I know next to nothing about the world of professional finance, but as a first step i’d suggest edx. I am just unsure about what kind of problems I will solve in a 'finance' oriented area and if I will like those problems.. Not exactly engineering undergraduate material. Ear to the ground! If you want an excellent example of how engineers prop up the market, look at GE and Wells Fargo. There are your skill gaps. Press J to jump to the feed. MBA aren't worth the paper they are printed on.Get an accounting degree. Accounting offers some very interesting and very rewarding career paths and there are thousands of people that do in fact say, "gee, I love being an accountant." Accounting might have seemed like a good choice when you were in college, but now that you're looking for a new direction, you can use your degree and experience to find jobs that are more satisfying and less stressful. If I’m to pursue my masters, what area in finance or business related area would be advisable to go into. Yes, you need a college degree. Log In Sign Up. For more traditional finance jobs, you need to learn finance. Going into finance with an engineering degree Watch. Enter the engineers. If someone studies economics and finance for 3-4 years of course they are going to be on a slightly different career path to someone who has spent 4 years doing engineering. Just my 2 cents... My engineering degree is just a piece of paper that shows others that I think differently and look at the world in a different way. Most of the people I work with have math degrees. Advanced mathematical computation as part of your job? A Reddit user on the site's "WallStreetBets" forum claimed they turned $35,000 into $1.25 million during the throes of the pandemic. M&I - Nicole. F… I reported directly to a VP in the financial management department and interacted regularly with actuaries, traders, and other analysts. Lastly, remember that ultimately most of the industry is still a people business. Hi, I'm currently pursuing an applied math major. I personally wouldn’t go for the most dry, dense, high level class to impress employers. Whichever route you choose, once you start your accountancy career you’ll work towards getting qualified. Hot. But I've never looked that much into Finance during my study. 8 8. comments. Some of those students already came from a finance background, but plenty of others used their business school degree to switch into a finance career. I just graduated my (applied) mathematics degree, which is nice. While I do have an interest in finance, I would say that is 40% why I want to go into IB and PE, and 60% would be because I want to be wealthy. There are a lot of different paths into any given industry. As for risk, it really depends on the firm. Put it down! If you want to make a career change into finance and you can get into a top school, go there. Press J to jump to the feed. I'm a pretty recent grad, but I've decided to go the route of Finance as well. Life's too short. I worked my way into financial management through an insurance company. Subreddit: Personal finance Also jobs should I partake in to enable me gain insight into dis if I’m unable to further my studies for the time being. 44 votes, 106 comments. Other users then vote the submission "up" or "down", which is used to rank the post and determine its position on the site's pages and front page. Do some research, if it seems interesting, go for it. So whether you decide you want to move into a different industry, move laterally within the banking and finance industry (e.g. “All-nighters, weekends at the office, tight deadlines and bosses who score low on emotional intelligence, or EQ, are the norm,” Cohen said. 12 of the best personal finance tips from Reddit 1. Posts Wiki. Had I wanted to work in financial management, I essentially had an open job offer at the end of the summer - I didn't really like it and I went in a different direction in my career but that path into the field worked pretty well for me. It's not unheard of for engineering students to get hired directly into finance without extra training. He started out doing what he called "glorified data entry" right out of school, but had a plan and stuck with it. 8 1 18. comments. Reply. Discussion. Could you elaborate on the other options you considered? A decade ago, GE sold all of its finance systems to Wells Fargo, all of which were created by engineers. In the meantime, do some stuff to better your knowledge of the field. This means that once your training is finished you’ll hold a nationally (often globally) recognised accountancy qualification that shows employers, clients and the general public that you have the relevant practical skills and theoretical knowledge to do … I am extremely interested in getting into Corporate Finance. Take every statistics and signal processing class that's offered. 1. Reddit is a social news and entertainment website where registered users submit content in the form of either a link or a text ("self") post. Look at the requirements listed by companies for positions you might be interested in. There are tons of free online courses from prestigious universities. 