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The term "Engineer-In-Training" is a professional designation from the National Council of Examiners for Engineering and Surveying (NCEES) used in the United States (and other countries) to designate a person certified by the State as having:
Once an individual has passed the exam the state board awards that person an 'Engineer-In-Training' (EIT) or an 'Engineer Intern' (EI) designation. EIT and EI are equivalent variations in nomenclature that vary from state to state. Receiving an EIT designation is one step along the path toward Professional Engineer (PE) licensure.
The term "Engineer-In-Training" is a ubiquitous misnomer as people with this designation are already engineers, just not fully licensed Professional Engineers (PE). Although they are "in training," the term is misleading in that it sounds as if it implies that they have yet to become engineers. "Engineering Intern" is also a possibly misleading term as it may imply that the engineer is still in college and is working merely in an intern position.
An Engineer-in-Training can do engineering work, such as design things, but typically requires the supervision and direction of a Professional Engineer, who are exclusively able to perform certain tasks such as stamp and seal designs and offer services to the public.
Engineers with an EIT designation are often referred to as an "E.I.T.".
In Ontario, being an EIT does not mean you are an Engineer. You can perform engineering work under the supervision of a professional engineer, but until you gain full PEng qualifications, the PEO does not allow you to call yourself an Engineer, regardless of your education. 
Lack of an EIT designation does not necessarily represent a stigma for an engineer. The inverse is more appropriate: having the EIT designation represents a level of distinction.
Having an EIT designation shows an understanding of fundamental engineering principles, as EITs have passed the Fundamentals of Engineering (FE) exam. It also expresses some level of commitment towards the engineering profession as taking and passing the 8-hour FE exam requires a level of dedication and is not something that all engineers have attempted or completed.
Many engineers do not sit for the exam as the EIT designation is not necessary to do engineering work and some engineering professions are not as concerned with professional licensure as others. Depending on the profession, having an EIT designation can either be very important or have little bearing on an engineer's career.
Each state's statutes delineate the requirements for the experience and education needed to become a PE once EIT or EI certification has been earned. The requirements vary depending on the State and the licensing board, but for most engineers the process typically includes the following steps: