1. Your Income and Your Career

2. Sources of Income Wages, salaries, tips, and commissions Entrepreneurship, or business earnings Investment earnings Government payments Grants, royalties, and inheritances

3. Wages, Salaries, Tips, and Commissions Wages pay that is figured at an hourly rate Salary pay that is a fixed amount, regardless of the hours worked Tip a voluntary payment that a customer makes to an employee Commission a percentage of the total sale, paid to an employee instead of, or in addition to salary or wages

4. Entrepreneurship, or Business Earnings Entrepreneur Someone who organizes, manages, and assumes the risks of owning a business Sole proprietorship a business owned by one person Partnership a business with co-owners, in which both parties are legally joined together Corporation a business owned by a group of stockholders

5. Investment Earnings Investing committing money to stocks, bonds, or real estate in order to earn a financial return

6. Government Payments Financial aid for students Social Security Medicare Medicaid Unemployment Insurance Aid to dependent children

7. Grants, Royalties, and Inheritances Grants payments or property given to people or institutions, which do not have to be paid back Royalties a percentage of the sales in dollars paid to an author, songwriter, or inventor when copies of his her creation are sold Inheritance an amount of money, property, or an object of value, given by someone who has died

8. Choosing your career 1.Daydream 2.Make a thorough self assessment 3.Gather career information 4.Set a realistic career goal 5.Make a decision 6.Outline a plan of action

9. Research and write a short biography of a famous entrepreneur, such as Bill Gates. At least 1 typewritten page no more than 2 pages. Print legibly if written by hand. Due by next Tuesday

10. Activity (optional) Discover your personality type and ideal career. Click on Careertest.net to take a career aptitude test.Careertest.net After you complete the test, answer the following: 1.Write down your type description 2.List three careers people of your type tend to enjoy doing

11. Analyze the relationship between various careers and personal earning goals. Identify a career goal and develop a plan and timetable for achieving it, including educational / training requirements, cost and possible debts. Evaluate current advances in technology that apply to a selected occupational cluster.

12. Activity Go to Occupational Outlook HandbookOccupational Outlook Handbook Explore different aspects of occupations by clicking on the following tabs: What workers do on the job Work environment Education, training, and other qualifications needed to enter the occupation Pay Projected employment change and job prospects from 2012 to 2022 Similar occupations Contacts for more information

13. Financial Literacy Steven Pearson 13

14. Occupational Group Architecture and Engineering Name of Occupation Aerospace Engineer Picture of Occupation 14

15. What Aerospace Engineers do Aerospace engineers design aircraft, spacecraft, satellites, and missiles. In addition, they test prototypes to make sure that they function according to design. 15

16. Duties Aerospace engineers typically do the following: Direct and coordinate the design, manufacture, and testing of aircraft and aerospace products Assess proposals for projects to determine if they are technically and financially feasible Determine if proposed projects will result in safe aircraft and parts Evaluate designs to see that the products meet engineering principles, customer requirements, and environmental challenges 16

17. Work Environment and Schedule They are employed in industries where workers design or build aircraft, missiles, systems for national defense, or spacecraft. Aerospace engineers work primarily for firms that engage in analysis and design, manufacturing, research and development, and for the federal government. Aerospace engineers typically work full time. Engineers who direct projects must often work extra hours to monitor progress, to ensure that the design meets requirements, to determine how to measure aircraft performance, to see that production meets design standards, and to ensure that deadlines are met. 17

18. Education Entry-level aerospace engineers usually need a bachelor's degree. High school students interested in studying aerospace engineering should take courses in chemistry, physics, and math, including algebra, trigonometry, and calculus. Bachelor’s degree programs include classroom, laboratory, and field studies in subjects such as general engineering principles, propulsion, stability and control, structures, mechanics, and aerodynamics, which is the study of how air interacts with moving objects. 18

19. Licenses, Certifications, and Registrations Aerospace engineers are not required to be licensed at the entry level. More experienced aerospace engineers, who assume more responsibility, usually earn the Professional Engineer (PE) license. Licensure generally requires the following: A degree from an engineering program accredited by ABET A passing score on the Fundamentals of Engineering (FE) exam Relevant work experience A passing score on the Professional Engineering exam 19

20. Important Qualities Critical-thinking skills. Aerospace engineers must be able to translate a set of issues into requirements and to figure out why a particular design does not work. They must be able to ask the right question, then find an acceptable answer. Math skills. Aerospace engineers use the principles of calculus, trigonometry, and other advanced topics in math for analysis, design, and troubleshooting in their work. Writing skills. Aerospace engineers must be able to write papers that explain their designs clearly and create documentation for future reference. 20

21. Advancement Eventually, aerospace engineers may advance to become technical specialists or to supervise a team of engineers and technicians. Some may even become engineering managers or move into executive positions, such as program managers. However, preparation for assuming a managerial position usually requires serving an apprenticeship under a more experienced aerospace engineer.engineering managers 21

22. Pay The median annual wage for aerospace engineers was $103,720 in May 2012. The lowest 10 percent earned less than $65,450, and the top 10 percent earned more than $149,120. A compensation study published by Aviation Week in 2012 found that average annual pay among aerospace engineers was $71,859 at the entry level. 22

23. Job Prospects Aerospace engineers who know how to use collaborative engineering tools and processes and are familiar with modeling, simulation, and robotics should have good opportunities. Employment opportunities also should be favorable for those trained in computational fluid dynamics software, which has enabled companies to test designs in a digital environment, thereby lowering testing costs. The aging of workers in this occupation also should help to create openings in the occupation over the next decade. 23

24. Similar Occupations Industrial Engineers Industrial engineers find ways to eliminate wastefulness in production processes. Materials Engineers Materials engineers develop, process, and test materials used to create a range of products, from computer chips and aircraft wings to golf clubs and snow skis. Mechanical Engineers Mechanical engineers design, develop, build, and test mechanical and thermal devices, including tools, engines, and machines. 24

25. Contacts for more information For information about general engineering education and career resources, visit American Society for Engineering Education Technology Student Association For information about accredited engineering programs, visit ABET For information about licensure and current developments in aeronautics, visit American Institute of Aeronautics and Astronautics 25