Thursday, July 3, 2008 

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How To Get A Finance Job From An Engineering Background

"It's something very personal, a very important thing. Hell! It's a family motto. Are you ready Jerry?

-Rod Tidwell, "Jerry Maguire" (1996)

"If I'm an engineering major, how can I get into finance? Show me the money!"

I find myself answering this question a lot, possibly because I'm from a non-finance background myself.

During Refinance Auto Loans For Military And Bad Credit they will ask you quantitative questions but it's crucial that you show them you have had a strong and consistent interest in finance. Have some good stories prepared, especially on personal investing and why you're particularly well-suited to be a trader.

For trading jobs the "fit" part of the interview is even more important than it is for banking. If you don't trade stocks in between classes and wake up early each morning to read financial news, gambling is a good hobby to mention. I was asked if I played video poker/online poker and other casino games when interviewing for hedge fund jobs. You want to emphasize hobbies/interests that show you can think about risk vs. reward.

No Thanks, I Really Want To Be A Banker

Full disclosure: you can do this, but the hours are going to be far worse than trading, the pay won't be much better and you'll have to do truly menial, low-value-add work. The advantage is you do have a wider variety of exit options - doing engineering and then banking sets you up very well for venture capital, for example. And the perks are nice.

As a technical person, you have several things going for you right away: no one will question your intelligence, and they probably won't ask you brain teasers or math questions. If you can get a degree in Electrical Engineering, you can do Excel calculations in your sleep. And no one will question your attention to detail (or at least not as much as if you were an English major).

What you will need to focus on in recruiting and interviewing is demonstrating your 1) interest in finance and 2) ability to handle the hours/stress of the job, which are considerably worse than those of an engineering/tech company.

A few more specific tips: when you discuss your interest in finance you need to mention tech companies if you're applying to a tech group in a bank. And don't just mention Google or Facebook. These are the most visible tech companies by far, but anyone can learn about them by reading TechCrunch or by listening to friends.

You need to show real interest in the industry, which means taking the initiative and talking about less well-known companies. Before my interviews at tech groups in banks I made a list of less well-known startups/other companies I found interesting and had a story prepared around each of them. You should do the same.

As far as the second point about handling the stress/hours, as an engineering major you should have had many extended project classes... these are all good to mention, as are any internships where you launched a product that required "crunch time" at the end.

For more on getting a finance job, see Mergers & Inquisitions, a blog dedicated to career advice for ambitious recent graduates and college students.