Sarah, that only means the really smart engineers don't go for engineering jobs! On a related note, I've also recommended that smarts students do Computer Science in top uni's <i>but</i> go for investment banking as a career:
http://www.salary.sg/2007/smart-students-choose-investment-banking/
http://www.salary.sg/2007/students-have-you-thought-about-your-career/