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Front Office market outlook

In The Thick Of the Action
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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 front office function in 2013. Covering the investment banking and retail banking sectors we hope you find it both informative and insightful.

Investment Banking

Equities suffered a difficult year due to the eurozone crisis, a slowdown in growth in China and recessions in nearly all major developed countries. Demand for equities slackened off as fund managers wrestled with shrinking portfolios and bad returns. As a reaction to this, banks cut their equity sales teams, with European equities particularly badly hit. Average team sizes have shrunk from 12 to 8 and bonuses are expected to be low. 

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

Transactional Banking

Global transactional banking was an important growth area for retail banks last year because it’s a low-risk way of generating income. So they invested heavily in staff to help sell their offerings. Further hires in this area are likely to be made during 2013, although transaction strategy experts are most keenly sought after and there is a shortage of them in the market. Banks will need to pay a premium to secure the best candidates.

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