eFinancialCareers Q4 2011 Job barometer: A tale of two halves
eFinancialCareers Q4 2011 Job barometer: A tale of two halves
London (PRWEB UK) 21 February 2012
By late 2010, the global banking and finance industry had demonstrated its resilience, and by mid-2011, most of the numbers depicted an industry that had emerged from the 2008 financial crisis. By the second half of 2011, however, banks and financial institutions were impacted by the sovereign crisis in Europe and the depressed global economic outlook. The number of job opportunities for finance professionals in the UK, Continental Europe and APAC in 2011 mirrored the market, posting growth in the first half of the year, followed by a decline in the second half. In those regions, the number of job opportunities increased 4% year-on-year for the quarter ended December 31, 2011, from 7,254 average daily job postings in Q4 2010 to 7,515 in Q4 2011. Asia Pacific recorded the strongest growth (+6%) over the period, followed by Continental Europe (+4%) and the UK (+2%).
Chart : Average daily job postings in the UK, Continental Europe and Asia Pacific, Q4 2010 and Q4 2011 (please contact press office if you are unable to view the table)
Source: eFinancialCareers
Moderate growth in the UK
The number of job postings for finance professionals in the UK showed an overall year-on-year growth of 2% in the fourth quarter of 2011. The number of job opportunities declined by 8% from Q3 to Q4 2011. In a ‘normal’ market environment, recruitment activities in the Front office tend to slow down in the last quarter of the year as professionals wait for their bonus payouts before making a move. On the recruiter side, this is an expensive period to hire as they need to buy out a large proportion of their bonus to snap up top talent. This quarter’s slowdown, however, is more likely to be a reflection of the market uncertainty rather than costs or bonuses.
Top sectors advancers and decliners
When looking at Q4 2011 over the preceding quarter, positive growth in the number of job opportunities was recorded in private equity/venture capital (+6%), hedge funds (+ 6%), and compliance/legal (+5%).
Three sectors registered strong losses over the same period: operations (-28%), consultancy (-23%) and equities (-20%).
Table: Top sector Advancers and Decliners in the UK, % change in job postings by sector, Q4 2011/Q3 2011
Private Equity / Venture Capital 6% Operations -28%
Hedge funds 6% Consultancy -23%
Compliance/Legal 5% Equities -20%
Source: eFinancialCareers
The private equity sector has been more reluctant to make redundancies than other areas of finance, and has instead encouraged a proportion of partner level employees to retire to make cost-savings. This has prompted some internal promotions and therefore a need to recruit externally to replace those moving up. eFinancialCareers is also seeing pockets of hiring activity within certain sub-sectors, notably distressed-focused investors and for private equity professionals with mid-market experience.
Banks and financial services firms have been deluged with a number of new regulatory initiatives, which has increased the burden on their compliance teams. In the past, banks were reluctant to hire for non-revenue generating positions, but mandatory regulation has placed too great a strain on their compliance teams and they have been forced to bolster these divisions.
Hedge funds performance was badly affected throughout 2011, but some smaller funds have held up relatively well and a raft of start-ups throughout the year has ensured a steady uplift in the number of roles. While the larger funds have cut back headcount in recent months, there are still opportunities within technology and operational functions.
Demand for operations professionals has suffered most over the period, recording a decrease of 28% in the fourth quarter of 2011. Banks have been looking for cost-efficiencies through streamlining their operational functions. Very often this means combining back office teams across multiple platforms, a shared services model, or offshoring (or near-shoring) these functions to cheaper locations.
“It is clear that business as usual is not an option for banks and financial institutions as they grapple with a changing operating environment,” comments James Bennett, Managing Director for EMEA and APAC. “Ongoing concern surrounding the Eurozone sovereign debt and the volatility of the stock markets have ‘darkened the moods’, and as a result, the City’s recruitment activities have been focused more on replacement and restructuring hiring rather than new hires. Looking forward into 2012, eFinancialCareers believes this pattern of recruitment activity will continue until there is more clarity on some of the issues impacting financial services.”
