I make 65k which is about the average for most engineers out of college. I know time is on my side, but I get a little nervous about waiting too long...but I do understand what you are saying.
Boy I'm in the wrong field. I'm about your age and make less than half that! (and dislike my job to boot!)
Engineering at any level sounds boring. Math sucks.
Someone's gotta build the airplanes you fly... A whole lot of math in that!Engineering at any level sounds boring. Math sucks.
Someone's gotta build the airplanes you fly... A whole lot of math in that!
I'm also a mechanical engineer. I'm working for my third large company. Some have cubicles, some have offices. Sometimes the work is more fun, sometimes it's more stress. Right now, I really enjoy it.
I've been in manufacturing since my first job, 25+ years ago. Mostly manufacturing support, but some new product development and some R&D. To be a good designer, you need some experience under your belt. It's easy to "design" a good looking "something" that is a real hard to try to make, or even that can't be made. So right now, learn about that. Then when you get into design / modeling, keep those lessons in mind.
Can't second Denver's money advice any more. Wish I'd started at a big company, the little place I started had no retirement or 401(k), so I didn't start saving until joining the Fortune 100 just after turning 30. What wouldn't I give for those ten years' interest! I might have been looking at retirement in 3-4 years instead of hoping for 15 more.
Stuff your retirement as much as you can. Ten percent is a good start, then every year add half of your raise. If you change jobs, start your retirement at the new place with the same percentage you had at the old, and keep pushing it up half of your raise every year. Half of a promotion can make a big difference, too.
Fly on the side. Pay for your lessons as you go. I got 10% off by paying for ten hours at a time, then my credit card gave me another 1+% cash back (yes, I paid it off every month!). See how well you like flying, get your Commercial ticket and make a few side runs. See how that compares. Talk to some full-time pilots, see what it's like. Then choose--more time in Engineering or take a mid-life career change. This is when your savings account will come in handy (NOT your retirement, never touch that money!), as well as your paid off cars. I've never bought a new car (one year old from the dealer generally saves 25% of the new car price), never had a car loan more than 48 months, and never took the whole time to pay one off. Then drive it for at least eight years, making car payments into your savings account. Ten years is better. So buy a quality car!
You will have the freedom to choose what you want, choose what you like, and do what you want. Just hang tough for a little while and feed your bank account, not the bank's account.
Feel free to PM if you want. Us flying engineers need to stick together!
DenverPilot and others pretty much nailed it, but I'll add a few words.
Single engineer at 22? Sounds like me 20 years ago (as it turns out, those cubicle years go by quickly). You have no idea how much excess time and money you have on your hands right now. Pay off any debt you might have, max your 401k and you'll be a millionaire by 50. You should be able to get your ratings and/or A&P by 30. If you're going to have kids, don't wait too long. Don't buy too much house or too much car. Avoid restaurants and going out, nuke your cable and phone bills; those expenses add up to a whole lot of money over 20 years.
Good thing is I have no student debt...I have 10% going towards 401K...trying to be frugal - although that is tough when your getting your PPL haha. A good portion of my money is going to that currently.
The good news is that the costs go down after you get your ticket.
Let's see, 65k minus 18k for a maxed 401k leaves 47k.. say 1/3 of that goes to housing and another 1/3 goes to taxes, leaving you with 15k. You can fly on 5k/year, leaving 10k/year for everything else, almost $200 a week... not too shabby...
Maybe you should consider combining the best of both worlds and start building an experimental once you finish you PPL. Seems like the builders who stick with the project get A LOT of satisfaction out of it.
Saving money is a fantastic idea. Planning to be financially secure is the responsible thing to do. However, don't forget to "live" while you are at it. There are many who wished they had lived a little more earlier in life. Im not saying to throw caution to the wind, but experience life too.
Saving money is a fantastic idea. Planning to be financially secure is the responsible thing to do. However, don't forget to "live" while you are at it. There are many who wished they had lived a little more earlier in life. Im not saying to throw caution to the wind, but experience life too.
BTW, you heard from Henning?What he means is a little hookers and blow here and there is okay but don't go full Charlie Sheen.
What he means is a little hookers and blow here and there is okay but don't go full Charlie Sheen.
BTW, you heard from Henning?
There is a good percentage of people who will be crippled and unable to retire in comfort the way they thought they would. Some of it is environmental factors. Some are inherited genetics. One of my friends was adopted and had no idea she would be living through the challenges she is now as she has no family medical history to look at.
While I am an uber math nerd, I will say that most of the engineers I work with do very little math. You have to do it in school, but once you get past that, most of the math you need to do can be performed on a four function calculator.Engineering at any level sounds boring. Math sucks.
A guy that I used to work with left the company I am at now to work at Space-X. I talked to him a few years later, and I he basically related that it wasn't as cool as he though it would be. I work for a company that builds launch vehicles as well. It really isn't as exciting as you would think. Sure we do cool stuff, but it is years of work for a 10 minute flight.I am a bit suprised someone would say "engineering at any level sounds boring" - did you not just see SpaceX land a rocket??? That is insane - I just wish I was smart enough to work something like that! If people only knew half of what goes into the car you drive, the plane you fly, etc...people take it all for granted now a days.
Not all engineering is math by the way and I actually was never a huge fan of the math classes in college - actually applying it to something made it a lot more interesting though.
If you are a young ME, and you establish yourself technically with aircraft structures aluminum and composites you will always find work, any country. Plenty of avenues, get into DER and certifications, flight test, etc. The Masters and PhD could put you near the ground breaking projects that require a 30 lb. brain. Keep flying, and getting ratings. Doors will open and opportunities will start coming into focus as you go. No way to predict where you settle in, but you should always be in demand.
I was just looking at some flight test engineer jobs at gulfstream. I don't think I'm qualified (BSME, 8 Years Thermal Power Plant testing experience (mostly gas turbines in power generation) oh and a PPL and soon to have my Inst ticket) but I may apply. I'd have to take a pay cut to get out of my niche, but my passion is aviation.
A guy that I used to work with left the company I am at now to work at Space-X. I talked to him a few years later, and I he basically related that it wasn't as cool as he though it would be. I work for a company that builds launch vehicles as well. It really isn't as exciting as you would think. Sure we do cool stuff, but it is years of work for a 10 minute flight.
We have product circling Mars right now - pretty cool stuff...
Flirting with gimbal lock for a living!Yea...I can understand that...we build Control Moment Gyroscopes and Reaction Wheels (attitude control for satellites) amongst many other things including electronics for programs like Orion. We have product circling Mars right now - pretty cool stuff...but I agree to some extent - it isn't as exciting as you might think. However, I know the really smart guys get to do some cool stuff.
While I am an uber math nerd, I will say that most of the engineers I work with do very little math. You have to do it in school, but once you get past that, most of the math you need to do can be performed on a four function calculator.
Flirting with gimbal lock for a living!
Yeah I know. I've just been reading Apollo stuff.We have something like over 100 million flight hours (I need to check the board up front that says how long...) - we have never had a failure on our CMGs and RWAs - no one builds them like we do!
... Because that field probably isn't hiring...Find something you love to do, and you'll never work a day in your life.
Really depends on the type of engineering.No offense to you engineers. I'm poor at math and I see engineering as starring at cad drawings days on end. Obviously I'm wrong here.
No offense to you engineers.
Obviously I'm wrong here.
I'm poor at math and I see engineering as starring at cad drawings day on end.