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Sounds like I had a similar experience to you, except many years prior. I actually worked on a desk where there was a front page-headline scandal, partly caused
by revel 4y ago
Sounds like I had a similar experience to you, except many years prior. I actually worked on a desk where there was a front page-headline scandal, partly caused by lack of investment in tech. I would never recommend anyone work in finance based on my experiences, but most people get very excited and assume it was fun and lucrative work. It was neither.
I heard, on multiple occasions from senior leadership, that industry practice was to categorize all dev work as IT so they could justify lower compensation. Pay was, just as you pointed out, not the main problem with this setup. There was no respect for other people and individuals were frequently berated or humiliated for no reason.
One interesting observation: despite the fact that I am very well qualified to work in the sector, it's very rare for fintech recruiters to reach out to me. They must know that I'm far out of their pay grade now and will never go back.