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2011 Scotland market update

Accounting jobs in Scotland

For many businesses, 2010 was a year of consolidation and of working hard to identify the key lessons from 2008 and 2009. The Scottish market started to show encouraging signs of a return to growth in the third and fourth quarters of 2010, with permanent job flow outperforming 2009 and the demand for contractors within the financial services space outstripping both the public and commercial private sectors.

The public sector changed its focus to one of cost saving, which has driven a need to recruit accountants from the private sector who are familiar with the challenges of cost cutting and ensuring maximum shareholder return. The public practice market is in recruitment mode, with a high demand for external auditors and high-level consultants that have extensive experience working across a business in decision-support type roles.

2011 has seen a continuation of the upwards trend experienced within the second half of 2010. The industry sectors in Scotland are varied and diverse:

  • Edinburgh: Primarily financial services and banking
  • Glasgow: and the West: Manufacturing, financial services and business-to-business
  • Dundee: Biotechnology, FMCG and SME businesses
  • Aberdeen: Dominated by the oil and gas sector

The four key regions in Scotland all have very heavy public sector presences, with all major councils having head offices in these areas.

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