If you are an engineer you have a much easier story to tell in banking domain because with a technical focus you will go a long way. Engineers have options available to them that others don’t because of their quantitative background. The two main categories are Trading and IT support roles. Hedge Funds and Prop trading firms and sales trading @ large banks are an highly paid ones. IT support includes the part of operations, risk mid office and back office.
Engineers having a demonstrated interest in finance is still critical as you are good in math and banking is all about having your numbers right. Analysis of risk parameters and working on risk models is where engineers have been preferred. Statistics and analysis holds a key role in the present day banking. NBFC’s also prefer engineering candidates for risk analysis.
(checkout our post on Why Banking after Engineering)
It has been observed that banks are now having their own infrastructural teams wherein civil, electrical engineers are being preferred in the team. Though the number may not be very high now but will see a considerable growth.
Though the engineering roles in banks are more in back office there may be some constraints for the ones wanting to change to a more glamorous front office job. For a front office job at the very minimum you need to know the fundamental accounting and valuation of the banks financial statements.
My experience nearing two decades says that engineers with a financial inclination have a bright and rocking future in the banking sector .