Notes to editors
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 December 2011 were Private Equity / Venture Capital, Investment Banking / M & A, Sales & Marketing, Corporate Banking, Credit, Consultancy, Research, Trading, Debt / Fixed Income, Hedge Funds, Accounting & Finance, Commodities, Derivatives, Information Technology, Equities, FX & Money Markets, Asset Management, Capital Markets, Quantitative Analytics, Compliance / Legal, Risk Management, Private Banking / Wealth Management, Operations.
For media enquiries or to arrange an interview with eFinancialCareers, please contact:
Anne Bourgeois
abourgeois(at)efinancialcareers(dot)com
M: +44 (0) 7432 736 221
About eFinancialCareers
eFinancialCareers, a Dice Holdings, Inc. service, 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 19 markets and five languages primarily across North America, Europe, the Middle East and Asia-Pacific. http://www.eFinancialCareers.co.uk
# # #
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
eFinancialCareers Q4 2011 Job barometer: A tale of two halves
eFinancialCareers Q4 2011 Job barometer: A tale of two halves
London (PRWEB UK) 21 February 2012
By late 2010, the global banking and finance industry had demonstrated its resilience, and by mid-2011, most of the numbers depicted an industry that had emerged from the 2008 financial crisis. By the second half of 2011, however, banks and financial institutions were impacted by the sovereign crisis in Europe and the depressed global economic outlook. The number of job opportunities for finance professionals in the UK, Continental Europe and APAC in 2011 mirrored the market, posting growth in the first half of the year, followed by a decline in the second half. In those regions, the number of job opportunities increased 4% year-on-year for the quarter ended December 31, 2011, from 7,254 average daily job postings in Q4 2010 to 7,515 in Q4 2011. Asia Pacific recorded the strongest growth (+6%) over the period, followed by Continental Europe (+4%) and the UK (+2%).
Chart : Average daily job postings in the UK, Continental Europe and Asia Pacific, Q4 2010 and Q4 2011 (please contact press office if you are unable to view the table)
Source: eFinancialCareers
Moderate growth in the UK
The number of job postings for finance professionals in the UK showed an overall year-on-year growth of 2% in the fourth quarter of 2011. The number of job opportunities declined by 8% from Q3 to Q4 2011. In a ‘normal’ market environment, recruitment activities in the Front office tend to slow down in the last quarter of the year as professionals wait for their bonus payouts before making a move. On the recruiter side, this is an expensive period to hire as they need to buy out a large proportion of their bonus to snap up top talent. This quarter’s slowdown, however, is more likely to be a reflection of the market uncertainty rather than costs or bonuses.
Top sectors advancers and decliners
When looking at Q4 2011 over the preceding quarter, positive growth in the number of job opportunities was recorded in private equity/venture capital (+6%), hedge funds (+ 6%), and compliance/legal (+5%).
Three sectors registered strong losses over the same period: operations (-28%), consultancy (-23%) and equities (-20%).
Table: Top sector Advancers and Decliners in the UK, % change in job postings by sector, Q4 2011/Q3 2011
Private Equity / Venture Capital 6% Operations -28%
Hedge funds 6% Consultancy -23%
Compliance/Legal 5% Equities -20%
Source: eFinancialCareers
The private equity sector has been more reluctant to make redundancies than other areas of finance, and has instead encouraged a proportion of partner level employees to retire to make cost-savings. This has prompted some internal promotions and therefore a need to recruit externally to replace those moving up. eFinancialCareers is also seeing pockets of hiring activity within certain sub-sectors, notably distressed-focused investors and for private equity professionals with mid-market experience.
Banks and financial services firms have been deluged with a number of new regulatory initiatives, which has increased the burden on their compliance teams. In the past, banks were reluctant to hire for non-revenue generating positions, but mandatory regulation has placed too great a strain on their compliance teams and they have been forced to bolster these divisions.
Hedge funds performance was badly affected throughout 2011, but some smaller funds have held up relatively well and a raft of start-ups throughout the year has ensured a steady uplift in the number of roles. While the larger funds have cut back headcount in recent months, there are still opportunities within technology and operational functions.
