The number of permanent financial services roles in the City is up 80% of over April last year. The Robert Walters City Jobs index1, which tracks the number of jobs available and candidates seeking jobs in the City of London month-by-month, also shows that in April there were a total of 6,150 financial services jobs (contract and permanent) available in the City, compared to just 2,130 candidates, meaning there were 2.9 roles financial services roles available for every jobseeker.
While the number of permanent roles has risen, we have seen a parallel decline in the number of contract roles, down 39% compared to April 2014. Despite this decline, jobs still significantly outnumbered candidates in Financial Services as the volume of jobseekers fell 29% compared to last month. For permanent roles there were 3 jobs to every candidate and 2.6 jobs to each candidate among contract roles.
Matt Crawford, Associate Director, Finance, comments:
“As confidence returns to the City a trend towards permanent over contract hiring is evident among employers.
“The lack of graduate recruitment during the recession has left a severe skills shortage across the City. Employers seeking both newly qualified candidates and junior level management staff with 2-3 years of business relevant experience are struggling fill vacancies. Demand being high has resulted in the best talent securing very competitive job offers and in many cases receiving multiple offers to choose from.
“The key areas that clients are seeking to hire continue to be within the Regulatory Policy and Advisory market and interestingly across internal audit as clients remediate against lax controls and improve the delivery of independent review and assessment in line with key regulatory expectations”.