Rookie Traders Are Earning $400,000 in One Unlikely Markets Hub

Rookie traders are earning salaries of as much as $400,000 straight out of school in Sydney's tech-driven trading hub. Elite math and science graduates command the highest salaries, and the city is becoming an Asia-Pacific hub for tech-driven trading companies.

March 9, 2023 . 2:50 PM

1 min read

Graduate traders are earning salaries of as much as $400,000 straight out of school in Sydney.
Citadel Securities, IMC Trading BV and Optiver BV have established bases, hired rapidly and plan to employ even more.
Elite recruits with math and science backgrounds can command up to that amount.
Sydney has attracted the high-paying roles thanks to a university system that churns out candidates who adapt well to the business, favorable tax policies and a long history in the trading industry.
The hiring spree is focused more on becoming a hub for regional markets than building capability for Australia itself.