what field to venture
 

Hi guys i am a student and willing to got to business/ finance / engineering field ( all diploma)
I am the type of person who like high pay and i dun care about work environment. Btw i am interested in aeronautical/aerospace engineering..
so does aero pay well?
Or should i just go finance field but from what i heard finance field is saturated.
Advice is needed

no matter where you go, you always start off from a low pay.

when you specialize in your field, whether is it in finance or aero, or business or manufacturing, as long as you become an expert, high pay will automatically find its way to you.

u can become a ceo or earn big bucks in aero procurement, or become the next tim cook in manufacturing, or jamie dimon of jp morgan, but if your interest does not lie in your field then you will be forever stuck in the rat race.

Some industry sectors are better than others.

If you sell fax machines, there's limited chance for you to do extremely well.

so which industry is better ( i can become a big shot and earn big bucks?)

In my opinion: law, medicine, banking and finance, oil and gas.

And if you go to US, software is a pretty good profession with a lot of upside too.

why do outdated stuffs. nowadays if you sell 999-in-one fax printer machines, or operate a Brother or Xerox, all you do is to sell to corporates at a marked up price, provide quality service, you could even earn more than those bankers while sitting around waiting for orders to come in.

you can succeed in any industry if you do well. even hawkers can drive bmw and own condos.

That's for sure. But if one wants to maximize his chances, it's best to enter an industry where the median and mean and upper quartile are all higher than other sectors.

It's easy to argue that if one is the best in any field in future, the big money will follow. But why isn't he already the best in his current field? -- if he's a student, he should already be in MIT or Harvard and getting numerous academic awards, right? Moreover, academic achievements are arguably the least dependent on luck, so if he's really good, it should already show in his academic achievements.

the one industry where the median and mean confirm higher than other sectors at the current moment is banking. Even if you do just nonsense ops work you are paid higher than other similar job in other industry. But what makes you think you can make it in? You want a job in the best paying industry obviously you must first be able to show them you got what it takes.

i get your point but it all points down to demand and supply. if he's good and there are like 99% of MIT applicants that's already good, but there have only 2% vacancy. i say he can still do well in life without that damn paper.

right now banking is higher in mean and upper quartile because they can afford to pay those salaries. demand for high quality talent is more than the supply pool.

BUT when another 2008 or 1997 recession comes, those highly-paid bankers are the first to go.

if you really want to become a big shot and earn big bugs, seriously, go specialize in one field. i haven't heard of any big shots banker, or nonsense ops worker who are big shots. I do heard of people who are committed to their cause and doing what they love.

Whatever you do, just don't be an engineer in Singapore. Unless you're the best of the best and file good patents or get tenured professorship, you're likely to end up as taxi driver after your prime years.