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Is it common for individuals to transition from finance careers to careers in technology?

Question:

Is it common for individuals to transition from finance careers to careers in technology?

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Answer:

It is easier to switch from finance to technology (tech) for better pay, and from tech to finance for career advancement. With the emergence of new technology and online learning platforms, it is now easier to switch between careers from finance to technology, and vice-versa depending on your passion and ultimate career plan. The demand for data analytics skills to perform finance jobs is making the switch to tech seem like a natural progression since the growth of big data and technological improvements will allow financial analysts to access a wider range of data and conduct higher quality analysis. A Master of Business Administration (MBA) is one of the easiest ways to advance or transition your career from technology to finance. For example, findings from Vanderbilt University, Owen Graduate School of Management, indicate that finance is one of the most popular MBA programs, and 25% of the Class of 2019 at Vanderbilt Business secured finance jobs soon after graduating, with the majority of them using business school degree as a platform to switch into a finance career. Since technology careers require a lot of experience, for example in software development or programming in C++ and/or Java, you can take advantage of online learning platforms, low-cost training programs, apprenticeships, tech certifications, bootcamps, or tech degree, to transition from finance to technology careers.

For more information about finance vs. technology careers, check out this article: Best Paid Careers for the Future

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