City headcount expected to expand in 2011

14 December 2010 In Financial Careers

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City recruiters in the finance and banking sectors are generally optimistic about headcount growth in 2011, according to several new reports from industry specialists.

Confidence in the market has shifted positively, compared to this time in 2009 when the situation looked bleak and unstable. Banks are actively strategising to draw in the most capable finance professionals.

Almost half (46%) of banking recruiters have pledged to recruit in 2011, with the majority looking to hire between one and three new members of staff, with a further 20% are planning on hiring between four and ten new recruits. Only 3% stated that they were planning to continue downsizing.

The research was carried out by finance recruiter Poolia. General Manager Andrew Bath commented: “Banks are looking for stability in their teams...There is no doubt that confidence is back.”

The first half of 2011 looks set to be a very positive period for professionals in the banking sector.

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