Anonymous

Question: Moving from IT to Banking

I am looking for advice on getting into banking from an IT background. I started as an analyst in securitisations, since the market died I moved internally to a Quants team where I mostly do programming. I don’t want to have a career as a programmer so what would be available in the investment industry to someone with 2 years in commercial bank risk and a computer science degree? I also have the IMC and sat the CFA L1 in June.

Answers (2)
  1. Will probably be tricky. Very different skillsets, if you mean actual banking (be it M&A, corp finance) its more pressing the flesh, making deals, knowing an industry, having a rolodex of contacts looks. Also helps to be a Big 4 accountant.

    If you mean asset management/allocation, or whatever fancy term for stock pickin’, much more likely.

  2. breaking out of IT is the hardest thing to do in the industry. the only ways i’ve seen work are: a/ luck b/ quant.analysis (phd maths/physics) c/ quant.trading (physics or econometrics/finance). best of luck mate.