Where Have All the Engineering Co-Ops Gone?
In today’s market, lots of jobs seem to be going overseas. Of course we still have need for senior people who help us make strategic decisions and plan our verification projects, but what about the junior personnel? It seems that more and more, qualified co-ops are becoming increasingly harder to find.
According to the National Science Foundation, about 25% of students worldwide earned undergraduate degrees in science and engineering fields. However in Asia almost 50% of undergrads receive engineering degrees compared to only 5% in the US.
Although the employment outlook here in the States has improved recently, employers are still choosy about where they seek engineering talent. On-campus recruiting has been particularly affected. While hiring is still vibrant at top engineering schools, it’s dropping at others. According to a July article from IEEE Spectrum, recruiting for electrical and computer engineers at Ohio State has dropped 13%.
When only the top grads from the top schools are sure to receive job offers, how do we incentivize students to develop the core skills needed so that we are assured a rich talent pool locally as well as globally? Engineers still have high earning potential, but increasingly starting salaries are lower than in years past. This is partly due to prior layoffs in the industry. According to BLS data, both the number of EEs without jobs and with EE jobs fell slightly from the third quarter of 2009 to the fourth quarter of 2009.
As companies begin to hire once more, students are now competing with more experienced candidates, and the cost gap between novice and veteran is less than it has been in prior years.Unfortunately, this isn’t good news for the inexperienced employee. As hiring managers and entrepreneurs, we need to look forward with vision and not focus solely on the short-term gains. Remember that long-term investments do make returns.



