Civil engineering is a field of problem-solving that takes into account social and environmental factors. It is a team discipline that teaches its practitioners to rely on their colleagues to get the job done. This makes it an ideal background for those looking to transition into the banking sector. Engineers have been shown to be invaluable in evaluating the performance of property developers and contractors, making them ideal candidates for positions in finance.
With the advent of the digital age, banks have welcomed new technologies and embraced online banking and cashless transactions, creating even more opportunities for engineers. Civil engineers are particularly well-suited for banking due to their skills in surveying and design. They can evaluate properties better than others in terms of lending and investing, making them invaluable to banks. Furthermore, their technical knowledge is useful when examining technical documents, conducting on-site studies and analyzing industries before granting loans.
The banking sector offers excellent job opportunities to candidates from a variety of backgrounds, including engineering. Mechanical engineering graduates are particularly well-suited for this transition due to their team-oriented approach to problem-solving. Investment banking is a popular option for engineers, as it offers higher salaries than other engineering positions. Agricultural engineering graduates can also find positions in public banks, as they are well-versed in the technical aspects of the job.
Those with experience in computer science may also find success in finance, as 7.4% of computer science graduates are directly engaged in finance compared to only 1.8% of civil engineering graduates. Overall, civil engineering is an ideal background for those looking to transition into the banking sector. With its emphasis on problem-solving and team work, it provides engineers with the skills they need to succeed in finance.