If you look at the WSJ article I posted just above, you'll note that engineer salaries are rising in most, if not all, branches.
According to the source the WSJ used, it looks like MBA is the place to be:
BETHLEHEM, PA—The hiring outlook is bright for Class of 2007 M.B.A.s, according to a new report from the National Association of Colleges and Employers (NACE).
Employers responding to NACE's Job Outlook 2007 survey reported plans to hire 22 percent more M.B.A. graduates from the Class of 2007 than they hired from the Class of 2006.
"Projections for M.B.A. hiring are in line with what we're seeing in the job market for new college graduates as a whole," says Marilyn Mackes, NACE executive director. "Employers reported plans to increase their college hires by more than 17 percent this year."
By sector, manufacturers have the most aggressive hiring plans. Survey results show that manufacturers expect to hire 32.4 percent more M.B.A.s in 2006-07 than they hired in 2005-06. Service employers plan a 15.4 percent increase.
By region, employers in the South, projecting an increase of approximately 59 percent in M.B.A. hiring, are planning the largest increase, closely followed by employers in the Midwest who expect to up their M.B.A. hires by about 51 percent. Projecting less dramatic hiring increases are employers in the Northeast (14.6 percent) and West (13.5 percent).
Respondents also reported salary plans for newly hired M.B.A.s. More than 40 percent said they will offer new M.B.A. hires an annual base salary of more than $75,000. However, the largest group of respondents (approximately 47 percent) indicated they will offer a base salary ranging from $50,000 to $75,000.