Some of the recent financial crisis was blamed on the reckless culture of gambling on Wall Street. The LA Times reports today that they are now literally hiring people with few qualifications beyond a love of poker.
From the article:
The 30-year-old never went to business school or even took a finance class. But he knew poker. He had made a living playing the game online for six years from his Manhattan apartment, betting on up to eight hands at a time.
Within a few days, Fargis - with no Wall Street experience - was offered a position trading stock options, a job that entails making multimillion-dollar gambles. His poker skills sealed the deal.
It's cheaper than business school.