If you are a student and about to choose your career, you might be wondering which field will pay you more, business or engineering? The answer is not straightforward as it depends on various factors such as your experience, skills, location, and the industry you choose to work in.

In this article, we will compare the average salary of a professional engineer and a businessman to provide you insights into both fields.

Engineering vs Business: Average Salary

According to Payscale, a website that provides salary data for different professions, the average salary of a professional engineer is between $64k to $120k per year depending on their experience and field. However, the salary can also vary depending on the location and industry you are working in. For example, engineers working in the aerospace and defense industry earn the highest salary, while those working in the renewable energy sector earn the lowest.

On the other hand, the average salary of a businessman depends on the field they are working in. For example, according to Glassdoor, the average salary of a Business Analyst is $81,300 per year. However, the salary can vary widely depending on the industry you choose to work in. For example, Business Development Managers in the technology industry can earn up to $164k per year, while those in the healthcare industry earn an average salary of $96k per year.

FAQs

1. Do engineers make more money than businessmen?

It depends on various factors such as experience, skills, location, and industry. According to the salary data provided by different sources, the average salary of a professional engineer is between $64k to $120k per year, while businessmen can earn anywhere between $50k to $200k per year depending on the field they work in.

2. Which industry pays the highest salary to engineers?

According to Engineering.com, the aerospace and defense industry pays the highest salary to engineers. They earn an average salary of $112k per year. Other industries that pay a high salary to engineers are the oil and gas industry, the automotive industry, and the renewable energy industry.

3. Which industry pays the highest salary to businessmen?

According to Glassdoor, the technology industry pays the highest salary to businessmen. Business Development Managers in the tech industry earn an average salary of $133k per year, while Product Managers earn an average salary of $165k per year. Other industries that pay a high salary to businessmen are finance, healthcare, and management consulting.

Conclusion

As we have seen, both engineering and business can be rewarding careers in terms of salary. However, the salary can vary widely depending on various factors such as your experience, skills, location, and industry.

If you are trying to choose between business and engineering, it’s essential to consider your interests and strengths. Engineers typically work on technical projects and apply their problem-solving and analytical skills, while businessmen work on strategic planning and decision-making.

Ultimately, choosing a career should be a thoughtful and well-informed decision based on your goals, interests, and personal preferences.