Zoho founder Sridhar Vembu recently took to social media to highlight a growing trend among Indian-American professionals—a shift from engineering and technology to finance. Drawing parallels with the U.S., where top talent has gravitated toward Wall Street over the years, Vembu expressed concern that this trend could weaken long-term innovation and infrastructure development.
Recalling his personal experience, Vembu shared how, in 1994, after earning a PhD from Princeton, he was encouraged to join a quantitative trading team but instead chose a lower-paying role at Qualcomm. This decision, guided by his personal values and his father’s advice, ultimately led him to found Zoho (formerly AdventNet) in 1996.
While acknowledging that finance is vital to the economy, Vembu cautioned against an overemphasis on it, stating that societies overly reliant on financial speculation often decline. He emphasized that economies driven by “making money from money” risk losing focus on real-world problem-solving in engineering, infrastructure, and healthcare.
Vembu’s remarks struck a chord with many, sparking an intense discussion online. Several users agreed that finance offers higher incentives, making technical fields less attractive despite their societal importance. Some called for better pay and support systems to encourage engineers to stay in their fields.
Others pointed out that when a nation’s top talent shifts to finance, it signals potential economic stagnation, as seen in historical declines of finance-heavy economies. Some even suggested government intervention to prevent a brain drain from innovation-driven sectors to finance.
A few users noted the volatile nature of financial markets, sharing personal experiences of shifting their focus back to manufacturing and tangible industries after market downturns.
Responding to the discussion, Vembu warned that as long as money remains infinitely expandable through credit and liabilities, finance will continue dominating—often leading to economic imbalances and, historically, even revolutions.
