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How necessary is it for Mechanical Engineers to get a Masters Degree in order to make a higher paying salary?

I want to make lots of money doing something I love. But I'm questioning the affordability of it with tuition costs SO high. I hate the thought of getting into that much debt, but will it pay off in the long run? Just trying to plan ahead. #engineering #mechanical-engineering #financial-planning

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Simon’s Answer

I have a BS in Mechanical engineering and progressed to managing the North America engineering group for a multinational chemical company. If you want to make the biggest impact and money you will have to manage people or large projects. A masters in Business will help get you into managinment and a masters in engineering will help you on the technical side if you do not want to manage people. Your work knowledge and performance will dictate how much you will make. Great employees are valuable and are compensated well to keep them. Good luck.

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Spruce’s Answer

I have a BSME and stayed technical in a large aerospace company, working on multiple projects mostly related to integration of spacecraft to rockets. I agree with Mr. Robson above that if you find yourself more interested in leading engineers and others to work together to accomplish large projects, I would also recommend an MBA. If you think you want to stay technical, especially in large companies, I highly recommend a Masters in engineering. Usually a Masters program will give you opportunities and a good environment to apply some of the ideas and techniques you learned in your bachelors studies and help you understand them more thoroughly. Having that engineering Masters, just like an MBA, open doors to opportunities that you might not otherwise get to explore. Two of my kids got theirs (mechanical and civil) and their salary curves are the same or higher than the median incomes in their industries. Good luck.
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