>>13929364The "engineering is oversaturated" meme is partially true. Partially.
It's true that nowadays you can't expect to simply walk away from university with a degree in engineering, apply to a few companies, give the interviewer a firm handshake and get a nice job making 100k. An engineering degree on its own won't get you anywhere. We're not in the 50s.
However, engineering jobs are still there, and some of them offer really nice prospects (good salary, benefits, career progression, et cetera). But just graduating (even if from a prestigious university) won't be enough for you. If you want to be a mechanical engineer, you must approach with seriousness the tasks of networking, acquiring multiple skills, getting good internships, acquiring experience, and such. If you get this right, you'll be okay.
The issue with engineering is that the outsourcing of manufacturing shut many doors in the faces of average engineers who would have average manufacturing jobs. The career paths left are the ones that require very qualified (at least in theory) professionals, specially when low-end engineering jobs today are typically filled by engineers from countries such as India and Pakistan, who are more willing to receive low salaries than Europeans or Americans.
tl;dr engineering is still good as long as you want to follow the 'high level' careers in the market.