The New York Post reports that the scarcity of geek talent is driving up compensation for rocket scientists and younger pros with a handle on modern trading — just as old-school traders are being squeezed out of business.
Annual salaries for the black-box quantitative developers, for example, start at over $1m, while high-frequency, algorithmic traders and other pros can pull down a base of $200,000 — along with breathtaking bonuses of as much as 100% (or more) of base, one top headhunter revealed to The Post.
The problem, according to headhunters who are scouring Ivy League campuses: Not enough top-shelf trading candidates.
Hit the link below to access the complete New York Post article:
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