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Aerospace engineering: worth it, or not? good colleges?

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I'm from South Dakota and I would like to major in aerospace engineering, but I'm having some doubts about it. Since the aerospace indsutry isn't so spectacular right now, I'm a little worried about the job outlook. It'll be quite a blow when I get my major and my doctorate down the road and realize that all that's left is an aging and arteriosclerotic aerospace industry. I realize that I could still find teaching positions, etc. But, I'm mostly interested in working as an engineer in the industry. What are some good colleges for aerospace? Here are my stats: ACT: 35 SAT II Math IIC: 800 SAT II Chem: 800 SAT II US History: 760 GPA: 3.975 unweighted, 4.3 weighted 8 AP classes (lowest score is 4), the rest of my classes are honors ECs: Debate/Forensics, varsity 3 years Band, percussionist, 8 years Quiz Bowl, 3 years (2 yrs as team captain) Science Bowl 350+ volunteer hours as an interactor at science center 100+ hours as lab assistant at a local college 100+ hours as a Teen Court attorney Started Spectrum, a club that promotes tolerance after a series of race-motivated incidents at school 1st place state History Day 1st place @ 4 math contests at local universities Intramural tennis I'm currently looking at MIT, Embry-Riddle (either campus), and Iowa State (close to home). Any input is appreciated!

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