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Follow on Google News | eFinancialCareers Quarterly Jobs BarometerDespite almost daily news reports of redundancies in the City, the latest quarterly Jobs Barometer by eFinancialCareers shows only a slight decrease in the number of job opportunities in the UK financial sector in Q3 down 2% on the second quarter.
By: GTHMedia The best performers When looking at Q3 2011 over the preceding quarter, solid growth was recorded in private equity/venture capital (up 34%), investment banking/M&A (up 12%), sales & marketing (also up 12%), and corporate banking (up 10%). However, these uplift numbers mask the drop-off recorded in the calendar month of September over August in these same sectors. September new job opportunities in private equity/venture capital were down 22% over August, investment banking/M&A down 21% and corporate banking down 18%. Of Q3’s four fastest growing sectors, only sales and marketing saw the summer rise continue in September, up 16%. The underperformers Off-setting the positive advances in the quarter were declines in operations (down 15%), private banking/wealth management (down 11%), and risk management off 10%. James Bennett, Managing Director of EMEA and APAC, comments: “Reflecting the challenging market conditions, City hiring managers and recruiters are anticipating slower hiring ahead. The next few quarters will likely be a defining moment for the City – and in turn its employment levels - with much riding on the Eurozone’s ability to put is sovereign debt issues in order and the impact any agreed rescue packages may have on the balance sheets of the major investment banks.” The eFinancialCareers Quarterly Barometer tracks UK positions advertised on eFinancialCareers in sectors where there is a minimum level of 300 advertised jobs a month for the quarter. Sectors qualifying for the UK Barometer for the three months ended 30 September 2011 were Private Equity / Venture Capital, Investment Banking / M & A, Sales & Marketing, Corporate Banking, Credit, Consultancy, Research, Trading, Debt / Fixed Income, Hedge Funds, Accounting & Finance, Commodities, Derivatives, Information Technology, Equities, FX & Money Markets, Asset Management, Capital Markets, Quantitative Analytics, Compliance / Legal, Risk Management, Private Banking / Wealth Management, Operations. --Ends-- Please note, the time periods of the eFinancialCareers Quarterly Job Barometer have been adjusted to reflect the calendar quarters. All quarters referenced in this announcement relate to calendar quarters and not quarters referenced in previous releases where quarters started 1st February, 1st May, 1st August and 1st November respectively. About eFinancialCareers eFinancialCareers, a Dice Holdings, Inc. company, is the leading global career site network for professionals working in the investment banking, asset management and securities industries. The website provides financial services professionals with job opportunities, job market news and analysis, salary surveys and career advice. Recruiters and employers can post jobs targeting specific sectors within the financial services industry, both buy-side and sell-side, and can search the resume database for highly qualified and specialized professionals. eFinancialCareers has a network of co-branded career sites with industry-leading trade publications and offers local websites in 19 markets and five languages primarily across North America, Europe, the Middle East and Asia-Pacific. www.eFinancialCareers.co.uk Further press information Please contact Toby Hall/Emma Jones (gth media) on 020 3103 3903/4 for further details. End
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