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Evaluating Two Career Paths for an Experienced Engineer: Consultant vs. Repair Shop

This proposal evaluates two potential career paths for an engineer with 10 years of experience and $100,000: becoming a consultant for small engineering firms or opening a vehicle repair shop in a local mall specializing in go-karts, dirt bikes, and bicycles. Researchers Brian and Evan will analyze the profitability of consulting and the financial viability of a repair shop. Data will be gathered through economic analysis and research into expenses and productivity over a 20-year timeframe, utilizing techniques from Chapter 5.

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Evaluating Two Career Paths for an Experienced Engineer: Consultant vs. Repair Shop

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  1. By: Evan Adamson & Brian Bathke Group 2 Project 2 The Proposal

  2. The Scenario • Engineer with 10 years of experience and $100,000 has 2 options. • Become a consultant for small time engineering firms. (Finds work 30% of the time for $130 dollars/hr) • Open up a vehicle repair shop in the local mall for go-karts, dirt bikes, bicycles, etc. (Will be sold in 20 years)

  3. Researchers • Brian will look into the profitability of being a small time consultant. • Evan will research the cost and profits behind opening a repair shop.

  4. Data • Data will be found through research into how productive a shop would be along with its expenses and how well an engineer can live as a consultant. • Also economic analysis will be used to analyze which over the 20 year time period will be more profitable using chapter 5 techniques.

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