“Why MBA in Finance after Engineering?” this question is inevitable in an MBA admission interview – in one form or the other!
This is a way for the panel to judge (1) the seriousness of your candidature (2) to understand your thought process behind the choice (3) your ability
Being an Engineer, you already have a couple of positives on your side –
- You’re Analytically & Mathematically good
- You’ve an appetite for hard work/stress thanks to rigorous Engineering entrance examinations IIT/AIEEE
On the negative side, you’ve zero/ beginners’ knowledge the Banking and Financial Services (BFS) industry.
So, what can you do to cover these gaps and make sure you’re Interview ready? Read Up!
1. Be clear on where you’re heading:
There’s no definitive One Answer Fits All for the question ‘Why MBA in Finance’. The answer stems from your educational background and professional experience. By getting a basic knowledge of the BFS sector, you need to figure out which vertical/role excites you.
After 2 years, you might not even end up in that role, but from an interview panel’s perspective, they are sure to favor a candidate who knows where he is heading than someone who doesn’t have a clue!
Below is a brief overview of the verticals and roles in BFS:
2.Research the Vertical/Role:
Once you narrow down to a vertical/role and mention it in an interview – be sure to be grilled by the panel over it. While you’re not expected to be an expert, you need to be able to justify your choice and have a basic understanding.
So, Do your Homework😊
3. Do a Short-Term Finance Course:
Something that will help you breeze through the first two steps above – take up a short-term course (preferably with a recognized certification) that you can complete in 30 days by spending a couple of hours every day.
The course should be able to provide you an overview of the Banking and Finance industry and help you in narrowing down on the vertical that interests you!
You can check FLIP’s Finance and Banking Fundamentals program – gives a foundation on critical finance concepts; how financial markets work and an overview of the banking business. It’s very popular and is the choice of thousands of B-School aspirants and first-year students.
4. Keep up with the latest happenings:
Stay updated on the latest happenings in the BFS sector and form an opinion or your take on topics that are of consequence. You’re expected to have a take on key occurrences and your reasoning for it.
Apart from popular newspapers and websites, subscribe to some relevant newsletters that can be of a great value addition!