Which College Engineering Degree Would Be Best for My Son to Pursue?
Deciding on a college engineering degree, particularly for someone deeply interested in petroleum engineering, can be a complex decision. The question often arises, 'Will the petroleum industry still be around in 20 years?' To answer such queries, we need to look at the past, present, and future of the petroleum industry, and understand the potential career paths available in other engineering fields.
Understanding the Petroleum Industry
Recently graduated from the University of Tulsa with a B.S. in Petroleum Engineering, I can confidently say that petroleum will continue to play a significant role in the world's energy mix. Less than 15% of electricity is generated from renewable resources, excluding ethanol from corn. This statistic underscores the continued reliance on fossil fuels, specifically oil and gas. However, the industry is cyclical, and it has faced volatility over the years.
When times are good, it's easy to forget that this may not last forever. Therefore, it's crucial for students like your son to do their research and learn about the history of the oil and gas industry before making any decision. This understanding will help him make an informed choice, ensuring he's prepared for the ups and downs of the industry.
Pros and Cons of Petroleum Engineering
As a risk-taker, I found both pros and cons in pursuing a degree in petroleum engineering. The high risk comes with potentially unstable job opportunities, and the high reward comes with the satisfaction of making significant decisions as an engineer. You get to work alongside some of the brightest minds in the industry. However, during the 2014 oil crisis, the impact was severe, with thousands of workers and senior-level positions being cut across the globe.
For instance, in Pakistan, the situation was dire. Since 2014, only a handful of petroleum and gas engineering graduates have secured jobs, while many have switched to other fields such as computer engineering or an MBA. This reflects the volatility and uncertainty in the industry, making it a high-risk path for your son.
Safe Alternatives: Software and Computer Engineering
If you prefer a more stable career path and want to avoid the ups and downs of a cyclical industry, software engineering or a bachelor's degree in computer systems engineering could be excellent alternatives. During the 2014 oil crisis, I found myself out of work due to the lack of opportunities for fresh graduates. However, my experience allowed me to pivot towards web development, a field that has seen tremendous growth and stability over the years.
Top oil and gas engineering schools such as the University of Tulsa, University of Texas at Austin, and Colorado School of Mines offer strong connections to the industry while providing versatility through adjacent fields. Attending one of these universities can give your son a safety net in case the industry experiences a downturn. Additionally, it can help him stay connected to the industry and its needs.
Future Prospects
While petroleum engineering remains relevant, emerging technologies such as renewable energy, battery storage, and alternative fuels are reshaping the energy landscape. In the long term, these fields may offer steady job opportunities and growth potential, making them viable alternatives for students interested in the energy sector.
For your son, it's essential to consider not just the present landscape but also the future trends. Education in software engineering or related fields can provide a flexible skill set that is in high demand across various industries. This flexibility can be a valuable asset as the global energy mix continues to evolve.
To conclude, while petroleum engineering offers exciting career opportunities and a deep understanding of energy, it is a high-risk, cyclical industry. Software engineering, on the other hand, provides a more stable and versatile career path. Encourage your son to explore both options, seek advice from professionals in both fields, and make an informed decision that aligns with his interests and long-term career goals.