Careers

03:48 PM
Greg MacSweeney
Greg MacSweeney
Commentary
Connect Directly
LinkedIn
Twitter
Facebook
Google+
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
So Much Data, So Little Time
How fast does data need to be used in order to be beneficial?
Understanding the Value of Big Data
Winning investors are embracing new technologies to make better allocation decisions.
Catch Me if You Can: Risk Hidden in Plain Sight
The digital revolution hasn't yet reached all four corners of the enterprise. Paper-based data and manual workflows are hotspots for risk and are ripe for modernization.
The Ripening Case for Managed Services in Risk Management
Risk management will not escape the trend towards managed service solutions. Managers must prepare to take advantage of the emerging technologies and vendor relationships.
Vigilante Justice on the Digital Frontier
In the face of slow government action, Wild West-style justice has moved to the digital realm, and private organizations risk being caught in the crossfire.
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.