ADVERTISEMENTs
Zoho CEO warns against Indian-American talent shift to Wall Street
High finance jobs are becoming more popular among Indian American children of engineers and tech workers, according to Vembu's observations.
Sridhar Vembu / X (Sridhar Vembu)
Zoho Corporation CEO Sridhar Vembu has raised concerns over an increasing trend of Indian-American professionals in engineering and technology shifting towards high finance jobs cautioning that such a move could have long-term negative consequences.
In a social media post, Vembu observed that "smart Indian-American children, whose parents work in engineering or tech, are moving to High Finance."
Also Read: Perplexity AI proposes to merge with Tiktok, with US government getting half, source says
Vembu expressed concerns that this trend is accelerating among younger Indian Americans. "This is not good," he stated. "We need to apply our talents to solve hard engineering and tech problems, hard urban and rural infrastructure problems, hard health care problems, and so on."
He recalled being encouraged to transition to Wall Street after earning his doctorate from Princeton in 1994 but opting instead for a lower-paying engineering role at Qualcomm. "A former engineer from Silicon Valley, who moved to a Wall Street job, tried to persuade me to join their quantitative analysis and trading team, and I instead took a lower-paying job as an engineer at Qualcomm," he noted.
Warning against an economy driven primarily by finance, Vembu cautioned that "making money on money feels easy, but a finance-driven economy would destroy society. This is ancient wisdom, and we must pay heed."
A graduate of IIT Madras and Princeton University, Vembu is recognized for his emphasis on self-reliance in technology and rural economic development. In 2021, he was awarded the Padma Shri, India’s fourth-highest civilian honor, for his contributions to technology and entrepreneurship.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
E Paper
ADVERTISEMENT
.jpg)
Video
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login