Software Development in Wall Street

<p>Is there any need for software engineers in Wall Street and the NYSE?</p>

<p>Quant Finance people?</p>

<p>^Yep, there’s pretty much an entire master’s program based on that called MFE (Master’s of Financial Engineering).</p>

<p>One of my college roommates got a job with Bear Stearns that was pretty much programming.</p>

<p>You should visit PhysicsForums and read posts from a member called twofish-quant.</p>

<p>Reuters and Bloomberg need software engineers</p>

<p>yes, chasely. Financial Engineering.
If you are in NYC, you can attend Baruch College, if you can’t afford the expensive Columbia education.</p>

<p>I was in the IB thread earlier. Someone posted the salaries of the various positions in IB. Although they are very good by normal means, I thought the salaries were quite low considering all the competition for jobs and all the “attributes” one must have: super-high GPA, 1001 extra-curricula activities, a leader of a club or two and attending an Ivy/Target school.</p>

<p>It seems like the possibilities AFTER doing IB work is what hopefuls aim for.</p>

<p>…I was thinking “Hell, I can major is CS from the 50th ranked school and do almost as well after 5 years…with a sub-3.0 GPA. I rather oversleep a few classes due to all-night partying.”</p>

<p>“…I was thinking “Hell, I can major is CS from the 50th ranked school and do almost as well after 5 years…with a sub-3.0 GPA. I rather oversleep a few classes due to all-night partying.””</p>

<p>Really, what are you doing?</p>

<p>

</p>

<p>Me?..contractor to the feds…INTEL & I.T.</p>

<p>Before that, years in data warehousing</p>

<p>Before that, PowerBuilder developer…back when it was hot</p>

<p>Hired right out of college at Westinghouse…never had an internship and was never a 100% CS major.</p>

<p>It’s not hard if you stay on top of what is hot and in-demand.</p>

<p>

</p>

<p>Is that a big “if” or a small “if?” How easy or hard is it to stay on top of the latest technology in your field?</p>

<p>

</p>

<p>For databases, it’s a little easier. When Oracle or SQL Server puts out a new release, it stays out for 3 to 4 years. On top of that, those two never have more than 2 releases out at the same time (current and previous). If you are 2 releases behind, they will phase the oldest release out which basically “forces” companies/customers to upgrade. Some will upgrade 1 version up…some two.</p>

<p>Then there the ways to store and/or distribute the data. Around 1997/1998, data warehousing became very popular. I remember using my OWN money to take some training in that just as my employer (at that time) was ready to start acquiring projects/contracts doing that stuff. Guess who they put on the projects?</p>