More evidence of IT jobs recovery claimed

A Q1 recovery in the IT jobs market in the financial services sector continued into the second quarter of this year, a recruitement agency is claiming.

McGregor Boyall’s Financial Services IT hiring Index tracks the number of vacancies received from a constant range of sixteen financial markets organisations.

“Our last report showed an increase in opportunities during the first two months of the year, and by the end of June we had seen a 255 per cent jump in permanent vacancy numbers compared with the beginning of the year, which is almost unprecedented,” says McGregor Boyall managing director Laurie Boyall.

While not as dramatic a statistic, the contract market saw vacancies jump by 75 per cent compared with the first week of January, suggesting that IT budgets for specific projects are on the increase, the Boyall believes .

“The index also showed that permanent hiring is now, on average outpacing contract hiring on an ongoing basis – a reversal of the 2009 trend,” adds Boyall. “The very sharp increase in permanent roles, which is continuing to outpace contract requirements, indicates an increased level of confidence in the market.”

The most in demand skill sets have continued to be dominated by Developers (41 per cent of vacancies) and Business Analysts’ (16 per cent) of vacancies. The top three most active hirers from a product area perspective have been Risk (14 per cent), Derivatives (13 per cent), and Equities (9 per cent).

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