Clichés As DEV in Banking
Why should you become a developer at a bank or in finance? After all, banks don't use the most popular and novel programming languages, like Rust or Kotlin. They also don't pay as well for developers as the big tech companies do. If that's not enough to potentially dissuade you, there are also a lot of strict, regulatory requirements. By comparison, tech companies and startups are both cooler and less restrictive.
So if you want to start your career as a software developer or IT technician at a bank, you need something else to motivate you. That thing is money. And not necessarily making money - you need to be interested in the dynamics of money.
In most cases, banking work is not technically demanding. It's more about writing code that works and makes money. You will therefore see many trading systems that seem to be very poorly built, but make money - and that's all that matters.
This is why developers who are successful in banking must be "interested in making money". Making money is the driving force of any project in this field. It's not about how cool the technology is ... and in many cases, very cool technologies are distrusted in banking because they are often not established and can disrupt working systems.
Banks thus prefer programming languages that are reliable rather than cool. Many useful things from a business perspective,are boring and necessary... Java is generally not considered cool - its focus has never been on being cool.
Kotlin is an example of a nice compromise language that offers many possibilities. However, it is often the case that hardly any clients use this language and therefore it is not practical.
Instead, banks and hedge funds usually stick to practical and proven languages. This means Java, C ++ and Python.
According to research, the financial services industry tends to weed out programmers who are interested in working in exciting new formats and languages.
In summary, therefore, there are certain industries that attract developers who like cool things and want to be creative in new languages - the financial services industry is not one of them.
We believe that some of these claims are certainly true, or have been true, however, the financial sector has also changed extremely in recent years . It depends more on the individual employer than on the industry.
