Salary.sg Forums - View Single Post - Fresh Engineering Grad want to switch to Banking
View Single Post
  #34 (permalink)  
Old 04-06-2011, 11:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by financepil View Post
Thanks mate.Wise advie for me to consider.After completeing my Engineering degree gonna grab a engineer job first(cos it's tough to find a finance job ) mean while planning to do CFA qualification and sit for Dec exam hopefully after level 1 would seek for some finance job!!! and will continue doing level 2 & 3 !!!!!
What kind of FO jobs do u recommend for me to consider given that im a engineering grad(part time degree) good with no's/stats/maths thou!!!
To be honest, there is no straightforward answer. The best way for an engineer to break into the finance industry is via a related role i.e. IT or programming role in a bank.

If you are keen on a front office role, it may be better to try find an internship now, nevermind that the pay may be middling and that the role may be quite difficult to come by. If you do 2 to 3 years of engineering, its going to be quite difficult to get out thereafter (you will need a pay cut as your engineering experience will not be recognized) and its even harder to be an intern when you are around 30. Also, a CFA helps if you are already in the industry, but not sure how useful it is in actually getting someone into the industry (as a few friends of mine have not managed to land a role after passing all the exams).

The above is based on what I've seen, so should not be taken as gospel truth. Am sure the CFA has helped some engineers get into finance, but I just have not seen it. If anyone has done it, pls do chip in as to how you managed the transition.
Reply With Quote