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Kavita, I don't know how willing you are to give out more than $50k and one year of opportunity cost, but Ph.Ds, especially those from top notch engineering schools, are the first to be interviewed and hired by investment banks. IBs are quite snobbish when it comes to hiring. It's very likely if you apply for a good MFE program, you'll end up working there.I would also say that you should have chance to get interviews. Be ready to answer questions regarding probability/stats/brain teasers/derivatives/stochastic calculus. If you find it's hard to get or do well in interviews, MFE does open door for you.
Kavita, I don't know how willing you are to give out more than $50k and one year of opportunity cost, but Ph.Ds, especially those from top notch engineering schools, are the first to be interviewed and hired by investment banks. IBs are quite snobbish when it comes to hiring. It's very likely if you apply for a good MFE program, you'll end up working there.
I would also say that you should have chance to get interviews. Be ready to answer questions regarding probability/stats/brain teasers/derivatives/stochastic calculus. If you find it's hard to get or do well in interviews, MFE does open door for you.