Finance graduates can celebrate a hiring boost within London’s financial sector, which has rebounded since the General Election, according to Venn Group.
According to the recruitment company, the number of financial firms hiring declined in the run-up to the General Election, with advertised vacancies falling by 10% in April.
However, the sector has now seen a surge of vacancies being advertised, including a spike in the demand for structured finance specialists and credit analysts.
Employment in the financial sector soars
Project Managers and finance graduates are also needed in order to implement the Financial Conduct Authority’s (FCA) new client asset rules within asset management firms and investment banks.
These rulings will require more staff in the sector as workloads are set to increase, providing a number of opportunities for those hunting for new roles.
Graduates will be pleased to know that this isn’t the first rise in financial jobs available in London, as the number of vacancies rose by 17% in February this year when compared to 12 months previously. Investment banks were the largest contributors to this increase.
Employment boost north of the border
However, it isn’t just the capital that has benefitted from this surge in recruitment, but also north of the border – since the Scottish referendums on independence – according to BrightPool.
Vacancies within the financial sector in the cities of Edinburgh and Glasgow rose to 3,070 at the beginning of May this year, an increase of 21% since September 2014.
BrightPool’s Angela Hickmore said that both Edinburgh and Glasgow “are two of the UK’s great financial services centres with significant reserves of sector expertise”.
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