Careers

03:48 PM
Greg MacSweeney
Greg MacSweeney
Commentary
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

IT Job Prospects Looking Good for Finance Tech Pros

IT workers have reasons to be optimistic about their careers, after two reports say salaries are increasing and technologists are in high demand.

Despite the generally dour mood on Wall Street as firms face new regulations and continued scrutiny from regulators, it seems that things are looking up for technologists in financial services.

Two reports this week point to an improved hiring market for technologists and for risk management professionals. According to eFinancialCareers.com, financial firms say technology and risk oriented skills are in demand, much more than other skills inside of financial services.

It was also good to be a technologist in any industry, according to a report from Dice.com, a career site for technology and engineer professionals. Technologists saw their salaries increases by an average of 5% in 2012, when compared to 2011.

None of this should be surprising. Technology, always the foundation of financial services, has become even more integral to the industry, as data metrics -- the lauded quantitative data analyst role -- are being used by all parts of the business. No longer are quants just needed on trading desks. Now, complex risk management calculations need quants to help crunch the numbers.

Hopefully the improving outlook for technologists in financial services will continue throughout 2013 and beyond.

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio
Comment  | 
Print  | 
More Insights
More Commentary
Real-Time TCA for Decision Support & Transparency
Can transaction cost analysis (TCA) evolve from a post-trade analysis tool to support for real-time decision making? ITG thinks so.
Trust & Commitment In Today's Financial Services Industry
We know that consumers don't trust financial services firms, but The Caring Recruiter points out that financial services industry employees don't even trust each other.
Managing Mobile Risk in the Cloud
Firms should assess their apps and data being exposed to the cloud for the level of security, privacy robustness, and frequency of development updates they require.
What Will the Financial Back Office of Tomorrow Look Like?
Asset managers are increasingly looking to automate their manual back office workflows. Confluence calls it the "back office revolution."
Bankrolling Technical Debt: A Financierís Guide
Technical debt represents the effort required to fix source code or application problems that put the business at risk.
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.