Do you enjoy your job? How much do you earn? How are you limited by the current market?

defender211

New member
Hi all, I'll start with myself below.

I am an engineer, worked around 7 years in the industry and earning approximately 100k at the moment.

I would say I am enjoying my work, however there's always the incline to achieve and do more. I always want to work on bigger projects however I am limited to working on lower end projects for the current firm I work for. I always yearn for getting into a bigger firm, working of larger size projects and getting more money.

These are the following limitations of my field to progress further:

- Oversaturation of engineers in the current market; there's a lot of graduate engineers being constantly pumped out of Universities, some of which don't even want to do engineering in the first place. Therefore, there's always competition to get a job straight out of University. It doesn't really get much easier when you gain a little experience, as most employers will still count on your short-comings during a hiring process i.e. "You've done X but you haven't done Y! Because we do Y work, we will pay you less!"

- There's generally not many jobs in smaller cities, especially when the role becomes more specialist (structures for instance). Jobs that are available are covered by recruitment firms that undercut your salary (in most instances, not all).

- The pay ceiling is pretty low for the private industry as a standard worker, with engineers having 15+ years experience capping out at 140k AUD. Usually only managers, directors etc have slightly higher salary at 160k AUD to 180k AUD, however these are limited. (This is based on my experience working in smaller cities, i.e. Hobart, Darwin and Adelaide - Not Melbourne, Sydney and Brisbane).

Would love to hear some of your experiences, pay and limitations for progressing in the current market!
 
@defender211
- Oversaturation of engineers in the current market; there's a lot of graduate engineers being constantly pumped out of Universities, some of which don't even want to do engineering in the first place. Therefore, there's always competition to get a job straight out of University. It doesn't really get much easier when you gain a little experience, as most employers will still count on your short-comings during a hiring process i.e. "You've done X but you haven't done Y! Because we do Y work, we will pay you less!"

Meanwhile EA is shouting about the lack of engineers. I get they're talking about mid-level engineers but how about train people up? They've been saying this for the past decade while grads struggle to get jobs.

I'm also an engineer, coming up on ten years and earn $117k at the moment. Not currently enjoying my job much and am in the process of looking for another. Hoping to get a pay bump in the process but am frustrated by how no one advertises salaries.
 
@dlcfsm
There is a difference between Engineering as a professional qualification and Engineering as a trade.

Test & Learn. Ask for a big pay bump first.. $150k if thats achievable take it! Then apply for another job and ask for $175k. If you get knocked back, calibrate what they're willing to offer.
 
@revmorpheus Yeah my old man is a boilermaker by trade the past 50 years, he’s debated with engineers when getting plans approved for his own personal projects.

We both rigged up half of our 8 ton mezzanine before we realised that it had no strength AT ALL, because the engineer said “she’ll be right”. Dad thought he’d just go along with it at the time even though it felt off, sure enough.

Cost us $1000+ and probably 4 days labour to fix it by cutting purlins into 3 pieces and redrilling bolt holes.

Extremely aggravating.
 
@dlcfsm I got around 50% increase in the past 2 years. Started on 60k 7 years ago. Asked for a big and overdue raise a bit over a year ago and got it. Just before Christmas I asked for another big raise (15k) expecting to get negotiated down to 10k max. But they accepted it!

Always ask for more than you think you'll get. I was really surprised they went with this raises but I'm also pretty core to the engineering team. They've been trying to recruit someone to join me in the same position for about 18 months with no luck. They ended up having to split it up and hire 3 separate roles instead.
 
@dlcfsm Unfortunately this is more of a cash grab by Universities. Regardless of whether the sectors need more engineers or not, Universities just want to fill their funds with continuous stream of expotential cash flow.
 
@defender211 I don't doubt that, but EA is meant to be an organisation for Engineers, all they seem to have done lately is force me to give them money so i can get registered.

Grumble
 
@defender211 33m - Project Manager in IT earning about 200k base plus super with 8 weeks annual leave, 4/5 days WFH and very good work life balance - I really enjoy it as I get to spend a lot of time doing what I like.

I can and have earned 300-400k without the annual leave or good work life balance; but for me, it's absolutely not worth it. I prefer to live in the moment, have more flexibility to spend time with friends and family, and to travel. I could be dead by 50, so why would I want to put all my eggs in the retire early basket?
 
@ch4dd How many years experience do you have if you don't mind me asking. I'm 34m Project Manager in IT but fairly new to PMing, although in the last 9 months have developed into senior PM role in my company.

I have a background of around 10 years in Telecommunications Design and Project Coordination in NBN & Telstra. Now I work for an ISP in Network Infrastructure, I know I'm getting underpaid. Considering moving toward either cloud or security. Happy to take suggestions!
 
@jamie2014 About 9 years as a PM - however, I was given opportunities to manage large and complex projects early in my career which in turn allowed me to take on day rate contracts at other organisations at a young age(these are the 300-400k years)

Admittedly, my strongest skills are my soft skills and ability to present to large groups and C level in a way that easily digested. This promotes confidence in my projects and has allowed me to build a strong brand in organisations I work in.
 
@churchdigest Public sector actually, in a fixed term position - however I’m working on a major, multi year initiative and I have a fair bit of experience doing this type of gig. This is quite high for public and I expect would be uncommon; if I didn’t have the skills they required, I’d likely be earning less.
 
@defender211 31M - Currently in infrastructure banking/M&A with three years of direct experience and two years is semi-related experience prior, making $300k+ depending on the year.

At the crux of it I don’t mind the work but the hours and expectations can be gruelling, with 90+ hour weeks expected as workflow dictates. When a financial model breaks at 1am or a presentation you’ve been working on all week gets binned, it can be pretty tiresome.

There’s still plenty of scope to move up but like many, I don’t think being a career banker is in my calling. I just haven’t decided what the next move will be, as it’ll likely be less hours but also a significant haircut in terms of remuneration.
 
@ianhulett There are a number of avenues in that area I’ve looked to exit to. Realistically, if I want to get away from ‘sell side’ work then it’ll be ar an infrastructure fund or a corporate such as Transurban, Sydney Airport or even Rio Tinto in M&A/strategy/corporate development.
 

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