Leaving banking for tech?
So I hear stories about bankers and recent MBA grads ditching finance and going to work for big tech firms. Just curious—anyone know what kind of jobs they are going to? Just business analyst roles? Do the skills you gain in banking really transfer to that sort of position?
You can go into corporate development or corporate strategy at later stage tech startups (Series C+). For these roles, you are definitely going to take a pay cut, and you wont any meaningful equity. It will basically be a F500 job in terms of pay/hours but will be younger, more exciting, and you will have a "hot" name on your resume if it is a well-talked about consumer facing startup.
Or you could be a business operations guy at a early-stage (Seed Stage) startup where you basically do everything non-technical. This would definitely push you further outside your comfort zone and you will get the chance to learn a lot and try a lot of new things. Downside is job safety and comp. Upside is equity can actually be worth something one day.
Both of these types of jobs will help set you up for VC jobs, but you have to realize when you go to a tech company you are no longer in a revenue-driven position. Those are the engineers and product guys. Who speak in a language you do not understand. Which will make you feel (and somewhat be) useless. That will be reflected in your career trajectory and reputation around the office.
Interesting, thanks!
Head west.
Jump from IB to Tech (Originally Posted: 07/26/2016)
Recently left my BB for a job at a mid sized tech company. Has anyone else made a similar jump?
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