Citi Looks to Add 2,500 Programmers to Investment Bank This Year

The video discusses the hiring trends in the tech and finance sectors, focusing on Citigroup's programmer count and the impact of electronification on trading desks. It highlights the opportunities for programmers, especially those from prestigious institutions like MIT, and the global competition for tech talent in cities like New York, London, and Shanghai. The discussion also touches on the cost implications of hiring highly paid programmers and the potential for cost savings in the long run.

What was the impact of electronification on the Goldman Sachs trading desk?

• It increased the number of traders.

• It doubled the number of traders.

• It had no impact on the number of traders.

• It reduced the number of traders.

What is the main focus of banks regarding fixed income markets?

• To merge them with equities.

• To reduce their importance.

• To transform them like equities.

• To maintain traditional trading methods.

What was the MIT graduate's role at Goldman Sachs?

• He was a sales representative.

• He was a marketing intern.

• He was a risk model programmer.

• He was a financial analyst.

Which cities are mentioned as hiring hubs for Citigroup?

• Los Angeles, Hong Kong, Singapore

• Paris, Tokyo, Sydney

• London, New York, Shanghai, Dublin

• Berlin, Toronto, Mumbai

What is the expected outcome of investing in programmers according to the transcript?

• Higher initial costs but lower long-term expenses.

• Increased short-term costs with no long-term benefits.

• No change in costs.

• Decreased initial costs and increased long-term expenses.