Banking professionals moving jobs

46% of professionals in banking say they are likely to change jobs over the next six months, a study by specialist recruiter Robert Walters indicates.

A third are seeking to move immediately, taking advantage of the improving economy and demand from employers looking to boost headcount or rekindle succession plans.

The figures are partly explained by discontent over salaries and bonus packages. Among those sampled, 31% did not receive a pay rise this year, and more than a quarter were not offered a bonus.

However, over half say the most attractive lure of a new job is the opportunity to advance up the career ladder.

Matthew Crawford, Banking & Financial Services Associate Director at Robert Walters, comments:

“The flow of new jobs and the rate at which they are being filled is a well-established barometer of hiring confidence. Just as an economic downturn is frequently marked by a dip in the number of professionals looking to change roles – even for more money or improved career opportunities – a rise in the number of active job seekers characterises an increasingly optimistic market.

“However, while many are looking to move on, the limited supply of financial services candidates who offer the right mix of skills and experience is already generating intense competition among employers, particularly for highly specialist professionals in areas such as quantitative risk or compliance.

“Many will be expecting to receive considerably enhanced pay, bonus and benefits options as standard, as well as the chance to further develop their career.”

To request further information or comment, please contact:

Alan O'Doherty

Tel: +44 (0)20 7509 8839

Email: alan.odoherty@robertwalters.com

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