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[Tut] Top 5 Finance Jobs for Coders in 2023 - xSicKxBot - 06-12-2022
Top 5 Finance Jobs for Coders in 2023
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<p>Coders are often skilled in analytical and creative areas. It doesn’t surprise that with those skills, they often fare well in business and investing too. </p>
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<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="https://blog.finxter.com/wp-content/uploads/2022/06/image-75-1024x576.png" alt="" class="wp-image-411657" srcset="https://blog.finxter.com/wp-content/uploads/2022/06/image-75-1024x576.png 1024w, https://blog.finxter.com/wp-content/uploads/2022/06/image-75-300x169.png 300w, https://blog.finxter.com/wp-content/uploads/2022/06/image-75-768x432.png 768w, https://blog.finxter.com/wp-content/uploads/2022/06/image-75.png 1218w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<p>Examples of skilled coders who are also skilled in finance are Bill Gates, Mark Zuckerberg, Marc Andreessen, and myriads more.</p>
<p>Those coders with a strong interest in finance became <strong>billionaires</strong>! </p>
<p>But legions of coders who work at Facebook, Amazon, Google, Coinbase, and Netflix became <strong>multi-millionaires</strong> just by combining their skills in coding with skills in finance and investing. </p>
<p class="has-global-color-8-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b50.png" alt="⭐" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <em><strong>Are you interested in the intersection of finance and coding?</strong></em></p>
<p>In this article, I’ll show you five of the most profitable ways to work as a financial coder:</p>
<ol>
<li>Crypto Trading Bot Developer</li>
<li>Quant Developer</li>
<li>Forex Algo-Trading Python Developer</li>
<li>DeFi Developer</li>
<li>Blockchain Developer</li>
</ol>
<p>Let’s get started!</p>
<h2>Crypto Trading Bot Developer</h2>
<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="682" src="https://blog.finxter.com/wp-content/uploads/2022/06/image-74-1024x682.png" alt="" class="wp-image-411653" srcset="https://blog.finxter.com/wp-content/uploads/2022/06/image-74-1024x682.png 1024w, https://blog.finxter.com/wp-content/uploads/2022/06/image-74-300x200.png 300w, https://blog.finxter.com/wp-content/uploads/2022/06/image-74-768x512.png 768w, https://blog.finxter.com/wp-content/uploads/2022/06/image-74.png 1028w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<p>Trading bots are software programs that talk directly to financial exchanges. Crypto trading bots are programs that talk to crypto exchanges. </p>
<p>A crypto bot developer develops those programs. Crypto trading bot developers tend to be very proficient in trading, financial algorithms, APIs, and web services. (<a rel="noreferrer noopener" href="https://blog.finxter.com/binance-api-trading-bot/" target="_blank">Source</a>)</p>
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<iframe loading="lazy" title="Becoming a 6-Figure Cryptolancer on Upwork and Fiverr?" width="780" height="439" src="https://www.youtube.com/embed/ryK6alFeuIo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div>
</figure>
<p>The average annual income of a <strong>Crypto Trading Bot Developer</strong> is similar to algorithmic traders of $104,422 (<a rel="noreferrer noopener" href="https://www.comparably.com/salaries/salaries-for-algorithmic-trader" target="_blank">source</a>). However, due to the novelty of the industry, there’s little official data. If you assume an hourly rate of $50 and an annual 2000 hours worked, the annual income of a crypto trading bot developer would be $100,000.</p>
<p>But is there enough demand? Let’s have a look at Google trends to find out how interest evolves over time (<a rel="noreferrer noopener" href="https://trends.google.com/trends/explore?date=all&q=Crypto Trading Bot" target="_blank">source</a>):</p>
