Tech bros are inferior

Ranking High Finance vs Tech, categorically

Compensation - Finance
Prestige - Finance
Client exposure - Finance
Career development - Finance
Women - Finance
Culture - Finance

Also by high finance I am exclusively referring to tier 1 finance jobs, meaning IB/PE/HF. Some tech jobs are probably better than corpfin or AM.

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Comments (74)

Dec 1, 2021 - 2:56pm

Corp fin gets a bad rep on here, but to be honest it's an easy gig most of the time, you learn a lot about the workings of successful financial operations, the work life balance is better than IB and on a per hour basis, the hourly wage is close to IB if not the same hourly wage.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Dec 1, 2021 - 6:15pm

Maybe at An1 but the comp differential grows exponentially later on.

Array

  • 1
Dec 1, 2021 - 6:28pm

If you're talking corp fin vs IB, I don't exactly agree. I was at a big company so my managers managers manager etc in corp fin was the CFO making 8 figures and dude had a Booth MBA.Β 

There is a ladder to climb and if you're good at managing in corp fin, it can be more lucrative in large companies than IB.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Dec 2, 2021 - 12:35pm

Worked a Corp fi job last summer, work-life was great but that was about all I found it had that was appealing. Lots of people seemed bored asf or just going through the motions. Sure, if you care about the "mission" or love optimizing financial efficiency for a small division you'd probably enjoy it. Probably more motivating to work in the medical industry that I was in, as you are "improving peoples' health".

IB seems more challenging, fast-paced, and offers much more personal growth opportunity. Comp/hr is usually higher on average too, but greatly outpaces corp fi opportunities 3-5 years out of the gate.

TLDR: Corp fi is only better if you don't give a shit

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Dec 2, 2021 - 1:06pm

I wholeheartedly disagree with this. It appears you're a lazy ass working on small projects. And you only worked for a summer? Sounds pretty weak. Get some ambition and start giving a shit about producing good quality work.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Dec 1, 2021 - 3:20pm

Yep. Know how it's a cope thread?

You will never see a tech bro or tech board compare themselves to finance professionals.

Feel like that level of career insecurity is reserved solely for finance and legal professionals. Doctors, programmers, engineers, etc. dont give a shit

Most Helpful
Dec 1, 2021 - 3:47pm

Can we take into account how socially awkward and unattractive people in tech are?

I know very few tech people who aren't absolute spergs or physically looking goblins.

Source: did CS and Business, chose business because people were more normal

Array

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Dec 1, 2021 - 6:08pm

Where do you work? I've worked with mostly normal people in tech. There's some weirdos, but overall it seems like a pretty standard deviation curve. You get some really cool people, mostly just normal people, and some real weird people.Β 

β€œThe three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
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Dec 1, 2021 - 8:57pm

This is mostly in the engineering function to be fair - and not all engineers. Most other people in other functions are relatively normal (apart from raging socialists and the like).Β 

Array
Dec 1, 2021 - 6:12pm

Compensation - Both are relatively on par, there's more terminal options around the $200-400k options in tech but those $600k+ jobs are definitely out there. Even some breaking 7 figures, but obviously really rare.Β 

Prestige - lol why is this important?

Client exposure - Finance (definitely true)

Career development - Both offer great opportunities for growth

Women - My wife is a SWE but she got into it after me, no this is a no op for me personallyΒ 

Culture - Finance (I'll concede on this. I'm happy where I work, but it's known some companies are pretty crazy on the ultra PC culture)Β 

β€œThe three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
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Dec 1, 2021 - 8:18pm

In what context does prestige play a role? This is an honest question to understand. Prestige matters, no doubt. But to me, it matters in terms of earning money and raising money.Β 
Β 

So ex-FAANG ex-Hedge Fund Quant or Stanford/ MIT/ Berkeley alum in tech means you get paid more and can raise money a bit more easily (at least get the meeting more easily anyway). Obviously finance has the equivalent (BB, EB, MBB, HYP, etc). But outside of the two goals of earning more and raising money- why does prestige matter?

β€œThe three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
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Dec 1, 2021 - 8:37pm

Based and redpilled, too many techbros think they're kings of the world making 300k in SF where rent is like 80k/year. Also they get no women and SF has ugly ass women. Finance culture is elite (basically a frat house) as opposed to tech (basically a math club meeting).

Also AM is interesting as fuck

Dec 1, 2021 - 8:50pm

Lol I see the prestigious PE guys suck on the D with likes of Zuckerberg, Musk or even a Sillicon Valley startup, Whoring their way in with a blank cheque and a big bank name. For a moment just separate yourself with your firm's name and ask yourself if you're good for anything? Their goes your prestige down the wall street drain. You're not your company. Calm your tts.

