Campion Willcocks’ Market Trends and Salaries report offers unique insight into current needs and changing trends in financial services.
The overwhelming majority of requirements are for interim and contractor change resources in the established banks and financial institutions with a fall in permanent requirements following the Brexit vote, according to Campion Willcocks’ Market Trends and Salaries report.
The leading provider of talented change professionals has published data covering more than 1,600 interim, contract and permanent change roles at 27 financial services organisations across 20 divisions. This survey, now in its second year, provides detailed insight into hiring trends in terms of organisations, demand, roles, geography and salary.
The report highlights the impact on permanent role requirements since the UK’s decision to leave the European Union as organisations wait to see how Brexit will affect their operations.
The most sought after professionals representing over three quarters (83%) were for business analysts, senior business analysts, senior project managers, project managers, programme managers and programme office managers.
On the whole, day rates and salaries remained relatively static compared to last year and the majority of interim and contract professionals were in the £450 to £800 per day range.
Other key findings included:
- Retail banking shows the highest demand followed by commercial banking and investment banking – similar to last year.
- Specialist know-how remains highly valued with Legal, Regulatory & Mandatory (LRM) followed by Cost Reduction and Digital remaining the top three drivers representing 70% of total demand. Customer Experience doubled to 10% and Innovation (5%) was a new driver identified in this study.
- Southern England received almost half of requirements; more than a quarter were in the north; The Midlands doubled in requirements, overtaking Scotland as the third most popular region from last year’s study.
Richard Clifford, managing director at Campion Willcocks, said: “Demand for interim and contract professionals in established banks and financial services companies remains very high compared to permanent resourcing.
“It certainly looks like being another interesting year ahead – in terms of politics, business and the economy, both in the UK and across global markets and it will be fascinating to see how the market continues to develop.”