The top schools for techs wanting to work on Wall Street

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Financial services firms might be increasingly losing out on the best and brightest new technology talent to new media and tech start-up companies, but they’re still targeting the same elite band of schools.

Wall Street & Technology polled executives working in capital markets on their favored universities to recruit IT talent. The list is doubly interesting because of its candor – most recruiters in financial services 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

Brown University, Rice University, Stevens Institute of Technology, University of Illinois at Urbana-Champaign, University of Pennsylvania and Yale University were also highlighted.

Respondents to WS&T spoke of “communication skills,” “influence management” and even the ability to be “humble.”

As Ian Scott, IT manager, fixed income at BNP Paribas, told us: “A successful IT professional will be self-motivated, organized and thorough, possessing strong analytical and logical skills. They will want to learn and be able to apply experiences to their work. They will be innovative but cost-aware, autonomous but collaborative: somebody that we can easily work alongside.”

In other words, despite the gravitation of tech talent away from the financial sector, banks still expect a lot from their potential recruits.

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