Communications of the ACM
The Tech Jobs That Banks Can't Fill
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If you have particular technical skills, then you'll have a leg up when you throw your hat into the ring for a banking job — and not just for back-office roles. There are also plenty of open middle- and front-office jobs right now that require technology expertise, many of which banks are struggling to fill.
Above all, data scientists are the most sought-after candidates on Wall Street, especially those with experience working in predictive analytics, machine learning, and artificial intelligence.
"We're looking for talent more on the technical side than the banking side," says Vuk Magdelinic, the co-founder/CEO of Overbond, a fintech firm that digitizes bond origination and issuance.
Dylan Gomez, a principal consultant at Selby Jennings, says that banks are looking to hire candidates with experience using modern open-source technologies for deep learning and neural networks. However, hedge funds can often outbid them for such talent, plus tech firms are competing for those same types of candidates, making those seats hard for banks to fill.
In response, compensation on Wall Street is trending upward for the right candidates.
From eFinancial Careers
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