Following The Courant's reporting on Connecticut's faltering growth in high-paying jobs [Business section, Sept. 10, "Dim View: State Keeps Losing Ground"], the announcement that Royal Bank of Scotland is expanding its operations in Fairfield County is encouraging [Business section, Sept. 15, "Banks' Move May Bring Hundreds Of Jobs To State"].
More sobering is the reality that Connecticut will struggle to come up with enough workers to meet the needs of a sophisticated operation like RBS - people with advanced quantitative and finance skills combined with programming skills.
I am an executive search consultant. I recently contacted Columbia University's graduate program in financial engineering on behalf of a New York hedge fund that was interested in hiring a person with experience in building complex computer models. I noted that among its students were almost no Americans. Graduates of this program head toward six-figure jobs such as those coming to Stamford with RBS.
Connecticut high school and college students who choose rigorous math and computer courses may eventually qualify for programs like Columbia's - if they will apply.