Newly minted professors make far less than seasoned ones, while certain locales – such as Washington D.C., California, and Massachusetts – pay more than other states. But design assuming you won’t get it. Per the book “The Millionaire Next Door”, just choosing to live below your means, saving 15% per year starting in your 20s, putting money toward retirement and long term goals, can make you a millionaire (in today’s money). Engineering Success February, 2008 Bob Colwell UC Irvine 20 If product fails, team fails; if team fails, you fail. Engineering pays well, but in order to really earn a lot of money you need to either: 1) Start your own engineering firm - and be succesful. 2) Work your way up in a company and get into a management position - this means you would work more with people and less with the engineering side. That said, be warned that Civil Engineering is not the highest paid “professional” career on the market these days. These jobs can help you get to a six-figure salary quickly. A good engineer bills out between $120 and $350/hr. But as Stephen Canneto indicated, how you spend your money is just as important as how much you make. It’s various income streams, most of which could be considered passive income that accounts for about 20% of the millionaires in the United States. A huge portion of that money goes to your employer. Specifically, petroleum engineers can expect to make the most, with an average salary of $88,700. The top career choices for making the most money are being an investment banker or physician. Yes. Best Jobs to Get Rich. However, keep in mind that these fields are competitive. Everyone wants to get rich in life, but not everyone is able to get there. Yes, you can. However, you are extremely unlikely to get rich working in a company in an engineering function. For eventually making a lot of money, a BS in engineering is as good as any other degree, and maybe one of the best. This is because with an engineering degree you are pretty much wide open to pursue anything you would like. Engineer and pharmacist are good options as well. How to get rich: Those preparing for positions as engineering professors should consider three factors when trying to get rich: experience, location, and specialization. However, on average, an engineer with a relevant college degree can expect a salary of $72,000. The higher the billing rate, the higher the risk you get sued basically. Get rich quick By Lyndon White 28th April 2010 5:16 pm 16th December 2015 11:58 am Next summer, my son will graduate from university, hopefully clutching in his hands a first-class MEng degree in electronic engineering and computer science. Don’t be afraid to obsess over your project. The big trade off is job security. Become an engineer. You don’t have to be making six figures as a doctor, lawyer, or engineer to have a lot of money. Takes some luck and entrepreneurial skill. 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