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This could be bad news for technology graduates who want to join funds in the U.K. and the U.S.

Now hedge funds are hiring technologists in Poland too

It's not just Goldman Sachs, UBS, Credit Suisse and JPMorgan that have big back office and technology centres in Poland. Last month, hedge fund Point72 announced plans to open a Warsaw office with 150 people working across finance, technology and operations in 2021. Now the firm is looking for someone to make those hires. 

Point72 is advertising for a recruitment lead in Warsaw with experience of sourcing technology talent for financial services firms. It says it plans to run a local graduate recruitment program focused on campus hiring and entry level employees in Warsaw, and that it wants its new recruiter to create a strategy that will, "attract and retain the best local talent."

Point72 didn't respond to a request to comment on its Warsaw hiring intentions, but the fund's growth in Poland could be bad news for technologists hoping to join in London or Connecticut, who have historically been extremely well paid. Last year, for example, interns joining Point72’s market intelligence group – those typically with educational backgrounds in data science and analytics – were offered a prorated salary of $80k plus a $5k signing bonus.

Speaking in 2017, Goldman Sachs said the reason it built a technology hub in Warsaw was the broad range of excellent technology students in the Polish capital. At that time, GS was targeting at least six Polish universities (AGH (Krakow), Tadeusz Kościuszko University of Technology (Politechnika Krakow), Warsaw University of Technology (Politechnika), Kozminski University (Warsaw), SGH (Warsaw), and Warsaw University) and pulling in students from Italian universities like Bocconi too.

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Photo by Fumiyama Akira on Unsplash

AUTHORSarah Butcher Global Editor
  • Mi
    4 May 2022

    Warsaw absolutely rocks

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