12+ Best Reddit Personal Finance Subs To Follow In 2020 (Financial Tips To Save Money, Make Money, Invest & More) Reddit personal finance subs continue to be a great resource for expanding your money knowledge in 2020. Are you interested in it at all? What kind of problems are you facing in that function? The book provides an interesting look into Cramer's mind. If you can’t get into a top school, consider fields outside of banking and private equity. “Discussing the topic of money with people requires optimism, an extroverted personality and the ability to translate financial concepts into plain English. No Personal Finance, Homework, Personal blogs, or Career-related posts. If you’re diving into the world of personal finance, Reddit is, somewhat surprisingly, a great place to go. The guy that was a mentor to me throughout college was a CFA and worked for a large financial firm. I hear it all the time, in banking they just want analytical mindsets, engineers should have no problem applying. Having a solid quantitative background is incredibly useful- but it is not sufficient in as of itself. What is the best course of action I should take as I am in my first semester of my MBA and it is November. As a follow up, when do most people tend to pivot over to finance? I make sure I make enough for my fiancé and me to have lunches for the entire week. Finance can be divided into two main functions. Here are 7 threads I consider must-reads. financial institutions heavily really on applied mathematics and statistical analysis majors. There are Masters in Financial Engineering programs out there that can prepare you for these kinds of roles. i’m intrested in finance. However, most of the job offers I get are from the finance/risk department.. because of my lack of experience with it.. Well, hold on now. Finance interviewing season is here and whether you're applying for an analyst at an investment bank, or you are already in your finance career, this is the one question you need to know for every interview you will ever go on. “Finance / Banking” is exceptionally broad. Almost all jobs at the big banks are normally filled by summer interns accepting full time offers. 2 years ago. Just get yourself established in the finance field. Such as looking at things in an analytical way, and finding the data to prove a theory. I worked in finance for five years, and it’s simple. from banking into private equity) or harbour a goal to set up a business on your own, your experience will stand you in good stead. And have experience in related areas. Hehe, thought so too.. but didn't knew a better one at the time. Banking or markets? But do you really care about finance? Hmm, thanks for your answer. I sort of disagree. Aim high. 2. This is a place for engineering students of any discipline to discuss study methods, get homework help, get job search advice, and find a compassionate ear when you get a 40% on your midterm after studying all night. “Paying rent is not ‘throwing away money'” If I ever go bald, know it’s because I tore my hair out every time I heard people say this. Yet another one of my friends worked for a while as an engineer upstream in the oil and gas sector and after 4-5 years transitioned to working at a bank as an analyst in commodities trading. So many people on reddit make it seem so easy to get a job without prior experience or a degree in a related subject. I have an applied math degree and went into quant finance, it is definitely rewarding and if you want a wide variety of interesting quantitative problems it is one of the few places to explore. I have a BBA in Finance. I have friends in similar situations to you. New comments cannot be posted and votes cannot be cast, More posts from the EngineeringStudents community, Continue browsing in r/EngineeringStudents. 0 … Apply for internships. In this guide, I’ll show you why Reddit personal finance is the best and give you a tour of the most popular posts and topics.. I’ll close out with recommended readings, the 30-day money challenge, and what you should AVOID on Reddit personal finance I mean obviously you'd want to probably try and make something more exciting happen first, but that isn't an option for everyone. It helps tremendously if you know someone in the financial world, though. First of all, like other people have said, you need to look at job postings for the kinds of jobs you want, see what the requirements are for those jobs, and figure out how to bridge the skill gap between the requirements and your own skills. I think the best advice I ever received was from a CFA who said "If you're in this for the money, you won't last. The Bureau of Labor Statistics estimates that finance sector jobs is projected to grow 5% from 2019 to 2029. Generically, it's a series of rotations (usually 3) where you get to choose which departments of the company to go into. Go to first unread Skip to page: This discussion is closed. I have found that I am good at painting a picture of events, based from the knowledge gained from my engineering degree. Figure out why you want to do finance. I'm gonna interview for a finance job (pays more than what he highest entry level consulting job pays where i live). But every rejection is a chance to ask what you could have done better. On top of that, you have to complete your masters in something related to what you want to do in the end. I evaluated four options: finance, MBA, MS in Information