eFinancialCareers Quarterly Jobs Barometer: Roles in the UK up by a third compared to the same period last year

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 22, 2011 -- Banking and finance vacancies in the City are up by more than third in the three months to 30 April 2011 compared to the same period last year - but growth is slower in certain areas, according to the latest eFinancialCareers UK Quarterly Barometer.

Compared to the same period last year, the most dramatic rises in terms of new positions posted have been in Equities - up by almost 150% – Capital Markets and Research, opportunities in those two other sectors having more than doubled in the year.

However, since the previous quarter (1 November 2010-31 January 2011), the rise in new vacancies has been more modest, standing at just 10%, as compared to 30% in the previous quarter’s Jobs Barometer.

Areas recording the fastest growth according to the eFinancialCareers data were Trading, Derivatives, Commodities, Private Equity/Venture Capital and Equities – all up by over 40% over the preceding quarter.

Professional services which include Consultancy and Accounting & Finance were however amongst the slowest advancers with quarterly growth rates of 9%.

Opportunities within Private Banking/Wealth Management also lagged compared to the previous quarter, with a rise of only 9%.

James Bennett, Managing Director EMEA and APAC for eFinancialCareers said:
"In spite of the poor set of first quarter figures reported by UK banks, employment numbers are up in the City – albeit more slowly than this time last year. Recruitment activity has been particularly brisk in certain hot-spots – such as trading - post the bonus season. It’s likewise encouraging to see some growth in the professional services sector, suggesting the City’s recovery is now beginning to touch the wider employment market.”

The eFinancialCareers Quarterly Barometer tracks UK positions advertised on eFinancialCareers in sectors where there is a minimum level of 300 advertised jobs a month for the quarter. Sectors qualifying for the UK Barometer for the three months ended 31 April 2011 were Capital Markets, Asset Management, Consultancy, FX & Money Markets, Investment Banking / M&A, Trading, Research, Compliance/Legal, Quantitative Analytics, Derivatives, Debt / Fixed Income, Accounting & Finance, Sales & Marketing, Operations, Information Technology, Private Banking / Wealth Management, Risk Management, Equities, Commodities, Hedge Funds, Credit, Corporate Banking, Private Equity / Venture Capital.

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About eFinancialCareers

eFinancialCareers, a Dice Holdings, Inc. company, is the leading global career site network for professionals working in the investment banking, asset management and securities industries. The website provides financial services professionals with job opportunities, job market news and analysis, salary surveys and career advice. Recruiters and employers can post jobs targeting specific sectors within the financial services industry, both buy-side and sell-side, and can search the resume database for highly qualified and specialized professionals. eFinancialCareers has a network of co-branded career sites with industry-leading trade publications and offers local websites in 18 markets and five languages primarily across North America, Europe, the Middle East and Asia-Pacific. www.eFinancialCareers.co.uk


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