Experienced Hires

Toronto's picture
Rank: Senior Baboon | 184

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?


Comments (2)

Sep 8, 2011

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.

Sep 8, 2011