Almost all things in a marketplace go in cycles.
Take computer engineering for example. 5 or 10 years ago it was a hot field to get into and now the market is saturated with mature technologies and there is not as much demand for new technologies. Sooner or later there will be some new discovery that pushes the computer engineering envelop and the market will take off once again.
Look at my own discipline, civil. In the 50’s when massive prosperity and the military buildup associated with the cold war drove the demand for civil engineers. Anyone with a degree had good jobs no questions asked. Once the Interstate was more or less completed and the demand for civil engineers dropped off the market for that discipline was greatly reduced.
Now in Manitoba Canada where I live there is some concern in the association that we are so far below replacement rates for the profession that when my cohorts and I retire (70’s grads now 50 and up) that the current younger engineers will be pressed into the upper senior levels without the necessary experience and seasoning. The entire civil engineering undergraduate population today is smaller than my graduating class was in 1977.
If any good comes out of Katrina it will be that people will start paying attention to the crumbling state of our infrastructure in Canada and the US (and presumably elsewhere) and start repairing the infrastructure. This is good news for the civil engineering marketplace.
That happened here after the Red River of the North flooded in 1997. I was working on building emergency dikes and we had to get guys out pf retirement to have sufficient manpower to save Winnipeg. Grand Forks ND was totally flooded. Now the first contracts are being let to increase the size of the Winnipeg Floodway and other flood control works. (Several hundred million dollars worth of civil works.)
Of course sometimes technological advances will make some industries totally obsolete. I cannot remember the last time I met a buggy whip engineer.
If an industry is cyclical, I’d advise a new high school graduate considering a career in engineering to take a good look at the disciplines that are down right now. In 4 or 5 years when he or she graduates there just may be a major demand with a corresponding lack of new graduates.
Of course they would have to first be happy with the field because if you hate your work it will be hell to get up every morning and go to the office.
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion