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A job in finance appears to be safe bet for 2018 and beyond

Thursday, 28 June 2018

The reality of a post-Brexit Britain has brought its fair share of economic uncertainty and regulatory upheaval to the financial services industry. However, accounting and finance graduates are still finding themselves with one of the highest starting salaries of any industry in the UK and that doesn’t look set to change any time soon.

Indeed, as businesses continue their efforts to fortify themselves against the fallout from Brexit, accounting and finance employees are becoming some of the most wanted permanent workers in the UK. And with that increased demand, there has been a steady rise in both vacancies and salaries within the sector.

After the initial reaction to Brexit, (according to a survey carried out by Reuters of 119 firms), some banks have now lowered the estimates for jobs they need to move as they consider more carefully how much of their operations they will need in the European Union if Britain loses access to the bloc’s single market.

The findings suggest London will comfortably remain Europe’s largest financial centre, at least in the short term, and that the threat of job losses from one of Britain’s biggest industries was initially exaggerated.

Read more about the results of the survey.

According to Accountancy Age, jobs in accountancy are ever-increasing across the UK, with firms currently having to use contractors or outsourcing to meet their needs. Accountancy has been busy over the first quarter of 2018 with firms looking to add to their headcount across audit, advisory and tax.

Vacancies are popping up across the UK with a significant number of the roles at newly qualified level. The job market across the UK remains appealing for professionally trained candidates who have choice across the commercial sector, financial services, and other industries. 

Newly qualified accounting professionals in both tax and audit are very much in demand and the continuing rise in popularity of cloud computing tools means that those who are highly skilled, or ‘certified’, in any areas of this software will find themselves in demand. In particular, knowledge of Xero, Quickbooks and Sage Business Cloud will put any General Practice candidates at an advantage.

If you are an accountancy graduate looking for your first role, or have more experience and looking for the next step up, register with Better Prospects today, we have clients looking for your skills.

Sources:

REC (Recruitment & Employment Confederation)

Reuters
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