Finance sucks compared to tech if youre smart
I used to always read this website and be so hyped on going into finance. I ended up getting a job at a quant fund and made good money ~250 - 275k. The fund acted like they were doing me a favor by even allowing me to be in their presence. All of my friends who went into tech ended up making more with less hours, less stress, and better work environments. So I quit and joined a FAANG company. Senior engineers are pulling down anywhere from 375k-650k. This is before stock increases. Everyone that joined tech five years ago as a senior engineer ended up making 500k+ lots of people over 700k. The comp has only been going up on the upper end, the work is only getting more interesting and intricate.
If youre smart and can pass an algorithms interview, tech companies are almost always better in the long run than finance. Finance is a shit career that was once good. The number of people who actually make it in banking and hedge funds is so fucking small. Youre so replaceable, you need perfect job history for the top firms, almost always an ivy undergrad, etc. Its pure fucking trash. Tech will hire people who have the talent, regardless of their background or work history. This website is pushing a bullshit fantasy that was true from like 1995 - 2007. Passive management is going to destroy all these prestige obsessed bullshitters who are running funds.
Pay scales for FAANG:
150-200k for new grads
225k - 300k for 2 - 4 years experience
350k - 525k for 6/7-10+ yoe experience
as just a regular software engineer.
If you manage a team, a product, or become a director/VP your pay is way higher. Fuck finance, fuck 100 hours a week, and this scam of an industry that needs to disappear. You arent going to get rich at goldman