I keep reading about the amount of money traders and hedge fund managers earn.
In the SMH the other day there was a story about currency traders seeking higher redundancy payments. this would inc 200K base plus bonuses of 40-50k.
So I went to seek and saw job adds for positions such as risk management trading and arbitrage traders - up to 130K plus bonuses.
My question is how hard is it to get a foot in the door. Is it a cut throat industry. If You make a mistake are you gone. I have heard off layoffs and 500 people going for 1 job.
Is the industry now like IT/Computing was after the dot.com crash in 2000/2001. That is salaries coming down and fewer roles to fill but more people looking for work.