Sunday, July 8, 2007
Finance employees with tech expertise will be popular in the coming years
Demographic crunch
The Millennials' (born in 1980s) arrival in the workforce heralds a demographic crunch. The baby boomers' child-bearing years peaked in 1990. Those born that year are the cohort graduating from high school in 2008. The birthrate fell 9% in the following nin years, according to the National Center for Health Statistics.
Fighting for employees with tech background
The securities industry earned 19.5% of ites net revenue from computerized trading in 2006, up from 12.6 percent in 2005, a Sifma report says. Meanwhile, the number of U.S students choosing computer science as a major plummeted 39% in the five academic yers ended in 2006, according to the Washinton-based Computing Research Association. Probably due to the dot.com meltdown.
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