15 Countries That Produce the Best Engineers in the World

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In this article, we take a look at the 15 countries that produce the best engineers in the world. For more such countries, go to 5 Countries That Produce The Best Engineers in the World

The field of engineering is the bedrock of modern civilization, right from the industrial revolution to the information revolution. Engineering is directly responsible for technological progress, with the latter being critical to Total Factor Productivity (TFP), which, in turn, has a strong correlation of 60% with economic progress in advanced countries. 

As manufacturing has primarily moved to emerging economies, with advanced economies largely being services-based, the demand for software engineers is higher in the latter. It is demonstrated by an Intel Corporation (NASDAQ:INTC) report, which shows that the pursuit of electrical engineering degrees has dropped by 90%, offset by a 90% increase in computer science graduations in the US over the past 50 years. 

However, generally, interest in STEM fields is on the decline in the US. It was already low among girls, but has been declining for boys as well. According to an IET survey in 2019, young pupils’ interest in domains like design and technology, and Information and Communications Technology is down 12% and 14%, respectively. 

The trend of declining interest is long-term, which is directly contributing to the shortage of engineers, with other factors being an aging workforce, the broader labor shortage and many engineers taking up managerial roles. The Bureau of Labor Statistics sees a shortage of a total of 6 million engineers in the US between 2016-2026. 

Despite the problems, the US is one of the best countries when it comes to most engineering fields. It is due to a world class private education system, high-tech employment opportunities and infrastructure. 

Some of the most notable companies in the US, like Tesla, Inc. (NASDAQ:TSLA), Lockheed Martin Corporation (NYSE:LMT) and The Boeing Company (NYSE:BA) hire engineers from diverse fields like electrical, software, aerospace and materials engineering. Further, these companies provide opportunities to work on cutting-edge technology while paying lucrative salary packages, which are higher than the market average. 

For instance, according to Indeed, the median salary that Tesla, Inc. (NASDAQ:TSLA) pays its electrical engineers is $129,000. On the other hand, the average salary that Lockheed Martin Corporation (NYSE:LMT) pays to its engineers is 22% higher than the market average.

Lastly, The Boeing Company (NYSE:BA) pays its engineers an average of $96,364 a year, which is 20% higher than the national average. Apart from Tesla, Inc. (NASDAQ:TSLA), Lockheed Martin Corporation (NYSE:LMT) and The Boeing Company (NYSE:BA), other technology companies that are known to have generous packages for their engineers include Google, Microsoft and Northrop Grumman, to name a few.