Study engineering is more diffic. than business and management, but why average salary of a bus-man is higher?

Question

For ex. in UK engineers ~25k - 40k, when bankig ~ 32k - 70k
It is a kind of paradox...

Answer 1

a misconnecttion Engineers becomes engineers, many also become businessmen. Not all (small percentage of business grades find high jobs with high)

Think like an engineer. Number of engineering grads total salary divide. Do the same for business grads (Take into account those who can't find work ) You can work all over the globe (even in space ) they can't.

Check your local med schools find out prerequrisites for engineers to become med students compare business grads.

Do the same for the Armed forces and see which acting rank you start at.

Who is easier to fire or replace?

Carry out this little exercise, should be very good for your ego and last but not least businessmen are guessing at best. Engineers know.

Answer 2

I am not sure that I agree that engineering is more difficult than business and management, but salaries are based more on supply and demand than anything else. If there is less demand for engineers than business people, then salaries will be lower for the engineers. It could also have something to do with the area of study. For instance, there may be a need for Civil Engineers but not so much for Electrical Engineers or some other area of engineering. These things also seem to run in cycles. The cycle could turn the other way in a few years.

Answer 3

First, that is flip-flop the United States. I have taught both Engineering and Business in Universities. I find Engineering students as a group find many business concepts difficult. Likewise, the engineering design method would be very useful for most business students but they don't think like that.

Engineering is a hard discipline, but so is economics. Personally, I would prefer the ease of physical engineering to trying to convince myself in economics that the Lagrange multiplier is my friend and that I do care if a matrix is positive semi-definite. The ease of physical engineering is that God does not change his mind very often and so all hard sciences respond to predictable relationships. God's creatures respond emotionally, they make mistake, geography and demography alter, politics enters into the decision making process. So economic relationships vary in patterned and somewhat predictable ways, but not with sufficient specificity you could trust an estimate the way you would trust a bridge design by a competant engineer.

The decision on wages is purely supply and demand. Consider relocating or using the engineering background to enter mangement.

Answer 4

I certainly do not disagree with the response of Flyby - but would also add that pretaining to the business profession - many things are not "black & white" as they many times are in the absolutes of engineering. I would think that in the field of engineering it either adds up or it doesn't. Now - granted that is a whole lot of responsibility to shoulder in making certain you know what you're talking about. A tremendous charge you have.

In business - my opinion is that many decisions someone is involved in are mental functions (not that engineering is not) and success in business many times is determined by quick thinking and reasoning, professionalism and certainly by networking.

That would be the only other major difference I would think.

Answer 5

Some people may think studying business and management is more difficult.

I think people in business and management set the pay scale so that is who gets paid more. If you really want to get ahead think about having technical and biz know how. That way you can right the system that will chart the salaries of all the people you hire and fire. J/K but I wish you well. Also consider moving to the US I bet you will see engineeers get paid loads more..