Folks who moved into tech - what should people know about the transition?

Hey all, 

For those of you who've made the jump from finance to tech (especially SWE roles), what would you say are the things/factors that others should consider when thinking about a similar move? The general story I've heard (and please correct me if I'm wrong) is that SWEs can look forward to reasonable pay, hours, and people, alongside interesting work. But what are some downsides to tech that people in finance should know about e.g. how the general narrative might be oversimplified or untrue, or missing parts of the picture that no one talks about.   

3 Comments
 
Most Helpful

Go on Reddit and search your question with a similar logic - you’d find waaaay more answers. Some things I can think of right now as someone who’s also interested in learning this:

  • SWE isn’t easy and isn’t for everyone, the type of thinking is a bit different than finance and is very black and white, either it works or doesn’t - no bullshitting
  • wlb depends a lot on your team, shit team/ shit manager means you’re going to have a really tough time learning and you’ll have to make up for it with lots of learning on your own
  • depending on where you work, often you’ll likely be “on call” between sprints of projects for many companies and that can mean really chill or really fucked up because your company wants to provide quality service but if suddenly clients have questions or bugs then you need to fix those asap and it could be in the middle of the night at some places
  • you’ll constantly need to learn new frameworks and refresh your skills, which will take time to do and new grads will already have those skills equipped because they’ve been grinding this stuff in uni/ college and through their internships and projects
  • if you’ve never done coding, debugging will make you pull out your hair because it’s actually very difficult when you don’t have enough experience initially
  • if you need to release a feature and have a deadline, then it will be a stressful 2 weeks-1 month sprint and if you get put on another hard project then you could be working a lot for months on end
  • git/ version control and working with other teams off-site can mean time zone issues, communication issues, introducing new bugs to the codebase and that becomes a clusterfuck for everyone if your team lead doesn’t have things under control and code reviews filter out these problems
  • unless you work for some of the chiller/ larger companies/ companies with better culture, many places won’t pay you good comp as a junior dev, don’t expect 6 digits unless at high COL cities and even then COL will make it hard to save (see below)
  • super high pay often means working at higher COL cities so after higher taxes and higher basic living needs like rent and food (inflation) you’re still left with a good amount but you gotta be careful with lifestyle creep because it can come fast
  • highly recommend not making a move right now if you’re thinking, junior market is not great because everyone is stuck there trying to find a junior role, whereas most companies want senior devs instead
  • the thing that worries me the most is - it’s very hard to master both SWE and be good at finance, both take a lot of time and I think the only way to be good at both is to do jobs in both, but that means trade-offs in time invested in each skill and also worse career progression in either… I’m still trying to figure this one out myself too, I have some answers but they all mean I’m gonna have to work a lot regardless lol

Hope this helps.

 

Id iure voluptate aliquid qui ducimus. Molestias occaecati totam voluptas rem est architecto et.

Sunt officiis incidunt quas atque aliquam pariatur. Nulla consectetur repellendus perspiciatis consequatur omnis eos inventore. Ut quia dolorem et veniam sed rem laborum. Voluptatem ut harum quia ea.

Blanditiis eos similique pariatur consequuntur ab dolores. Ea qui eos repudiandae ullam. Recusandae molestiae rerum ipsam. Fugit similique quasi ut. Tempore sit quaerat laudantium consequatur velit a et odit. Iusto dolores et similique tempora ratione asperiores similique. Sed accusantium voluptas doloribus omnis perferendis.

Recusandae occaecati sit sint itaque quia at et. Aperiam ipsum laudantium ducimus molestiae numquam.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”