Oh, yes, quantitative engineers are vital to economic development and its wide-ranging processes!
However, nobody realized back in the early 1980s, that engineers would move out of tangible industries and services drove value-adding sectors of the real economy such as the constructions and productions engineering businesses and industries,
into the fast-moving and computing non-tangible sectors, which are banking, finance and asset management services economy.
Most of the engineers in the City and in other parts of the developed world have made more money in derivatives, quantitative trading, research, risk management and so on etc.
That again explains the engineers are today where the money is!
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