Boeing Executive Summary

EXECUTIVE SUMMARY The aerospace industry is facing a major issue related to their aging workforce. Between the three most highly funded aerospace defense companies, nearly 50% of their workforce will be retirement eligible in the next 5-10 years. Students must be prepared to fill the void left behind by these retirees. This report intends to provide a general overview of developing trends, the most beneficial educational pathways to prepare one to enter the industry, and also where and when the projected future jobs will be. In the aspect of educational pathways, student loans and hands on experience are two valuable issues to consider. Research has indicated that ABET accredited community colleges provide a sufficient education while
This is because a majority of Boeing’s business is related to the commercial sector of the aerospace industry, accounting for roughly 60% of all funding (The US Defense, 2004). With the number of US air travelers projected to increase annually over the next 20 years, Boeing has a good chance of avoiding job-losses related to government budget cuts and may be the most reliable provider of long-term employment out of the three companies. Boeing has also outsourced their product worldwide, receiving approximately 50% of funding from domestic sources and the other 50% from international (The US Defense, 2004). This provides the ability to sustain company operation in the case that the US economic crisis further cripples the spending habits of US commercial airliners. By receiving funding from international sources, crippled US spending habits will have less of an effect on the company as a whole and may provide a more reliable long-term employment option out of the three largest aerospace defense companies. This is an enormous factor to consider if one is contemplating a career in any of these three
I ended up in a scheduling job at Boing, it was scheduling for engineering so it was somewhat related. It also allowed me to meet the people that I ended up getting my current job through. I took the job because, you know, student loans were upon me. Once I got into Boeing, it was clear I was in the right area. Essentially it took me about two years to actually obtain an engineering job.
What would you have done differently, education wise, to more easily obtain a job?
Well the master’s degree surely does not hurt. It absolutely would help you. It would help you find a job more quickly and a lot of private practices actually wouldn’t hire me because I only had a bachelors. With the way the economy took a major hit, this sort of work slowed down and there were fewer jobs. This made it so those with master’s degrees were better suited for these jobs. A lot of peers that I graduated with actually stayed in school to obtain their master’s because they couldn’t find jobs.
Did you participate in any co-ops or