Engineers can pivot to finance at new IIMs but will lose preference to BCom/CA candidates for most finance roles, per the ex-placecom AMA: "Yes, but you'll have less preference over a B.com student. Try to improve your profile with minimum CFA Level 1 certification.
" At IIM Rohtak (Rs 16L fees, Rs 18 LPA avg), engineers targeting finance need to actively demonstrate commitment - CFA L1 minimum, finance electives in year 2, and projects on valuation or financial modelling. The "resume screams finance" test is what recruiters apply. Realistic expectations: engineers with CFA L1 typically land Rs 15-20 LPA finance roles, with CFA L2 land Rs 20-25 LPA.
BCom + CFA L2 candidates land Rs 22-30 LPA roles for the same jobs. At new IIMs, the engineer-heavy batch composition means limited finance seats, so competition is high. Alternative paths for engineers: stay on consulting/gen man track where your engineering background is an asset, or switch to product management which values tech + business blend.
Rs 20-25 LPA in consulting or PM is better than Rs 15-18 LPA in forced finance. If heart is set on finance, take CFA seriously, do a finance summer internship, and expect Rs 15-20 LPA for most engineer-finance hires. For top engineers targeting IB specifically, IIM ABC (Rs 27.
5L fees, Rs 35.22 LPA avg) is a far better bet than new IIMs. Check your eligibility at collvera.