Want to Get into Investment Banking or Investment Management with No Finance Degree? No problem
In Singapore’s investment banking and investment management scene, degrees of all disciplines are welcomed – though your subject knowledge will need to be proven, usually with an internship and during interviews.
Graduates holding degrees in mathematics, for instance, are sought after among banks and investment firms, as are those with backgrounds in engineering and physics. Graduates with degrees in management and business are a common sight in the industry, and the increasing rate globalisation mean that students of languages are quickly becoming favourites as well.
Because technology is incredibly vital to financial institutions all over the world, graduates with academic backgrounds and degrees in computer science or other degrees related to IT are in demand as well.
What firms look for
The dynamic nature of the global markets and the financial industry means that investment banks and investment management companies don’t just accept candidates without degrees in finance when they come by – they’re actually on the lookout for them, inviting all to apply. These companies are actually actively looking for a diverse workforce with an assortment of different academic backgrounds and degrees.
Firms that actively pursue academic diversity are Citibank and Barclays, among others. It may not easy to get into any of them and you will have to prove your worth and how your unique skills can benefit the company you’re applying to, but the experience and benefits you stand to gain more than make up for this.
If your degree isn’t in an area of numeracy such as maths or physics, you will need to demonstrate your ability with numbers during the recruitment process. Displaying industry knowledge as well as market and commercial awareness will also help your application. Moreover, if you had perhaps been a treasurer in a club or society in university, it can be taken as relevant experience.
However, to get into investment banking, an internship is vital as most financial institutions recruit graduates through internship schemes and usually bring in other candidates who had placements with comparable employers.