With the current down turn in the economy many engineers have loss their jobs or worried that they maybe losing their job soon. Budget constraints both in the public and private sector are forcing to think about how secure the jobs really are. But as we all know this recession will not last forever. Sooner or later the promised recovery will begin. The question is what engineering will benefit from the renewed economy and which ones will not fair so well? There is no real crystal ball, but there are clear indicators that every engineer should be aware of and make preparations accordingly.
Engineers will need to continue their education to stay up with the latest technologies to offer their clients the best solutions. Most of the State Licensing Boards require Professional Engineers to renew their professional licenses periodically with a minimum number of continuing education units. These units are usually Professional Development Hours (PDH) or Continuing Education Units (CEU). One PDH is equivalent to one hour of course education, and one CEU is equivalent to ten PDH or ten hours of course education. Some may find that their profession is not growing or trailing behind may need to change careers or strength their technical knowledge.
One of the best indicators of upcoming markets is to know what the baby boomer generation needs and wants. The baby boomers, the individuals born between 1945 and 1964, are now approaching retirement age. Many will be retiring and will require some medical and health assistance. They will also want medication to appear young as long as possible. Obviously fields that support this industry will do very well. The most likely profession to benefit is Biomedical Engineers. They are necessary to improve new medical devices and equipment. In addition, new facilities will be required for the aging population. Independent Living Facilities and senior communities will rise in demand. This will definitely improve prospects for Civil and Mechanical Engineers.