Industry loses out to the big buck jobs

E ngineering graduates are turning their backs on industry to take well-paid consultancy jobs, according to a recent survey. The number of engineers studying MBAs at the UK’s top 40 business schools has risen from 450 in 1995 to 700 in 1999. The proportion of MBA students with engineering first degrees has risen from 18% […]

E ngineering graduates are turning their backs on industry to take well-paid consultancy jobs, according to a recent survey.

The number of engineers studying MBAs at the UK’s top 40 business schools has risen from 450 in 1995 to 700 in 1999.

The proportion of MBA students with engineering first degrees has risen from 18% to 20%, says the survey by the MBA Career Guide.

Nunzio Quacquarelli, editor of the guide, said that industry could not compete with salaries paid to MBAs by management consultancies. `Where else can an engineer earn £60,000 at the age of 27?’ he said.

Consultancies are taking on more engineers as large companies such as BOC contract out their strategy development, Quacquarelli said.

A survey earlier this year by Incomes Data Services found that engineering companies found it hard to fill graduate vacancies.

A spokesman for the Institution of Mechanical Engineers said: `Many of those who go into management consultancies are still doing engineering. What we need is to get more engineering graduates overall.’

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