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Message
Finance focused jobs with an engineering degree
Posted on 5/24/13 at 9:50 am
Posted on 5/24/13 at 9:50 am
Realistically, what opportunities are out there in finance for someone graduating with an engineering degree? Reading the thread on the pros and cons of a finance job got me curious. I am much more interested in asset management and portfolio management than I am engineering. I am strongly reconsidering my career path and feel that now is the time to do that with my graduation date in December.
4
Posted on 5/24/13 at 9:51 am to LSUTOM07
Edward Jones as a FA. Seriously. That's where I would start.
Posted on 5/24/13 at 9:58 am to LSUTOM07
Take and pass CFA level 1 and you will get a lot of interviews.
Posted on 5/24/13 at 10:01 am to LSUTOM07
Which engineering discipline are you in right now?
If EE or ME, I suspect you have the programming skills to do systems/application work for a financial/investment company. You could leverage experience like that into something you really want to do.
I had a job a few years ago where I built and validated models used to price portfolios of consumer debt. My boss was a CE by training. It's actually pretty common overseas for finance people to have engineering degrees.
If EE or ME, I suspect you have the programming skills to do systems/application work for a financial/investment company. You could leverage experience like that into something you really want to do.
I had a job a few years ago where I built and validated models used to price portfolios of consumer debt. My boss was a CE by training. It's actually pretty common overseas for finance people to have engineering degrees.
Posted on 5/24/13 at 10:07 am to TheHiddenFlask
quote:
take and pass cfa level 1
I wouldn't be able to take the exam until December and I assume I would have to wait a few weeks to receive my score. I think taking the test is a great idea but I don't think it will help me until after I have graduated.
Posted on 5/24/13 at 10:07 am to LSUTOM07
quote:
I am strongly reconsidering my career path and feel that now is the time to do that with my graduation date in December.
None of the big houses will touch you right now. If you want to make a decent living and set up a career in financial planning I would suggest you start looking for a job in industrial sales. Look for a company that sells capital equipment, not supplies. You'll be calling on the higher-ups, aka the affluent/rich folks, and you can build relationships with them.
After 5-7 years of making more than your fellow entry-level engineers you can start applying to the big brokerage houses. They'll look at your contacts/relationships rather than your degree at that point and they will teach you how to manage a portfolio properly.
Edward Jones will only teach you how to make an initial sale.
Posted on 5/24/13 at 10:08 am to ZereauxSum
quote:
Which engineering discipline are you in right now?
Civil engineering
Posted on 5/24/13 at 10:15 am to jeepfreak
Can you give an example of what you mean by Capitol equipment?
And do you think those 5-7 years would be better spent learning the industry I would like to go into rather than simply setting up an opportunity?
And do you think those 5-7 years would be better spent learning the industry I would like to go into rather than simply setting up an opportunity?
Posted on 5/24/13 at 10:15 am to LSUTOM07
quote:
Civil engineering
no wonder you hate your life
Posted on 5/24/13 at 10:18 am to barry
quote:
no wonder you hate your life
Haha I'm not to that point yet. Just after 3 internships in 3 different areas of civil engineering I'm realizing that finance is where I really want to be. I just don't know if it's realistic for me to be able to make that jump.
Posted on 5/24/13 at 10:33 am to LSUTOM07
Finish your CE and go get your MBA with a concentration in Finance. Then work your way up in an O&G or Engineering company on the business/analyst side.
Posted on 5/24/13 at 10:36 am to LSUTOM07
quote:
Haha I'm not to that point yet. Just after 3 internships in 3 different areas of civil engineering I'm realizing that finance is where I really want to be. I just don't know if it's realistic for me to be able to make that jump.
Its cool. I've worked 7 years in an O&G service company in manufacturing, R&D, and Operations. I'm in the middle of getting my MBA and finance is one of my options I'm considering.
undergrad is mechanical from LSU
This post was edited on 5/24/13 at 10:37 am
Posted on 5/24/13 at 10:42 am to Golfer
quote:
get your mba with a concetration in finance
Thats the plan no matter what field I go in to.
quote:
in o&g
I would be interested in working in the O&G field but it would be tough to do that without an outstanding GPA. I plan to give it my best shot this next semester. I think this would be the ideal option of I can get my foot in the door
Posted on 5/24/13 at 11:36 am to LSUTOM07
quote:
Can you give an example of what you mean by Capitol equipment?
Boilers, steam systems, processors, tanks, rolling stock, etc. You want to sell something that takes board/CEO/CFO approval. You don't want to make sales calls on the guy in the tool shed or the janitors' closet.
quote:
And do you think those 5-7 years would be better spent learning the industry I would like to go into rather than simply setting up an opportunity?
No. The big brokerage houses don't want to have to break any bad habits. They want people with the connections/networks to get in front of people with money. They will teach you what you need to know about the finance side and how to do things the way they want them done.
I would, however, gradually familiarize myself with the series 7 and series 66 licensing exams over the course of the 5-7 years. It will make your study time go much faster.
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