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May 31, 2024
9 Free Financial Modeling Lessons
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Not in industry, but...
MBA. Full time if you want to switch companies. You can probably do it part time if you plan on staying with your company. Chances are they'll pay for at least some of it, too. If you DO want to switch companies and/or industries, you need to get a full time MBA. I'd also make sure there's a decent MBA program in the vicinity. Pro-tip: look at the FT MBA rankings, not the PT, to see which programs are good.
Another option is the Master in Finance, but that's not the best way to go. You'll probably start at the same level as someone just out of undergraduate whereas there's a good chance you'll start at Manager (maybe only Senior Financial Analyst) with a strong MBA degree.
Why do you want out of tech? This is like someone trying to leave finance for tech to earn higher pay back in 2005.
You are probably making a lot more money in tech than you would on Wall Street. You're also having a much better life in tech than you'd have working 60-70 hours/week in finance.
I guess if you're trying to save more money, finance is a good place to be, because you will have less free time to spend it. Otherwise, stick to coding; it's going to pay better in the long run.
Entry-level associate jobs at banks these days are paying $100K + bonus. Bonus may be anywhere from $20-70K in research or as a non-trader in S&T. Frankly, that's a step DOWN from STARTING comp for kids straight out of undergrad at a Yelp or Palantir.
You are probably going to be taking a pay cut to leave tech.
I don't know why you are asking how to get out of tech. While we have you here, how do we get INTO tech and get these cushy $250K/year jobs in cheap cheap zero tax Washington state that require 40 hours/week of work? Some of us are pretty darned good Java and C++ coders and architects, and add some strong stats backgrounds to that to boot.
LOL - "if you're trying to save more money, finance is a good place to be, because you will have less free time to spend it". Certainly is one of the most understated benefits of banking!
You could try networking with boutique investment banks in San Francisco and land an analyst gig.
Agree with IlliniProgrammer - not sure why you want to leave tech for finance. I'm looking to do the opposite.
Grass is always greener.
different folks, different strokes
n all that shiznit
Tech software careers can actually cap out lower than Finance. There isn't that much upward mobility in the field. OP, I'd probably recommend an MBA and then with you tech knowledge trying to move into TMT banking
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