December 2, 2024

38 thoughts on “investment banker meets software engineer

  1. Those days are gone, SEs are getting laid off left and right everywhere, their demand is also decreasing. With increased use of AI, firms need only few SEs who can get the job done through AI faster, which means most of those who aspire don't get it. There are more people with computer degrees and firms need only few, so it is mostly likely to be like hunger games among the aspirants to get the job, and among SEs to keep the job or atleast it is going to be like that soon. The competition is too high, so don't be fooled by salary numbers, it is reserved only for the few. And don't forget recruiters these days also have political agenda. So it is not a guaranteed career.

  2. People go into IB for what they can make in 10 years especaliy with exit options into PE. Software engineering(FANG only) can make more with less hours in the beging but the max earning capability is lower than it is in finance

  3. if this is the truth, this bugger must be in the lowest 1% bro. Last time I checked the MDs in high finance receive bonuses in millions. Most MDs make in the range of 1-3 Million while ultra high performance MDs make around 6 million. Partners are paid even more than that. Technology has a very slim scope. If u enter IB you can break into multiple ultra lucrative industries such as Hedge Funds and Private equity. Managers of major hedge funds make hundreds of millions in compensation. Ken Griffin, the manager of the citadel fund, was paid 4.1 billion dollars in 2021 as compensation. This is due to the managers and the senior executives receiving a big portion of the ROI or the carried interest of the fund. On the other hand, the highest you can reach in tech is 7 figures, it is extremely rare for someone to score 8-9 figures.

  4. I am so stressed, I have been admitted into a 3 year finance accelerated program at a university but I don’t want to go through with it, Investment banking makes so much money but u work so much and it may be hard to get a job bc of the economy and too firms like Goldman Sachs are dropping hundreds of employers, whereas with software engineering u make a lot of money too (not as much) the hours are better tho and I’m sure I’d enjoy doing that more but that is also looking rough due to the fact that ai is slowly taking over and may make it so that finding jobs as a software engineer would be difficult. It’s all so stressful and not to mention that my mom wants me to become an investment banker and looks down on software engineering. I’m 17 and I graduated a year early and school starts literally in 2 weeks so I have to come to a decision super fast and each decision goes in two very different paths of my life

  5. The turnover-rates of SE’s at these tech corporations and startups is never mentioned, you’re basically cannon fodder. There’s so many cert and outsourced workers clawing to be code monkeys that they can afford to just ditch almost everybody after a project is finished.
    Plus, “six-figures” is a middle class salary in a dump like San Francisco or the valley, the QOL is only optimal for exceptional cases.

  6. Check in in 7 years – software engineer: I make 450k. Banker: sorry you didn’t have a good bonus this year… wait that was all-in. Wait it wasn’t all in cash…

  7. Yeah but the software engineer has no connections no marketing skills so good luck, if you knew how many genius tech kids have genius ideas but no financial education, its a massive proportion of ppl

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