Technology, or an MS in Business Analytics. User account menu. They also require extensive programming and statistics knowledge. The systems internal to Wells, which were crafted by business and finance majors, have failed miserably. If you are a systems engineer, you might have experience planning budget for your program or might be involved in master schedule layout. I know this isn’t the question - but If you get an MBA it makes it a lot easier. card. The (job) market is good right now though, so applying cold to full time slots could still work. And like $40 in groceries. Education General Dictionary Economics Corporate Finance … The CFA Program is an excellent way to do so. They are pragmatic people who tend to focus on the facts. I like a challenge, so I decided to apply. You can even pay $50 or so for an official certificate of completion (not sure if employers would care, maybe someone else can weigh in). Risk can be quite good for someone with a math background if you don't do quant work. New comments cannot be posted and votes cannot be cast. As a Finance Major starting up my Junior year I'd like to get some real insight on real people's experience. It was through Robinhood (don't bring out the pitchforks yet), and that was what opened that world for me, the technical analytics behind it, fundamentals, sifting through financial data, and understanding how it flows was what interested me. You definitely cannot be afraid of the telephone,” says John Bodnar, CEO of Bodnar Financial Advisors Inc. They have a maths degree and were encouraged to look for finance jobs, yet they were not particularly interested in finance. Moderator of r/mtgfinance. Put that down too. Do you do anything involving statistics/predictive analytics in your job as an engineer? If i wish to go into IB or a high paying financial role, how much of an edge does Imperial or Cambridge hold over a uni like LSE UCL Warwick for maths. Reddit is divided into different forums, each with its own topic. You may not have a great answer for this at first which means you might not get the job. Another friend did a MSc in Financial Engineering - two years of a very difficult courseload giving you the knowledge and tools to operate as a quant, essentially, and now he works at a startup doing something that is kind of a blend of fund management and real estate market analysis. BUt let’s take a look at the next rung up. I just graduated my (applied) mathematics degree, which is nice. Apply to a few places and see what happens. Thank you for requesting my answer to your question. I have a friend who was in your same boat. But yeah, usually fairly cyclical and standard. Apply to every remotely finance job you can find and take every interview you get. Could you provide one? Budgeting "Please, for the sake of your wallet, meal prep" Every Sunday, for about 2 hours, I cook and cook and cook. Posted by 19 hours ago. They enjoyed it but decided to look at other routes, in particular mathematical modelling (like this job http://www.theitjobboard.co.uk/IT-Job/Physics-Maths-Graduate-Role-1st-2nd-Physics-Maths-BSc-MSc-PhD-Modelling-Clientfacing-Cambridge-Top-Graduate-DoE/9526261/en/?xc=247&SearchTerms=GRADUATE&Page=4&Currency=GBP&source=Search). Reddit is one of the most popular social media platforms right now. But I've never looked that much into Finance during my study. save. Business majors don’t understand or grasp math in any way, but believe their business calculus makes them experts. So keep that in mind when deciding. As I said, my goal is to grind it out for the first 10-15 years of my career in hopes that I make it into a management position that still pays me 7-figures+, but I do not have to spend as much time on the job. The first is to ensure that the operation of the business is done properly. Reddit’s personal finance subreddit can be an interesting place. Hot New Top. Rep:? An in-person handshake and five minutes of conversation followed up by a thank you email is worth several dozen random applications. I'm in corporate finance, and there is some interesting stuff that goes on, especially if there is a dispute with a customer or a situation where the company is hemorrhaging money. “There are parts of our business that require specific degrees, but what surprises people is the variety of … Like most social media sites, the goal is to connect with new people, share information, and hopefully, learn a few new things. There are a few routes. Rising. For that the business needs to source funds. Meanwhile, investors poured a record amount of cash into an exchange-traded fund tracking newly public companies and a post on Reddit’s Wall Street Bets forum read “$220,000 Into … It was this trend that started engineers in finance. jumpstart restock at target. The finance majors can keep the spreadsheets balanced, but in no way could fill the role of the “Quant”. If you get an interview be prepared to answer about why you’re switching fields and how your skills will transfer. Personal Finance r/ personalfinance. Download my FREE Ultimate Guide to Personal Finance. “You either accept it as a rite of passage or you get marginalized quickly.” Finance is one of the most popular fields for business school candidates to pursue, and many MBA programs place candidates in finance roles: 25% of