FINANCIAL RECRUITMENT_2

eFinancialCareers.com finds bankers expect to stick around for longer

Plenty of British investment bankers expect to be working aged 45+, according to research by eFinancialCareers.com.

It found that 40% of investment bankers said they planned to retired aged 45 to 50, with only 25% planning to hit the beach aged 40 to 45, and a further 35% planning to bow out before they hit 40.

Sarah Butcher, editor of eFinancialCareers.com, says: ”Investment banking remains a young man and woman’s game with the average bank employee still in their twenties. But this poll suggests the industry is also home to a substantial contingent of more mature employees who aren’t just in it to make money quickly and get out.”

Similar polls in Continental Europe, Asia and Australia revealed that German bankers have similar retirement expectations to their colleagues in London; but in France, Holland, Luxembourg, Switzerland and Hong Kong and Singapore the proportion of bankers expecting to work until their 50s increased substantially with 46.7% of Asian respondents expecting to carry on working past 45. By comparison, early retirement appears most likely in Australia with 31% expecting to retire between 40 and 45, and 40% expecting to retire before 40.

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