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You can definitely earn a decent living working as an engineering professional. As for life science professionals, I'm not sure as this industry is just too new, but it sure is overrated based on my personal observations (pity those smart students who are on this path).
Given that Singapore is moving away from manufacturing and into services - financial, tourism, hospitality, sales - I would certainly do a services-related course if I were still a student.
That said, Singapore also supports some high tech industries - IT, electronics, etc. People with domain knowledge and relevant training are needed in areas like project management, operations, support and even sales and marketing.
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