Each EE lab has a few base needs, including some standard components of course. The needed components depend on the projects you want to build.
The tools however are a basic need and should be the same in each lab. Not everybody needs the same quality, brand, frequency range and go on.
I made a list based on my opinion what you really need to have, what could be nice to have and the more pricey advanced equipment
Do you think something is missing in this list? Let me know. Contact info on the About page.