Did you just receive your engineering degree? Not sure what to do next? For individuals who want to change professions, be assured that this is a common path that many students take. One industry where this switch is very common in banking. There are few jobs in the engineering sector but plentiful in the banking sector. Many individuals from other fields have also been drawn to the industry by its stability and growth rate. The industry has seen a rise in the number of interested candidates, which has increased competitiveness and raised the standard of exams.
Although engineering and banking may often seem to have nothing in common, there is a reason why engineers are drawn to a job in the banking and financial services industry. What, therefore, draws engineers to the banking industry?
ATMs, Internet banking, mobile banking, and credit/debit card management are all divisions that require engineers as the banking industry moves through a transitional period. The ability to quickly understand how to use software is an engineer's key skill in the banking sector. It is a requirement that engineers have excellent mathematical and analytical abilities. With their technical abilities and in-depth knowledge of the banks, they give a boost to the workforce, but that isn't all they do. Here are the top 4 reasons why banking is an ideal switch after engineering.
Job stability is important while beginning a career in any industry. Having stable work is essential in today's world, as nations are experiencing variable growth. Government employment in the banking industry also receives several benefits and compensations, including lower-interest loans, gratuities, and housing, in addition to increased financial stability and security.
The fact that banks have accepted new technology and welcomed the phenomena of online banking and cashless transactions with the dawn of the digital age is another reason to do banking after engineering. Engineers in any area, including software, mechanical, civil, or others, can work in banks. There are now chances in banking to work on risk management, big data, mobile banking, distributed systems, and artificial intelligence. With strategic thinking and subject-matter knowledge, an engineer will be able to alter finance while addressing some of the most serious problems of our day. So, choosing banking after engineering can help one learn how banks are utilising digital technology with ease and have a successful career in the field.
Engineers can benefit from structured training opportunities that assist their career roadmaps by working in reputable banks with strong work cultures and learning and development programmes. All types of banks are aware of the significant changes that the industry has seen recently and have developed experiential workplace training programs to assist their workers in staying up to speed with emerging trends and technologies.
Jobs with a clear growth trajectory and chances for upgrading and upskilling are sought after by aspirants. Banks offer a modern framework for a variety of career growth opportunities at the team and company levels, and they are quick to adapt to the changing work environment and culture. Banks have also learned to analyse talent requirements and make it possible to match people to new roles.
Over the past few years, the banking industry has played a significant role in helping the country's youth find employment. For engineers, banking has become an appealing career choice due to the quick digitisation of banks and the tremendous opportunities in the financial services sector.
A career in banking offers countless options in a variety of fields, including those as an investment banker, probationary officer, budget analyst, and financial analyst. Engineering graduates are starting to change their careers and develop competence in banking and finance, giving them a chance to participate in and contribute to the economic development of the nation.
