How to make more money as an Engineer?

In this article, we're going to talk about very important topic for most people in the world, and that's salary. And you know what? Talking about money is normal. Of course, we shouldn't obsess over it and constantly talk about it, but in today's world, unfortunately, money plays a vital role. I'm not talking about a private jet, yacht, or a 10 million-dollar villa. Let's be honest, 99.9% of people will never buy it, and maybe they don’t need it. It is not how much we have, but how much we enjoy, that makes happiness, right.

But everyone, at least, would like to have a nice house, better not far from the sea, a good car, and give their family a decent life. All of this is achievable for those who understand that financial literacy matters more than luck.

Yes, nothing will likely happen in one year, but if you take the right steps over 3-5-10-15 years, you can achieve everything I just mentioned.

Let's get back to the question of how to earn a lot of money. First, let's talk about your main income from your job. The path here is simple: to work for one of the best companies in your country and have one of the highest salaries. Most people don't even know the job market, what salaries are possible, and how to get it.

Let's say you're a mechanical engineer, and your current salary is 3000 dollars per month net. Open any website with salary statistics in your country. Search for engineering jobs, and you'll see that the average pay for engineers in your country may be 5000 dollars per month net. This means the maximum salary could be 7-8 or even 10000 dollars per month net. That's your benchmark.

The next step is to find job openings with these high salaries. Then, carefully analyze these job openings and determine what you need to do to get this job, what gaps you have, and what additional knowledge and skills you need to acquire. Make a list and start improving!

Yes, for many people, this won't be a quick path, and it will take years to match such positions and level up. But tell me, what's better: spend several years improving yourself and eventually land a job with a salary of 8000 dollars per month net, or continue doing nothing and the salary staying the same or maybe it'll go up 10-20%?

Now, let's say you're already earning one of the highest salaries in your country. How can you earn even more? Apart from climbing the career ladder, such as becoming a manager or CEO, the next step is to change field, move to a foreign country, and apply for positions that us employers value with higher engineering standards.

For example, in Europe, as a mechanical engineer, you might earn 5000 dollars a month net, but in Arab countries, you could earn 10 or 15,0000 dollars a month net or even more. Of course, you'll need bachelor’s or master’s degree, 10+ years of experience, international certifications and professional engineer status will also give you an advantage.

So, let's say you're working in an Arab country and earning 10,000 dollars net per month. What's next? How do you earn more? Firstly, you can find a job with a higher salary. For a skilled engineer with international experience, 10,000 dollars net per month is not the limit. You could earn 15 or 20,000 dollars net per month or even more.

This is likely to be the ceiling, and of course, there are not many such opportunities, and your qualifications and experience must be top-notch.

Many people from Africa, CIS or even European countries are laughing now and saying, "He is kidding! Such salaries don't exist. How would he even know?" Firstly, guys, I've been working for international company in the Middle East myself and getting similar money. Secondly, I have many experienced colleagues who earn even 25-30 thousand dollars per month net, so believe me, I know what I'm talking about.

So further development to earn even more is a generalist path and vertical growth on the way to CEO.

In this article, we've talked only about the salary employees. But it's no secret that to have a higher income, you shouldn't focus solely on your salary; you need to develop in various directions, including businesses, management and investments. And you should start investing not when your salary reaches 10 or 15,000 dollars per month, but when you have your first income right after the university.

Unfortunately, most students and even young professionals use social networks like facebook to scroll content and waste time, instead of looking for resources, online courses, related information in their field of science, engineering industry insights, research or ways to create products and services. But remember, investments and education are potential tools that will help you grow.

Unfortunately, most people don't understand this and believe that you should invest only when you have millions, but millions never come, life goes by, and people retire poor.

Remember: discipline, patience, and taking a risk are the three main qualities that will help you in life! Good luck.

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