Experienced Hires

I was looking at some alumni that got into some canadian banks as traders and most of them actually started out doing something else related to S&T or a certain tech role pertaining to derivatives lets say and a few years after graduating they would apply to a different bank as a trader for the area they are working in. Is it easier to break in this way as an experienced hire versus as an intern?

Some of these people worked in s&t at american banks then applied as traders back in Canada, so was the reason they got in because of this foreign experience?

2 Comments
 

well, those algos are being written by someone, and monitored, and updated, so it's more accurate to say that traders are being replaced by algo developers / coders. Those traders that are technologically inclined have a shot at that transition. but are otherwise being replaced by math / comp sci folks.

 

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