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Tech and finance are two very broad brushes that both paint a large swath of the business landscape. When speaking of finance there is everything from regional
by jnordwick 9y ago
Tech and finance are two very broad brushes that both paint a large swath of the business landscape.
When speaking of finance there is everything from regional banks or loan originators to investment banks and trading firms. They are often very far apart in terms of culture, abilities, and pay.
On the higher end in tech you get front desk trading, and they are most definitely a tech subsidy inside a larger institution. Some of the best tech teams I've ever been exposured to. I would take the best team GS over the best team from Google any day of the week. Even a mediocre front desk team are far far above average for the industry because they focus on getting the best talent.
Even companies like Bloomberg that you wouldn't really think of beyond their news service is a massive tech company on the back end. They also have trading and low latency data infrastructures. One of the best teams i ever met was the core bond team at Bloomberg. I was blown away at how good they were.
All these places know they are tech companies and pay appropriately. On the other side you have regional banks or even old school trading firms where they aren't really tech companies, but are mostly admin work with average pay.
I've worked at tech companies and finance (hfts, algo trading, dark pool, banks), one thing i really like about finance is how difficult and interdisciplinary it can be. The tech problems I've encountered at finance firms have been so much more difficult than any other place. Google scales by throwing more machines at it, as most other web tech firms. Many times you don't have that luxury in finance. You have to be smart about it.
Remember, Google gives it developers Go because it considers them above average cogs. Finance firms gives it developers APL/A+/KDB :) I jest a little, but I think there is definitely something telling in what is expected of you.
You can go into a big bank and be a 9 to 5er in an auxiliary role. Or you can go in and workn your tail off and move up. But be prepared to work a lot for those bonuses.
- apaprocki 9y ago> Even companies like Bloomberg that you wouldn't really think of beyond their news service is a massive tech company on the back end The company's entire founding premise was to computerize tasks still accomplished by humans and paper in 1981. The News subsidiary was founded nearly a decade later in 1990. So it's more a case of the tech company considering News the "News-end" rather than tech being considered the "back end" :)
- jnordwick 9y agoI was at an APL(ish) lecture a year ago that veered off into the early years of Bloomberg. I thought it was awesome.