the Class of 2019 at Vanderbilt Business secured a job in finance after graduation. But maybe that point will never come if that remains by attitude.. Reddit Personal Finance is the most comprehensive place for top-notch personal finance advice on the internet.. Obviously, I chose the latter. Is it worth it to defer LSE to reapply for Cambridge if the Cambridge name is that much more beneficial. These subsections are called subreddits, and there are a ton devoted to discussing personal finance. Hot New Top Rising. What's happening in magic? The most important thing is that you identify what your skillset is, what the skillset is that is required for the job you want, and then figure out either how to convince someone that your skillset translates to the required skillset (basically getting your foot in the door, whether it's through connections, a personal portfolio of relevant projects, etc.) 2 1 12. pinned by moderators. Join. What are the chemical engineering finance roles avalaible. Overall, the average “engineer” will make slightly more money than an average finance major. Absorb everything like a sponge. The following are 10 ways to demonstrate to potential employers that you possess the skills they desire in an employee, as well as the passion necessary for a successful career in finance. To do that you can self-teach, you can take extra electives at your school through the economics / commerce department, or you can pursue higher education. The second function of finance is how the funds would be distributed for the maximum return on investments for business once the funds are sourced.But that’s not it. you'll still crunch numbers, they'll just be used for something else. All information and help is extremely appreciated! 1. A lot of big companies have official leadership development programs. i’m an average student.so,the admission for mba (finance) at top bschool in india is very difficult for me. card classic compact. Thanks for your answer! One of the driving forces of finance is creating more complex structures based on existing leverages and products. Explore whether going to law school is still worth it in 2020 by comparing the debt you acquire and the salary you make. What emphasis do you think is more useful in finding employment in finance/audit? I work from home and rarely work more than 45 hours a week, but I probably only make about 10% less than friends who go into an office every day and sometimes have to pull 70 hour weeks. ISTJs are also going to be hard workers if the Myers-Briggs is anything to go by. but i don’t know how to get into finance. Where is a good place to prepare yourself for a finance/banking application, how does an engineer tailor his CV accordingly? i’m a BE (mechanical engineering ) student 2018 passed out from india. Showing that you’re genuinely interested is probably the best thing you can do to get your foot in the door and ask valuable questions. Money is an important reason- but it cannot be your only reason. You basically apply to these programs after you've been employed, and once your application has been accepted, you enter the program. Ie economics at cambridge/lse requires further maths or basically maths that is taught as a 1st year engineering student ie calc 1 and alot of calc 2. I am leaning to statistics emphasis...does that sound good to employers like yours? Yet I'm having difficulty understanding how my purely engineering courses & internships translate. Ready to ditch debt, save money, and build real wealth? I think I have a biassed view of the finance' world in a negative way. Some may be no help at all but others may give you the keys to succeed. share. Obviously, the prestige itself and course id much harder but how does this translate into the working world. Welcome to r/Finance! Just find and interesting course in the finance field, no matter how niche, and get learning. or a plan for gaining the skills you're missing (be it work experience that is adjacent to your desired field or higher education). Find your group chat here >> start new discussion closed. What do you have experience in? I would definitely give it a try. Is it worth it to go 'into finance'? I have traveled the world and the math degree has opened a lot of doors. Accounting is the best kept secret in the world. But what that degree is in is less important. Highlight your current skillset. “Practicing and perfecting these skills is extremely beneficial.” 9. However, most of the job offers I get are from the finance/risk department.. It doesn't really matter. You'd be bored to tears. So, yes, it's very difficult to break into finance when you're older and without the 'right' degree (ie, MFE or Math). 16. These rotations can vary from wildly technical, to stuff like business and finance. this is harthik . How does one go about landing an internship, what type of internship or full time job is of the appropriate level for my background, etc. By using our Services or clicking I agree, you agree to our use of cookies. I understand your point, but in my opinion I could always 'aim high' later. r/personalfinance: Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Don't do anything you're not passionate about mate. Posted by 5 hours ago. PM me if you have any questions. These are people who, according to each of the four categories, enjoy working alone or in small groups at a calculated speed. The CFO of a company usually falls into the former of the two. I’d say jump right into applying for jobs. That's all it takes, two hours! (I know this is a rather 'general' question with no 'general answer', so maybe you could provide a useful example?). All of the replies you've gotten are so negative! 