Finextra: DBS to shrink workforce by 10%
DBS Bank expects to dispense with 4000 contract and temporary employees over the next three years as AI takes centre stage.
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efinancialcareers: Barclays increased graduate hiring 46% in two years, but diversity is falling
Barclays hiked graduate hiring by 46% last year compared to 2022, the last year when graduate hiring figures were provided.
efinancialcareers: McKinsey & Co. partners receive same salaries as VPs in banks
An interesting comparison here – the base salaries of McKinsey & Company partners are very similar to VP level in banks.
efinancialcareers: More financial services quants are spending their gardening leaves at OpenAI
AI research giants like OpenAI are some of the few firms who can match the pay you can earn as a quant in a hedge fund or algorithmic trading firm.
CIO: H-1Bs under Trump: Lots of heat, little action
While the Trump administration combats other immigration, the high-skilled worker visa program appears safe, even with strong opposition from the president’s MAGA base.
CIO Dive: IT leaders turn to upskilling to close looming skills gap
IT leaders are turning to upskilling to close a looming skills gap.
efinancialcareers: Deutsche Bank hired 1,300 technology staff last year. But bad luck to contractors
Deutsche Bank hired 1,300 technology staff last year.
CIO: 67% of digital transformations delayed due to skill shortages
IDC’s latest survey of IT leaders from North America, Asia, and Europe found that a shortage of IT skills has caused delays in product development at 54% of organizations, with 58% reporting product or service quality issues as well.
efinancialcareers: 2025 quant interns are earning $5k per week at Citadel, D.E. Shaw and Point72
2025 quant interns are earning $5k per week at Citadel, D.E. Shaw and Point72.
efinancialcareers: London electronic trading firm pays $3m per partner, $450k to everyone else
I get asked by a lot of people about compensation in the “hedge fund” world. Here is one example – GSA Capital.