Advice on Universities (UK)
I’m currently in Year 12, working on my A-levels, and I’ve recently developed an interest in finance. However, since I’m aiming for top universities to study mechanical engineering, I feel like it’s too late to prepare for an Economics course and I lack any super-curricular activities. I’m applying to Imperial, UCL, Durham, Cambridge, and Warwick.
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Can I transition into finance with a mechanical engineering degree from Warwick or Durham? I know these universities are semi-targets, but I’m unsure if that applies only to maths or Economics degrees.
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UCL offers a mechanical engineering course with a business finance focus. Would this be beneficial for breaking into finance, or is it too far removed from the field? (Link: UCL Mechanical Engineering with Business Finance)
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Would I need additional qualifications, such as the CIMA or CFA? I’ve seen these mentioned, but I’m unclear about when or if I’m expected to pursue them.
My goal is to eventually work in investment banking, private equity, or possibly quant trading. Any advice would be greatly appreciated!
One response
It’s great that you’re exploring your options in finance! Here are some thoughts on your questions:
Transitioning into finance from Engineering: Yes, it is definitely possible to move into finance from a mechanical engineering degree, especially from universities like Warwick and Durham, which have good reputations and connections in the finance sector. Many employers in finance value analytical and problem-solving skills, both of which are developed in engineering courses. While certain roles might prefer finance-related degrees, many firms actively seek out candidates from diverse academic backgrounds. Just be prepared to explain your interest in finance and how your engineering skills would contribute to a finance role.
Mechanical Engineering with Business Finance at UCL: This course sounds like a solid option if you’re keen on combining engineering with elements of finance. It would likely provide you with a foundational understanding of business principles and finance concepts, which can be useful when applying for roles in finance. While it’s not a direct finance degree, having knowledge in business finance might give you an edge in interviews and help you network more effectively within the industry.
Extra Qualifications like CIMA or CFA: Qualifications like the CFA (Chartered Financial Analyst) or CIMA (Chartered Institute of Management Accountants) can be valuable in finance, particularly if you’re looking at investment banking (IB) or private equity (PE). However, you don’t necessarily need to have these qualifications before applying for jobs. Many graduates pursue these certifications after securing a role in finance, as many firms will support your studies. If you’re targeting quant trading, consider strong quantitative skills and programming knowledge as being more crucial, as these roles typically involve data analysis and mathematical modeling.
Overall, focus on developing your interest in finance through internships, networking, and relevant extra-curricular activities as you progress through your degree. Good luck with your application process!