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How to break into financial space development

 
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Hi ranchers this is my very first post here. I have been developing java web applications for about 4years. I am very interested in working with and developing financial applications for banks/hedge funds/securities/derivatives etc.

From the little research I did, it seems its really hard to break into this field since they require you to have knowledge of financial products eg. hedge funds. For those of you who work developing apps in this space what would you recommend would be my best approach into getting in this field. All advice appreciated.
 
pioneer
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First of all, keep sending your resume to these companies you like
 
Manny Bonds
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Good advice, but as a developer how do I gain understanding of all these financial products hedge funds, derivatives, fixed income etc? And if I dont have a good understanding of these how do I demonstrate to the employer that my lack of knowledge about finance would not limit my ability to work in this field.
 
Manny Bonds
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Also one quick question. Based on what I found from research even though this field pays very good, developers are not treated well. You work a lot of overtime hours and barely have any life. For anyone working in this field how far is this from the truth. Thanks for all the advice.
 
pioneer
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I myself am working for a major bank as a developer. Here maximum work (for offshore people) is mainly maintenance. For maintenance and support there is huge money. work is cool and most of the time you wait for service requests to come. But i feel it is really boring for a developer.

Well development projects, I have been into development of some projects of the banking domain. Most of the projects come as Fixed Price say they have a budget which my companies bid team have got it say for 10000 Euros. And the deadlines are very very sharp indeed. But there is no independence in choosing your framework or anything of that sort as the designs have already come from the bank. It is now upto us to start implementing the designs.

So I hope this helps.

regards,
Abhishek
 
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