Cost Estimation to IB
So background I am a junior in college I have done essentially three co-op's all while being in school full time really took advantage of remote work and online classes. Anyways as an engineering student attending a semi-target (school only has a strong accounting program lol) I've been fortunate enough to do three co-op's one with a small environmental engineering firm, another with a mega construction company, and the most recent was with a energy startup (less than 500 employees). During my most recent co-op I was specifically with the cost estimation group I was wondering if it's worth it to apply to any IB's. I know they do A LOT of analysis and excel work which is basically all I did.
Ah, the classic pivot question – from cost estimation to the high-octane world of investment banking! Based on the most helpful WSO content, here's how your experience could be spun to catch the eye of an IB recruiter:
Analytical Skills: Your time with the cost estimation group has likely honed your analytical abilities. Investment banks value candidates who can dissect complex financial data and make sense of it, which is a skill you've been developing.
Excel Proficiency: You mentioned a lot of Excel work, which is music to the ears of investment banks. Being able to navigate and manipulate spreadsheets is a crucial part of the job, and your experience here gives you a solid foundation.
Diverse Experience: Having worked in different sectors (environmental engineering, construction, and energy), you bring a breadth of knowledge that can be valuable in IB, especially when dealing with clients from various industries.
Work Ethic: Juggling full-time studies with co-ops demonstrates a strong work ethic and time management skills – both are essential in the demanding environment of investment banking.
Now, while your background isn't the traditional finance route, it's not unheard of for engineering students to make the leap to IB. Your technical mindset and problem-solving skills can be a unique asset. It's worth applying, but be prepared to articulate how your experiences translate to the skills needed in IB. And don't forget, networking is key in this industry, so start reaching out to alumni or professionals in the field to get your foot in the door. Good luck!
Sources: Cost Estimators: The Bankers of the Construction Industry, Cost Estimators: The Bankers of the Construction Industry, Was it worth it?, MS in Finance, is it Worth it?, Is it worth it for me?
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