I wrote recently about a survey on Where to study quantitative finance in the United States, recently Wall Street & Technology polled executives working in capital markets functions on their favoured universities to recruit IT talent from. The list is doubly interesting because of its candour – most recruiters in financial services publicly profess a lack of preference to any particular schools or degrees when hiring graduates.
In no particular order, here are the five preferred schools:
- Carnegie Mellon University
- Massachusetts Institute of Technology (MIT)
- Rensselaer Polytechnic Institute
- Stanford University
- Georgia Institute of Technology
Other universities that were highlighted included: Brown University, Rice University, Stevens Institute of Technology, University of Illinois at Urbana Champaign, University of Pennsylvania and Yale University.
In the UK, it’s increasingly common for universities to tap into banks’ desire to have new recruits equipped with both technical and financial services know-how, so for example UCL’s MSc in Financial Computing is supported by Bank of America, Goldman Sachs, Credit Suisse and Morgan Stanley, whilst Warwick Business School’s MSc in Finance & IT was coined by Mark Taylor, an ex-MD at BlackRock.
Technically C++, Java and .Net are still the most commonly sought after skills, but any decent technologist needs to come with additional skills. Respondents to WS&T spoke of “communication skills”, “influence management” and even the ability to be “humble”.