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The finance industry expects people to work way harder then tech, but the E.V. is usually less. Yes, there are stories about quants making 7 figures, but that's
by alephnan 3y ago
The finance industry expects people to work way harder then tech, but the E.V. is usually less. Yes, there are stories about quants making 7 figures, but that's exceedingly rare now compared to the early 2ks. The people who had this aptitude and skillset would have thrived in tech anyways. For example, Jeff Bezos used to be a trader.
There was even a window of time where people in finance saw how the grass was greener in tech.
It just happened to be that the finance industry is mature, whereas tech was nascent, with a skills shortage during a period of exponential growth. The pool of graduates studying CS has grown an order of magnitude, while demand for jobs has contracted.
What we are seeing is the tech industry maturing. The golden era of tech is over. Tech will just be another middle class job. Tech will only be slightly better than other middle class white collar jobs, but it will no longer be the be the guaranteed path to being a millionaire after 5-10 years of working.
- mega-flop 3y agoDepends on what you mean by middle class job. Salaried employment in general is inextricably middle class in my opinion.
- theshackleford 3y ago> but it will no longer be the be the guaranteed path to being a millionaire after 5-10 years of working. For the vast majority, this has not been a thing in the first place.