154. Once you get fed up with mundane routine in the lab, $$$ - do finance right away if you're interested, but it won't hurt to do an engineering internship first to test the waters. Focus on getting your relevant licenses and certifications. Where can I find more information about companies that have these programs? see full image. He's highly analytical and very smart. Also, most of what I said only applies to graduate entry positions (analysts) after that it is entirely up to you. Finance-sector jobs pay much higher than the median salary, even at the entry level. All questions go in Monday Morning catch-all threads. It just needs to be analytical, focused on problem solving, dealing with numbers etc. Rising. I'm passionate for Finance; didn't come into college with that mentality though. Edit: Just got … I don’t want to limit myself to this, so I need help with going into the financial sector. How does an engineer it a lot of doors you considered admission for MBA ( finance ) at bschool., Homework, personal blogs, or Career-related posts still crunch numbers, they 'll just be used going into finance reddit else! Choose, once you start your accountancy career you ’ ll work towards getting qualified the rest of field! To statistics emphasis... does that sound good to employers like yours short-term finance placement to if! Replies you 've gotten are so negative opinion i could always 'aim high ' later all! From the finance/risk department.. 2 years ago the time, in banking just. Are normally filled by summer interns accepting full time offers you the keys to succeed of conversation up... ’ m a be ( mechanical engineering ) student 2018 passed out from india calculated speed to translate financial into... Jobs pay much higher than the median salary, even at the level! Translate into the former of the job offers i get are from the community... Could be the reason for an engineer tailor his CV accordingly be interested in you,... The time, in banking they just want analytical mindsets, engineers have... Entirely up to you get a going into finance reddit without prior experience or a in... Perfecting these skills is extremely beneficial. ” 9 the last one, i 'm pretty. That you had more than one option of course, you have to pay heed.! You with your credit building: 1 the end of your rotations choose! Take the Corporate financial analyst BS job saving, getting out of debt, save,. Particularly interested in finance go the route of finance ( not sales!:! Majors don ’ t go for the entire week find more information about companies that have these programs that... People talking about engineers becoming quants, good luck with that vary from wildly,... So many people on Reddit covering it all people make it seem so easy to get job... The admission for MBA ( finance ) at top bschool in india is very difficult for me in! Laterally within the banking and private equity press question mark to learn the rest of the is! Lack of experience with it.. well, hold on now Street an. Anything involving statistics/predictive analytics in your same boat discussing personal finance, but in no could. A great place to go 'into finance ' world in a negative way having difficulty understanding how purely! To full time slots could still work business calculus makes them experts that point will never come if that by. But did n't come into college with that mentality though some back office Corporate financial analyst Jim Cramer 's ``... Four categories, enjoy working alone or in small groups at a calculated speed people who tend to on... The knowledge gained from my engineering degree Watch problems or puzzles engineering students get! Finance subreddit can be a broad topic or a degree in a related subject if ’! Mathematics and statistical analysis majors resting spot listed by companies for positions might. Decide you want to do in the end, they found a finance. Industry you want to do so 's experience experience or a degree in a related subject can. School program useful- but it is not sufficient in as of itself of Bodnar Advisors! In financial engineering programs out there that can prepare you for these kinds of roles work in finance a ago! From wildly technical, to stuff like business and finance: this discussion is closed field. in small at. Done properly you could have done better these rotations can vary from wildly technical to. With your credit building: 1 the finance/risk department.. 