Is it good decision as I do not have any financial experience or background ? I mean I am just tired of being a S/W Engineer and move on to a more challenging job with more pay. Serious answers only please.
Many MBA and MSF( Master of Science in Finance) programs welcome engineers because they typically have good backgrounds in mathematics. However, I would make sure you are really interested in this career field before spending another two years in school. Obviously, you will need to take courses in general business but that is usually part of the program anyhow. Also consider that it is not a given that you will make more money. BTW, I am a professor of finance.
January 2nd, 2009 at 7:01 pm
I'm in the same boat as you. I'm a mechanical engineering major thinking about switching to finance. First off, make sure that you can get a MBA in finance without first getting a BA or BS in finance because some colleges will not all this (due to credit requirements, college requirements, etc.). Secondly, it depends what type of job that you would like in the finance field. Accounting type jobs, jobs in real estate, financial advisors, and much more. Thirdly, most engineers and financial advisors jobs have the same starting salary. The need for engineers and finance related jobs are on the rise, so what I advise you to do is keep your current job and work on a degree in finance. Then your appeal to employers will greatly increase because you have degrees in the 2 of the top fields out there today and you could probably find a job that utilizes both degress (I've seen some out there) and you would be a rarety (with a engineering and finance degree and engineering experience) the salaries that you would be looking at would be stupendous. Good Luck
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January 2nd, 2009 at 7:36 pm
Many MBA and MSF( Master of Science in Finance) programs welcome engineers because they typically have good backgrounds in mathematics. However, I would make sure you are really interested in this career field before spending another two years in school. Obviously, you will need to take courses in general business but that is usually part of the program anyhow. Also consider that it is not a given that you will make more money. BTW, I am a professor of finance.
References :