<p>I haven’t heard of this happening. Promoters of certain work visa (ie: H-1B) like to promote the view that “Wall Street” firms are sucking up talented engineers and using them as financial analysts or “quants”, but actual evidence on the ground, of this happening in any significant numbers with ungrads is scant. Makes for good press though.</p>
<p>Of course, some undergrads, in software engineering/computer/electrical, may receive offers to join financial firms as software developers. </p>
<p>The post-graduation surveys always show a few people from the engineering programs joining financial firms directly. So it does happen. But I suppose there are people who graduate to exotic dancer jobs from engineering school as well, given the high rates of unemployment endemic to engineering and science programs in general.</p>