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  #28 (permalink)  
Old 15-06-2010, 08:52 PM
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Default No way

Originally Posted by Unregistered View Post
Stop blaming foreigners. If foreginer influx and cheap labor and hard work was the only reason for FT import, then they would do it in all areas and not just engineering. Why would banks not hire cheap labor and make them work more ??? The fact is that Singaporeans do not produce enough number of good-enough engineers.

Look at ur research labs like A-star. I had applied there as a foreigner and the very next day they called me for an interview and offered a job. I was a fresh grad student from NUS. Ofcoz, A-star does not pay that well so I did not go for it. But, where are ur singaporean engineers. Stop blaming FTs. The truth is that singaporean engineers are not capable to earning high salaries. And those who are , go to banking n finance.

The turth is a mediocre engineer can still earn better in finance. Just bcus the salaries are slightly higher in finance sector, does not mean that people are brainier. But to succeed n earn well in engineering, u need to be smart which most local people are not.
What an angry reply...

I'll just like to state a few points here...

I was an engineering graduate and I did my internship in A-star. Life as a researcher is rather stagnant. Unlike what you mentioned, I find that A-star does pay well. Maybe one man's food is another man's poison, but the A-star starting pay is definitely above the industry average for a fresh engineering graduate.

Yes, indeed, many engineering graduates turn over to the financial sector. Why? Because if you can achieve the highest returns while utilizing the lowest resources, then your resources have been used efficiently. Although the finance sector might require long working hours, the pay increase in the starting years is rather substantial depending on performance and your contacts. In this sector, your most important resource in terms of career advancement (time) would be made use of efficiently.

Needless to say, this is also possible as an engineer, but the chances are lower. Engineering is a stable career and you will find that your bosses will be rather unwilling to leave because they are sitting in their office with a comfortable paycheck and steady job. That is why it might take many more years to jump into a technical management role as compared to the finance sector. However, I do not agree that a mediocre engineer can do just as well in the finance sector. The financial sector is a cut-throat industry, where performance is key.

I am an engineer myself, and I wouldn't consider myself very smart or very capable. I too have considered moving on to the finance sector, but it is indeed hard to change your path when you are drawing a $4300 salary (excluding bonuses) after 1.5 years of working experience. I think the catch is all about choosing the right industry to be an engineer.
No prizes for guessing which industry. =)
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