Meanwhile, more than half of the 3.7 million people in the country who hold engineering degrees have found a welcome in nonscientific arenas such as investment banking and consulting, prompting many experts to call engineering the new liberal arts degree.
"I like technology and working with numbers, but at the same time I'm a people person," says Lisa Thompson, who graduated in May 2012 with a master's in biomedical engineering from Washington University in St. Louis and took a job as a consultant with a Chicago company. Thompson's first project involves helping an insurance firm on technology alignment and process improvement.
She says her company so values people with technical training who can work collaboratively that it plans to keep adding engineers until they represent 70 percent of the technology consultants.
This story is excerpted from the U.S. News Best Graduate Schools 2014 guidebook, which features in-depth articles, rankings, and data.