By Jeff Altman, The Big Game Hunter
Here are some of the reasons why tech professionals are increasingly seeking finance jobs:
- Job stability and social status: Finance jobs, especially at renowned institutions like JPMorgan Chase, provide a sense of security and prestige that may be lacking in the tech industry.
- AI and Technology Focus: Financial institutions are actively highlighting their work in AI and technology, attracting tech talent interested in these areas. For example, Morgan Stanley’s partnership with OpenAI has drawn considerable attention.
- Career Development Opportunities: Banks are investing in initiatives like hackathons, research departments, and upskilling programs to attract and retain tech talent.
- Emphasis on AI: Leaders in the finance industry are demonstrating a commitment to AI, making it a priority and a focus area, which appeals to AI professionals.
- Tangible Outcomes: Banks are actively seeking patents related to AI, signaling a genuine investment in technological innovation. This is appealing to professionals who want to see their work make a real-world impact.
- Competitive Compensation and Perks: Finance jobs offer salaries comparable to those in the tech sector. Furthermore, while tech companies may be cutting back on perks, financial institutions are stepping up their offerings to attract talent.
- Meaningful Projects: Financial institutions are presenting tech-related roles as opportunities to solve complex problems with a significant impact. For example, BNY Mellon emphasizes the transformative potential of AI in its products and services.
- Hiring Demand: Despite a more cautious tech job market, finance institutions are actively hiring for a wide range of tech roles, including AI, data engineering, and information security.
Overall, the sources suggest that a shift in perception is underway. The finance industry is no longer seen as a less exciting alternative to the tech world. Instead, it’s becoming a desirable destination for tech talent seeking stability, cutting-edge projects, and opportunities for growth and development.
Ⓒ The Big Game Hunter, Inc., Asheville, NC 2024
Group Interviews: The Way to Answer Questions
ABOUT JEFF ALTMAN, THE BIG GAME HUNTER
People hire Jeff Altman, The Big Game Hunter to provide No BS job search coaching and career advice globally because he makes job search and succeeding in your career easier.
You will find great info and job search coaching to help with your job search at JobSearch.Community Subscribe to No BS Job Search Advice Radio, the OG of job search podcasts with more than 3000 shows, wherever you listen to podcasts
How Do Recruiters Filter Out People Who Apply to A Lot of Jobs?
Schedule a discovery call to speak with me about one-on-one or group coaching during your job search at www.TheBigGameHunter.us.
If You Reject A Job at A Big Company Are You Put on a List and Can’t Be Hired There?
We grant permission for this post and others to be used on your website as long as a backlink is included to www.TheBigGameHunter.us and notice is provided that it is provided by Jeff Altman, The Big Game Hunter as an author or creator. Not acknowledging his work or providing a backlink to www.TheBigGameHunter.us makes you subject to a $1000 penalty which you proactively agree to pay. Please contact us to negotiate the use of our content as training data.