A civil engineer-banker can evaluate properties better than others in terms of lending and investing. Engineers' input has been shown to be important in evaluating the performance of the property developer and contractor. Some subjects are also more likely to lead you to a career in finance. For example, about 7.4% of computer science graduates are directly engaged in finance.
Only 1.8% of civil engineering graduates do so. As you can see, civil engineering is all about problem solving, taking into account social and environmental factors. Researchers found that only 24% of engineers who abandoned careers in other areas to pursue finance ended up doing traditional “engineering work”, such as working on banks' IT systems. Another key point among the reasons why banking after engineering is that with the advent of the digital age, banks have welcomed new technologies and embraced the phenomenon of online banking and cashless transactions.
The banking sector offers excellent job opportunities to candidates from a variety of backgrounds, including engineering. Mechanical engineering is largely a team discipline and you are taught from an early stage that you need your colleagues to get the job done. Investment banking felt like the natural option; I had friends who had successfully transitioned to finance from engineering, and I also spoke to several Morgan Stanley people at campus events. This is a skill that civil engineers would have acquired from their courses based on surveying and design.
Last summer I completed Morgan Stanley's Investment Banking internship program in London, before returning to Belgium to finish my master's degree in Electrical Software Engineering at the University of Leuven. If you graduated from a STEM (science, technology, engineering and mathematics) subject, you may have already considered a career in finance. Over the years, the demands of the discipline and the diverse skill sets it encompasses have helped many engineering graduates successfully transition to investment banking and other areas of finance. When moving from Engineering to Finance, there are much higher paying positions, such as Chief Financial Officer, CEO, that offer higher salaries.
Banks are required to examine many technical documents, conduct on-site studies and analysis of industries before granting loans, and for such jobs, an engineer is best suited, since he understands the technical aspects of the work. Therefore, many engineering students according to their engineering branch have now begun to prepare for competitive banking exams. Students with experience in agricultural engineering can opt for this position offered at several public banks.
