my fyp sup received his bachelor's degree in EE from University of Michigan ten years ago. he told me that he was the only one in his batch still doing engineering, and he himself worked in Credit Suisse for a few months but quit because he didn't like the job. Even some of the phD candidates in Cornell where he received phD degree from dropped out to work in the financial industry.

he said nowadays no one wants to work in engineering because the pay is lousy. when asked what his batchmates are doing now, the reply was "many of them are working in banks".

Mind you, University of Michigan is in the United States.