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Strong Banking & Financial Services Performers to Receive Significant Salary Increases in 2011

31/1/2011

Australia

Banking and financial services institutions will grow headcounts and increase salaries in 2011 due to improving market conditions, according to a Global Salary Survey recently compiled by international recruitment consultancy Robert Walters.

The annual Salary Survey reports that pay reviews will be highly pertinent in 2011, however only the strongest performers are likely to receive significant salary increases.

The survey also reports that the majority of institutions will increase headcounts, but many will continue to take a cautious approach to hiring and focus on recruiting quality rather than quantity. As a result, competition will be fierce for high-calibre candidates.

In addition, Robert Walters’ Managing Director – Australia, James Nicholson, says that rising market confidence will lead to more candidates entering the job market.

“We expect that more professionals will be looking to pursue new opportunities in 2011, after putting their job search on hold during the global financial crisis. In particular, we predict that turnover in the Sydney market in early 2011 will be at some of the highest levels we have seen.”

The survey found that banking and financial services institutions increased hiring levels throughout 2010 as trading conditions improved. Professionals most in demand included:
• Senior relationship managers and business development managers
• Analysts, internal auditors and finance managers
• Specialists with experience in financial analysis and modelling for forecasting
• Product control, technology finance and systems accounting specialists
• Project managers

Robert Walters’ Global Salary Survey is the most comprehensive of its kind. Compiled by the company’s dedicated research team and covering every geographic market and discipline in which Robert Walters specialises, the 2011 survey offers an overview of salaries and recruitment trends from 2010, as well as those expected in 2011.

For more information please contact Renee Palmer on +61 2 8289 3203 or renee.palmer@robertwalters.com.au

About Robert Walters
Robert Walters is one of the world’s leading global recruitment consultancies, specialising in the placement of permanent, contract and temporary positions across all levels of seniority. With offices in Adelaide, Brisbane, Melbourne, Perth and Sydney, our teams of professional consultants are renowned for their professionalism, integrity and exceptional recruitment consultancy services. Using a flexible approach to recruitment, we are committed to matching client needs to candidate aspirations to create mutual benefit for both.