Brain drain in finance?
Increasingly, people at my target are moving towards studying CS and pursuing SWE.
If you are decently smart, got into a good school the value proposition of finance seems to be reducing vs 10 years ago (lower pay, tough hours with minimal WLB) etc.
As an econ / CS double major, was curious if people are noticing the same thing. Also very interested if there are people that went the IBD route over the tech route on purpose and if they are happy with their decision.
For reference, currently a sophomore at a mid ivy.
I go to a semi-target in my country and I try to teach myself how to code in the free time in order to get a SWE internship.
it's because *with few exceptions* finance jobs have awful WLB. Yes, the absolute pay is the highest for everyone outside of founders/C-suite, but it is nearly impossible to sustain a social life, or have a remotely healthy dating life in 9/10 of high-finance jobs. So with tech, yes you may cap out around $1M instead of $5M but atleast you can see friends on the weekends, have healthy dating life etc etc.
My 2 cents anyways
I am guessing you are using those numbers ($1mm and $5mm) as just illustrative figures, because if you think you are getting into either profession and are “on track” to make that much, you’ll be pretty disappointed.
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