What finance roles do not require coding skills?
Hi there! Are you graduating soon and considering a career in finance? Wondering if there are roles in this field that don’t need knowledge of coding languages? Maybe you have some experience with SQL, but feel overwhelmed by requirements like “fluency with statistical and data manipulation tools such as SQL, SAS, R and/or Python” for entry-level positions like risk analyst. Here are some suggestions to help you navigate your career path in finance without the need for extensive coding skills:
1. Accountant: Focus on financial reporting, auditing, and analysis without the need for coding languages.
2. Financial Advisor: Provide investment advice and financial planning services without coding requirements.
3. Compliance Specialist: Ensure regulatory compliance within financial institutions without coding knowledge.
4. Credit Analyst: Assess and analyze creditworthiness of clients without the necessity of coding skills.
5. Budget Analyst: Monitor organizational spending and prepare budget reports without coding expertise.
Remember, there are plenty of opportunities in finance that don’t require coding languages. Dive into roles that align with your strengths and interests, and don’t let coding requirements deter you from pursuing a fulfilling career in finance. Good luck on your journey! #Finance #NoCoding #CareerOptions #FinanceRoles #GraduatingSoon
FP&A, accounting, commercial/corporate/investment banking, and Private equity won’t need any coding.
70% of true finance roles as of now. It’s a bonus for a lot, but normally just some minor SQL/PBI
99.9% of finance roles have absolutely nothing to do with coding.
Almost all of them, have no ran into one that has tbh
Look into wealth management as a whole.
I code quite often for my role in Trading. But in 99% of financial roles, you will not need to code.
Literally all..? It’s standard procedure these days to just offshore or have a weird corner of nerds that are underpaid to do the coding shit
SQL and Python are not terribly difficult to learn. SQLBolt is a great way to learn SQL, and doesn’t take terribly long. Python has, like, 8 million different courses on it, and it’s incredibly easy. I’d suggest just taking the plunge and learning it. Even if most roles don’t need it, it’s something that sets you apart from others and can be impressive
I’m a bit confused by your question. Coding is usually reserved for internal database programs or integration with third party software platforms. The repetitive and easy work is offshored to India or some other cheap location. Same for help desk and anything broadly falling under the IT label.
Platforms with higher touch requirements are done on site by very specialized staff. I’m not software qualified in the slightest but am familiar with the process because my department, Legal, is frequently sucked into large committee meetingsand I keep getting CC’d. You have to understand that in big companies a lot of bureaucracy is the norm.
Fluency at a junior risk analyst role != fluency of a SWE. Knowing how to code is helpful in any org that will let you code. It’s an enhance skill set that absolutely can and will set you apart.
If you’re interested, spending 30 minutes a day is enough to get the hang of Python (I use R, but my team didn’t have a code base before I started. Once you know one it’s not hard to switch to the other if you need to work with another)
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What is this question. All of them?
Why then do so many job descriptions nowadays in the finance sector require coding languages 🥲
Seems like those who know coding have a higher chance of getting hired too (according to my profs and career advisors…)
Almost all
You were looking at risk analysis, for those types of jobs you definitely will need coding. Considering you are entry level there aren’t many other type of jobs within risk. I’d recommend you to start with credit analysis where you will need excel, depending on which way you want to go of course.
Depends on the role.
Jobs like IB, VCPE will likely not need any coding.
In the middle you’d have your traders who do some coding.
On the tail end you have functions like Credit Risk Modelling, Data Science where SQL and Python is used everyday.