Financial services IT contractor jobs drop 79 percent

21.02.2011

In contrast, the number of investment banking jobs grew the most, at 23 percent.

Meanwhile, technology staffing firm recently said that IT developers at investment banks were nearly doubling their pay by moving into a new wave of hedge fund start-ups.

In a break from tradition, start-up hedge funds have also started to offer equity to senior-level IT developers, such as CTOs and lead algorithmic developers. instead of just to front-office staff.