Joslin Rowe Reports Investment Management Industry Holds Firm
on: September 12, 2008, 6:45 am
Release Author: Joslin
Release Summary: The latest Joslin Rowe research shows investment
management firms resist credit crunch and continue to recruit,
especially across portfolio analysis jobs and interim business
analyst/project manager jobs
Release Body: According to new research from Joslin Rowe,
a City recruitment consultancy, whilst the investment banking
sector has been hit hard by the credit crunch, investment management
firms have suffered less from market volatility.
figures from the latest Joslin Rowe research
shows that despite the difficult financial climate, there are
still a number of pockets of hiring, particularly within performance
been a real surge in performance measurement jobs and there just
aren't enough job seekers in the market to satisfy demand",
commented Ms Jalpa Chandarana, manager of the Joslin Rowe
management job recruitment division, "For every 10
performance analysis jobs on the market, there are just 2 candidates."
to the research, the demand for performance analysts is having
a positive impact on the length of the recruitment process, salaries
on offer and progression opportunities. The premium for a performance
analyst to move jobs is, on average, at least £5,000 more
which is exceptionally competitive.
Chandarana explained, "This is a big rise. Most employers
in other sectors just can't offer this and even within the investment
management world, which is doing comparatively well, there still
needs to be some caution - so salaries are remaining steady. So
it's clear just how in demand candidates are for performance analysis
jobs, if this is the increase on offer."
time is also much faster across performance analysis jobs than
within other finance
jobs and investment management roles at around 2-3 weeks rather
than 4-5 weeks. Investment managers are also keen to tempt new
jobs seekers to their firms with better than usual career progression
prospects - particularly moves from performance analysis into
more front office positions.
from a performance analysis job to the front office is usually
very tricky. Investment managers realise this so are trying to
build clearer progression plans between the two areas to tempt
people on board", Chandarana confirmed.
area feeling the benefits of increased demand across the investment
management industry are business analysis contractor roles. The
position of investment management firms in the overall financial
services space means it's an attractive proposition for contractors.
Guttridge, the head of Joslin Rowe's interim recruitment offering,
explained, "The asset management and global custody clients
are a lot busier than banks. Any interim jobs coming in from the
banking community are generally project related, whereby the client
is conducting preparatory analysis of existing processes or systems
to determine whether a project should go ahead - or they have
already committed to implementing a new system, and the position
is focused on the planning, delivery and post-implementation phases
of that new system."
to Joslin Rowe, the difference on the investment
management side, is that whilst many contractor jobs are again
project implementation related, business analyst contractor jobs
have also come in that focus more on market research and product
organisations are looking to use this time to stabilise and maintain
their assets under management, they also see this as a good time
to find seek out market opportunities for the future,"
explained Guttridge, "Put simply, business analyst contractors
and project managers are really in demand."
Established in 1982, Joslin Rowe is one of the leading UK banking
jobs and financial services recruitment firms and a Randstad
company. In 2008, the company won the UK Recruiter award for "Best
Secretarial Recruitment Agency"
Details: Belinda Walmsley
Bell Court House
11 Blomfield Street
+44 7789 682 754