<figure class="wp-block-image"><img loading="lazy" width="1024" height="464" src="https://blog.finxter.com/wp-content/uploads/2022/02/image-28-1024x464.png" alt="" class="wp-image-175051" srcset="https://blog.finxter.com/wp-content/uploads/2022/02/image-28-1024x464.png 1024w, https://blog.finxter.com/wp-content/uploads/2022/02/image-28-300x136.png 300w, https://blog.finxter.com/wp-content/uploads/2022/02/image-28-768x348.png 768w, https://blog.finxter.com/wp-content/uploads/2022/02/image-28-1536x695.png 1536w, https://blog.finxter.com/wp-content/uploads/2022/02/image-28.png 1745w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<p>Yes, this definitely is an interesting industry for programmers to make $50 per hour and more!</p>
<p class="has-base-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Further Reading</strong>: <a href="https://blog.finxter.com/crypto-trading-bot-developer-income-and-opportunity/" data-type="URL" data-id="https://blog.finxter.com/crypto-trading-bot-developer-income-and-opportunity/" target="_blank" rel="noreferrer noopener">Crypto Trading Bot Developer — Income and Opportunity</a></p>
<h2>Quant Developer</h2>
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<figure class="aligncenter size-full"><img loading="lazy" width="871" height="685" src="https://blog.finxter.com/wp-content/uploads/2022/06/image-76.png" alt="" class="wp-image-411660" srcset="https://blog.finxter.com/wp-content/uploads/2022/06/image-76.png 871w, https://blog.finxter.com/wp-content/uploads/2022/06/image-76-300x236.png 300w, https://blog.finxter.com/wp-content/uploads/2022/06/image-76-768x604.png 768w" sizes="(max-width: 871px) 100vw, 871px" /></figure>
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<p>A <strong>quantitative developer</strong> (i.e., <em>Quant</em>) is a financial programmer focused on financial modeling and quantitative finance and trading.</p>
<p>Quants use their profound knowledge of</p>
<ul>
<li>statistics and math,</li>
<li>finance,</li>
<li>data structures,</li>
<li>algorithms,</li>
<li>machine learning,</li>
<li>scientific computing,</li>
<li>data science,</li>
<li>chart technique, and</li>
<li>data visualization</li>
</ul>
<p>to create models for financial prediction, backtesting, analysis, and implementation of trading and financial applications (e.g., for risk management).</p>
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<iframe loading="lazy" title="Financial Python Coders: $70 to $125 per Hour on Upwork" width="780" height="439" src="https://www.youtube.com/embed/gexjbXRbbWQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
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<p><strong>Question</strong>: How much does a Quant Developer in the US make per year?</p>
<figure class="wp-block-image"><img loading="lazy" width="942" height="556" src="https://blog.finxter.com/wp-content/uploads/2022/05/image-311.png" alt="Figure: Average Income of a Quant Developer in the US by Source." class="wp-image-390860" srcset="https://blog.finxter.com/wp-content/uploads/2022/05/image-311.png 942w, https://blog.finxter.com/wp-content/uploads/2022/05/image-311-300x177.png 300w, https://blog.finxter.com/wp-content/uploads/2022/05/image-311-768x453.png 768w" sizes="(max-width: 942px) 100vw, 942px" /><figcaption><strong>Figure</strong>: Average Income of a Quant Developer in the US by Source. [1]</figcaption></figure>
<p>The expected annual income of a <strong>Quantitative Developer (Quant)</strong> in the United States is between <strong>$86,528</strong> and <strong>$170,000</strong> per year, with an average annual income of <strong>$127,375</strong> per year and a median income of <strong>$136,321</strong> per year.</p>
<p class="has-base-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Further Reading</strong>: <a href="https://blog.finxter.com/quant-developer/" data-type="URL" data-id="https://blog.finxter.com/quant-developer/" target="_blank" rel="noreferrer noopener">Quant Developer — Income and Opportunity</a></p>
<h2>Forex Algo-Trading Python Developer</h2>
<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="457" height="685" src="https://blog.finxter.com/wp-content/uploads/2022/06/image-77.png" alt="" class="wp-image-411662" srcset="https://blog.finxter.com/wp-content/uploads/2022/06/image-77.png 457w, https://blog.finxter.com/wp-content/uploads/2022/06/image-77-200x300.png 200w" sizes="(max-width: 457px) 100vw, 457px" /></figure>
