Phred
Veteran Member
Frank,
I am an EE but some of the issues you rasie are the same for most engineering.
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What should i expect for an average salary if i had a PHd in engineering
<hr></blockquote>
Keep in mind that a BS degree is 4 years fulltime. An MS is an additional 2 years. A Ph.D. nromally requires an MS and then 3 years. So a PH.D. is ~9 years beyond high school.
You can do a BS part time but it will take forever if you work a lot of hours. I don't recommend that. However, studies show that students that work less than 20 hours per week can still keep good grades.
You can definetly do an MS part time. Lot of folks do this. It will take you a while. Some companies will pay for you to do an MS while you work for them. This usually takes the form of tuition support or time off to go to class.
The PH.D. is very hard to do part time since you will be expected to work on a research project as well as take classes. This degree is a full time job.
Also you normally do not have to pay to do an MS or PH.D. In fact you would normally be paid to do so. Just some minimal support plus a tuition wavier.
Starting salaries prior to the economy crash were around 30-45K for a BS, and 45-50K for an MS. These figures may be higher in expensive areas and lower elsewhere.
The Ph.D. is hard to put a figure on but you will make a good deal more.
With all this said I would recommend that you definetly go to school if possible. Start with a BS and take it from there.
As already expressed above lots of folks feel that a Ph.D. is a waste of time. However, in some fields it will open doors for you. You just need to weight the time and energy versus the pay-off. Also if you want to work for a university definetly get a Ph.D.
Sounds like if you want to have your own company then maybe a BS ME and then an MBA? You could do an MBA part time in a couple of years while you start your company.
Fred
I am an EE but some of the issues you rasie are the same for most engineering.
<blockquote><font size=1>In reply to:</font><hr>
What should i expect for an average salary if i had a PHd in engineering
<hr></blockquote>
Keep in mind that a BS degree is 4 years fulltime. An MS is an additional 2 years. A Ph.D. nromally requires an MS and then 3 years. So a PH.D. is ~9 years beyond high school.
You can do a BS part time but it will take forever if you work a lot of hours. I don't recommend that. However, studies show that students that work less than 20 hours per week can still keep good grades.
You can definetly do an MS part time. Lot of folks do this. It will take you a while. Some companies will pay for you to do an MS while you work for them. This usually takes the form of tuition support or time off to go to class.
The PH.D. is very hard to do part time since you will be expected to work on a research project as well as take classes. This degree is a full time job.
Also you normally do not have to pay to do an MS or PH.D. In fact you would normally be paid to do so. Just some minimal support plus a tuition wavier.
Starting salaries prior to the economy crash were around 30-45K for a BS, and 45-50K for an MS. These figures may be higher in expensive areas and lower elsewhere.
The Ph.D. is hard to put a figure on but you will make a good deal more.
With all this said I would recommend that you definetly go to school if possible. Start with a BS and take it from there.
As already expressed above lots of folks feel that a Ph.D. is a waste of time. However, in some fields it will open doors for you. You just need to weight the time and energy versus the pay-off. Also if you want to work for a university definetly get a Ph.D.
Sounds like if you want to have your own company then maybe a BS ME and then an MBA? You could do an MBA part time in a couple of years while you start your company.
Fred