Data science is the new black. Call it big data, call it data analytics, call it data mining: banks want people who can do it. Banks like Goldman Sachs are investing in big data start-ups. Deutsche Bank appointed Sam Wisnia as head of strategy and analytics last year, before hiring JP Rangaswami as chief data officer in January. Deutsche has now established a new Data Analytics Laboratory in Dublin, for which it is in the process of hiring a new team.
What does it take to get one of these big data jobs in investment banking? The sector is still in its infancy, but some universities are already establishing a reputation for excellence in the sector.
Using the eFinancialCareers CV database, we looked at the universities where people working in data-related quantitative analytics and technology roles at leading investment banks (Goldman Sachs, J.P. Morgan, Morgan Stanley, BAML, Deutsche Bank, UBS, Credit Suisse, Citigroup) have studied. The most popular universities, and the data analytics courses offered there, are shown in the table below.
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