In this study, the status quo of university engineering education in the US, Germany, and France is presented. The different ways of training mechanical and aeronautical engineers are compared. Based on this, the strengths and weaknesses of their “products”, the outcoming engineers at Bachelor’s and Master’s level, are analyzed in respect to the needs in industry. After a presentation of new tendencies and concepts in engineering education in the three countries under concern, the authors outline their vision of an engineer’s training. Some of these proposals are currently under realization in the Department of Mechanical Engineering of the University of Karlsruhe and at the Grande Ecole ENSAM in Paris that jointly have pursued this broad study.