Engineering is an exhausting job....mentally and sometimes physically.
You will definitely earn that wage.
Scotty is right. Times are tough right now in the technology field and economy in general. Quite a few friends I have known have been laid off and many others are looking for a career change.
It is a professional position, so as such, you are an exempt employee. That means no union to protect you and if the company does like or want you, they can lay you off with immediately.....although if it is not for "just cause", they have to pay you severance.
Severance is usually 2 wks pay for every year worked there.
"Just Cause" is for example, incompetence, lying, stealing, screwing up once too often, etc...
Of course there are many perks over and above the basic compensation.
Your own office, with a door you can close....if you're lucky.
Travel and expense account for training and company business inspections, meetings and conferences.
I have been all over North America, the Orient and also Europe over the many years I have been an Engineer.
Make sure you ask about a bonus reward system based on company and well as personal performance. 20% of my compensation is based on it.
You are also expected to work how ever many hours it takes to get the job done in the unrealistic time expectations of your Directors. No overtime pay.
Boss......What do you mean you don't have it finished yet ??!!!
Boss.....Did you go home last night ???!!!!
Boss.....Then you had time!!!!!