Investment Banks Regain Popularity as Employers of Choice
Investment banks are more popular as employers than at any time in the last three years, according to Randstad Financial & Professional, the specialist recruiter.
The annual survey of over 9,215 Brits, found that the Automotive industry was the most attractive sector to work in. While investment banking came in sixth place, the research showed a significant upswing in the popularity of the sector over the last twelve months.
In 2013, of respondents who knew one or more companies operating in the sector, just 30% of those interviewed said investment banking was an attractive industry to work in. By 2014, that had risen to 35%.
Tara Ricks, MD of Randstad Financial & Professional said: “Investment banking, and the financial services industry as a whole, has been under sustained reputational fire for a number of years now. But as the economy picks up and the Libor scandal and credit-crunch fall into the mists of time, people are remembering what excellent careers the industry offers. Big banks tend to have great employer brands. And no wonder – their remuneration packages are excellent, their training schemes are second to none, and the experience they offer is about as blue-chip as it comes. Add to that sophisticated diversity policies and A-grade talent management and you have an incredibly attractive employment proposition.”
The five least attractive sectors were named as Business Services, Utilities & Energy, Transport & Logistics, Leisure, and Insurance.
The poll was carried out as part of the annual Randstad Award, the largest piece of independent international employer branding research in the world, capturing the views of approximately 200,000 people across 23 countries . The award aims to identify the most attractive large employers in different countries, as judged by the working population.
Automotive giant BMW, which employs approximately 18,000 people in the UK alone, was named the country’s most attractive large employer overall, followed by engineering colossus Rolls Royce. Retailer John Lewis came in third position.
In separate research undertaken by Randstad, financial services professionals were asked if their friends understood the intricacies of their jobs. Just 5 per cent of financial services professionals said their friends had an excellent grasp of what their job entailed – less than half of the national average (12 per cent).
Tara Ricks said, “There’s a lot more to Financial Services than meets the eye. Bankers have to know far more than just the numbers to forge a successful career in the industry – there are a lot of soft-skills that high-fliers in financial services need to excel at including leadership and communication.
This article can be found at http://www.randstad.co.uk/