<p>(1) Few engineers go into IB or finance. They get a lot of publicity because they are often graduates of “elite” schools and/or engineering programs, but it is not exactly a flood.</p>
<p>(2) Not everyone who goes into engineering is passionate about engineering. For some of these people, even a modest difference in income is enough to change their careers.</p>
<p>(3) People change, and even some people who enter school with great passion can have bad experiences that push them out of engineering. And when there is a great monetary incentive, it does not always take that big a push.</p>
<p>(4) The money in IB and finance can be quite large, but only a few will ever really see that money. I compare this route to that of Olympic figure skating - the top few get millions, the rest get Ice Capades.</p>
<p>agree with point 2 totally. If you look around, alot of people get into engineering to get a relatively good paying job, not because they like engineering. </p>
<p>So when another opportunity comes along that isnt engineering but with more money, of course those people would choose one over the other.</p>
<p>Our close family friend started out as an engineer. Got his masters in it from MIT, no idea whether it was EE or another type of engineering. And he worked in the field making a good salary for a few years, but then saw that his pay opportunities were plateauing. When you’ve got that much math you can read those pay graphs really well. And you can see the pay graphs for financial services. For certain types of business and finance, a thorough knowledge of advanced mathematics is important, and few undergraduates have taken those courses or can jump right into them other than math and engineering type majors. They have that opening and opportunity that others do not have, so they take it. </p>
<p>Our friend is making more than triple what he would have been making had he not made that career change.</p>
<p>Just wondering why only EE can work and will work in banking/finance industry. How about other Engineering majors?..</p>
<p>or better yet if the money is so good or really fantastic, how come all of you…I mean all of you in this FORUM dont work in banking/finance industry?..just wondering though.</p>
<p>Obviously people here enjoy the engineering profession and are content with the pay. </p>
<p>I am sure it isn’t just EE who can get into banking/finance since engineers all learn basically the same amount of math, but that profession was just what the original question asked about.</p>
<p>I spent a year working in investment banking and made 4x my engineering salary in my first year. It was a soul-sucking experience working with some of the sleaziest people on the planet.</p>
<p>I have no respect with any bankers (investment banking, corporate and consumer banking). They all are the sleaziest people next to used-car salesman, lawyers, etc. Look at the way they run the industry…the govt has to bail them out and in reality they charge arms-and-legs for any bank fees (ATM fees, overdrawn fees, monthly fees, credit card fees, etc).</p>
<p>When I am done with my ME degree, I will work for manufacturing, oil industry, etc…I will stay away from banking industry. If I want to work in banking industry, I will not get any degree in Engineering…</p>
<p>Anchser: well, at least the oil industry has not received any bail out money, right?..or perhaps you know some things and we dont?..please enlighten me/us.</p>
<p>Anchser: are you answering my question with question?..ALSO, are you playing LOGIC game now? are you good at that game?..dont just play game; just answer my simple question: when the oil industry ever has been bailed out?..IF you can not answer that simple question then you are not in my level…anyhow, I am serious and that is I go to Engineering school not to work in banking industry.</p>
<p>barrk123: so FINE being paid by US military and bail out money from US Govt due to BK are the same things?..IF not then please let me know when the oil industry has been bailed out by the white house?</p>
<p>NeoDymium: OK, I hear you…all the big bankers have paid back all their debits. Now the question just for you is: when if someone (not you) when they want to go Engineering Grad School say EE grad school then in their essay for admissions they will say: I will pursue Master or Phd in EE because I want to work in the banking industry (investment banking) because the money is BIG?..</p>
<p>Magnetron: OK…not all banks have been spoiled but all of them still charge arms-and-legs, have you noticed that?..</p>
<p>Anyhow, to each, each own and I certainly will not work in banking industry after getting my degree in Engineering. That is just me fellas…</p>
<p>Lastly, do you know that wall-street and investment banking are the people that set the gas prices high…Spot Market and Future Market are not set by oil companies. So, who are the sleazeist people now?..just wondering though…</p>
<p>barrk123 said: No one goes to EE grad school to become an ibanker.</p>
<p>I wouls say: look at the title of this discussion and I did not start it. So, based on the discussion, I am sure there will be kids after reading this will switch or look for jobs in the banking industry where the money is super-duper big…who does not like big money? no…</p>
<p>They might become one down the line but they certainly wouldn’t go to graduate school in EE with the intention of becoming an Ibanker, that is nonsensical.</p>
<p>Are you saying this discussion does not make sense either (or nonsensical)?..let me say this again: I did not start this thread and certainly the fact is there are some bankers as mentioned above who have their degree from EE not from business school. So, logically speaking, after reading this thread, it will give idea that going to grad school in EE will give ALSO an opportunity to work in the banking industry…and I am sure some will float this idea when applying to EE grad school? no…</p>
<p>Why would they get a graduate degree in EE to go into Ibanking?
Why wouldn’t they get a MS in Finance or accounting (or just go straight in from undergrad)?</p>