Anyone switch from Google to Goldman Sachs (or similar) or vice versa?
I've had a finance/management itch for a while and it seems cool/useful to do a stint at one of the major Investment Banks and/or Management Consulting Firms (Mckinsey, Bain, BCG etc). I've mostly seen folks from MC come "in house". I interviewed at Citadel which seemed cool but didn't want to move to Chicago. Thoughts? Most folks shake their head when I mention finance bc it is soul crushing? TC: 300K, L5, YoE:6
Itch(es) 1. always hearing about wealth creation in finance aka making $$$ 2. Would like to know how the "plumbing" works in global financial systems - biggest itch 3. Seems more aligned with business trends 4. I bankers seem to talk a big game
if your itch#1 $$$ is high priority, then you should look for Hedge Funds. Citadel pays good money, they have offices in NYC too. Another one is Bridge Waters in CT, they pay real good money (in Bonus), depending on your experience, and how much you are valued/contributing. If you are dreaming about making millions+ but want to stick closer to tech. side, then look into becoming a Quant, then you have potential. Otherwise, get ready to have your blood sucked for mere 200-300k TC (occasionally would get bigger bonus, but there is always an excuse about the market is not doing well, when you don't get that bonus). If your itch#2 is a high priority, you can always learn the plumbing. take a look at https://www.marketcetera.com/display/MATP/Community (came from open source; it has my code somewhere there, which I had contributed about 10 yrs ago; enough of bragging). You will find a handful of these in the open-source world. You could build your own app with G-Finance or Y-Finance data, just for the heck of it and experiment. You don't need to go and work for those WS blood suckers. For itch# 3, you have to switch your career to the business side. OR join one of the fintech guys. For itch# 4, "Bankers" are not "Techs". Not all techs in financial industry make that money. Above all, if you are a person who likes to Trade and manages own investment on the side, you will be disappointed after joining Investment Banks. They all have trade restrictions for their employees. e.g. 60-90 days holding period, can't trade stocks (GS has this policy), definitely can't trade options or futures, etc. If you are still itchy about going into the financial industry, Good luck!
Thanks, this is great. Couple more itches include rounding out a resume. Anyone make a switch to the business side (without an MBA)?
Stop watching billions
Haven't seen it but I heard it's good!
I have done systematic trading firms, hedge fund, investment banks and asset managers. It's not as good as Google. Ping me if you want to chat about how these work in engeneering. But seriously, stay at Google
I’ve done GS. tech wise they are and always will be light years behind actual engineering firms like Google. Most people at GS do not make millions. The only folks who do are client facing and bringing in revenue.
The money is great but it’s genuinely soul crushing. Be ready for 90 hour workweeks
Can u elaborate on the itch. Is it the possibility of making millions a year? Personal tie-in to finance? What sort of finance. MC seems like an outdated model according to those who are currently in it.