The finance jobs most likely to deliver a pay raise in 2018

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While careers in trading and investment banking are some of the more lucrative in all of financial services, most banks are decreasing the size of their overall footprint in the front office. The bulk of all hiring is happening in the middle and back offices. Still, each location is unique. Firms located in the U.S., the U.K. and Singapore all have different needs. We searched through our database to find the jobs that are trending in each locale to identify which skills may put you in the catbird seat if you’re looking to make a move or earn a pay raise.

It shouldn’t come as much of a surprise that wealth management and private banking jobs are hot in the U.S. Some of the more conservative banks like Morgan Stanley, UBS and Wells Fargo have embraced strategies that rely more on sustainable businesses, and wealth management is their cash cow. Even non-commercial banks like Goldman Sachs have increased their presence in private banking as they eye high-net worth clients. That said, if you’re a broker with a strong book of business, you’ll always be in demand. But the U.S. is clearly where you want to be. Wealth management and private banking jobs in the U.S. increased by 153% year-over-year compared to just an 8% jump in the U.K.

Public and investor relations is another hot area, with the number of jobs in our U.S. database growing by 129% during the first quarter compared to a year ago. Cultivating a positive image has been a key point for Wall Street recently, both in terms of public perception but also the ability to recruit against domestic tech giants like Google and Amazon.

With Brexit concerns creating general unease in the U.K., risk management is a key area for local banks. There are currently nearly 1,000 postings for jobs in and around London that would fit under the credit umbrella: credit analysts, credit sales, credit trading and jobs within ratings agencies. Financial firms aren’t handing out money to retail or institutional clients without doing their homework. There are also a number of DCM (debt capital markets) roles that fit under this umbrella.

Singapore is a one of the largest financial capitals in the world, yet local banks need to be creative when hiring due to the simple limitations of the population. They therefore often need to reach out to foreigners, and recruiting ex-pats is extremely labor-intensive. Human resources will always be a key need for Singaporean banks, but it seems that 2018 is an especially good year to have a background in recruitment and HR.

Information services is a rather opaque phrase but a quick perusal through the database shows that most jobs are in the IT field with a particular focus on cybersecurity, compliance and analytics. As tech becomes a much bigger focus for banks, Singaporean firms will need to do even more heavy lifting to reach the talent pool.

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