How do I change from engineering to finance?

Changing from Engineering to <a href="">Finance</a> – Tips and Tricks

How to Change from Engineering to Finance: Tips and Tricks


If you’re currently an engineer looking to switch to a finance career, the good news is that many of your existing skills will be transferable to the finance sector. The transition may not be easy, but it is certainly possible with the right approach. In this article, we’ll provide tips and tricks on how to change from engineering to finance.

Frequently Asked Questions

Q: What are the benefits of changing from engineering to finance?

A: There are various benefits associated with changing to finance including high salaries, opportunities to work in different sectors, and job security. Finance careers are known for their high pay and with continued education, you can further enhance your skills and income. Given that finance roles are present across different sectors, this also provides the opportunity to switch sectors or positions easily.

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Q: What are the first steps to switch from engineering to finance?

A: The first steps would be to assess your experience, take advantage of educational opportunities and get relevant experience. Additionally, networking is crucial. This may involve a significant investment of time, but it’s worth it for anyone serious about making this switch.

Q: Is a finance degree necessary for a career in finance?

A: Not necessarily, but having a degree will give you an advantage and it’s helpful to have a foundation in economics and finance. However, other relevant fields such as engineering or mathematics can also be helpful in making the transition.

Tips and Tricks on How to Change from Engineering to Finance

1. Consider working in the finance department of your current company

Working in Finance Department

If you are happy with your current employer, you can consider moving within the company to its finance department. This will provide opportunities to gain relevant experience and skills while avoiding the turbulence of joining a new company. While you may need to start at a lower level, you’ll be able to learn more about the financial industry by working close to those who are already experts in the field.

2. Consider working as an engineer for a finance company

Working as an Engineer in a Finance Company

Working for a finance company as an engineer can be a good way to gain exposure to the financial industry. In addition, the knowledge and skills that you bring to the finance company from your experience in engineering can be an asset to the company. Some sectors, such as fintech for example, are characterized by overlap between engineering and finance. Hence, Engineering skills can be an advantage in these kinds of companies.

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3. Prioritize roles that handle data

Data Handling

Data science and analysis roles are in high demand, and companies are on the hunt for individuals with specific data-related skills. Considering that engineers are data-driven professionals, their skills will be very useful in such roles. Therefore, prioritizing jobs in finance that handle data is wise. This is especially important since data literacy is becoming more essential in the finance sector.

4. Consider continued education

Continuous learning is essential for career-oriented individuals who are serious about adding value to themselves. For career switchers, continued education can be the answer to filling knowledge gaps and gaining essential finance-specific credentials. By investing in further education, employers will know you are committed to changing fields and acquiring additional financial experience. Seeking out certifications or diplomas in finance will not only enhance your knowledge but also provide you with marketable qualifications. Pursuing finance-related courses could also help you network with other people in the financial industry.

5. Acquire relevant experience

Another important aspect of changing fields is acquiring relevant experience. Experience is most likely the critical factor that prospective employers will consider when hiring. While your engineering experience is undoubtedly valuable, it might not hold much weight when it comes to showing that you will be an excellent performer in a finance role. Hence, additional hands-on experience (such as internships or entry-level roles) might be necessary. Volunteering or taking on finance projects can also be an additional way to gain relevant experience.

6. Network using groups and events

Marketing yourself and your skills to the finance world is essential when making this dramatic career switch. Networking is critical, and connecting with other people who work in finance can help you learn from them and build useful relationships. Networking can involve joining finance groups or attending finance-related events. LinkedIn is a useful network to take advantage of, and you can display your professional profile and expertise in a finance field there. You can also offer your expertise on LinkedIn forums or Facebook groups or other forums where like-minded people gather to discuss finance topics. Doing so can increase your visibility and show you’re a motivated, committed individual.

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Changing fields, in particular from engineering to finance is a significant challenge, but with the appropriate preparation, the transition can prove to be beneficial for your career. By prioritizing roles that handle data, gaining exposure through working in the finance department of your current company or a finance firm, acquiring relevant experience, considering continued education, and networking through groups and events, you can achieve success in your quest to change careers.

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