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

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  #1 (permalink)  
Old 25-10-2013, 10:01 PM
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Default Why nobody want to study and do engineering? All dream to be elite investment banker?

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

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Old 26-10-2013, 12:12 AM
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Quote:
Originally Posted by wahkao View Post
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
consperm edwm-er

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Old 26-10-2013, 12:37 AM
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don't agree with what you say. If there is a lack of supply in engineering, government will bring in abundant of useless FT to fill in the "gaps". So many of them coming here with low expected pay that your salary will not went up, but it might even go down.

engineering might be more stable than banking, but so what? an investment banker in a few months can earn what an engineer earn in a year. If the banker lose his job, just find another banking job and continue to earn obscene $$.

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Old 26-10-2013, 12:45 AM
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did u even bothered to look at the supply of fresh engineers before claiming that the supply of engineers is falling?

i did a simple check from nus statistics, and the number of engine student at anyone point in time has been fluctuating btw 56xx to 58xx over the last decade. using it as a proxy, the supply of engineers are NOT falling... and with the immigration policy, it may in fact be on the rise.

the number of engineering places in uni is not a free market. it is determined by the university and perhaps with heavy influence from the govt.
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Old 26-10-2013, 05:13 AM
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cos alot of people who study engineering are not interested in engineering at all, just that they couldnt make it to the more prestigious courses.
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Old 26-10-2013, 06:47 AM
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number of jobs is one factor. there's no MA program for engineers isn't it? Only a handful. so where do these engineers go? they end up in other industries. coupled with low pay for engineers, the problem worsens. some engineering jobs have really high pay, but few available and only for experienced. what happens? low level engineers get squeezed, high level engineers getting paid better.

i'm no surpised if many of these elite investment banks have engineering degrees.
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Old 26-10-2013, 06:58 AM
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Quote:
Originally Posted by Unregistered View Post
don't agree with what you say. If there is a lack of supply in engineering, government will bring in abundant of useless FT to fill in the "gaps". .
its the same for banking and finance sector also what?


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Old 26-10-2013, 09:17 AM
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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.
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Old 26-10-2013, 09:48 AM
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cos engineers in Singapore earn half of what engineers in HK or other countries earn.
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Old 26-10-2013, 11:10 AM
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The new hot jobs are in Hawkering.

Don't laugh. You will be amazed at what they earn.
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