Five top trends in financial services hiring

The landscape of the financial services industry is in a state of flux, driven by technological advancements, shifting economic conditions, and evolving regulatory environments. Understanding these changes is crucial for professionals looking to develop their career in this competitive landscape.

Our ‘Guide to Careers in Credit’ provides a comprehensive overview of the essential skills, key roles and salaries in the credit sector. Download your copy here.

Here we highlight five top trends influencing recruitment in financial services.

1. Tech talent

One of the most pronounced trends in financial services hiring is the soaring demand for tech- savvy professionals. As financial institutions increasingly embrace digital transformation, there is a growing need for expertise in areas such as data science, cybersecurity, artificial intelligence (AI), and blockchain technology.

2. Essential skill sets

Crucial skills for success include strong analytical and quantitative abilities, coupled with excellent relationship-building skills. Proficiency in tools like Excel and programming languages such as Python is increasingly important as the industry embraces data-driven decision-making.

3. Rising salaries

Salaries have been trending upwards, reflecting the growing demand for expertise and the increasing complexity of the sector. As roles become more analytical and value-driven, compensation is expected to continue rising. This trend makes credit not only a rewarding career in terms of job satisfaction but also financially lucrative.

4. Global opportunities

Credit professionals have the unique advantage of working in a field with extensive international opportunities. Many firms operate on a global scale, offering roles in multiple countries.

5. ESG considerations

Environmental, Social, and Governance (ESG) factors are becoming increasingly important in credit analysis. Analysts are now required to incorporate ESG criteria into their assessments, reflecting the industry's growing focus on sustainability. This shift underscores the need for professionals who are knowledgeable about ESG issues and can evaluate their impact on creditworthiness.

For more information on career pathways, roles and salaries download ‘A Guide to Careers in Credit’.