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Work after college?

Mathman97Mathman97 Registered User Posts: 218 Junior Member
I'm planning to major in chemical engineering at UT Austin next year. This is the major that most interests me and seems to have the best prospects after school like working in engineering or working in finance. What troubles me is that even though engineering is something very interesting for me, it's not as lucrative a business as investment banking for example. Since I will be a young guy with little responsibilities coming out of school, working 100 hour weeks in investment banking and making loads of money seems like a great job to have.

Cliffs; Follow my passion in engineering after school or go into investment banking, something I have some interest in, and potentially make a lot of money.

Replies to: Work after college?

  • mommyrocksmommyrocks Registered User Posts: 1,218 Senior Member
    Many investment bankers have degrees in chemical engineering. It's the quantitative background in any field that is important, plus summers spent working in investment banking to the extent possible. Aim for some summer internships that could lead to an investment banking career, and see how well you do and if you like it. Also get some experience in engineering for comparison. Some of the top investment banking employers favor students from Ivies and MIT so expect serious competition even for the internships, and later much more so for the jobs.
  • Mathman97Mathman97 Registered User Posts: 218 Junior Member
    edited December 2014
    I've got an internship at an oil and gas engineering company this summer, will this help me at all to get an investment banking internship? @mommyrocks‌

    Also, if I get an internship at Goldman Sachs for example, would it still be difficult to get a job after school?
  • mommyrocksmommyrocks Registered User Posts: 1,218 Senior Member
    Oil and gas engineering is a huge opportunity, with potentially many more openings than investment banking. Since you have your foot in the door there, you might want to continue down that path. However, if you really want to try out investment banking, the only way to find out if you can get an internship in it is to apply. Getting a job at GS would still be competitive later, but having an internship there could help you land a job elsewhere. Why don't you consider analyzing bios of other students who've interned there, or contacting them for more information? A place to start is here: https://****/title/summer-analyst-at-goldman-sachs
  • Mathman97Mathman97 Registered User Posts: 218 Junior Member
    edited December 2014
    hmm thanks for the link! I definitely am more interested in engineering, I've heard not even oil engineering comes close to investment banking though. You really think oil and gas could give as good opportunities as i banking? @mommyrocks‌
  • mommyrocksmommyrocks Registered User Posts: 1,218 Senior Member
    edited December 2014
    I hear it's the highest paying area of engineering right now, and most in demand, but there will be limits to what you can make on a salary in any field, although beginning salaries would be very high. Investment bankers make their big money off of bonuses/commissions. To make as much money in engineering as an investment banker in the long run you might need to shift into management (aiming for C-level position) or start your own business, but there should be plenty of those opportunities also, if you really love the field and enjoy it. You could just save your money while working and invest it in your own business ventures. You are lucky that something you enjoy is in so much demand and pays well to start out. As Aristotle said: "Where your talents and the needs of the world cross, there lies your vocation." I think we need more engineers in oil and gas right now than we need investment bankers. Read J Paul Getty's book: How to Be Rich. I think you'll find your path after reading it.
  • Mathman97Mathman97 Registered User Posts: 218 Junior Member
    Wow thank you! Very helpful reply! @mommyrocks‌
This discussion has been closed.