Financial services market demands higher level of skills from finance professionals
Companies in the financial services market are looking for a broader range of skills from corporate financiers, according to the results of the annual salary survey conducted by Robert Walters, the recruitment specialists. The global survey offers insights into both salaries commanded and current trends within each sector of the market, including corporate finance. Key findings are as follows:
· A shift from a company-driven to a candidate-driven market
· Remuneration packages have become increasingly important to secure a diminishing pool of high calibre recruits
· Top candidates are receiving multiple offers for first time in 18 months
· The shift to IAS and regulatory changes such as Sarbanes-Oxley have boosted finance, accounting and legal recruitment.
?The market is increasingly demanding more skills from prospects, with foreign languages featuring prominently for roles in top tier banks,? says Andrew Chancellor, director of corporate finance recruitment at Robert Walters, adding that the slew of new accounting standards, by putting the emphasis on the technical aspects of accounting, has also seen a demand for those finance executives with an understanding of the more complex aspects of the regulations.