Help recently graduated student
Hi,
Currently this is my last semester to graduate from a mechanical engineering program magna cum laude 3.7 GPA but I dont have any formal experience and i really dont like it.. Right now I work as a private mathematics tutor. WHat is the best way to get my feet into finance that is what i really like and adquire experience.
Seek out a financial-based internship -- unpaid or paid with businesses around where you live. Also, you could always start your own company/ business. I believe employers are looking for ambition and drive more so than experience -- experiences encompasses ambition and drive. Also, networking is key to gaining internship experience -- make sure you keep in touch with people and go to networking events. Follow up and see where things go. Let me say that again -- follow up. It's important. Very important.
Start networking with anyone and everyone you know in finance, look for any kind of internship. Go to finance club meetings at your school maybe. Use your school's job board to find stuff. Your GPA is excellent and you have good quantitative background, so that will be an advantage.
Ever tried Prop trading shop? I know multiple prop shops (depending where you are) loves to hire engineers with programming skills. Much of the time, what they hire are students that know barely anything about finance, but have tremendous mathematical and programming skills. It would be hard for you to get into IB or ER if you don't have prior experience(s), but trading could be your advantage. Wouldyou consider going to MSF? Is your school a targeted school? if so, perhaps the college career can help in your buz school, also like Guerrilla said above, and i can't agree more, networking is tremendous, not only as an activity, but as a skill.
Mcom
Get an MSF or internship. Having 0 work experience is a huge detriment.
I don't aim to work in PE or IB in wallstreet my personals goals are: Be a professor and manage a private fund turning around small business in puerto rico. Recently i found an internship dealing with making financial projection for small business required for loans transactions. Now the question Its recommend to get into a MBA degree from a non target university... Its some certification that can help me in my goal of get into finance. Willing to give banana.
Interesting. From what you're saying "Private fund turning around small business", this seems to be in the area of consulting? Given you have a mechanical engineering degree, your knowledge of finance might not be as deep as those who majored in it, therefore Masters would be a important step if you would like to get into consulting, which you can build through to Phd later as you want to be a professor. You have to understand "turning around SMALL business" is not S&T or Quants of the world, it really involves with understanding the business development, company's business model, strategic planning, fundamental financial analysis (probably dont need recap/restructuring)...etc. Most MBA program would definitely spends a great deal of time help nurturing you in those fields. In terms of B school recommendation, you can get into any top 20 B school if you score top 85~percentile of the standardized tests. A friend of mine couple months ago took the GRE and did crap in the verbal section, but scored almost perfect in the quantitative reasoning, and he was accepted to Columbia, Cornell, NYU, keep in mind he doesn't have any work experiences either. It's going to difference if you want to go to top 5 B schools I would definitely recommend 2-3 years of work experiences, as they are looking to maintain a prestige as well as managers not analysts. So your options right now would be 2 things: 1) take standardized test (GRE, GMAT...etc) and see can you get into any decent B school, 2) look for an internship or full time position that would give finance experiences, whether its corporate or sales or Investment banking, you need to get experiences under your belt that is key. Even though you're coming from a non target, try your alumni database, perhaps you can network your way into something. Remember, just because you did not major in Finance in college, don't sell yourself short, there are tons of positions today that need C++/Matlab/Java/SQL...etc technical skill, and when i was a mechanical engineer i learned a lot of that, and those really should be your selling points in what you can offer.
Thanks for yours comments have being very helpful, its worth it an 100K approximately for the MBA in an target University vs a 15K MBA/juris doctor program from University of Puerto Rico.
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