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Civil Engineering Degrees Cost Too Much

Civil Engineering Degrees Cost Too Much

A civil engineer has been making the news recently. In fact, with 22k shares, and 35k reactions on Facebook it’s quite possible this guy might be the most famous civil engineer of our time! Alas, he’s not talking about our profession, but the sheer cost of becoming an engineer. He’s talking about the student loan.

Ages back, when I started this blog, I discovered a similar surprising fact; that civil engineers won’t pay off their student loan. When I read Crowther’s, now viral, post I decided to check back, and, according to the same Student Load Repayment calculator Civil Engineers are still not going to pay off their loans.

Civil (and in fact most other traditional) engineers are particularly affected by rising tuition costs simply because, to become chartered, we’re all encouraged/forced to get an MEng. And that means that we pay 33% more tuition cost than your average degree. We’re not the only profession to require a longer degree, most medical practitioners do too (and architects; unexpectedly).

An extra year will set you back £9k tuition and £3k maintenance, plus a bit- so let’s call it £12.5k. If we consider the MEng year to be the last to be paid off, then (at an average/low 3.5% interest rate), this year will actually be costing you something in the region of £20k.

To be ‘worth the investment’, over a 30 year career those four letters (MEng) need to be earning you a salary that’s constantly about £670 above everyone else’s. And guess what, Engineering pays its best graduates circa £4k below the average. Maybe we need to lose the notion that it takes 4 to 5 years to make a Civil Engineer (something I’ve never been convinced of), or perhaps just admit that Civil Engineers aren’t paid enough.

Something will have to give, eventually; the country needs more civil engineers- and the one thing I can say for certain to any one thinking about joining is that you’ll start you’re life a year later than your contemporaries in IT, law, media, etc., be paid less then them, and have your student loan hanging over your head for the rest of your life.

And we still wonder why we can’t attract enough talent?

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Comments

  1. It’s certainly a lot of money to repay. To be honest I’ve often considered the MEng requirement to be totally ridiculous and it would certainly have put me off ! Back in the 80s the ICE introduced the Chilver Scheme, another nutty plan, which would have also discouraged me (coming from the apprenticeship/ONC route) from ever becoming chartered. Fortunately good sense saved the day and here I am ! By the way, not sure if you meant ‘sheer’ or ‘shear’ – a pun perhaps ?

    • Hah- opps! I’m just going to pretend that was a deliberate pun. 🙂

      I haven’t heard about the Chilver Scheme- and there seems scant all information about it online these days; I’m guessing it failed.

  2. I do agree with your views, Engineering is a fancy thing now, not only because of huge costing but also due to the fact even after studying very hard and spending lots of money one will not get job in the present socioeconomic conditions of countries. More ever quality of education has drastically degraded, specially in the countries like in which I live in. People who are studying really really hard gets 90% and people who do not gets 85% . The present education system does not emphasize on creating concept rather it tries to manufacture Engineers only in conversion of fees. I would rather prefer Degree from Professional Institution like Institution of Engineers (India) who still have maintained the quality of education and the cost of the same is about 1/15th than that of the private colleges and universities.
    I have already discussed it in detail in Government Portal on why B.Tech. courses is to be shut done if AMIE is not being approved from the Government with due recognition, here have a look at it
    A.M.I.E. vs B.Tech. on Government Portal

  3. Some may argue that they are also paid well upon graduation to recover the costs in some parts of the world.