Sarah Butcher: Do you need to know how to code if you want to work in banking?
It’s the new perennial question that we’ve addressed here and here, but J.P. Morgan and Morgan Stanley have provided a more comprehensive answer: sort of.
You’re clearly going to need to know how to code a bit.
J.P. Morgan has begun teaching its junior asset managers and some of its junior bankers how to write code as part of their basic training – this year, 300 of the bank’s asset management analysts and a third of its corporate and investment bank (CIB) trainees are receiving instruction in the coding way.
“Coding is not for just tech people, it is for anyone who wants to run a competitive company in the 21st century,” says Mary Callahan Erdoes, head of J.P. Morgan Asset Management.
Except that, if you want a job as a trader or a…
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