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<p>Forex is short for <em><strong>foreign exchange</strong></em>, and is the <a rel="noreferrer noopener" href="https://www.investopedia.com/articles/forex/10/forex-market-history.asp" target="_blank">largest and most liquid market in the world</a></p>
<p><em>In forex markets, currency pairs are traded in varying volumes according to quoted prices. A base currency is given a price in terms of a quote currency. Forex is considered to be the world’s largest and most liquid financial market, trading 24 hours a day, five days a week.</em></p>
<p><em>The daily global average volume of forex trading was approximately $6.6 trillion as of 2019. (<a href="https://www.investopedia.com/articles/forex/053115/basics-forex-algorithmic-trading.asp" data-type="URL" data-id="https://www.investopedia.com/articles/forex/053115/basics-forex-algorithmic-trading.asp" target="_blank" rel="noreferrer noopener">source</a>)</em></p>
<p>The average salary of a forex trader is <strong>$98,652 per year plus $25,000 in commissions</strong>. But the annual salary of a forex trader can vary widely. Top traders make north of $150,000 but the lowest salaries can be around $11,500. (<a href="https://www.wikijob.co.uk/trading/forex/forex-trader-salaries" data-type="URL" data-id="https://www.wikijob.co.uk/trading/forex/forex-trader-salaries" target="_blank" rel="noreferrer noopener">source</a>)</p>
<p class="has-base-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Further Reading</strong>: <a href="https://blog.finxter.com/a-beginners-guide-to-forex-trading-bots-and-python/" data-type="URL" data-id="https://blog.finxter.com/a-beginners-guide-to-forex-trading-bots-and-python/" target="_blank" rel="noreferrer noopener">A Beginners Guide to Forex Trading Bots and Python</a></p>
<h2>DeFi Developer</h2>
<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="https://blog.finxter.com/wp-content/uploads/2022/06/image-79-1024x576.png" alt="" class="wp-image-411664" srcset="https://blog.finxter.com/wp-content/uploads/2022/06/image-79-1024x576.png 1024w, https://blog.finxter.com/wp-content/uploads/2022/06/image-79-300x169.png 300w, https://blog.finxter.com/wp-content/uploads/2022/06/image-79-768x432.png 768w, https://blog.finxter.com/wp-content/uploads/2022/06/image-79.png 1218w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
</div>
<p>DeFi (or <em>“decentralized finance”</em>) is a term used to refer to financial services transacted on public blockchains.</p>
<p>DeFi is permissionless and open to all. Transactions are routed through a decentralized network or <a rel="noreferrer noopener" href="https://blog.finxter.com/how-much-does-a-blockchain-engineer-make/" target="_blank">blockchain</a>.</p>
<p>DeFi applications provide many of the same services provided by traditional banks such as lending, borrowing, <a rel="noreferrer noopener" href="https://blog.finxter.com/bollinger-bands-algorithm-python-binance-api-for-crypto-trading/" target="_blank">trading</a>, to mention just a few.</p>
<p class="has-base-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Further Reading</strong>: <a href="https://blog.finxter.com/top-defi-articles/" data-type="URL" data-id="https://blog.finxter.com/top-defi-articles/" target="_blank" rel="noreferrer noopener">Top 11 DeFi Articles to Get Started in Crypto</a></p>
<h2>Blockchain Developer</h2>
<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="681" src="https://blog.finxter.com/wp-content/uploads/2022/06/image-80-1024x681.png" alt="" class="wp-image-411665" srcset="https://blog.finxter.com/wp-content/uploads/2022/06/image-80-1024x681.png 1024w, https://blog.finxter.com/wp-content/uploads/2022/06/image-80-300x200.png 300w, https://blog.finxter.com/wp-content/uploads/2022/06/image-80-768x511.png 768w, https://blog.finxter.com/wp-content/uploads/2022/06/image-80.png 1030w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
</div>
<p>Blockchain developers are very often skilled in financial matters — because a Blockchain essentially is a distributed system based on code and some tokenomics.</p>