Demand for operations professionals has suffered most over the period, recording a decrease of 28% in the fourth quarter of 2011. Banks have been looking for cost-efficiencies through streamlining their operational functions. Very often this means combining back office teams across multiple platforms, a shared services model, or offshoring (or near-shoring) these functions to cheaper locations.
“It is clear that business as usual is not an option for banks and financial institutions as they grapple with a changing operating environment,” comments James Bennett, Managing Director for EMEA and APAC. “Ongoing concern surrounding the Eurozone sovereign debt and the volatility of the stock markets have ‘darkened the moods’, and as a result, the City’s recruitment activities have been focused more on replacement and restructuring hiring rather than new hires. Looking forward into 2012, eFinancialCareers believes this pattern of recruitment activity will continue until there is more clarity on some of the issues impacting financial services.”
Notes to editors
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 December 2011 were Private Equity / Venture Capital, Investment Banking / M & A, Sales & Marketing, Corporate Banking, Credit, Consultancy, Research, Trading, Debt / Fixed Income, Hedge Funds, Accounting & Finance, Commodities, Derivatives, Information Technology, Equities, FX & Money Markets, Asset Management, Capital Markets, Quantitative Analytics, Compliance / Legal, Risk Management, Private Banking / Wealth Management, Operations.
For media enquiries or to arrange an interview with eFinancialCareers, please contact:
Anne Bourgeois
abourgeois(at)efinancialcareers(dot)com
M: +44 (0) 7432 736 221
About eFinancialCareers
eFinancialCareers, a Dice Holdings, Inc. service, 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 19 markets and five languages primarily across North America, Europe, the Middle East and Asia-Pacific. http://www.eFinancialCareers.co.uk
# # #
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
MyPC Backup Awarded Best New Backup Company for 2011 by Online Backup Search
MyPC Backup Awarded Best New Backup Company for 2011 by Online Backup Search
Atlanta, Ga (PRWEB) January 11, 2012
http://www.onlinebackupsearch.com announced that MyPC Backup is their favorite new company for 2011. This online backup award is given to a company that hits the ground running in many areas of online backup.
Online Backup Search monitors all of the new companies coming on to the online backup market and chooses the best one. Read more on the MyPC Backup review page.
Steven Johnson, reviewer at Online Backup Search said, “MyPC Backup does a good job with backup. It has unlimited backup, a really clean interface and works seamlessly. There are some improvements we think that they could make, but overall they have done a great job for the first year on the market. We expect to see MyPC Backup get better as the years progress.”
To win the award for best new backup company they looked at how the company brought new ideas to the industry, handled customer relations, and how they set up plans for marketing.
The editors like MyPC backup for several reasons. Including syncing multiple computers, unlimited storage, encrypted and secure backups, and their service is accessible from anywhere. Their cheapest plan is $ 4.95 a month which includes unlimited backup.
About Online Backup Search — Online Backup Search, established in 2010, is owned and managed by Intown Web Design of Atlanta, GA. The site was created as a place for online backup users to post reviews and learn about the best online backup companies. It is a website that helps to the online backup community. For more information: http://twitter.com/backupsearch
About Intown Web Design (http://www.intownwebdesign.com) — Located in Atlanta, Ga, they are a web design and development firm with a focus on creating functional websites for business. Clients range from startups to corporations traded on the NYSE. Founded in 2007, with a specialty in open source technologies including PHP, Joomla and WordPress. They have continued to expand their expertise into improving site performance, usability and search engine rankings.
# # #
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related NYSE Press Releases
MyPC Backup Awarded Best New Backup Company for 2011 by Online Backup Search
MyPC Backup Awarded Best New Backup Company for 2011 by Online Backup Search
Atlanta, Ga (PRWEB) January 11, 2012
http://www.onlinebackupsearch.com announced that MyPC Backup is their favorite new company for 2011. This online backup award is given to a company that hits the ground running in many areas of online backup.
Online Backup Search monitors all of the new companies coming on to the online backup market and chooses the best one. Read more on the MyPC Backup review page.
