Seeking Advice on Focus Areas for Recruitment in TradeOps, Quantitative, and Software Roles
Requesting Guidance on Recruitment Focus for TradeOps, Quantitative, and Software Positions
Hello everyone,
I’m an external recruiter with a background in technology, particularly in trading support, and I’m seeking some advice. Here’s a brief overview of my current situation:
Experience:
– 2 years in external recruitment.
– Developed a network of trading support engineers, successfully placing them at buy-side trading firms (which is the sole focus of my current company).
– Concentrating on TradeOps roles while being advised to steer clear of infrastructure roles (DevOps, networking, cloud), as well as Windows and desktop positions.
The Challenge:
I’m contemplating the next area to specialize in for recruitment.
I’m weighing the options:
– Quantitative Roles (research, development, trading)?
– Software Engineering (data, AI, algorithmic, FPGA)?
Is there significant overlap between quantitative and software positions that I should take into account?
Other Areas of Interest:
– Trading-related positions: trading analysts, traders (in volatility, macro, equity, FX, credit), business analysts, exchange connectivity, middle office, back office.
– With the growing prominence of crypto, should I pivot towards recruiting for crypto-related roles?
Should I prioritize software engineering or quantitative positions moving forward, or is there a more strategic direction I should consider?
My Aspirations:
– Currently earning around £200K annually, with a goal to double that next year.
– Commission ranges from 17.5% to 22.5%, depending on quarterly performance, with a target of £50K per quarter.
Concerns:
Is the market for quantitative and software roles becoming oversaturated?
I appreciate any insights or suggestions you might have. Thank you!
Hi there!
It sounds like you’re in an exciting phase of your recruitment career, and it’s great that you’re thinking strategically about your next focus areas. Here are some insights that might help guide your decision:
Quantitative vs. Software Engineering
Market Demand: Both quantitative roles and software engineering positions are in high demand, especially in finance and trading. However, the demand can fluctuate based on current market trends and technological advancements. Quant roles typically require strong mathematical and statistical skills, while software engineering focuses more on programming and system design.
Overlap: There is significant overlap between the two fields, especially in areas like algorithmic trading, where quantitative methods are implemented using software. Candidates who possess both quantitative skills and software knowledge can be especially valuable, so consider targeting talent who have experience in both areas.
Skills Evolution: Keep an eye on emerging technologies such as AI, machine learning, and blockchain, as these are increasingly relevant in both quantitative and software roles. Familiarity with these technologies can enhance a candidate’s marketability.
Other Trading-Related Roles
Trading Analysts and Traders: These roles are fundamental to trading firms and can often act as entry points for candidates looking to ultimately move into more quantitative or software-focused positions. They also may provide a good pipeline of candidates transitioning into quant or software roles.
Business and Back Office Roles: While these may seem less glamorous compared to front office roles, there is always a need for talent in these areas as well, particularly if there is a demand for efficiency improvements and operational insights.
Crypto Focus
Given the rising interest in cryptocurrencies, exploring recruitment in this niche could yield a higher ROI. However, it’s essential to assess the volatility of the crypto market and the types of skill sets that are emerging as essential in that space.
Market Saturation
Competitive Landscape: While many recruiters are targeting quant and software roles, the specificity of your focus can help you stand out. Given your tech background and experience with trading support, you can build a unique selling proposition by emphasizing your understanding of the sector.
Niche Specialization: Establishing yourself as a specialist in a particular niche (like TradeOps in conjunction with quant or specific software) could set you apart from generalist recruiters.
Recommendations
Network and Get Insights: Continue to expand your network in the quantitative and software engineering communities. Engage with professionals on platforms like LinkedIn and attend industry events or webinars to gain insights into the skills that are in demand.
Upskill: Consider enhancing your understanding of quantitative analysis or software development principles—this could help you better assess candidates and connect with hiring managers.
Consult with Employers: Talk to your existing clients about their future needs. Understanding their long-term hiring strategies can provide clarity on where to focus your efforts.
Good luck with your next steps! It sounds like you have a clear goal, and with the right focus, you can achieve even greater success in your recruitment career.