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1) a trivial percentage of engineering students are heading to MIT or Stanford, and the vast majority of the rest of them will never be offered the choiceds you are positing.
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<p>I never said that a lot of people would be offered these choices. I am simply making the observation that of the top engineering students, a good fraction of them end up leaving engineering, and I am publicly wondering why that is. </p>
<p>I completely agree that the majority of engineering students will actually work as engineers. In particular, almost all of the engineering students from the no-name engineering schools will work as engineers. But again, that's not what I am talking about. I am talking about the interesting phenomenom that when you look at the very top engineering students, a significant number leave engineering, and I am wondering why it has to be that way. </p>
<p>This is actually an inversion of what you would think would normally happen. In most fields, it's the less successful and less capable people who tend to leave the field. However, in this case, it is actually the most successful and most capable people who tend to leave the field. In every other field, such a thing would be remarkable. For example, what if a significant percentage of the very top basketball players in the world - a higher percentage than that of the 'average' basketball players - voluntarily chose to leave basketball? What if a significant percentage of the very best doctors in the world voluntarily chose to leave medicine? </p>
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2) Frankly I feel sorry for all those people who study engineering for four years and then immediately abandon it. They have essentially wasted their irreplaceable undergraduate study years studying subjects they were not that interested in. IT's a tough subject to be studying for nothing.
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<p>Then that means that you're feeling sorry for a lot of the top engineers at MIT, who comprise some of the top engineering talen of the world. Like the guys who get PhD's in engineering and then immediately rush off to management consulting. What do you think about them? In fact, MIT actually has a partnership with consulting firms within the Career Services office to HELP its PhD students get jobs in consulting. </p>
<p>I wouldn't feel that sorry for these engineers who jump to consulting/banking. Obviously they can all get engineering jobs if they wanted to. They just found something better. What I really feel sorry for is the engineering industry as a whole. I feel sorry that they can't find a way to hang on to their best available human capital. You got some of the best MIT PhD engineering graduates feeling that they are better off turning down an engineering offer. That just begs the question why can't the engineering firms make better offers? If there were better opportunities in engineering, I'm sure that these guys would stay. </p>
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I believe engineering is poor training for investment banking,. or for general management. It is probably good training for "making financial calculations", as you say, but this is a low-level support activity. The best bankers I know were liberal arts majors. These individuals could look at the big picture. They could lead. They could read well and write persuasive proposals. They could think outside the box. They could put together and excel at social events that were needed for business development. Engineering training is not helpful to any of these, and it is counter to a few of them.
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<p>Hey, don't take it up with me. Take it up with the banks and consulting firms who continue to scoop up plenty of the top engineers. I guess engineering isn't THAT hurtful. </p>
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The best liberal arts majors are every bit as good quantititavely as most engineers. They just choose a more general path because they are smarter verbally, more socially oriented and not that interested in the little picture things that engineers focus on.</p>
<p>The head of my quant group at the I bank had been a social sciences major from HYP. He scored 800 on his math SATs. And his verbal SATs too, I believe. He is brilliant. The best analyst I had working for me was an anthropology major, I believe. We did a ton of quantitatively oriented work, in addition to written proposals that required superior verbal skills.
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<p>Yeah, but you've left out the elephant in the room. I'll just come right out and say it. A lot of liberal arts majors don't choose the liberal arts because they are really, as you say, "smarter verbally, more socially oriented and not that interested in the little picture things". Let's be perfectly honest here. A lot of liberal arts majors choose the liberal arts and not engineering because, quite frankly, it's easier. A lot of them just don't like working hard. In fact, at Stanford and MIT, and every single other elite engineering school, many liberal arts majors were first engineering majors but found out that it involved a lot of studying and they don't want to work that hard. Many of them figure that they ought to look for a major in which they can coast. </p>
<p>I happen to personally think this is probably the MAJOR reason why so many top engineering students are scooped up by the consultancies and banks. You take an engineering student at a top school and you know that, if nothing else, he worked hard. You can't really be sure about that about a liberal arts student. There really are a number of liberal arts majors where you can do very little work and still pass your classes, sometimes with very good grades. Hence, a liberal arts degree, even from a top school, is sadly no guarantee of a work ethic. Given the grueling hours of consulting and banking, you gotta make sure that your employees can work hard.</p>