In 2002, electrical and electronics engineers had around 292,000 jobs and constituted the largest branch of engineering. Most of these engineers were employed in professional, scientific, and technical services firms as well as government agencies. Manufacturers of computer and electronic equipment and machinery also employed these engineers. The remaining engineers were absorbed by firms which deal in wholesale trade, communications and utilities.
Favorable employment opportunities are predicted for electrical and electronic engineers. Job opportunities which would result from retirement and transfers of existing electrical and electronic engineers are in proportion with the degree granted to these graduates and thus demand for these workers roughly equals their supply. Although the employment opportunities for electrical and electronic engineers are predicted to grow through 2012, their growth rate is slower than the growth of other occupations. Even though there is a rise in demand for electrical and electronic products (including advanced communication goods) defence-related electronic products and consumer electronics equipment, competition from abroad and increased use of electronic and electrical engineering services in foreign countries, hinder domestic employment. The growth rate of employment opportunities are predicted to be highest in the service industries which provide electronic engineering expertise.
It is imperative that electrical and electronic engineers continue their education. Those who do not keep abreast of latest advances in technology are at the risk of either loosing jobs or loosing good promotion opportunities.