Pros
Because the compensation is way too low when compare to the market average, management could only hire people who has no/little experience on the subject and ask them to learn. It provides a great learning environment if the individual is a self learner and will become a valuable asset for other banks.
Kontras
Compensation is terrible for people working directly on trading application. Work is highly stressful and challenging as the technology solution team will support front office operation, but getting back office salary pay. Very high turnover on the trading application team and seems like senior management or HR does not want to do anything to it. Spent a lot of money to hire external consultant to do something that should really be done internal. This is because external consultant has a steep learning curve of understanding the infrastructure system in the trading application side. A lot of those millions that pay to the external consultant could really be done by a few full time employee in a few months (cost in unit of 100 thousands) if we could retain qualified employee by paying them the market average salary.