With the rising popularity of investment banking, more and more engineering students are considering obtaining a degree in investment banking or finance after graduating. This article will analyze the key requirements and top programs for engineers who want to break into investment banking.
Necessary quantitative and analytical skills
As an engineering major, students already have solid quantitative and analytical abilities in areas like mathematics, statistics, programming etc. These form a strong foundation to learn advanced financial knowledge needed in investment banking.
Relevant financial coursework
Although quantitative skills are important, some relevant coursework in accounting, corporate finance, financial markets can facilitate the transition. Engineers may need to complete such preparatory coursework before applying to investment banking programs.
Work experience
Investment banks often require 1-2 years of relevant internships or work experience in fields like consulting or corporate finance. Engineers should try obtaining such experiences which display core banking competencies.
Top degree programs
Some top MSF or MFin programs well-suited for engineers include MIT Sloan, UCLA Anderson, UC Berkeley Haas etc. The curriculums, faculties, and career resources of these programs can effectively equip engineers for investment banking roles.
With proper preparation in skills, experiences and degree programs, engineers can successfully transition into promising investment banking careers.