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
5 Tips to Save the Wall Street Datacenter
Though cloud computing and SaaS are all the rage, there is still a need for proprietary Wall Street datacenters, as long as they are run efficiently.
Preventive Measures for Post-Interview Anxiety
Most professionals leave interviews thinking that it went well, and then they wait... and wait. The Caring Recruiter has a cure for the typical post-interview trauma.
Leaving Out the Welcome Mat for Financial Services Hackers
Everyone knows the financial services industry is a prime target for hackers. Despite the dangers, many applications have software vulnerabilities that expose real risks.
4 Surprising Ways Firms Think About Data Security Costs
Almost 28% of firms are willing to bear the cost of some financial losses due to cybercrime, because it's less than the cost of upgrading IT systems.
CIO + CFO Doesn’t Equal Mars Vs. Venus
From my decades of experience, CIOs and CFOs have more in common than you may think.
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.