This colour-coded chart shows which finance jobs are in demand -- and where Wall Street is headed

  • Wall Street recruiting firm Options Group just published its annual compensation report, predicting a decline in 2017 compensation for most traders.
  • In the same report, the firm included a chart forecasting hiring activity in 2018 by activity.
  • In the US, information technology is likely to see high activity while commodities, equity derivatives and electronic markets are forecast to see moderate activity.

If you work in information technology on Wall Street, you’re in luck. Toiling away in equities in Asia? Not so much.

Wall Street recruiting firm Options Group just published its annual compensation report, predicting a decline in 2017 compensation for most traders. In the same report, the firm included a chart forecasting hiring activity in 2018 by business.

The chart predicts high activity for hiring in information technology on the sellside in the US. The sellside includes bankers, broker-dealers and boutiques. In contrast, the firm predicts headcount reductions in cash equities in Asia, and no activity in cash equities in the US.

The hiring forecasts reflect a surge in interest in those with tech or quant expertise. Information technology, electronic markets and quant research and analytics are all forecast to see high or moderate hiring activity on the sellside. Meanwhile, in the investment universe, quant and systematic trading is forecast to see a high level of hiring.

“One of the most important drivers of hiring and compensation trends will be the implementation of technology,” the report said. “Global demand for data scientists and machine learning professionals continues to be robust; current demand to hire these professionals far exceeds the current supply.”

On the sellside, investment banks are spending a fortune to upgrade their tech. Goldman’s attempt to become the Google of Wall Street is even being taught at Harvard Business School, and a recent report by CBInsights showed 46% of Goldman’s recent job listings were in tech. JPMorgan, meanwhile, has created a new position to unleash emerging technology onto its investment bank.

And in investing, traditional stock pickers have been venturing into quant strategies over the past few years. And quant strategies have been hoovering up assets.

Here’s the hiring activity forecast:

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