#CFA #CPA #Tech #Coding #CareerSwitch
Are you a late 20s professional with a CFA and CPA considering a switch to the tech or coding industry? It’s never too late to make a career change and explore new opportunities. In this article, we will discuss the pros and cons of making this transition, share some insights from professionals who have gone through a similar journey, and provide you with some valuable tips to help you make an informed decision.
**Why Consider a Career Switch?**
– Lack of people skills in current role
– Perceived industry instability
– Recent layoffs in current industry
Making a move from the finance industry to tech or coding can be a big decision, but it could lead to a more fulfilling and stable career path in the long run. If you are feeling stuck in your current role and looking for a change, pursuing a CS degree and transitioning to coding might be the right move for you.
**Benefits of Switching to Tech/Coding**
1. **Flexibility:** Tech and coding roles often offer more flexibility in terms of remote work and contract opportunities. This can provide you with a better work-life balance and the ability to work from anywhere.
2. **Long Term Job Prospects:** The tech industry is known for its high demand for skilled professionals. By acquiring coding skills, you can open up a variety of job opportunities and ensure a more stable career path in the long term.
3. **Continuous Learning:** Coding is a field that is constantly evolving, which means you will have the opportunity to continuously learn new skills and stay up-to-date with the latest technologies.
**Challenges of Switching to Tech/Coding**
– **Pay Cut:** Switching to a new industry may initially result in a lower salary compared to your current role. However, the potential for growth and increased earning potential in the tech industry is significant in the long term.
– **Skill Gap:** Transitioning to tech or coding may require you to acquire new skills and knowledge. However, with dedication and commitment, you can overcome this challenge and succeed in your new career path.
**Tips for Making the Transition**
– **Research:** Take the time to research the tech industry and explore different coding languages and job roles to determine the best fit for your skills and interests.
– **Networking:** Connect with professionals in the tech industry, attend networking events, and seek mentorship to gain insights and advice on making the transition successfully.
– **Skills Development:** Consider enrolling in part-time CS or data science programs to gain the necessary skills and knowledge for a career in tech or coding. Online courses and coding bootcamps are also great options for learning coding skills.
**Final Thoughts**
Making a career switch from finance to tech or coding can be a challenging yet rewarding experience. It’s important to carefully weigh the pros and cons, consider your long term career goals, and seek advice from professionals in the field. By taking the necessary steps to acquire new skills, network with industry experts, and stay committed to your career transition, you can successfully embark on a new career path in tech or coding. Good luck on your journey! 🚀
Remember, it’s never too late to pursue your passion and make a change for the better. Embrace the challenge, stay motivated, and keep learning every step of the way. Your future in the tech industry awaits! 🌟
Do you not hear the news in Tech?Â
You are in a role that tech, consulting, and finance  people would die for. the grass isn’t greener on the other side, and if you are doing coding just for money and job stability you are not going to have a good time. Also salaries have and will continue to get cut in tech roles. Gone are those big days of stupid amounts.Â
But if you’re passionate about coding I would first align myself what career goals would I want to do with a bachelors in Cs. Then take one intro class on your own before committing. If you enjoy it. Then go ahead and do it.Â
I would also HIghly suggest you don’t  quit your job and do this part timeÂ
I think you’re just bored bro. Do a part-time masters/certificate in data science if you really wanna learn about the intersection between finance and coding (or coding). you’re just hunting for the rest of the letters in the alphabet at this point
Your credentials and experience make you hirable even if you do get laid off
Maybe try some courses first along side your current job, To understand what are you getting into + tech sphere is kinda oversaturated
>Does this sound crazy?
Yes. Sounds like you’re stuck in 2010. Coding is such an oversaturated function. Salaries will continue to drop, job security isn’t really a thing, and generally speaking, it’s overrated as hell. Not to mention AI is making a lot of inroads so entry level positions are likely to take a big hit.
If you want to code, then do it. Plenty of opportunities in finance to move to a role that requires a modern skill set. I work in FP&A and my coding skills have helped me out immensely.
CFA & CPA – there’s a huge shortage in accounting which will mean higher salaries and job security for high level controller, finance manager, VP of finance positions going forward if you’re able to bring solid accounting skills. It would be a mistake to walk away right now.
If I were you, I’d learn to code and then use that to bolster your resume when applying for higher level roles. CFA + CPA + technology skills are a home run if you play your cards right.
I’m sorry… what?! My guy beat the game and now wants to reset the game
All jobs suck, you’re already well established and making money. Look into FI/RE.
I switched from tech to finance, tech is a lot more interesting, but much less rewarding in your shoes
If you leave, could you transfer your CFA and CPA to me?
I dont think its much different in tech if we’re being honest. Those roles are just as taken for granted if not more than what your currently doing. Starting over would put you in a less than favorable situation as opposed to the one you are currently in
You picked a helluva time to consider this while the tech market is getting slaughtered…
Doesn’t sound crazy, but does sound stupid imo.
I think you should look for a different job first or consider a masters program in a tech/data subject you are passionate about.
$220k comp gives you lots of leeway to “regress” down to $160k for an ideal corporate culture that might offer more free time.
To be clear, you can always pursue coding for a couple years, provided you’ve saved up. But don’t underestimate how much you’ll have to grind to get up to a job paying $220k in an entirely new field. I doubt you’ll be working 40/wk when you’re looking to land that first stable tech job and everyone else knows more than you.
Edit: It’s way easier to develop people skills or find a new set of co-workers than to develop mastery in a new tech field to the degree you’ve already attained in finance. (CFA and CPA are not easy credentials to obtain!)
Chill out man, ur in a stable enough industry and makin 225k.
Dawg, i probably just finished my CFA & make $65k a year and im strugglin bad to find a job. 🤣
If u want to do it for fun part-time, knock urself out. But ur bettsr off stayin where u are
Hey so it would be best to switch a hybrid position that blends accounting and tech.
I’m part of investment team and recently we’ve been able to internally develop a bunch of programs to automate certain processes for a deal were working on and set up a website that hosts all these programs in one easily accessible place. None of us have any experience with comp sci and are just self taught starting like a few months ago. Did it all with chat gpt. Doesn’t that sorts tell you all you need to know?
Just stay where you are. 220K+ is really good pay for even the most expensive part of NYC/LA.
> Does this sound crazy
Yes
Suffering from success lmao
Keep your job, 220K for your years of experience I assume somewhere between 7-8 years is pretty good. Difficult to match those salaries outside of IB/MBB with few years of experience (and crazy hours).
The CS graduates that earn so much at FAANG are the only ones that are very good and have lot of experience and probably to get there you should need a degree at least (4 years) and some years of experience.
The top SWE that earns 300-500K at FAANG are the equivalent at those ones finance bros working at PE MF like Blackstone, Apollo or KKR. Just a very small percentage.