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When you say finance, do you mean you want to do tech in finance, or you actually want to trade? Those are two different (though related) questions. 2 years ag
by NickPollard 12y ago
When you say finance, do you mean you want to do tech in finance, or you actually want to trade? Those are two different (though related) questions.
2 years ago I moved from the games industry into the finance industry. My role now is varied and would probably come under either quant-dev, e-trading or algo-trading, depending on how you look at it. I was hired with zero financial knowledge, on the basis of my maths and computer science skills, and it has so far gone very well.
I was lucky in that I had contacts in the industry; without that it is probably harder, but it is definitely doable. If you've got strong maths + computing skills then there are a lot of possible roles for you.
Web skills aren't terribly useful (although not worthless); a lot of things are different in the financial world where for example correctness, latency, etc. are much more important. Financial software tends to be written in either low-level languages (e.g. C++ for execution stuff), or high-level functional languages (Scala, Haskell, OCaml - see e.g. GSA, Standard Chartered, or Jane Street). Some places use Python for analysis stuff, though R/Matlab are very common too.
If you want to into an actual finance role (Trader, or to a certain extent Quant (as opposed to Quant-dev)), that's possible but you'd probably have to go via a technology role. That's your way in.
- gadders 12y agoThere are plenty of Line of Business apps written in Java and C# as well, including risk management systems. The core quant libraries will probably be C++. I've seen a tiny bit of Scala, but not mainstream adoption. Python is pretty popular in a few banks especially (EG BofA). A lot of banking jobs ask for "Banking Experience", but not all. Also, I would think doing a few finance/quant courses on Coursera wouldn't hurt.
- NickPollard 12y agoOnly one datapoint, but my current job is 90%+ Scala (Fixed Income, a multi-national bank). GSA definitely use it and I believe Goldman are moving to it as well. It's not mainstream, but it's also not niche either.