Who gets hired, and why
.NET
Java backend and full-stack
Fintech
Data
GenAI
Test
Cloud and DevOps
Frontend
Generalist software
Also present
.NET engineers. Much of the software that runs an asset manager's portfolios and produces ratings, research and market data was built on the Microsoft stack, and it is still being extended. .NET engineers build and maintain it, mostly at the investment-management platform SimCorp and the ratings and financial-data companies, in C# with Angular, SQL Server and Azure. They are about twice as common here as at most product companies, and they are hired almost entirely with experience.
Java backend and full-stack engineers. Java engineers build the personal-finance and tax products, the clearing and settlement systems behind a trade, and the services of the ratings and data companies. They are the most common opening here, in about their usual proportion. Most roles are full-stack, so the postings require React or Angular alongside Java and Spring Boot, and many also require Python. Java takes the most juniors here.
Software Engineer, Fintech. The hedge funds, the high-frequency traders, the investment-management platforms, like SimCorp and Clearwater Analytics, and the exchange group LSEG hire many engineers under a plain software engineer title. Most of these roles are ordinary backend work in Python and Java on AWS or Azure, where markets are the setting rather than the skill. A smaller part is defined by trading itself, and these postings often require the FIX protocol, the standard language in which trading systems send orders. Together, fintech software engineers are more than twice as common here as at a typical product company, and at the hedge funds they are the main role.
Data engineers. Ratings, indices and market data are data products. Data engineers build the pipelines that collect prices, filings and company data and turn them into what clients read, in Python and SQL with Snowflake and Spark. They are well above their usual weight here, concentrated at the financial-data and ratings companies.
GenAI engineers. Research, ratings and personal finance are full of text that language models can read and write. GenAI engineers build assistants for analysts, research summaries and help for people filing their taxes, in Python with LangChain, SageMaker and the OpenAI API. They are more common here than at most product companies, at the personal-finance app maker Intuit, SimCorp and the data and ratings companies.
Test engineers. A wrong number in a clearing system or a fund's accounts is a serious failure. Testers hold about their usual place overall, and far more than that at the exchanges, like CME Group and ICE, and the clearing house DTCC. They automate in Java with Selenium, JUnit, Cypress and Playwright.
Cloud and DevOps engineers. Cloud engineers are less common here than at most product companies. They run the investment platforms and data services, in Python and Go with Kubernetes, Terraform and both Azure and AWS, and at the hedge funds they also run the trading infrastructure.
Frontend engineers. Fund managers, analysts and advisers spend the day in dense screens of numbers. Frontend engineers build them, mostly in Angular and React with TypeScript, with attention to performance. They are more common here than at most product companies.
Generalist software engineers. Moody's and the investment-accounting company Clearwater Analytics hire many engineers who work across Java, Python and C#, and some C/C++, rather than in one stack.
Also present. Engineers hired for investment-operations knowledge at Clearwater Analytics and DTCC, network engineers at D. E. Shaw, Python engineers at FactSet, Go engineers at the wealth and investing apps, like Dezerv and Rupeezy, Salesforce developers at Morningstar, mobile engineers for the personal-finance apps, like Intuit and Bright Money, integration and platform developers, ServiceNow developers and a few Software Engineer, Security roles at CME Group.
Rare here. SAP and firmware work barely appear.
Where in the Industry Vertical the work is
Market Segment 20.3Financial data, ratings and research hires the most, through the ratings, index, research and market-data companies in Ratings, indices and research and Data and terminals. .NET, Java, GenAI, data and test engineers lead there.
Market Segment 20.2Asset management and fund administration software is second, almost all in The asset manager's system, through SimCorp and Clearwater Analytics. .NET engineers lead, with fintech software engineers, testers and GenAI engineers. Private markets and fund administration hires little.
Market Segment 20.6Stock trading apps and personal finance is almost all Your own money, through Intuit. Java leads, with GenAI, frontend and mobile engineers. Investing and trading apps hires little.
Market Segment 20.1Exchanges, clearing and trading platforms hires mostly in The exchanges and the post-trade, through DTCC and the exchanges, and it is the testing corner, with Java and data engineers beside the testers. The trading software and Private markets and valuations hire little.
Market Segment 20.4Hedge funds and high-frequency trading is the hedge funds and the high-frequency traders. Fintech software engineers in Python lead there, far above their usual weight, with cloud, network and data engineers.
Market Segment 20.5Wealth management and advisory platforms hires little, mostly frontend, cloud, data and Go engineers, and it is the most open to juniors.
Some companies listed here have their main home elsewhere. They are Crisil (Market Segment 18.3, in Industry Vertical 18, Lending and credit), Bloomberg (Market Segment 33.1, in Industry Vertical 33, News, publishing and social media) and TRG Screen (Market Segment 11.1, in Industry Vertical 11, Finance and accounting software). Their hiring is described where they live, not here.
The work is spread across four cities more evenly than in most Industry Verticals. Bengaluru leads, through Intuit, LSEG, Moody's and the hedge funds. Delhi NCR and Hyderabad are close behind, through SimCorp, the ratings and data companies and DTCC. Mumbai is unusually strong, through Morningstar, Clearwater Analytics and ISS.