Steven Johnson, reviewer at Online Backup Search said, “MyPC Backup does a good job with backup. It has unlimited backup, a really clean interface and works seamlessly. There are some improvements we think that they could make, but overall they have done a great job for the first year on the market. We expect to see MyPC Backup get better as the years progress.”
To win the award for best new backup company they looked at how the company brought new ideas to the industry, handled customer relations, and how they set up plans for marketing.
The editors like MyPC backup for several reasons. Including syncing multiple computers, unlimited storage, encrypted and secure backups, and their service is accessible from anywhere. Their cheapest plan is $ 4.95 a month which includes unlimited backup.
About Online Backup Search — Online Backup Search, established in 2010, is owned and managed by Intown Web Design of Atlanta, GA. The site was created as a place for online backup users to post reviews and learn about the best online backup companies. It is a website that helps to the online backup community. For more information: http://twitter.com/backupsearch
About Intown Web Design (http://www.intownwebdesign.com) — Located in Atlanta, Ga, they are a web design and development firm with a focus on creating functional websites for business. Clients range from startups to corporations traded on the NYSE. Founded in 2007, with a specialty in open source technologies including PHP, Joomla and WordPress. They have continued to expand their expertise into improving site performance, usability and search engine rankings.
# # #
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related NYSE Press Releases
Bluegreen Wilderness Club at Big Cedar Wins Branson 2011 Green Initiative Award
Bluegreen Wilderness Club at Big Cedar Wins Branson 2011 Green Initiative Award
Boca Raton, Fl (PRWEB) December 29, 2011
Bluegreen Vacations, a leading provider of Colorful Places to Play, today announced its Missouri resort, Bluegreen Wilderness Club at Big Cedar was presented the City of Branson’s 2011 Green Initiative award for its eco-friendly practices. Bluegreen Corporation is honored and proud to receive the award.
While Bluegreen Wilderness Club is decidedly focused on rustic luxury, with 18 Concierge and Presidential villas, slate and hardwood floors, flat-screen TVs, exquisite fireplaces, stainless steel appliances and soft, comfortable and inviting furniture and bedding; it is also diligent about remaining energy conscious and eco-friendly. While we continue to evolve our practices to become as energy efficient and eco-friendly as possible, we have already accomplished many great things.
At Bluegreen Wilderness Club, we are diligent about the following:
Landscaping practices to reduce use of water and fertilizer to guard against runoff into Table Rock Lake, and to recycle organic materials into the soil by composting and mulching
The living ‘green’ roof at Indian Creek Swimming pool Pump House and the emphasis on sustainability throughout the newly constructed Indian Creek Lodge
Recognition by the Missouri Department of Natural Resources Certified Green Lodging Program
Participating Property, “Clean the World” Program to recycle soap products for distribution to needy, third-world countries to provide sanitizing cleansers to combat infection transmission and to reduce the impact of these cleaning products on our landfills and groundwater
Encouragement to all guests to participate in our resort-wide commitment to recycling by providing convenient containers for collecting recyclable materials
The resort’s recycling programs divert and transport an estimated 128.5 tons of recylcable material that would otherwise be sent to a landfill
Use of energy efficient and solar lighting fixtures where practicable
Use of water/energy conserving fixtures where practicable
These aspects of our green culture were recognized by the City of Branson during the 2011 Green Initiative award ceremony.
“We are honored to receive this award, as we believe instilling a culture of environmental respect and sustainability is an important part of living and working in The Ozarks,” explains Howard Kitchen, General Manager of Wilderness Club at Big Cedar. “As a Bluegreen Corporation resort, we are proud to represent the timeshare industry with a positive, environmentally friendly award.”
ABOUT BLUEGREEN CORPORATION
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen Corporation (NYSE:BXG) is a leading timeshare sales, marketing and resort management company. Bluegreen Resorts manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 160,000 owners, over 59 owned or managed resorts, and access to more than 4,000 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based service resort management, financial services, and sales and marketing on behalf of third parties. For more information, visit http://www.bluegreenonline.com. See what Bluegreen owners are saying on Facebook, or follow us on Twitter.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Find More NYSE Press Releases