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Credit Trading Will Be a Hiring Hot Spot at Banks, McKinsey Says

  • Banks are poaching, others filling vacancies to meet demand
  • Innovations in trading mean specialists may be left behind
New York City Takes First Steps In Reopening Following Months In Lockdown
Photographer: Sarah Blesener/Bloomberg

Credit trading desks will be a bright spot for hiring on Wall Street in the coming months, according to consulting giant McKinsey & Co., contrasting with the otherwise bleak landscape for many job hunters in the financial industry.

Firms are poised to build up their credit trading desks in anticipation of increased investor demand over the next 12 to 18 months, McKinsey said in a wide-ranging report on the industry’s health.