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Unfortunately management styles only seem to become worse with time. MBA ought to stand for "Mindless But Arrogant".
I briefly worked in the area of my undergraduate degree, biomedical physics, but purposely went back to earn a PhD in mathematical physics to better insulate myself from the idiocy of the Fortune 500 type executives. The work wasn't too bad I suppose, but it definitely didn't look as future proof as something in academia or at a national laboratory.
I'm currently working on problems in geophysical inverse theory and enjoy it immensely; the pay is decent, I get to work on problems that are more intellectually interesting, and most importantly, funding for my work has been relatively easy to attain.
I wouldn't go into engineering right now for anything. Far too easy to outsource and half decent engineers are a dime a dozen not only here, but in India and China as well.
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