The latest annual Banking & Financial Services Salary Survey from specialist recruiter Michael Page confidently forecasts a bumper year for new job and contracting opportunities in 2015.
The head of Page Executive’s new Banking and Financial Services Practice, Andrew Breach, said that hiring trends for next year were undoubtedly set to outperform 2014’s record. He continued: “Despite increased pressure within the banking and financial services industry, business attitudes remain fundamentally optimistic and 2015 looks positive in terms of the hiring market. Interestingly, the US economy remains robust and is delivering above-trend growth in the banking and financial services industry. The UK, while not performing to the same level as it US counterparts, is delivering strong results and is substantially outperforming mainland Europe.”
Mr Breach sounded a note of caution, however, warning that recent economic data indicates that recovery in both the UK and global economy remains “fragile”, with the result that the outlook for business will stay “in a state of flux”. He added that “significant improvements” have been made since the dark days of 2009 to the extent that “a thriving and buoyant job market is now a reality”.
According to the survey, optimism is soaring at a macro level, with growth gathering pace across a range of front-office areas including asset finance, corporate banking, leveraged finance, and mergers and acquisitions.
In short, the indication are that both permanent and contract roles in the banking and finance sector will multiply further in 2015, with female professionals in particular being sought for more mid- and senior-level posts than ever before in a bid to close the gender gap.