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"Spoiled Big Tech engineers are going to struggle to find a job in finance"

I have a senior tech role in an investment bank and I moved from a big tech company a few years ago. I think it's even harder to move into finance these days than when I did it.

A lot of banks have had RIFs over the last couple of years, and none are ready to hire at scale yet. Management at banks have woken up to the fact that the need for engineering is not unlimited.

Engineers in FAANG have been spoiled for over ten years and people are freaked out by what FAANG leadership is doing now. They always thought technology was running the business, not money. This way of thinking applies to FAANG infrastructure people in particular.

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That attitude won't work in banking, and nor do banks need it. Coding is transferable, business knowledge much less so, especially when moving from one sector to another. I saw an article about a technology manager struggling to find a new job, but the question for him is, are you above average at managing? The pool for tech managers has always been smaller than the pool for coders. 

It's a tough time to make a move, unless you get lucky. But are those really the only two games for technical backgrounds?

Howard Varga is a pseudonym

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AUTHORHoward Varga Insider Comment
  • Yo
    Yop_eng
    31 January 2024

    Lol, technology does run the business. Money is the bottom line, sure, but money is the bottom line at *every* company. If we applied what you are saying to restaurants you would be arguing that money, not food, runs the business. C'mon now 🤡


    What an entitled take only someone who has an inflated ego from working in finance would have.

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