<p class="has-global-color-8-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a1.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Blockchain is at the intersection of computer science and finance!</p>
<p>The average annual income of a <strong>Blockchain engineer</strong> is between <strong>$105,180</strong> and <strong>$108,560</strong> according to Glassdoor (<a rel="noreferrer noopener" href="https://www.glassdoor.com/Search/results.htm?keyword=blockchain%20engineer" target="_blank">source</a>).</p>
<p>If you decide to go the route as a freelance Blockchain engineer, you can expect to make between $25 and $80 per hour on Upwork (<a rel="noreferrer noopener" href="https://www.upwork.com/ab/profiles/search/?q=blockchain%20engineer" target="_blank">source</a>).</p>
<p class="has-global-color-8-background-color has-background">Do you want to create your own thriving coding business online? Feel free to check out our <a rel="noreferrer noopener" href="https://blog.finxter.com/become-python-freelancer-course/" target="_blank">freelance developer course</a> — the world’s #1 best-selling freelance developer course that specifically shows you how to succeed on Upwork and Fiverr!</p>
<p>A blockchain engineer operates, designs, develops, analyzes, implements, and supports a distributed blockchain network. Blockchain engineers manage specific business models dealing with blockchain technology. (<a rel="noreferrer noopener" href="https://www.blockchain-council.org/blockchain/the-ultimate-guide-to-blockchain-engineer-job-description-and-salary/" target="_blank">Source</a>)</p>
<p class="has-base-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Further Reading</strong>: <a href="https://blog.finxter.com/how-much-does-a-blockchain-engineer-make/" data-type="URL" data-id="https://blog.finxter.com/how-much-does-a-blockchain-engineer-make/" target="_blank" rel="noreferrer noopener">Blockchain Developer — Income and Opportunity</a></p>
<h2>Conclusion</h2>
<p>In this article, I’ve shown you five of the most profitable ways to work as a financial coder:</p>
<ul>
<li>Crypto Trading Bot Developer</li>
<li>Quant Developer</li>
<li>Forex Algo-Trading Python Developer</li>
<li>DeFi Developer</li>
<li>Blockchain Developer</li>
</ul>
<p>If you’re interested in making money with code, feel free to check out our <a href="https://blog.finxter.com/become-python-freelancer-course/" data-type="page" data-id="2072" target="_blank" rel="noreferrer noopener">freelancer educational material</a> on Finxter:</p>
<h2>Where to Go From Here?</h2>
<p>Enough theory. Let’s get some practice!</p>
<p>Coders get paid six figures and more because they can solve problems more effectively using machine intelligence and automation. </p>
<p>To become more successful in coding, solve more real problems for real people. That’s how you polish the skills you really need in practice. After all, what’s the use of learning theory that nobody ever needs?</p>
<p><strong>You build high-value coding skills by working on practical coding projects!</strong></p>
<p>Do you want to stop learning with toy projects and focus on practical code projects that earn you money and solve real problems for people?</p>
<p class="has-global-color-8-background-color has-background"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="?" class="wp-smiley" style="height: 1em; max-height: 1em;" /> If your answer is <strong><em>YES!</em></strong>, consider becoming a <a rel="noreferrer noopener" href="https://blog.finxter.com/become-python-freelancer-course/" data-type="page" data-id="2072" target="_blank">Python freelance developer</a>! It’s the best way of approaching the task of improving your Python skills—even if you are a complete beginner.</p>
<p>If you just want to learn about the freelancing opportunity, feel free to watch my free webinar <a rel="noreferrer noopener" href="https://blog.finxter.com/webinar-freelancer/" target="_blank">“How to Build Your High-Income Skill Python”</a> and learn how I grew my coding business online and how you can, too—from the comfort of your own home.</p>
<p><a href="https://blog.finxter.com/webinar-freelancer/" target="_blank" rel="noreferrer noopener">Join the free webinar now!</a></p>
</div>
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