The Guardian view on Britain’s new class divide: the skilled center is being hollowed out | Editorial

In the US, the brightest are mentioned to affix AI companies. In Britain, they signal as much as be quantitative analysts. The Monetary Occasions studies that the Metropolis is changing into one of many world’s main “quant” centres. An Oxford don in command of mathematical finance instructed its reporters that the majority his college students ended up working at quant buying and selling companies, on salaries from £250,000 to £800,000. “If you happen to get supplied a wage lower than £250K, you’re type of the unhappy man,” he mentioned, including that “no person I know interviews for JPMorgan, Goldman Sachs  … not as soon as do I hear anyone entertain any of those conventional funding banking jobs.”