There is some good news across commerce & industry as confidence improves for support professional and also as more jobs become available within financial services.
The good news is that both permanent and contract job levels are on the rise in commerce and industry as confidence has improved. Vacancy levels in the legal sector have increased, as have those in the smaller technology, media, executive search, leisure and advertising businesses. Although the banking and financial services sector is more cautious, there are still some good opportunities available here too.
Within commerce and industry, most permanent demand is at the senior level – the majority of vacancies are for senior personal assistants and executive assistant positions seeking salaries of £32 – 35k. Different priorities are driving the temporary jobs market, with firms looking to these hires to help implement systems improvement projects. If you have worked in the financial services sector and have specific database and advanced MS Office knowledge, you will be in demand for these jobs at the moment.
Most vacancies that are becoming available are for team secretary jobs in the middle or back office. A number of these roles have been based in risk or legal divisions so experience in these areas are particularly valued at the moment.
Team secretaries and personal assistants are being hired on a contract basis. For these jobs, firms are seeking investment banking experience. If you come from a front office, sales or trading background, you will be particularly in demand. Additional language skills – most notably French or German – are increasingly valued.
Overall support salary levels have increased slightly over the past year, although support professionals continue to earn more in financial services than commerce and industry. Depending on specific skills and experience, a personal assistant securing a new job can expect a salary of £30-45k in banking & financial services and £30-38k in commerce and industry. You can call Danika Jarmer on +44 (0)20 7379 3333 for help with setting your market rate.
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