eFinancialCareers: Wall Street High on Programming Skills

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eFinancialCareers has been tracking the rise of the quant on Wall Street, and the signs are everywhere. Quantitative analytics jobs comprise the second largest group of jobs on eFinancialCareers, and it is up 30% year over year. IT is the largest group.

It’s not only job postings. Over the last three months, Wall Street talent scouts have been scouring the talent pool. What skills have been top of mind? It shouldn’t come as a surprise that programming languages and technology skills have dominated the search for talent on eFinancialCareers by a large margin.

Whether big data, algo jockeys, high speed trading, or client service, Wall Street craves tech skills, as revealed by the top skills searched for on eFinancialCareers:

  •     C and Java programming skills – allowing speed of execution, supporting large quantities of data and enabling firms do real-time simulation and modeling
  •     SQL - the language most searched-for skill for querying and manipulating databases

The next four skill sets on Wall Street’s “buy” list are fixed income, risk, project management and business analysis. Technology pervades these jobs as well – just consider these job postings on eFinancialCareers if you want evidence of the evolution of skill expectations:

  •     An investment bank and securities firm hiring for a fixed income quantitative analyst is looking for candidates well-versed in matrix-oriented programming languages such as MATLAB, R, Python, or GAUSS, and a working knowledge of Ruby, VBA, SQL, and database programming.
  •     Another investment bank recruiting for hedge fund administration requires knowledge of SQL server/Visual Basic.
  •     And a world leader in insurance and financial services requires strong development skills and especially programming skills with C++, C# or Java for an associate director in product valuation.

These are the weapons that firms are wielding to manage risk and extract profit in a tighter and trickier environment. The debate around high-speed trading and run-away algorithms aside, this genie is out of the bottle.

Top 10 searches on eFinancialCareers US, June-August 2012

1.Programming languages & databases *
2.Fixed income
3.Risk
4.Project management
5.Business Analyst
6.Accountant/Accounting
7.Operations
8.Financial Planner and advisor
9.Compliance
10.Quants

Programming languages & databases = C, Java, C++, C#, PHP, VBA, Python, Javascript, Perl, Ruby, SQL, .NET, oracle

Ends

Media Contact:

Anne Bourgeois
eFinancialCareers PR Manager
212 370 8553
abourgeois(at)efinancialcareers(dot)com

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