Planning to do PhD in Management (operations) from U of T . What about employment suituation after PhD?

Question

I have completed MS(Industrial Engg) from USA and now planning to do PhD(in Operations Management or Industrial engineering) from University of Toranto, Canada. While doing PhD, I will also apply for PR. Could anybody tell me about the job opportunity after PhD? Which field has more jobs..industrial engg or operations management?I have had 10 years of work experience also.

Answer 1

Industrial Engineering:

Overall employment of industrial engineers, including health and safety, is projected to grow about as fast as the average for all occupations through 2012. In addition, many openings will be created by the need to replace industrial engineers who transfer to other occupations or leave the labor force. Employment of industrial engineers is expected to increase as fast as the average while that of health and safety engineers is expected to grow more slowly than average.

Median annual earnings of industrial engineers were $62,150 in 2002. The middle 50 percent earned between $50,160 and $75,440. The lowest 10 percent earned less than $40,380, and the highest 10 percent earned more than $90,420. Median annual earnings in the manufacturing industries employing the largest numbers of industrial engineers in 2002 were:

Semiconductor and other electronic component manufacturing $67,460

Navigational, measuring, electromedical, and control instruments manufacturing 65,470

Architectural, engineering, and related services 64,020

Aerospace products and parts manufacturing 63,630

Motor vehicle parts manufacturing 62,610

Median annual earnings of health and safety engineers were $58,010 in 2002. The middle 50 percent earned between $46,580 and $71,980. The lowest 10 percent earned less than $37,230, and the highest 10 percent earned more than $87,250.

According to a 2003 salary survey by the National Association of Colleges and Employers, bachelor’s degree candidates in industrial/manufacturing engineering received starting offers averaging about $47,051 a year and master’s degree candidates averaged $54,565 a year.

Operations Management:

Keen competition is expected for top executive positions, with the prestige and high pay attracting a large number of qualified applicants. Because this is a large occupation, numerous openings will occur each year as executives transfer to other positions, start their own businesses, or retire. However, many executives who leave their jobs transfer to other executive positions, which tend to limit the number of job openings for new entrants.

Experienced managers whose accomplishments reflect strong leadership qualities and the ability to improve the efficiency or competitive position of an organization will have the best opportunities. In an increasingly global economy, experience in international economics, marketing, information systems, and knowledge of several languages also may be beneficial.

Top executives are among the highest paid workers in the U.S. economy. However, salary levels vary substantially depending upon the level of managerial responsibility, length of service, and type, size, and location of the firm. For example, a top manager in a very large corporation can earn significantly more than a counterpart in a small firm.

Median annual earnings of general and operations managers in 2002 were $68,210. The middle 50 percent earned between $45,720 and $104,970. Because the specific responsibilities of general and operations managers vary significantly within industries, earnings also tend to vary considerably. Median annual earnings in the industries employing the largest numbers of general and operations managers in 2002 were:

Management of companies and enterprises $94,600

Building equipment contractors 74,550

Depository credit intermediation 68,110

Local government 60,470

Grocery stores 44,980

Median annual earnings of chief executives in 2002 were $126,260. Median annual earnings in the industries employing the largest numbers of chief executives in 2002 were:

Management of companies and enterprises $145,600

Architectural, engineering, and related services 133,880

Depository credit intermediation 123,220

Colleges, universities, and professional schools 103,120

Local government 73,990