Salary.sg Forums - View Single Post - Working in a bank
View Single Post
  #16 (permalink)  
Old 17-02-2011, 11:32 PM
Unregistered
Guest
 
Posts: n/a
Default

give this guy a break!
seems lost well at least geninue. for front-office role, most are from top tier mba programs or most recently financial engineeering programs. In the older days, some back-office folks could move to front, but increasingly rare given high quality candidates. A lot of traders are hanging on to their job as openings are increasing rare with tougher regulatory environment curtailing excessive risk-taking. Also traders have short life span, not because they get old or less nimble, but the market transparency and efficiency improves such that there is no competitive advantage anymore, a classic example is G10 FX. Many markets are moving towards tighter spread, and not easy to make money anymore.
Reply With Quote