Qualified accountant recruitment rises to pre-recession levels


United Kingdom

- Financial services show most sign of recovery as pay rises dramatically
- Commercial businesses also hiring more
- Part-qualified accountants start to begin their job search earlier

Qualified accountant recruitment rose to pre-recession levels during quarter two in financial services firms, according to the latest report from Robert Walters.

Pay also increased dramatically in many cases and employers were offering up to £50-100 a day more for contractors in quarter two than they were during 2009 and quarter one of 2010. Product controllers with five years post-qualified experience commanded £375-475 per day compared with £300-400 at the beginning of the year.

Commercial businesses were also hiring more accountants than during the first half of the year, particularly across the media, retail and property sectors. Individuals with abilities above and beyond traditional accounting skills were most in demand in these companies, with accountants with financial management and Group accounting experience were particularly sought-after.

Ben Bonny, Manager in Robert Walters’ accountancy recruitment division, said:
“During quarter two, recruitment approached pre-recession levels in some financial services firms. For the first time since the downturn, bulge bracket banks began to organise volume hiring events. In other areas, such as retail banking, there was slightly less recruitment activity, but this was primarily due to fewer top-quality candidates being available for in-demand roles rather than a lack of desire to hire.”

“More newly-qualified accountants were also looking for new roles in an increasingly buoyant market. Part-qualified accountants were starting their job search far earlier – up to six months prior to qualifying – compared to quarter one and throughout 2009, a further sign that confidence was improving. Counter offers and buy-backs increased as firms sought to retain their best talent in an increasingly competitive marketplace.”

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