Rookie Traders "Down Under" On Sydney's Beaches Are Earning As Much As $400,000 Straight Out Of School

From zerohedge.com

I think we just found where all the recently laid off bankers from Wall Street are going to wind up: Sydney, Australia. Why, you ask? Because rookie traders "down under" are earning as much as $400,000 straight out of school, according to a new Bloomberg report on the burgeoning market for tech-driven trading. Noting that Citadel Securities, IMC Trading BV and Optiver BV all already have established presences on the continent, Bloomberg says that math and science majors may command up to that much to work at trading firms. The city has appeal because of a university system that churns out grads who are familiar ... (full story)