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COMMENT: Technology professionals are still on the bottom rung of banks' hierarchies

I worked in technology in a bank for for and a half years before moving to the front office. If you're a technology graduate who aspires to follow me, I would caution you against it.

Nothing will kill your tech animal spirits by working for a bank. You will languish and never meet your true potential. You slowly lose the will to live under crushing red tape, bureaucracy and mediocre peers and bosses.

As a hot shot Computer Science grad you will be at the bottom rung of the most bottom ladder, below not only your average bosses (who are usually ex-traders/bankers turned management who have no idea about tech but wanted a quieter life and were good mates with the head of rates trading) but also by every operations, market risk, legal, anyone-who-uses-a-system staffer out there. And I haen't even mentioned the screaming you get from the front office.

Banks talk a big game about 'going digital,' but they are cutting funding to tech programs...and where possible are trying to fill dev roles with contractors in offshore locations. There is a severe lack of talent in upper management and you will not be able to learn from these people. 

Working on legacy code is not an opportunity. Go fix old unmaintained projects on github if you feel like thats an opportunity you're missing out on.

In my opinion, if you love technology and want to work on cool stuff and leading edge innovation...a bank is the worse place for you. Try asking some staff that used to work at fin services companies to get their opinions...I'm sure you'll find they agree.

This article is an adaptation of a comment left on the bottom of a previous piece, published last month. Callum Eckhardt is a pseudonym. 

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AUTHORCallum Eckhardt Insider Comment
  • Da
    Dave C
    7 August 2019

    To the best technologists out there - I would disagree with this.

    I would argue that you learn a huge amount in Investment Banks. Specifically, you learn how *not* to do things and how your future in a smaller FinTech, specialising in solving those problems, can be all the more successful and rewarding.

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