Financial services jobs boost for North of England
27 October 2014
Financial services job vacancies in the North of England are growing at the expense of London and the South East as financial institutions shift more jobs to lower-cost areas, according to BrightPool, a recruitment firm for the sector.
Mon, 27 Oct 2014
Financial services job vacancies in the North of England are growing at the expense of London and the South East as financial institutions shift more jobs to lower-cost areas, according to BrightPool, a recruitment firm for the sector.
The company says cheaper cost bases have helped cities in the North enjoy the biggest increase in financial service job vacancies over the past two years up to the third quarter this year:
Meanwhile, financial services vacancies in London fell by 4% over the two years, from 19,888 in 2012 to 19,011 in 2014.
Scotland saw the biggest fall, as uncertainties over devolution stalled recruitment in Q3 2014. Financial services jobs created in Edinburgh fell 20% in the two years to 1,595 in Q4 2014, from 1,995 two years earlier.
The company says cheaper cost bases have helped cities in the North enjoy the biggest increase in financial service job vacancies over the past two years up to the third quarter this year:
- Liverpool 49% up, from 730 vacancies to 1,088;
- York with 43% up, from 980 to 1,406;
- Manchester 41% and Leeds 28%.
Meanwhile, financial services vacancies in London fell by 4% over the two years, from 19,888 in 2012 to 19,011 in 2014.
Scotland saw the biggest fall, as uncertainties over devolution stalled recruitment in Q3 2014. Financial services jobs created in Edinburgh fell 20% in the two years to 1,595 in Q4 2014, from 1,995 two years earlier.
