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Per Bloomberg, Indian new hire traders are being paid as much as $1 million starting salary in a mad scramble by bankers to hire good traders. Note that most institutional traders will not last more than 6 years on average, still higher than 3 month average lifespan of retail. https://t.co/5BfWVZmkY3
“It’s like a Goldilocks situation.” Top traders in India are getting eye-popping salaries while their international colleagues face job cuts https://t.co/YaE2VLgEuM
"It’s like a Goldilocks situation.” Top traders in India are getting eye-popping salaries while their international colleagues face job cuts, as China's growth prospects sour https://t.co/p8gXez4MhL
Top traders in India are receiving lucrative salaries while their international counterparts are experiencing job cuts amidst concerns over China's economic outlook. The central bank's actions have impacted the thriving exchange-traded currency derivatives market in India. Foreign investors are turning to derivative proxies to access Indian debt ahead of its global benchmark index inclusion. Indian finance professionals are seeing unprecedented opportunities, with new hire traders reportedly receiving up to $1 million starting salaries.
