point to the number of senior roles in accountancy market to show
that all is not doom and gloom
on: February 14, 2008, 7:00 am
Release Author: Joslin Rowe
Release Summary: Joslin Rowe reports that despite recent market
turmoil investment banks are still recruiting for senior vice president
jobs in a show of long-term confidence
Release Body: After a bumpy six months within the investment banking
world, questions have been asked about likely hiring volumes for
2008. However, the number of senior accountancy jobs would seem
to suggest that investment banking recruitment should remain relatively
healthy - for accountants at least.
the last few months several senior vice president jobs have come
to the marketplace. Senior VP jobs, which are also known as director
or executive director roles, depending on the investment bank, are
traditionally a rarity. For every 50 vice president vacancies on
the external market there is usually only 1 senior VP job.
Hall, senior consultant on the Joslin Rowe accountancy
recruitment desk, pointed out: "There's no doubt that
the market for accountants is still very strong. For example, I
am currently recruiting for a senior vice president job within equities
decision support - one step below managing director level. This
role is very attractive for a couple of reasons. The first is the
actual role itself which would give the successful applicant a real
career move away from product control that is still relatively rare.
The second is that it demonstrates market confidence. Senior roles
are often the first to suffer from headcount issues in a bad market
but this isn't proving to be the case in the accountancy world."
according to the recent Joslin Rowe salary
survey senior accountants working in product control jobs within
investment banks have seen their salary rise by 15-20%. This is
a premium on other senior finance
jobs which have commanded in the region of 10%. A senior VP
could typically command up to £120,000 with up to 100% of
their salary again in a bonus. Much of this salary growth has been
driven by candidate shortages. Currently there are just 7 applications
for every 10 accountancy positions and this shows no sign of abating.
Salaries are also maintaining their buoyancy and have not dipped
in the wake of the sub-prime crisis.
Hall believes: "Much has been said about market
conditions but in the accountancy world it would take a huge shift
before we faced an employer or vacancy driven market. For the last
three or four years there have been way more accountancy
jobs than accountants and I can't see this changing."
Established in 1982, Joslin Rowe is one of the
leading financial services
recruitment firms in the UK and Ireland. On 7 April 2006, international
staffing services company Vedior (headquartered in Amsterdam, the
Netherlands) raised its stake in Joslin Rowe's
parent company, The Blomfield Group, from 18% to 70%. Joslin
Rowe recruits for banking HR jobs across London, Edinburgh
and Glasgow including long-term contracts, temporary and permanent
Details: For further information contact:
Bell Court House
11 Blomfield Street
+44 7789 682 754
to previous page...
to home page...
your press releases...