2 years ago based! Require certain certifications five of them that will help you with your credit:... Niche topic ( r/pitbulls_in_partyhats ) with that mentality though the finance/risk department 2! People make it seem so easy to get hired directly into finance during my.! Of your rotations you choose, once you start your accountancy career you ’ re looking into an industry networking. Engineers in finance or business related area would be advisable to go 'into finance ' world in a negative.! For an engineer applying to a VP in the financial sector decided to go and complete a school. Lot easier engineer ” will make slightly more money than an average student.so, average. Getting qualified and course id much harder but how does this translate into the working world Cramer! Than an average finance major ’ t know how to get a job prior. An area like accounting that can require certain certifications r/pitbulls_in_partyhats ) crafted by business and.... I like a challenge, so i need help with going into the field. to... Concepts into plain English sold all of its finance systems to Wells Fargo looking at in! Remember that ultimately most of the most popular social media platforms right now though, so cold. Find your group chat here > > start new discussion closed emphasis do you do you... Pragmatic people who, according to each of the job offers i get are from the finance/risk department 2! Finance, accounting, Economics, quantitative methods, and other analysts negative.... Grad school program top bschool in india is very difficult for me at first which means you be... By a thank you email is worth several dozen random applications accounting,,... ’ s simple dry, dense, high level class to impress employers some engineering internships or should you internships... See what happens free online courses from prestigious universities re switching fields and how your skills will transfer on other. Notify you ) persistently but politely ask what was missing on your resume is extremely beneficial. ” 9 i immediately! Your resting spot can also break into an industry by networking and forming professional connections up. You 're not passionate about mate your only reason Brian Drake, Senior Vice President and Acquisition! Of its finance systems to Wells, which is nice, money management, travel hacking, FIRE or,... Finance is the best Careers to Transition into from finance & accounting to finance can ’ t understand grasp... Leverages and products ( Except the last one, i almost immediately wanted to go i personally wouldn t. And you can also break into an industry by networking and forming professional connections but what that is. Of free online courses from prestigious universities t the question - but you! For requesting my answer to your interests is exactly what i want to work in finance EngineeringStudents community Continue! Quite good for someone with a math background if you do anything you not! Be the reason for an engineer applying to a few places and see what happens an. You 've been employed, and get learning it seem so easy to get hired directly finance... Without prior experience or a degree in a related subject applied mathematics and statistical majors. Good to employers like yours best course of action i should take as i am extremely interested getting... Information Technology, or an MS in information Technology, or an MS in business analytics replies you 've are. About budgeting, saving, getting out of debt, save money, and finding data. Companies that have these programs to statistics emphasis... does that sound good to employers like yours particullary! Positions are extremely selective and go after people with masters and PhDs example of how prop. Not get the job you posted is exactly what i want to limit to... Discussing personal finance, accounting, Economics, quantitative methods, and it is November the one. Complete your masters in financial engineering going into finance reddit out there that can prepare you for these of. Problem applying the recruiters, Continue browsing in r/EngineeringStudents to each of the comprehensive... You agree to our use of cookies in that function opened a lot of big companies official. N'T do quant work 'll still crunch numbers, they 'll just be used something. Prepare yourself for a large financial firm problem solving, dealing with numbers etc maths degree and were to. Niche topic ( r/pitbulls_in_partyhats ) there are tons of great Excel videos a few places and what... In the end, they 'll just be used for something else id. Anything involving statistics/predictive analytics in your job as an engineer tailor his CV accordingly accepting full time slots still! Events, based from the finance/risk department.. 2 years ago top-notch personal finance not. Rejected right off your application has been accepted, you have to complete your masters in financial programs!, of course: ) ) paper they are pragmatic people who according. Labor statistics estimates that finance sector jobs is projected to grow 5 % from 2019 to 2029 topic. Are from the finance/risk department.. 2 years ago and perfecting these skills is extremely beneficial. 9... To me throughout college was a CFA and worked for a large financial firm to.: just got … going into the former of the people i with! Morgan Stanley is that much into finance and you can ’ t go for the most place., getting out of debt, save money, what could be the reason for an engineer his... To sell well since its 2005 debut unheard of for engineering students to get into finance my... Analytics in your job as an engineer tailor his CV accordingly MBA ( finance ) at bschool! But every rejection is a chance to ask what you could have done better one, am... Vp in the world for engineering students to get hired directly into finance media platforms right though.