Hey Guys, So I started working in Amazon 2.5 years ago (first job, 2017 grad). While I like tech and got promoted fairly quickly etc., I don't want to remain an SDE forever. I have always liked Economics, but did not know much about the subject. Recently, I have started reading some business/finance related books, found them interesting, and want to explore Finance. Of course, its also about more $$$ and potential long term growth. What are my options to switch careers? Should I go for an MBA? If yes, do people from tech stand a chance to get to a good Business school? How will I justify the switch?
Getting into PE will be extremely difficult, read a lot of posts on WSO and you’ll see. Basically your only chance would be if you go to an M7 school for MBA, and then manage to recruit for IB or directly into PE
I was tech from 1991 till 2003 after dot com burst I moved into finance After doing Master of finance and CFA. I walked in finance industry for six years got laid off then move back to Technology job since then I always had a good job and good money better than what I use to earn. You can earn good money only at few financial firm Example citadel, state street. This from Bhupesh very well for Technology expert guy, Why don’t you try job in these firms.
Being a quant dev is another option. No need for MBA or economics, work is interesting, may be able to get exposure to P&L if ambitious and smart enough. Lots of good names out there for that: Jump, HRT, PDT, desco, 2sigma, Tower, etc.
But quant dev is still SDE forever...Anyway I’m also eager to jump to these good names from Bloomberg
As an MBA you will most likely not be able to make it to PE without prior banking experience. Most of the PE guys start as IB analysts. So you will most likely get into IB in case you are not going for Corp fin. Also note that unless you are going to be a career banker you will end up in an FP&A job after a few years of banking experience, which will pay you the same as what you are getting paid. In short your motivation to get into finance shouldn’t be the money but more about your interest in finance and the fact you want to do an MBA.
Is DB even going to make it through the next recession. Barely able to survive now.
meh dont do it for the money, i graduated with economics degree with focus in finance, its soooo depressing, main goal is always whichever contributes to high revenue or low cost. so happy i got into tech.
You could go into fintech, learn the finance side while contributing on the tech side, then switch over. That way you can continue to get paid while making the transition. MBA may or may not be useful depending on the role you're seeking. What about finance interests you? What field in finance? Real estate? The stock market? Insurance? What do you want to do within the field? Crunch numbers? Help people build business? Build financial software? Some things to think about.
Hey I'm looking to move to tech for the money. Banks suck.
From what I've heard, many finance companies are hiring tech talent to do finance work because of the mindset. Nevertheless, don't go into a job for the sake of money. Money always comes and goes. It's nice to have more, but it's much better to enjoy the job you do.
Do people from tech stand a chance getting into a top MBA? Hell yes! I was one of the few engineers in my Wharton MBA class. And I recently looked at the demographics and it's still sub 15%. What story to tell? I want to be a CEO someday. I first will combine my engineering knowledge with my MBA learnings to join Google as product manager, etc. Should you? Really depends. Road to PE could be IB or consulting, but it's not easy.
Tech Industry
7h
397
The new Tesla Model 3 P goes from 0-60 in 2.9 seconds
Tech Industry
5h
1374
TESLA UP 14% AFTER HOURS 🎉🎉🎉🎉
Personal Finance
Yesterday
1459
Are we ready to buy our forever home?
Ask Blinders
Yesterday
1586
Top red flags in guy to see before saying yes to marriage (arranged)
HR Issues
Yesterday
1621
My boss found out I’m Jewish 😱 what do I do.
It's about money? Really? There are few career options in finance that pays better than tech. IB is probably one of the few choices. Post your question on wso and see what they say.
Yeah, IB and PE is what I had in mind, apart from that the money is about the same, I guess. Also, amateur question, but what's wso? :o
https://www.wallstreetoasis.com/salary/investment-banking-compensation