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Banks compete for scarce big data talent

The rewards of large-scale number-crunching are becoming clear but with specialist skills in short supply, City institutions are fighting for recruits

Investment banks are getting wise to big data – but a demand for staff to help sift through the large volumes of information in financial markets is vastly outstripping supply.

Goldman Sachs, the Royal Bank of Canada, Societe Generale and Barclays are among the banks advertising big data jobs in London, while the Bank of England is also on the lookout for a data scientist to work in a new analytics division, according to its website.

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