Opinion about the impact of future developments at undergraduate and postgraduate level of engineering education in the current adverse economic downturn can diverge widely. Thus, predicting the exact nature of the future of this education with any certainty is difficult. Certainly, the current economic situation and the consequent uncertainties in the global market are going to affect a wide spectrum of our society and thus engineering education.This paper highlights some of the challenges at undergraduate as well as postgraduate, i.e. Master's and Doctoral, engineering education. The Author believes that existing engineering education has contributed to the vast majority of technological advancements and prosperity in society. However, the material presented in this paper is a view on the role of engineering in society and an attempt to make engineering education more attractive in the future.