I work as a analytics lead and feel my job is a dead end. I don’t have a PhD in stats and the work is pretty mundane in terms of raw analytics skill set. The best time I had before roku was a fintech company and looking to see if I can transition into a full fledged finance company focused more on banking. Yoe: 5 Tc: 235
"full fledged finance focused on banking" This sentence alone suggest you need to do more research to figure out what you want in finance first. The equivalent of this is like saying "I want to go into tech at a proper technology company focused on digital products"
I did credit finance for a couple years. Looking for more client facing roles and less back office.
Not with analytics background
There's a lot of scope for analytics in Finance. In fact highly Quantitative roles are willing to hire people with little financial services experience, but they usually ask for masters or PhD in statistics/mathematics etc. Your work experience should be able to replace it, especially in consumer banking side. Look into cred card domain.
Thanks, I got a masters in economics with minor in stats. It’s just rusty as I haven’t ran complex models in a year plus. I would like to go back to credit risk but wondering if I have to take a cut in TC. What sort of roles should I be in lookout for?
Consumer credit risk would be an easy transition. They are more analytics than Finance. Look into credit card and consumer loan analytics departments. Card department has the most ML based decision engines, so i think you could look into that. Not all teams do ML modelling, but almost all roles are somewhat associated with Quantitative analytics
Agree with the comments HFT would be a good place to start
You could try FP&A at a fintech company. Lots of need for hard data skills because of the huge and complex data. May be able to get comparable comp but I would be a little surprised if you did at an IC level though.
I am not sure if analytics role in tech can easily move to quantitative roles in Finance, the latter requires mostly on programming and math, while analytics does not quite require much in those( the programming I mentioned is not just writing Python scripts).
If you want client facing, ops finance might be good as well. Definitely not behind the desk and a lot of hustle. Amazon, chewy to name a few companies. Pay is good as well depending on your experience. FMs really pulling in $250k.
That is a very bad idea dude. I did move from tech to finance last year and I regret it instantly. Finance is shit just shit
Lol what do you do now. Elaborate further
For developers, finance is nothing but shit. Nobody cares abt the code monkeys
Remember structured products? Derivatives? Those teams still need quants who aren’t going to write c++ for bare metal like the HFT guys.
Derivatives is highly specialized domain… and the demand for vol quant is much smaller than sde or DS in tech industry
This is far from being analytics running a few SQL queries and performing a linear regression in Excel or Tableau… You’d need to know financial maths (Black-Scholes to start) and most likely code in C++ as well
Don’t - I’m here it blows
Why do banking when you can try your hand at HFT? Banks are boring
I’d disagree on wlb it’s much better than HFs and job security is also much better on average
Have any of you actually worked at a bank? And he is not talking about SWE