Skip to content
Hays - Recruiting experts worldwide
  1. I am
    I am
Browse by expertise

Executive Support Market Outlook

Getting on board
fmu8

As part of our on-going commitment to sharing meaningful insight into the employment market this newsletter highlights skills in demand, salary trends and expectations for the executive support function in 2013. Covering the investment banking, retail banking and investment management sectors we hope you find it both informative and insightful.

Investment Banking

The career prospects for personal assistants in investment banking are undoubtedly suffering as a result of large-scale restructuring in the sector. Last year executive support staff bore significant redundancies as investment banks cut back on one-to-one roles and hired more junior level staff to handle administrative tasks such as booking travel and processing expenses. Numbers of front office support staff also fell as traders were let go and trading teams diminished in size. As a result the demand for trading floor desk assistants has significantly fallen and they have often struggled to find work within other areas of banking.

Download the full market outlook for more detailed information on the latest recruitment trends...

Retail Banking

An increased number of projects are taking place within retail banking as the sector responds to regulatory pressure in the wake of scandals related to Libor-fixing and money laundering. This has heightened demand for support staff, particularly in temporary and contract roles. Permanent positions within retail banking have also increased slightly year on year, with roles coming up within mostly central functions such as HR, operations and legal. However, the majority are still replacement hires.

Download the full market outlook for more detailed information on the latest recruitment trends...

Investment Management

A strong demand for support staff exists within investment management and employers are actively creating new roles, rather than simply filling replacement or maternity leave positions. Although demand has held, average salaries have dipped year on year from around £39,000 to £32,000. The principal reason for this is that employers have hired less experienced PAs to support large teams rather than senior PAs to fill one-to-one positions. Employers in private equity and real estate investment were particularly active last year as a number of successful firms continued to hire and grow.

Download the full market outlook for more detailed information on the latest recruitment trends...