After I graduated as a B Tech in Computer Science and Engineering department from IIT Bombay, I chose to join a financial firm for a job. I joined a High-Frequency Trading firm in particular but I would like to share why many of my batchmates chose to go with a financial firm.
Interest in Finance
Some of my batchmates including me had developed an interest in finance during the four years of our journey at college. We were introduced to this world for various reasons like curiosity about what kind of companies come for placements, what do seniors choose as their target companies and our own internship experience as well as comparison of those with the internship experience of friends in software firms.
Apart from this, many of us are equally interested in personal finance from start and hence we start learning a bit about the finance world and what do the firms in that sector do.
Higher Pay / CTC
Another big reason for students to go into these firms is that they are known to pay heftily and significantly higher than their software counterparts. Even though this might mean that the work is comparatively hectic and the work hours are long but the growth opportunity is too high and people don’t want to miss that. As a general thumb of rule, financial firms pay about 1.5x salary when compared with software firms.
Longer period of interest and curiosity
People working in a finance firm tend to be more interested in their jobs when compared to software firms. The reason for this is that the firms directly deal with money and people are always interested in knowing ways to increase their income or grow their investment. Hence they feel that they too might gain some knowledge working in these firms that might help them grown their wealth over a period of time.
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