Finance

Changing Career Path from Engineering to Investment Banking

Many people have professional and personal changes in their life that result in a job shift. Transitioning to a new field can be difficult, but understanding how to showcase your present talents and obtain the necessary training will help you establish your new career.

Engineering is often regarded as one of the most difficult and demanding degree disciplines, and for a good reason. The discipline’s demands and the numerous skill sets it involves have enabled many engineering graduates successfully shift to investment banking and other financial sectors throughout the years.

Moving from engineering to finance can allow you to deal directly with clients, utilize your analytical talents in new ways, and build new professional skills. 

Let us see how engineering graduates can enter into investment banking as a career and make the most from it.

Investment banking after engineering 

Investment banking after engineering may seem an unconventional choice for graduates or working professionals, but it is not so. Various aspects of engineering can be incorporated into investment banking, hence leading to a better and more stable career prospect. 

Some ways in which an engineering degree can be useful in pursuing an investment banking career are as follows.

Digitization of banking

This is the era when the BFSI has seen a fast digital revolution. Banks rely largely on the IT industry to provide their consumers with contemporary and secure ways of expected operations. Banks have a comprehensive technical division and recruit professionals with a wide spectrum of experience from back office /front desk executives with expertise in Automation and ML to cyber fraud experts.

Challenging job environment

Banks are regarded as one of the highly complex, demanding, and lucrative professions in the business world. It offers unparalleled options to learn about various industries, get some of the finest opportunities for professional advancement, and a good salary. It provides various options for additional study paired with solid career and growth prospects. Jobs in the modern banking business are fast-paced and complex and have a commendable learning curve.

Growth and training opportunities 

Like other job seekers, engineering graduates want positions that have a structured career path for rising up the hierarchical ladder and possibilities to upskill/learn and improvise. Banks are fast to align with the nature of innovation in operating procedures and provide a contemporary framework for different growth opportunities at the team and organizational levels. Banks have been quick to adapt and upskill in various complex situations and aligned themselves to strategic demand and changes in the industry, whether we look at the Subprime crisis, COVID-19, or any other financial crisis. Banks are quick to enable the internal pool of talent to grow with various training and growth facilities.

Employee experience and creativity

Banks have reinvented their procedures, structure, and culture with a focus on workers in a fast-paced ecosystem where people are considered assets to the organization. Engineering graduates have a clear understanding of the dangers of work-related pressure and burden. However, in the banking industry, the employee satisfaction factor is on the increase in order to improve the office atmosphere, establish the efficacy of management, promote cooperation, and provide reasonable possibilities for growth, which enable employees to accomplish their self and career objectives. Banks also provide very competitive pay, stability, and a variety of additional bonuses and benefits.

Wider bouquet of services to choose from

There are several options for engineering graduates who wish to foray into their main area of college education or go on to accounting, core financial activities, or consultancy. The variety of areas to venture into and expertise provided by the financial sector enables engineers to provide value to the real world by resolving complicated business challenges. Engineers may use their critical thinking and analytical skills to offer complete, integrated banking solutions.

The opportunity to work on breakthrough products and programs

With rising technologies and game-changing innovations, banking is on the verge of a technological revolution. Engineering graduates in software, mechanical, civil, or any other area may become stagnant in their careers. However, there are now chances available in banking to work on risk management, big data, mobile banking, distributed systems, and artificial intelligence. As an engineer, you will be tackling some of the most important concerns of our day and altering finance with your strategic thinking and subject experience.

Foray into investment banking from engineering 

Investment banking is among the top five career choices of finance stream candidates. Undoubtedly, the competition in landing a great job in this segment is highly competitive. To nurture your knowledge, learn proper techniques, and upskill yourself, you need the guidance and mentorship of seasoned experts in the field. When industry experts guide you through the process of developing proper skills and techniques, you substantially increase your chances of landing a highly competitive job.

You may enter the investment banking sector by earning your MBA or CFA. These are some of the more well-known and conventional routes into banking.

There are several skill-based training companies, all of which are capable of providing good financial training. And it’s not just theoretical. It includes all the financial applications. You should obtain some value-added industry-based training here through numerous courses in investment banking, equity research, financial modeling, and much more. You may absolutely enroll in one of these courses to improve your financial abilities.

If you wish to go from engineering to investment banking, you must comprehend the differences between the two disciplines and have a strong interest in finance. Some self-examination along with financial information will aid in identifying the aim.

If you seek an MBA or another degree in finance after acquiring some job experience, you will be in a better position to understand the course content and apply it correctly towards building a career in investment banking.

The Seekho Advantage 

To better understand the sector, engineering students could begin by reading investment banking interview questions on numerous websites and seeking to join an internship or project. Various certificates might now assist you in improving your candidacy. Seekho provides over 1000 live classes given by industry experts.

By joining Seekho, you become a part of a learning community that is always there for one another. You will also receive individualized coaching through live lectures, breakout sessions, and discussion forums. Seekho Select Membership puts you in touch with the most interesting jobs and internships.

Join the Seekho Select Membership to learn Finance or download our app today to know more!

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