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Demand for UK banking and finance jobs soars 200% in 3 years

The number of job postings for financial services and banking jobs across the whole of the UK has fallen by 30% in three years (November 2011 to November 2014). During the same period, there has been a 180% rise in jobseekers in this sector in London, with the number of people looking for banking and finance jobs far outstripping the number of available jobs in this sector across the whole of the UK.

Key Findings

&middot         Demand for financial services and banking jobs in London has increased by over 180% from November 2011 to November 2014 – with clicks on jobs in this sector on Indeed.com rising from 182,432 to 510,047 in this period

&middot         Demand for financial services and banking jobs across the whole of the UK has risen by over 200% from November 2011 to November 2014 – with clicks on jobs in this sector on Indeed.com rising from 702,843 to 2,171,496 in this period

&middot         At the same time, the number of financial services and banking job listings on Indeed.com in this industry across the whole of the UK has fallen by 30% from 163,975 to 115,187

&middot         Top 5 most in-demand jobs are:

o    Accountant

o    Business Analyst

o    Financial Director

o    Trainee Accountant

o    Credit Controller

David Rudick, VP International Markets at Indeed, said, “Against a backdrop of investment banks stripping trading desks and some retail banks shutting branches, demand for employees in the financial services and banking industry appears to be falling. Yet six years on from the financial crash and the reputation of the banking sector seems to have bounced back, with job seekers in this sector on the rise.

“Movies and popular culture also play a bigger part in jobseeker trends than one might expect. Earlier this year Indeed.com saw job searches for stockbroker positions rise nationwide by 44% following the launch of the hugely popular film Wolf of Wall Street.

“Interest in this sector is good news for employers, but as ever it’s crucial that they follow a rigorous recruitment process to ensure that any new recruits have the right skill set for the role.”

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