Dec 1, 2021 - 9:40pm

Obviously prestigious people still pretend to like the plebeians (socially speaking) for the plebeians' money. Just like how banks run campaigns saying they support the "woke" left. Doesn't mean the prestigious PE guys would accept Zuckerberg into their country clubs, secret societies, etc.

Dec 1, 2021 - 8:57pm

Hahahahah I am gonna create an NFT out of it. wait nvm nobody gives a fuck about what you just wrote! They are tech bros, facebook is a Tech company (a tech based ad platform). It's listed on NASDAQ? Does that ring a bell? Anyway I guess changing fonts on M&A decks have killed some of your neurons.

Dec 1, 2021 - 9:04pm

We are comparing jobs you imbecile. Mark is not coding in his moms basement like you are, he is a decision maker and operator. Have fun typing in numbers on a screen and getting zero exposure to clients

Dec 1, 2021 - 9:26pm

When was the last time PE/HF prestigious drains made a small blip on the Tech bros? Anyway I rest my case. Intellect in this argument is sub-par for a tech bro. Go back to changing fonts buddy. I hope each of you have the balls to carry this attitude while reaching out to a tech bro with your worthless pile of cash. Don't wiggle that tail b/w your balls 🀣

Dec 2, 2021 - 11:34am

Huh? That literally plays a tiny role in looks. It's literally all genetics and wealth (which rich white girls that land seats because of nepotism have).Β 
Β 

Tech women are absolute lumps of pale fat, on the other hand.

Dec 2, 2021 - 3:43am

What is even the point of contemplating this? Like whatever you do, just be a good person regardless of potential comp differences - no one at all but you will care.

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Dec 2, 2021 - 3:59am

But I thought tech has more ultra billionaires than any other industry, including finance?

It's almost impossible to achieve billionaire status in finance there days; the ones that exist predominantly made their money between 1985-2007, the so-called "golden era". Even if you can make it big in finance, we're talking $1-10 billion, at most.

Compare that with Musk, Zuckerberg, Gates, etc. who are each worth $110 billion+ and started their companies as coders at first and at heart. New billionaires in tech are being minted constantly (and IPOs are just for liquidity btw).Β 

The economics of tech is just too lucrative because of the scaleability and margins. This naturally trickles down to even low-level and entry-level jobs. In finance, dinner is expensed because you're still technically on the clock (techbros are long done by then).

When my friend was an intern at Google 10+ years ago, the company not only served free gourmet lunch to employees daily, but also paid for his rent in Mountain View, CA. He earned $10K a month for 3 months (way more than any other internship, and when some internships were still unpaid), and Google's HQ campus is pretty decked out. The earliest you ever have to be at work is 9am and the day is effectively over by 2-3pm with a 2 hour lunch in between.Β 

Upon college graduation (from a top state school for C/S), that same friend turned down an offer from Facebook going instead for Airbnb due to pre-IPO stock. Even if the the IPO didn't pan out (which it did), his base alone was $150K starting and Airbnb was a VERY well funded startup when my friend joined. Today he is a millionaire, has been for a few years now, and he's only 31/32.

All this is unheard of in finance, and it does make me a little jealous, but at least finance is a close second. But if you think that only SWE in tech have big money potential, then you should look at comp of software sales.Β 

Even after all that, many (but not all) tech companies are still cash cows with massive barriers to entry and barely any regulations.Β 

Dec 2, 2021 - 2:33pm

No..."starting a business and scaling it to be the biggest in the world" is not closer to finance, that's called entrepreneurship.Β 

My point is that tech entrepreneurship has exponentially more upside than finance entrepreneurship does. Did you even read my last post? Technology can be so profitable, that there's often plenty of money to go around even for the "little people" (as compared to the little people in finance).Β 

Don't know about these days, but reason people used to like tech entrepreneurship was because it was common to have humble/underdog beginnings (e.g. some dude in his parents' garage/basement bootstrapping the whole thing while eating ramen). Often money was the not primary motive.

How long can you go without the security of a cushy job and steady paycheck before you get a severe case of diarrhea from the stress/anxiety? Entrepreneurship isn't for everybody (and quite frankly, it's not for most people).

Numbers don't lie and finance is not the one. Sorry to burst your bubble.Β 

Dec 2, 2021 - 12:48pm

These things are silly.

I know people who went from IB to the finance careers in big tech and make a ton.

Not everything that pays well is IB/PE/HF.

I have friends at portcos making bank

There is tons of opportunities with both and smart people leverage both of these fields.

Dec 2, 2021 - 5:17pm

This is so fucking dumb and subjective. There are so many people out there who think finance guys are cucks and douchelords no matter what. We let ourselves get defined by our job too often when sometimes it's just not what people care aboutΒ 

Dec 2, 2021 - 7:42pm

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Dec 2, 2021 - 11:11pm

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