$350k grad salaries, 30% attrition: How HFT firms lure top talent — and weed out weaker performers
They may fly under the radar, but high-frequency trading firms are home to some of the best paid jobs in the country. If you can hang onto one.
Australian university graduates are being lured to secretive high frequency trading firms with some of the biggest starting salaries in the country - but face an intensely competitive process to just hang on to their jobs.
Current and former employees granted anonymity to discuss their experiences at the firms told Capital Brief that global demand for talent has pushed new salaries to high-watering levels even as the number of applicants skyrockets.
Traders at the Sydney firms, who look to exploit small discrepancies in markets for enormous profits, are being wooed with day one salaries better than doctors.
Those at Dutch-founded Optiver are amongst the best paid, according to industry sources, offering starting salaries of up to $350,000 for new traders and quants in Australia.
