Yes, I did go to a lower paid job after 2001 / Tech bubble, and I've had the same job since (lower paid but stable & allowed me to get an MBA)
Ah yes, very familiar with that route.
1)Those that went to RE
OR
2)Those that went to get an MBA.
Did I mention that there is an oversupply of MBAs too?
In fact some of my associates mentioned about how moving into Product Management/Project Manager with an MBA was a far safer route that staying in engineering (and getting outsourced)….except that was only true until they ended up moving the ENTIRE product line overseas, with product managers and project overseas too. Oh the irony.