Over 35s made up 18 per cent of job moves in
banking and finance sectors last year, compared to 14 per cent in 2003, new research has revealed.
According to Joslin Rowe, those aged over 56 made up 0.5 per cent of job changes, compared to 0.1 per cent five years ago.
Tara Ricks, managing director of the firm's permanent recruitment business, explained that often changes in
banking jobs are restricted to the younger workers looking to further their career.
"While part of the reason is that older workers tend to be more settled, apprehension over inequalities in recruitment processes has also played a significant role in holding people back," Ms Ricks stated.
However, age discrimination legislation has led to an increase in older workers switching jobs, she continued, adding that they are now feeling more confident to try new things.
Figures show that the
banking and finance sector employs around 5.7 million people in the UK, 46 per cent of whom are aged over 35 and five per cent 56 or older.
Research by Robert Half found that the salary for a chief
accountant is at a record high of £80,000 on average, even for those who have worked in the industry for just six years.
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