re: Electrical Engineering

I'm in the industry and not surprised at all

Supply and demand


Eta: there are plenty of CAD designers in BR making 100-120k

Not bs at all. I worked at same company for 4 years, changed companies and got a 30% raise. It's still blows my mind they pay me what they do. I'm 28 and make 50 bucks an hour. Sometimes I have to pinch myself. Like someone else said, there just aren't a lot of EE's with experience in power. shite my dad is a senior electrical designer and Im not even close to what he makes and he doesn't even have a degree. But he also has 30 years of experience. And it's just getting worse with the work force. In ten years 50% of the work force will be retiring.

guesswho it sounds like you need to start looking for a better job.

need any connections to the consulting world?

My plant must severely under pay.

This thread makes me feel poor lol

These companies have a pension? 401k?

We have 401k. $1 for $1 match up to 5% of salary.

4 to 5 weeks of PTO

8 paid holidays.

They also pay short term and long term disability.

The pension thing is great, but I would not rely on it. Not sure that is accounts for inflation either. If you plan on staying there your full 30 year career then it may be worth it. If you plan on switching jobs sometime then the difference in pay now would be a better option in my opinion.

Mine does. I work for a top 3 Oil Major.

I'll break down my compensation package for you.

My base salary is $123600k. I have a bonus target of 15% annually. It's based on my performance and the company performance. I've had it as low as 8% and as high a 26%. I get 300 shares of preferred stock annually.

I get 4 weeks of vacation based on my years experience, not my time with the company. Will go to 5 with 20 years experience and 6 at 30.

I have a 401K that in year 2-5 of employment is funded with 2.5% of my salary regardless of my contributions. Years 5-9 is 5%. Year 10 and beyond is 10%.

I also have a pension that is based on a point scale. My points equate to my age plus years of service. At 80 points, I've bypassed the point of deductions in my pension, however, there is a sticking point that for every year before I'm 59.5 they deduct 5% of my pension. My pension is an annuity. It's 60% of the average of my final 3 years salary.

Once past 30 years of service I retain my medical benefits.

I have several friends that work for other oil majors and all our packages are relatively similar with relatively similar pay scales.

With time, you could easily get to $175k with a 20% bonus target and 600 shares of stock. To progress past that point you'll need to move into a management role.