Actually, it is not bad, but really bad at this present situation in Singapore.

First of all, there are limited vacancies for "local" high calibre engineers. Becausee, most of them are still hanging on with their jobs, if not, they are being replaced by "FT" or "FW" if it can be managed by them. Ultimately, companies look at cost and bottomline.

I shared the same sentiments with most of the guys here, go for a business related course instead. It will widen your knowledge and may increase your job scope in the future.