Every nation is highly dependent on advance biomedical technologies, telecommunication, the Internet, drugs or aviation, et cetera. Professionals, engineers or research scientists play a major role in these developments since then. They are undeniably the people who contribute to the changing of an era.

There is today an overwhelming response of applicants for university courses on banking and finance. Instead, the number of applicants applying for engineering and science is going down.

Prospective students come to this decision most likely because of the booming financial sector now. These graduates receive higher pay packages compared to those of the other industries.

Banking and finance make only a small impact on the standard of living today compared to science and engineering. For example, a remisier or financial adviser assists an investor to make millions of dollars. They invest their money in funds and securities. This cycle keeps rolling. In what way does this contribute to improve technology to make a better world?

Compare this to engineers or research scientists. Which group makes a greater contribution that changes the world today? Do bankers deserve such income?

Teo Chet Hou