Tangible return for work between wealth generation and wealth management does not match. Why is it so?

Mechanical and material science contributed entirely to the modern civilisation since the early 15th century. The world can forget about nanotechnology without the equipment created by engineers.

Scientists and engineers in manufacturing become the wealth generating kingpins of industries. Despite the diversity of professions in the 21st century, engineering-based knowledge still remains the 'stem cell' of other disciplines. Engineers are wealth generators while bankers are wealth managers.

In terms of worth measured by contributions to society, scientists and engineers come first. Inspiration in manufacture spawns a whole new branch of science to benefit mankind to generate more wealth while ambition for more rewards from wealth managers sprouts more complicated investment instruments and financial products.

Famous engineers leave everlasting legacy to the world while renowned bankers leave huge legacy to their descendants.

Few people remember rich bankers while most people can tell you the names of famous engineers like Henry Ford, the Wright Brothers, Robert Bosch, Rolls-Royce (Charles S Rolls and Frederick H Royce) and Boeing (William E Boeing).

An engineers thrives on passion for his work while a banker thrives on rewards. One can spend the whole life creating the world's best and largest cruise ship like Freedom Of The Sea while the other spends his whole life managing its revenues generated. Which career would you like to pursue? Pick your choice.

Some say that without wealth generation, there is no money for wealth management. How true is that statement today?

Paul Chan Poh Hoi