Word on the web – attracting recruits in finance

There is some good news for graduates keen to work in finance, but the industry’s tarnished reputation is hampering employers’ efforts to attract recruits

Better by degree

Graduate recruitment in financial services is set to rise by 42% this summer, reports Fundweb.

The news website highlights a new study by Thomson Reuters Income Data Services, which found that financial services firms are planning to hire more graduates than in 2013, when recruitment in the sector fell by 3%.

According to Karen Halliday, Executive Consultant at Coast Specialist Recruitment, one of the reasons behind the expected rise in demand is that graduates are now being considered for roles that previously went to more experienced applicants. “We are seeing that where jobs cannot be filled – which could be in IFA support or financial services administration – companies will consider graduates who are looking to carve out careers in financial services,” she said.

Fundweb story

Nine in ten still consider a career in finance attractive

The negative perception of the finance industry following the 2008 economic crisis is harming the industry’s chances of attracting new recruits. That is according to a survey of chief finance officers and chief operating officers across 100 companies conducted by Robert Half, an accountancy and finance recruitment specialist.

Nearly two in five executives admitted that the industry’s tarnished reputation is affecting its appeal to potential employees. Almost nine in ten executives, however, still believe the financial sector is an attractive place to work.

The survey also found that 87% of businesses in the financial sector are taking steps to improve their reputation among employees. Andy Dallas, Director of Financial Services at Robert Half, told HR magazine that the rise of flexible working, combined with competitive reward, could mean employees enjoying “the best of both worlds”.

 HR magazine story
 

Growth in fund industry opens up jobs for the right candidates

 The global fund industry, meanwhile, is set to undergo a big rise in assets under management over the next five years. This will create a high number of jobs, although there will be some losses elsewhere as banks and other areas of financial services cut back, reports the Financial Times.

PwC recently predicted that assets under management will grow from $64tn today to more than £100tn in 2020. The increase is likely to create jobs across the industry, with recruiters already noting an upturn in demand for sales, marketing, compliance, IT and investment management staff.

Financial Times story


Seen a blog, news story or discussion online that you think might interest CISI members? Email lawrence.cohen@wardour.co.uk
Read your next article on your device with the new MyCISI Member App
Available on App Store and Play Store

Published: 27 Jun 2014
Categories:
  • News
Tags:
  • Young People
  • Behaviour

No Comments

Sign in to leave a comment

Leave a comment

Submit

Further Information

Print edition archive

Take a look at past issues of the CISI membership magazine. Online and PDF copies are available.

View the back issue archive