Tech IndustryJul 17, 2020

Need Guidance/Mentoring - Transition from Finance (Tech) to FAANG/similar firm

Working in Tech Architecture & Strategy at a global financial services company. Graduated with Distinction from Cornell, Masters in Comp Sci. I have been working with Credit Suisse NY for 9 years now, and did not consider moving as I liked my team, manager, WLB and my role. Currently working as an individual contributor, but have managed a small team before (I am a VP, managed few AVPs and Analysts). Only recently realized (less than a year back) that my total comp (~$175K) is ridiculously low when compared to FAANG/ tech firms (thanks blind/levelsfyi). Some of it is due to staying in the same team for 7+ years, but I know many friends/peers in other financial services organizations who are in the same ball park as me (~200K total comp for VP). I have received calls from several banking/consulting (Big 4) firms, but their comp was is in the same range as mine. I am therefore thinking of moving industries, and going to core tech. I would be lying if $$ was not the primary motivator, but also realized that financial services is ever shrinking - constant cost cutting, stock price is continuously declining or stagnant, 80%+ funding is for regulatory projects that have very little to do with business and tech innovation, legacy tech stack. I am not sure how to even begin this transition. I am not a developer, and have not coded in 5+ years now. All all my content knowledge is business specific - investment banking and private banking product knowledge. Most of my work is creating target operating models, building business cases, evaluating technology platforms, creating strategy decks for CXOs - I mostly stay in excel and powerpoint land. I am not sure if there a parallel for this role in the tech industry. The closest I have identified is a Technical Program Manager . I am not a Software Engineer, or even a Product Manager. I have many many friends from Cornell, other top universities who transitioned to Tech, but almost all of them were developers, and did this move early in their career (2-3 years in). Spoke to few friends, and finally got a call from Amazon for Senior TPM role. Managed to clear phone screens, and get to the onsite. Unfortunately I was rejected, reason given was technical skills - cleared the LPs, program management, communication hurdles - but don't have the right tech chops. I had extensively prepared for system design, but I guess never really got down into the nitty gritties of what Amazon was expecting from a SD interview. I guess I cannot apply to Amazon again for at min 6 months now. I was hoping to reach out to this group and get some guidance on how I can crack into the Tech world. Anyone here who has a profile similar to mine, and managed to make the transition - would love to hear from you. Any recommendations on which firms to target, which roles to target in these firms, who is now hiring, how to prepare for these - would be sincerely appreciated. Also if there are folks in financial services industry who disagree with my comments/assumptions above, would love to hear more.... #financetotech

Northern Trust Rsho76 Jul 26, 2020

Similar background and recently got offer from amazon but low ball so trying again in tech companies.

Credit Suisse Bwvz31 OP Jul 28, 2020

Can you please share which role did you get the offer for ? And TC for amazon role ?? Which firms and which roles are you targeting??

Northern Trust Rsho76 Jul 28, 2020

Solutions Architect 200TC. Making more than that right now. Targeting FANG or financial services.

Synchrony Bamboobrah Mar 9, 2021

Hey OP, I’m wondering how things worked out for you. I’m in a similar pathing now but I’m younger in my career. Anything you wished you did/changed earlier on?