Aerospace Engineers: Boom and Bust Job Market?

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SUMMARY

The aerospace engineering industry is characterized by significant fluctuations, often described as a "boom and bust" market. According to the Bureau of Labor Statistics, aerospace engineers face potential layoffs, particularly on the Department of Defense (DoD) side, which is expected to remain down for several years. Despite current challenges, there is a future demand for aerospace engineers due to an aging workforce. Resources such as the AIAA website and its career center provide valuable information for those interested in pursuing a career in this field.

PREREQUISITES
  • Understanding of aerospace engineering principles
  • Familiarity with the Bureau of Labor Statistics data
  • Knowledge of the AIAA organization and its resources
  • Awareness of economic factors affecting job markets
NEXT STEPS
  • Research the current job market trends for aerospace engineers
  • Explore the resources available on the AIAA website
  • Investigate the impact of economic downturns on engineering sectors
  • Learn about workforce demographics and aging trends in aerospace
USEFUL FOR

Aerospace engineering students, industry professionals, career advisors, and anyone interested in understanding the dynamics of the aerospace job market.

penicydides
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I think being an aerospace engineer would be really interesting, but my dad says it's a "boom and bust" industry. The Bureau of Labor Statistics' website also says that aerospace engineers are subject to layoffs. I noticed that another user, thucydides, asked this question but no one has replied. Can anyone speak to this?
 
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Aerospace is a boom or bust proposition, but so are other sectors of the economy. Wall Street and the financial industry shed a lot of jobs with the economic downturn. Manufacturing has taken hits over the past 3 decades. Parts of the energy sector also have taken hits when the prices of oil or gas plummets.

Pick a profession in which one is interested, and do well.

If one is interested in aerospace, the check out AIAA's website - www.aiaa.org

AIAA career center - http://www.aiaa.org/content.cfm?pageid=336
 
Last edited by a moderator:
aerospace sucks or blows, it depends on which side of the engine you are on.

Now having said that, it is down, way down now, layoffs are not yet done. Remember this, the DoD side of aerospace is going to be down for a few more years, but if you can get in and hold on, the workforce is aging rapidly and you'll be in high demand.
 

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