Should I go into tech or finance?
Comparing the two industries to help you make an informed decision
Comparison Table
| Tech Industry | Finance Industry | |
|---|---|---|
| Work Culture | Better | Not as good |
| Job Mobility | Higher | Lower |
| Hours | Better | Longer |
| Perks | Better | Not as good |
| Job Satisfaction | Higher | Lower |
| Employee Happiness | Higher | Lower |
FAQs
What is the work culture like in the tech industry?
The work culture in the tech industry is often described as innovative, flexible and collaborative. Tech companies have been known to offer relaxed dress codes, ping pong tables, and free snacks and drinks in the office. The emphasis is placed on creativity and individualism which creates a culture of trust and excitement. The work culture encourages employees to experiment with new ideas and technologies, leading to new products that change the world. Thus, Tech leaves its counterpart in the dust when it comes to work culture.
What is job mobility like in the tech industry?
Job mobility in the tech industry is very high. With a shortage of tech talents, companies are always looking for skilled employees. This means that if you are talented and committed, you could end up being promoted several times in a short period of time. Most tech companies also offer employees opportunities to explore new roles within the company, so you can continually grow and expand your skillset. Finance companies, on the other hand, have a more structured hierarchy, leading to fewer opportunities for job mobility. Therefore, tech industry is better when it comes to job mobility.
How do tech and finance compare in terms of hours worked?
Tech employees generally work better hours. With flexible working schedules, remote and part-time work options, the industry values productivity over arbitrary working hours. Finance, on the other hand, is known for its long working hours often 12 or more hours a day. Tech companies are more likely to value work-life balance, and to allow employees to manage their own workloads to suit their lifestyle. Therefore, tech industry wins in terms of hours worked.
Which industry offers the better perks?
Tech companies offer better perks compared to Finance. Tech firms have been known to offer employees an array of options including on-site volleyball courts, weekly massages, unlimited vacation time, flexible work hours, free transportation, and even on-site dentist appointments. Finance companies tend to offer fewer perks, instead focusing more on bonuses, health care benefits, and paid holidays. Therefore, tech industry offers better perks.
Conclusion
If you are trying to decide between a career in tech or finance, it’s important to consider the comparison points mentioned in the article. Indeed, Tech leaves its counterpart in the dust when it comes to work culture, job mobility, better hours, and better perks. People in general feel this. Evaluating each industry’s work culture and perks, willingness to encourage innovation and personal growth, and opportunities for promotion and career advancement takes time, but it is important to do it well.
If you are interested in learning more about the tech or finance industries, check out www.builtin.com for information and job postings. You can also find information about finance on www.wallstreetoasis.com.