Quote:
Originally Posted by Unregistered
Why waste your time on engineering? Most of your peers who have the drive and ambition are all going into the Finance field already, $4k might seem a lot at first, but after 5 years you will likely be 50% behind your peers.
You can see a lot of cases here as well where engineers wasted many years in this dead end field going nowhere only to start from scratch again in the banking sector in their early 30s.
If you are still very hung up on engineering, at least join a top tier MNC, do not settle for anything less. You go into stat board or SME now your career is basically ended.
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so how much will a degree holder earn in the financial sector after 5 years assuming his starting salary is $3500. How much is the annual increment, how many % on average in the financial sector?
Assume he join
DSO at $3900, after 5 years with 1 promotion, he should be getting $5475/mth
-assume annual increment is at 5%
-assume promotion is at 10%
Assume he join a financial company at $3500, and you had mention he can make 50% more than his peer doing engineering. Means he can earn about $10000/mth in just 5 years?
So what happen?? From $3500/mth to $10000/mth in 5 years ?? Which work out to be on an annual increment of $1300 on average for 5 years??
1300 divided 3500 = means about 37% annual increment in financial sector???
Real or not?
