Geeks Rule

• Because algorithms rule the current market and can generate vast sums of money, many people want to get involved in algorithmic trading at the moment. Most professionals who are successful in algo trading have a background in physics, electrical engineering or computer science. Only a few rely on a background of economics alone.
  
  

You Must Be Tech-Savvy

• If you are thinking of becoming an algorithmic trading manager, you must be trained extensively in computers and mathematics. Many job openings for algorithmic trading managers expect that candidates are well-versed in languages such as R, C/C++, MATLAB and other statistical programming languages, along with UNIX/Linux.
  
  

The Sky Is The Limit

• An algorithmic trading manager can expect compensation in the hundreds of thousands to millions of dollars, depending on the size of the funds he is responsible for trading. According to Indeed.com, the average salary for an algorithmic trading manager is approximately $123,000, with the average in New York City at approximately $152,000. This salary does not include bonuses, which can be significant.
  
  

Bonuses Are Where The Money Is Made

• A basic salary of over $100,000 is a healthy income for most people in the U.S., but for an algorithmic trading manager that is the only the base salary. Significant bonuses are added when these professionals earn hundreds of millions of dollars in profit for their firms. In a deal highlighted in Forbes, a former algorithmic trading manager received up to 20% of the profits of the trading unit he was building.