All AnswersI want to do masters in finance but I am from an engineering background. Can I get into some colleges or not?
Asked by Sushant Sinha over 3 years ago
Hey Sushant, how are you doing?
The simplest answer to your question is YES. You can definitely pursue a master in finance even with an engineering background. By the query itself, it is safe to assume you did not plan for this in advance. In this case, it is important to know some factors. For starters, the combination of engineering and finance itself is considered quality career development opportunities by experts. Engineers have analytical skills that correspond with the financial sector. This facilitates you to adapt the financial application in a much better manner. The financial employer looks for transferable abilities and an understanding of the market. With different expertise at your disposal, you become an obvious choice.
Do you also need any help in shortlisting the right universities for doing your masters? Let me know and I shall share the right resources with you.
Transitioning from engineering to finance for your master’s degree is definitely feasible and is actually quite common. Many top finance programs welcome students from non-traditional backgrounds, especially those who demonstrate strong quantitative and analytical abilities, like those developed in engineering.
To improve your candidacy, it’s important to focus on building a strong profile. This includes gaining a fundamental understanding of financial principles through MOOCs (Massive Open Online Courses) or other preparatory courses. Additionally, scoring well on the GMAT or GRE can significantly boost your application, as these tests are often used to gauge an applicant’s ability to handle the rigorous quantitative coursework found in finance programs.
Research the entry requirements of the finance programs you are interested in to ensure they accept students from an engineering background and consider reaching out to admissions counselors to discuss your unique qualifications and fit for their program. Remember, your unique perspective as an engineer can provide valuable insights in finance, particularly in areas like financial engineering, risk management, and quantitative finance.
MiM Student at Michigan Ross School of Business | Aspiring Business Leader | Passionate about Data Analytics and Strategy
Yes, you can absolutely get into a Master’s in Finance program with an engineering background! Many top universities welcome applicants from different fields, including engineering. In fact, your engineering experience can give you an advantage, as it shows strong analytical skills and a knack for problem-solving—qualities that are highly valued in finance.
Most finance programs look for a few core things: a solid understanding of math, quantitative skills, and some exposure to finance basics. While some schools may prefer students with a background in business or economics, many recognize the unique skills that engineers bring. To boost your chances, consider taking a few foundational finance or economics courses before applying. This could be through online platforms or local universities. Not only will this show your commitment, but it will also help you feel more confident when starting the program.
You should also highlight your engineering achievements in your application. Emphasize projects or experiences that showcase your analytical, data interpretation, and technical skills—qualities that translate well into finance. Schools look for diverse perspectives, so your engineering background can actually make you stand out.
For specific programs, some finance schools even have tracks for students from non-finance backgrounds. Look into schools that openly value diverse academic backgrounds, as they often have resources like introductory finance classes to help you adjust.
So yes, you’re on the right track! With a bit of preparation and a clear focus in your application, a Master’s in Finance is definitely within reach, even with an engineering degree. Just show your eagerness to learn finance and how your background can add value to the program.