An honours engineering degree is indeed one of the toughest third level courses one can pursue. The electronics one is regarded by many as the toughest and since the dot com bubble (negative for electronics) and the celtic tiger mark 2 (positive for other sectors) as one of the worst paid of the engineering sector in Ireland.
But with a definite domestic and likely global recession underway, it might be safe enough as most electronics companies had to cut spending in the earlier part of the decade and are generally profitable and aren't carrying loads of debt. It's about as global an industry as you can get at the moment also, and sales to BRIC countries are healthy.
The move to the orient is to be watched, but I haven't noticed much in the way of new technologies from there compared to Europe and USA lately.



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