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Personal achievement is surely the best reason to do it in my opinion, bonus if you end up getting paid more ultimately.
My degree is accredited for working towards Incorporated status too, I think if work offered (Aerospace) then I'd possibly go for it.
I'd like to do my masters one day but that's only really because I enjoyed studying more than I realised at the time and it would purely be for the sake of proving to myself that I'm capable.
I almost started the process but was struggling to understand true benefits to doing so other than the feeling of a personal achievement (which in this case doesn’t do a right lot for me).
The answer is very little as far as I can tell. I've been in Electronics / Telecoms R&D for 30+ years and honestly can say I don't really see the point of it. If I was a consultant, selling my wares on the open market then maybe having more letters after my name might have some benefit; but that's about it.
I've been working in civil engineering for nearly 20 years and not yet professionally qualified. It doesn't help that every couple of years ICE change their requirements meaning previous work may no longer be valid, or different requirements are set out.
Also not helped by my experience that Chartered Engineers seem to have less of a clue about what is actually deliverable with the available resources, and consistently produce unfeasible designs. The best engineers seem to be those that are always too busy doing their jobs to chase after getting the right letters after their names!!