How can I make big money as a back office tech person at an asset manager?

[baffledbaoutmycareer]

Jump industries to work for a fintech?
become a tech consultant somewhere?

In my experience, in tech, you can find wildly different salaries with similar job descriptions. So it's best to just keep looking and give your all to the high salary ones until it clicks.

My second recommendation is EdTech. The salaries don't reach the same dizzy heights, but the work is highly seasonal, and you're often able to get jobs that have decent pay and long holidays - which can be as much value as higher, but inflexible pay.

I loved the rhythm of EdTech work - three clear points of delivery a year, and a lovely long interval undisturbed by users in the summer to get stuff in order.

Need to keep moving. IT is changing so acquire one skill set and move on. One person I know who is Apple guru has moved to cyber security because that is not going to stop. A sideways move but the company is growing the IT security team and he will be heading it in a couple of years or moving on

How much can cybersecurity professionals make over their careers?
Can they ever make 6 figures unless they hard the Chief of their team, CTO etc.?

Yes likely to be a good move. Keep your knowledge current though as mentioned

I work in tech .

You need to get out of back office and into front office tech.

what is front office tech?

Simple answer is "You can't". Nobody makes the sort of money you seem to be aiming for in the back office.

Front office tech is working on software that’s used by the people who earn money for the bank like traders.

It pays much better than BO tech in general but there are large variances. To work in front office tech you need to have some understanding of the financial products that are being traded.

Check out corporate finance institute https://corporatefinanceinstitute.com there’s an online qualification (CMSA) that gives a good intro to this. You can view some lectures for free before paying the course fee to see if it’s up your street.

You can combine FO tech with being a consultant (either independent or via a consultancy company). This was previously very lucrative but tax changes in recent years means that people working directly for the banks as employees may earn very similar net pay.

But can I use my experience to pivot out of back office tech into the front office or into another industry

"Back Office" is a bit vague ? What technologies are you working with ?

Infrastructure and DevOps aren't badly paid at all. And skills with cloud providers like AWS or Entra (the artist formerly known as Azure) are definitely (a) in demand and (b) business critical. Just ask the muppets who managed to leave an S3 bucket public for Capita recently. And that's before you get involved in the Next Big Thing which is the rapidly dumbing AI wave.

Blockchain can be lucrative if you can avoid the cryptobros.

Back office meaning : Back Office Definition | NetSuite
What companies, sectors etc. in particular would pay well for cloud computing, devops etc. skills?
What is entry level pay for these roles? How does the pay change when I climb up the ladder?

Make of this what you will ....

The companies and sectors seeking cloud computing and DevOps skills in the UK are largely similar to those in the US. You can find relevant roles in technology companies, financial institutions, consulting firms, healthcare organizations, and startups. Some UK-based examples include:

1. *Technology Firms*: Companies like Google, Amazon, Microsoft, IBM have large operations in the UK and often seek cloud computing and DevOps skills.

1. *Banks and Financial Services*: Banks such as HSBC, Barclays, Lloyds, and fintech firms like Revolut and Monzo also seek such skills as they transition to cloud-based systems.

1. *Telecommunications*: Firms like BT, Vodafone, and Sky have a need for professionals with these skills.

1. *Consulting Firms*: Similar to the US, consulting firms such as Accenture, Deloitte, and PwC in the UK often hire professionals with cloud computing and DevOps skills.

1. *E-commerce and Retail Companies*: E-commerce companies, like ASOS, Ocado, and traditional retailers like Tesco with a digital presence, also look for these skills.

1. *Healthcare Organizations*: The NHS and healthcare companies such as GlaxoSmithKline and AstraZeneca are increasingly digital and may require professionals with these skills.

1. *Startups*: Many UK-based startups are cloud-native and offer roles requiring cloud computing and DevOps expertise.

As of my knowledge cutoff in September 2021, for an entry-level role in cloud computing or DevOps in the UK, the salary typically ranges from £25,000 to £35,000 per year. However, this can vary widely depending on the specific role, the company, and the location within the UK. Areas with higher costs of living, such as London, typically offer higher salaries.

With experience, a mid-level cloud engineer or DevOps professional can expect to earn between £45,000 and £70,000 per year. Senior roles can exceed £80,000 per year and higher, again depending on factors like location, company, and the specific responsibilities of the role.

Thank you so much for your insights!
Which sector you mentioned here such as 'start-ups' will earn the most out of all of them?

I wouldn't know, nor care, I'm afraid. I've never really been motivated by Mammon beyond being able to provide for myself, my family and live as good a life as possible in the sneeze of time I am permitted.

I come from a poor family in debt with chronically ill members so I need money to help my family and myself

Word to the wise on startups - they can offer very high pay for similar roles as the other sectors, but are notoriously unstable - they scale up and scale down resources extremely quickly.

Depends on what your experience is, your personal abilities and what the "other industry" is. This question is not really capable of being answered.