Research reveals hiring trends of financial services businesses

Research from recruitment specialists Campion Willcocks has revealed the hiring trends of businesses in the financial services sector.

The Market Trends and Salaries report covered over 1,600 interim, contract, and permanent change roles in 27 financial service organisations across 20 divisions. They identified the types of professionals that were the most sought-after in the 12 months to June 2017.

Demand

The research, which is now in its second year found senior business analysts and senior project were the most in-demand. Also highly sought are professionals in retail banking, commercial banking, and investment banking.

There was also a demand for professionals in Legal, Regulatory, and Mandatory (LRM). Businesses in these sectors are seeking individuals with specialist knowledge, and a continued demand for Cost Reduction and Digital Programmes.

The study also looked at daily pay rates and salaries in financial services and found there was little change in this area. The most sought-after professionals earn £350-£1,200 per day, and the majority of interim and contract professionals earn £450-£800 per day.

High

Commenting on the findings, Richard Clifford, managing director at Campion Willcocks, said: “Demand for interim and contract professionals in established banks and financial services companies remains very high compared to permanent resourcing.

“It certainly looks like another interesting year ahead – in terms of politics, business and the economy. It will be fascinating to see how the market continues to develop.”