On the job front, PMs are in great shape. The demand is particularly strong in most engineering specialties.
According to the National Association of Colleges and Employers’ 2006 salary survey, the top engineering degrees in demand at the bachelor’s level are mechanical and electrical engineering, and at the master’s level, electrical, mechanical and computer engineering.
The United States Bureau of Labor Statistics expects that the economy will generate 200,000 more engineering jobs by 2014. Many employers are already noticing a shortage of skilled workers in a variety of engineering fields--especially chemical, software, civil, mechanical and industrial engineers. Annual pay for engineers in the United States averages $72,965.
The problem is that engineering schools are not turning out graduates fast enough. Hence, most graduating engineers find themselves in the power seat. According to U.S. News & World Report, almost 70,000 engineers graduated from U.S. colleges and universities during the past school year. But it has hardly been enough to meet the demand. Even though many engineering jobs are still being outsourced and foreign talent has been imported to the United States, American companies are still understaffed.
Take this example: Over the past decade, the number of software engineering majors has plummeted