Engineering???? must read

[anythin576]

What is the average salary of an engineer in pakistan if he has a degree from a reputable university like Nust or giki.............and what about foreign university degrees...plz also mention some examples of multinational company employees and their pay if you know one.........thanks in advance...appreciate your help!!!

 

[basimnazir]

Salary for a fresh graduate/postgraduate from Pakistan would be Rs.15,000-Rs. 25,000.
Salary for an experienced (minimum 5 years) graduate/postgraduate from Pakistan would be Rs. 40,000 with at least 1 major fringe benefit, eg, car.

A foreign qualified person with the above qualifications would be able to get an average of 15,000-50,000 more than the above rates, depending on his experience and university.

Its more about being at the right place at the right time.
The above salary rates are obviously with private companies. With government jobs, only highly qualified (minimum Phds) stand to make decent money. Others will be paid according to the pay scale.

 

[Silent Hunter]

which engineering most heavily paid? can you tell be the sequence of pays of few types engineering?

 

[basimnazir]

The competition is stiff for high-paying engineering fields. The high-paying jobs all come after at least a decade of experience, and they're usually leadership jobs. One of the marks of leaders is that they have survived one or two cycles of boom and bust.
Chemical Engineering pays very well. So does Software Engineering but nothing beats Petroleum Engineering.
An engineer (who took a 4 year degree at a university) should start a job around $60,000 to $70,000 per year (in most locations). The number typically increases about 3-5% each year for as long as you work. A quick calculation would show that by year 20 (near retirement time) you could be making up to about $117,000 to $172,000 (inflation negated).
Compare a $65,000/year salary to a doctors $150,000 salary (to start). First of all you've had 4 years of time to make $65kx4years = $260k before the doctor even sets foot on the scene. Then the doctor had 4 years of medical bills -$55,000 x 4 = -$220,000. So lets talk about this mathematically:

engineer: y = 65x + 260
doctor: y = 150x - 220
At that starting position... it would take a doctor an additional 7 years to catch up to an engineer's net-value, despite the higher salary. And that's negating the fact that a doctor would have to pay insurance + greater taxes on his practice and income when an engineer can simply just GET PAID.

Petroleum engineers are the highest paid and most in demand with only having a bachelor's degree.

IT/Computer engineers are a dime a dozen as everybody goes into that field though there are a fair number of jobs in it.

And as said above it's more about being at the right place at the right time.

 

[Silent Hunter]

so you say that when doctors set foot in their career,the engineers are way ahead of them ?

 

[basimnazir]

Mathematically and financially!

 

[usmanmahmood]

Nice. And can you please tell me about Electrical Engineering in Pakistan. Its scope and the job market?? Because im currently planning on going for it.

 

[basimnazir]

The world economy is very bad at the present time- engineering is a field that has a lot of scope in any developing country. Its not that developing countries don't need engineers, but if asked which country needs more engineers, the answer is 'developing'.
Since Pakistan is a developing country, the answer to your question, about scope, is yes, a lot.
But looking at other things, the present crisis and all. the development is limited and hence only a few engineerings prevail i.e. electrical and mechanical etc. However, if smooth progress starts, fields like mining engineering, chemical engineering (etc) will make their way.
So as a whole yes, engineering has a great scope in Pakistan with Mechanical Engineers on the 4th Number of the most paid professions in Pakistan.

And about the job-market, they are always needed!

 

[dukeunique]

dear i am not aware of this dude

 

[basimnazir]

Which part exactly?

 

[solidboy123]

so what do u guys think that if i do BA in accounting and finance from LUMS and then MA from a foriegn university or Lums only what kind of salary can i get

 

[ZohaibAsad]

Ok a few things to add here.

First, please don't see and put yourself along the same lines as the salary reports of the US/Canada. They are for them, and are often skewed to the right by the big fishes in the industry most of whom are the top 20 university graduates. So, it will sound stupid for a comsats graduate to be googling US engineering salaries and thinking he/she would be worth the same price. The answer is your own individual context, geographical location defines your salaries.

A bachelors degree is a basic these days that's the first reality. In Pakistan most people tend to go to medicine, engineering as the first choice because that's where they stand a chance to get a job without a sifarish which otherwise is almost a pracitcal 'pre-requisite' of the system. You start off around 35-40k PKR a month, with 5 years of experience you will find yourself around 80k PKR. But in those 5 years your life requirements will have changed, that 80k won't seem much to you with a family of your own to run and the standard of life to give after so much hard work.

If you get lucky and if life permits you can fly to the middle east where you can still make more with your bachelors, more than the 80k possible in Pakistan. But soon again you will find out that to increase the rate of growth of salaries and benefits you need to get a higher qualification, most of the people by that time don't have the energy to pursue a masters in engineering (for the large majority there cgpa doesn't permit it at the first place, yes engineering doesn't generally give you a high cgpa). So, on the practical scene most engineers then switch to an MBA and move into finance or their existing companies to find a better position where they can grow faster with experience.

But life is still not that simple. The visa, work permit requirements, ethnic bias, the label of being a Pakistani will often make difficulties for you so all that seems an option might not always turn out to be an option.

The debate here reaches the conclusion, that no matter doctor, engineer, or management go into where you have the most stable networking and go with a realistic plan of where you can take things and by the mid 30's try to set up a personal business which you can manage without intervention, for example as doctor you will find out that only having your own clinic/hospital will do you justice in the long run. Otherwise you are only likely to get exploited because the world runs on greed and everyone cares about their profit and one way or the other will exploit you.

 

[Silent Hunter]

The debate here reaches the conclusion, that no matter doctor, engineer, or management go into where you have the most stable networking and go with a realistic plan of where you can take things and by the mid 30's try to set up a personal business which you can manage without intervention, for example as doctor you will find out that only having your own clinic/hospital will do you justice in the long run. Otherwise you are only likely to get exploited because the world runs on greed and everyone cares about their profit and one way or the other will exploit you.

So right now... which field do you think is the most stable .... and talking about business..... engineers too have to do it it later in the long run?

 

[Irtzavvv]

listen you get a degree in Pakistan and go to usa to work ,,,,keep on trying ....keep on applying you will get it... once you are their you save then do business (if you want abundance) engineering alone is not enough Pakistan is not "pak" enough for opportunity so keep on try for Europe or usa.. you will hit it some day. and obviously you exploit to save yourself from exploitation and greed is a moral good got it do business

 

[sandman za]

what do you think would be the best engineering with regard to the future and the way the world is changing (with technology, climate change, pollution etc.) - would petroleum engineers be the most sought after, or environmental (sustainable future), or something like civil (for building, designing etc.). thoughts?

 

[ZohaibAsad]

Mechanical, civil, electrical, all have a future around the globe. Petroleum has a future only where it is in demand.

 

[Vish00]

what about aeronautical eng... ny scopes/future in india?????

 

[ZohaibAsad]

Mechanical allows you to design aircrafts and be involved in the aerospace industry. You will be more secure by doing mechanical and then working in particular industry and gain experience into that (in engineering experience > degree). My doing aeronautical you might limit your options. Universities these days combine a bit of courses with mainstream engineering basic degrees and give fancy names. You should stick to the fundamental engineering degrees and gain experience in a particular industry then if you like it, there are always post graduate certifications available in a particular field of your liking.

 

[Vish00]

thnx but what is the future of an aeronautical engineer... will i secure a worthy job????

 

[ZohaibAsad]

Yep, defence, airlines both pay you well