The other side of my previous post is this...why do investment banks want to hire engineers?
One reason could be that the BSc/BA mathematics courses that colleges offer do not prepare students for such a career whereas IITs do and the BA economics or BCom courses are not quantitative enough.
Then why don't Universities change their Math/quant courses to suit this demand?
3 comments:
A simple belief, that IIT/IIm graduates are above average and will be able to pick up whatever is needed for the job, whereas they don't have any such belief for BSc students. There is no other reason...
This belief is true in many cases. The average BTech from an IIT is much smarter than an average BSc/BA from an university affiliated college. There are exceptions both sides.
However, the point is, the extremely smart IITian would not be allowed to join a team of neurosurgeons,for example. My point is why do investment bankers not recruit people with some basic training in their field rather than just a person who is smart and can do math.
Let me think...Few options come into mind.
The job of neurosurgeon needs years of special training in biology, medicine and human anatomy. After training, he/she again needs years of practice. I believe an IIT graduate can do it if he/she has a patience to go through such training and if system is open for admission. In US, it is possible for anyone to go for medical school if he/she can pass basic courses and entrance exam even after spending years in another field. In India such openness still doesn't exist. To be an investment banker, one needs training in basic mathematics (such as statistics, financial banking) and smart and sharp mind which is much shorter and easier route if one is looking for financial rewards in a career. and I guess this is the reason, IIT graduates go for banking after being trained for being an engineers for 4-5 years.
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