Why nobody want to study and do engineering? All dream to be elite investment banker?

[wahkao]

Originally Posted by Unregistered

millions of engineering students from china and india every year will continue to depress engineers wages. nus/ntu engineering grads compete with this pool for run of the mill jobs. mncs have factories/research labs all over the world to arbitrage so wages converge to lowest denominator.
Top notch engineering grads with brains and creatively will continue to command a premium but this is very rare among nus/ntu grads who can solve laplace transform exam equations but cannot think out of box.

its the same for banking and finance sector also what?

Singapore doesn't appreciate its engineers as much as other developed countries do. They have a very narrow mindset. Whenever they think engineer, they just think of making HDB with bangla workers. Hence they pay them quite low here. But still not bad. Fresh local grad engineer still can earn 3-3.5k. And the progressions is quite good and stable.

But most engin grads I know of don't even do engineering. Lots of them go into teaching which pays more but requires more hours and commitment. Defence is also a higher paying route for engineers here.

Yes. Some of them do get into banking and finance companies. Mostly for their mathematical abilities more than anything. Engineers can really do a lot of things. But sadly, they're not paid well enough for what they can be best at: engineering.

wahkao....please stop acting like a fool. U think u are smart but u are not.

Originally Posted by wahkao

Why nobody want to study and do engineering? All dream to be elite investment banker?

Given law of supply and demand
When very little ppl study engineering, supply of engineering professionals go down.

When supply go down while demand is constant, price goes up so you get good salary!


Investment banker only take in cream of crop ppl from dean list, stanford, havard, oxford and Princeston. Imagine you study so hard in NTU/NUS never get dean list, go job interview kanna rejected, end up have to take the low class finance job like banking ops, sell insurance and credit card.

Even if you get into banking ops, also the same fate. You get same type of salary as engineering considering pay per hour.

Worse still, you have to worry that you kanna AXE anytime when recession comes in. Engineering is more recession proof.

Stop and think for a moment. Dont blindly chiong banking and finance.

for example OCBC's MA program, they make you do online test,sing and dance routine because they receive 1000 resumes for just 10 slots.

Bloomberg's interview got 450 apply for just 15 fresh jobs. And those arnt even elite jobs.

Why nobody wants to do Engineering anymore? All want to do investment banking. Engineering is ok mah?


Elite investment banking = high pay, high competition
Engineering = moderate pay, moderate competition