Wall Street is hiring IT talent again. But what skills are in demand?
Says Constance Melrose, managing director at eFinancialCareers North
America, “To modernize Sir Francis Bacon, financial services companies want
to create ‘wealth and means’ through mind, wit, courage, audacity,
resolution, temper, industry and C, C++, C#. Those programming languages top
the list of technical skills most desired in financial markets, as compiled
through analysis of current eFinancialCareers job postings. Companies are
looking to recruit programmers, database administrators and project managers
in various operations including algorithmic trading, risk management and
wealth management to name a few.” Experience counts with employers, says
Melrose, a reality that “creates a bottleneck and lifts compensation. Hiring
managers frequently note staff shortages exist even though technology has
always been integral to the industry. And in New York, average salaries are
20% higher for technology professionals working in finance than the tech
population as a whole.”
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