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To move or not to move?

To move or not to move?

Astbury Marsden has released results from a survey investigating how candidate mobility has changed in the last 12 months and identifying key locations benefiting from these changes.

Of the responses, 82% said they, colleagues or friends were more inclined to move overseas following the deterioration in UK market conditions. 51% of these people said they would not have moved 12 months ago.

When asked where they would prefer to move to, the most popular regions were Europe (30%) and the Americas (26%). More specifically, the most popular cities were New York (7%), Dubai (5%), Hong Kong (5%) and Singapore (5%).

Despite extensive press coverage stating that many are leaving the UK to return to their country of origin in our survey only 13% of respondents gave this as their key reason. When asked what the most important factors were when considering a move, the opportunity presented by the role and the improved work-life balance were the most important factors influencing a persons move.

Craig Album, Director of International comments: It is clear that recent market turmoil has led to a big shift in candidates intended level of mobility within the banking sector. However, as we start to witness the well publicised signs of stabilisation in the job market, future surveys may reflect that candidates mobility is driven more by a desire to seek employment rather than the career opportunities presented by the move itself.

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