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Credit Suisse here in Switzerland used to only hire PhDs for programming positions. It didn’t matter what the PhD was in - they’d train you how to program. Not
by comrade1234 2y ago
Credit Suisse here in Switzerland used to only hire PhDs for programming positions. It didn’t matter what the PhD was in - they’d train you how to program.
Note: credit Suisse collapsed a few years ago and now no longer exists.
- mp05 2y ago> Credit Suisse here in Switzerland used to only hire PhDs for programming positions. It didn’t matter what the PhD was in - they’d train you how to program. > Note: credit Suisse collapsed a few years ago and now no longer exists. So you're saying that was a sound strategy on their part
- damiante 2y agoCorrelation does not imply causation (but it does stare at it from across the room and suggestively waggle its eyebrows)
- vvpan 2y agoRenaissance Technologies is a very successful hedge fund that almost exclusively hires PhD's to do the coding, no matter what field.
- WorkerBee28474 2y agoI believe RenTech only hires from highly numerical fields. E.g. math, physics, compsci. They also employ <100 PhDs. The entire company is small. Might not be worth mentioning as an employed because the chance of getting in is miniscule.
- currymj 2y agotheir collapse didn't have anything to do with computer systems failing though. they just spent a period of about 10 years making sure they were involved in every major financial scandal due to poor judgment.
- lmm 2y ago> they just spent a period of about 10 years making sure they were involved in every major financial scandal due to poor judgment. Hard to imagine any relationship between that outcome and a policy of exclusively hiring a demographic that's notorious for having high intellectual skills but low life experience. Wait, no, not hard. Easy.
- deleted 2y ago[deleted]
- chirau 2y agoWhat do you mean Credit Suisse no longer exists? It is still there, just as a subsidiary of UBS.
- barry-cotter 2y ago“Collapsed” It was acquired by UBS in 2023.
- lmm 2y agoIt was "acquired" at the demand of the Swiss regulator because it was bankrupt.
- RachelF 2y agoFrom my experience, 40 years ago PhD used to be hard to do and meant that the person who had it was smart. These days the only thing it indicates is that the person spent many years at university.