June wasn’t a great month for finding a new job in financial services. We already know this from recruitment firm Morgan McKinley, which offered some overall figures suggesting the number of financial services jobs in London fell 50% last month compared to June 2011.
Our own figures for the UK confirm that things weren’t great. However, there were gradations of badness. Some sectors grew, or didn’t fall as much as others. Jobs posted in other sectors fell only 20-30%. In others, it was worse.
We’ve categorised the state of June job advertisements by sectors below.
There are some surprises. Jobs in private banking aren’t doing well, despite reports that they are. Today’s news that Goldman Sachs is opening a private bank could make a difference here. Asset management is doing comparatively well, but still falling. Risk jobs are falling faster than M&A jobs. Equities are bad, but FX and money market jobs are doing worse. Maybe July will be better. Maybe it won’t.