According to the latest job market data from CV-Library, the UK’s leading independent job board, the amount of finance jobs on offer has grown by 10.9% year-on-year, with average pay for new roles also increasing by 5.7%.
The findings, which analysed job market data from July 2019 with the same period in 2018, showed that average pay in the industry currently sits at £35,532, compared to £33,613 in July 2018. Salaries also increased by 2.9% month-by-month, from £34,542 in June 2019.
Lee Biggins, founder and CEO of CV-Library comments: “Our job market data shows that the finance sectors has bucked the trend of slowing down hiring plans during the quieter summer months, which is paving the way for the UK’s job-hunters.
“While the summer months and holiday season are known for being calmer, candidates should make the most of this period. It may be tempting to sit back and enjoy the sunshine we’ve been having, but with salaries and vacancies on the rise, now’s the time to hand in that application you’ve been thinking about!”
What’s more, the findings reveal that applications for new roles in the industry rose by 13% year-on-year, suggesting that candidates have been receptive to the hike in salaries and vacancies.
Biggins continues: “Clearly, more people are looking for work in the industry and this, combined with an increase in salaries and job vacancies, could mean that you face some serious competition when looking for work right now.
“Use this quieter period to dust off your CV and ensure that you're ready to start job-hunting; whether that’s by learning new skills or simply practising your interview technique. Giving yourself a solid head-start is the best way to distance yourself from stiff competition.”