Move to Finance from Tech

Dec 4, 2019 21 Comments

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?

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TOP 21 Comments
  • Google jkLy05
    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.
    Dec 4, 2019 2
  • Deutsche Bank ygKw64
    Hey I'm looking to move to tech for the money. Banks suck.
    Dec 5, 2019 2
    • BlackRock XnMN37
      Same haha
      Dec 5, 2019
    • Voya / Finance
      Blind867

      Voya Finance

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      Voya Financial
      Blind867more
      Yea these 250+ entry level TCs are crazy
      Dec 6, 2019
  • D. E. Shaw & Co. WXia81
    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.
    Dec 5, 2019 1
    • Bloomberg skhU12
      But quant dev is still SDE forever...Anyway I’m also eager to jump to these good names from Bloomberg
      Dec 26, 2019
  • Bloomberg GO<GO>
    The hourly rate for IB is worse than tech at equivalent YOE. Why switch? The fact that investment bankers can still work effectively during the 80th hour of the week should show you how mindless the work is. People stop being able to write decent code after 50-60 hours in the same week.
    Dec 6, 2019 0
  • BNY Mellon mehtaad
    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.
    Dec 5, 2019 0
  • Voya / Finance
    Blind867

    Voya Finance

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    Voya Financial
    Blind867more
    You can check SDE roles at HFT firms like Citadel. They pay really well (250+ TC) and you'll get experience programming for financial applications and financial analysis, which is where the industry is moving.

    MBA could help, or a designation like CFA, but your experience could get you within finance now easily.
    Dec 6, 2019 0
  • Booz Allen Hamilton oXt88
    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.
    Dec 5, 2019 0
  • Citadel Securities KldR27
    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.
    Dec 5, 2019 0
  • Facebook FrdV78
    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
    Dec 5, 2019 0
  • Deutsche Bank CoVG74
    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.
    Dec 5, 2019 1
    • Compass HWV39
      Is DB even going to make it through the next recession. Barely able to survive now.
      Dec 5, 2019

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