Electrical Engineering Major - interested in Finance
Figured I'd go ahead and do what the message told me and post an introduction.
I am 23 years old and graduated in 2012 with a B.S. in Elec. Engineering. I kind of fell immediately into the electrical side of the construction industry, and before I knew it was full time with an electrical contractor. I guess growing up if you told me this is what I would be doing, I wouldn't exactly believe you. That being said the pay was pretty good and guaranteed so I jumped on board.
I'm quickly realizing this isn't really what I want to do . That being said, in the meantime, I began to become more interested in the stock market as a side thing. I initially started just trading options, and then started into some low cap stocks. For the most part I have stayed pretty break even, mostly because I feel like I can't dedicate enough time to learning enough to continue building my trading experience. Either way, I like the action. I have always thrived in high-stress environments, and I kind of felt a small passion for learning the finance world on the whole.
Anyway, just giving my story, and perhaps some of you were engineers in the past and have some insight onto why or how you jumped careers. I would love any insights!
Best,
MP
Hello, I'm a current engineer thinking about jumping careers as well. Same as you, I'm realizing that this isn't want I want to be doing down the road.
haha so many engineers jump ships. you can try to take a master in financial engineering if you are interested in trading. further education is the only way that you can make the switch.
Example job positions for an Electrical Engineering major? (Originally Posted: 03/18/2014)
I want to do some more research into finance/trading/analyst jobs that someone with my background could potentially work in.
I have done day trading on the side of my current occupation as a design engineer, and I found that I really love the markets and analytic aspects of finance. I want to know if there are ways to bring my strong backgrounds in programming and problem-solving into this industry.
Just looking for anyone who has any input to rattle off typical job titles? I've heard from various places that finance and wall st companies look for engineers/comp sci majors being that the markets have become so largely influenced by algorithms and HFT.
A lot of firms are looking for programmers of all types. If you have a good background in the programming realm and would want to go in to that area it can be very lucrative. You won't do any of the analytic type of stuff such as valuing companies and the like, but you will be in finance and you'll get good pay too.
Thanks for the response!
Do you know what the title of the positions would be called? I.E., Junior Algorithm Programmer (Obviously this is a bit ridiculous sounding, but just trying to show you what I mean haha)
That's pretty much exactly what the job title would be. Except I've seen it to be more Junior Algorithmic Programmer instead.
Just from google searching "Trading Programming Jobs" and clicking the resultant indeed search, you can get results such as...
Trading Software Developer Trading Systems Support Specialist Quantitative Software Developer Low-Latentcy HFT Programmer High Frequency Trading Programmer High Frequency Trading Developer
The list could go on and on. But in the end you're all doing the same exact thing pretty much. Writing software that uses an algorithm for HFT.
Electrical Engineering consultant (power) looking to move into something else (Originally Posted: 12/01/2012)
Hey everyone, I'm an electrical engineering graduate from purdue university - graduated with a 2.5 but managed to find a very respectable consulting position within my desired field. Started out at 61k. It's been close to a year now and after finding out that I will most likely not be getting a raise, and that typical raises are around 3-5%, I have decided that I should pursue work in other industries that are more lucrative.
I don't know much about finance at all, and I don't know any programming, but I'm willing to spend 20 hours a week outside of work brushing up on these topics for the next year so I can start interviewing for something else.
I currently live in Chicago. Can anyone give me ideas on what to get into? I don't like programming but I'm very interested in finance or management consulting.
The grass is always greener on the other side.
What does an electrical engineering consultant do? It'd probably help people recommend a transition that's doable.
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