Banking and finance salaries set to increase despite slow 2012

The salaries of banking and finance professionals are set to increases in 2013, despite pockets of market uncertainty, according to the latest Global Salary Survey from specialist recruitment consultancy Robert Walters.

The survey found the biggest increases are expected for management accountants of up to 12%, compliance analysts of up to 10%, and underwriters of up to 9%.

Andrew Hanson, Robert Walters Sydney director of finance recruitment explains, "Despite a slightly shaky global economy, the local banking and financial services recruitment market performed relatively well in 2012. The major focus was on building strong teams that could generate revenue within functions such as wealth management, investments, and superannuation. We expect the demand for experienced professionals to continue through 2013, with organisations recruiting quality over quantity, and willing to pay a premium for those key professionals that can positively impact the business."

The survey also found:

Smaller credit unions, second tier banks and superannuation firms hired strongly, with teams rebuilt as consumers began to reinvest

Demand for niche self managed super fund skill sets increased as more retail consumers tool control of their investment strategies

Financial services institutions will continue to be cost driven, and there will be increased hiring of business analysts who can indentify cost savings

Now in its 14th year, the Robert Walters Global Salary Survey is the most comprehensive of its kind. Compiled by the company's dedicated research team and covering all 24 countries and disciplines in which Robert Walters specialises, the latest edition offers an overview of salaries and recruitment trends from 2012, as well as those expected in 2013.

For more information please contact Lillian Hafez on +61 2 8289 3237 or lillian.hafez@robertwalters.com.au.

About Robert Walters

Robert Walters is one of the world's leading global recruitment consultancies, specialising in the placement of permanent, contract and temporary positions across all levels of seniority. Our teams of professional consultants are renowned for their professionalism, integrity and exceptional recruitment consultancy services. Using a flexible approach to recruitment, we are committed to matching client needs to candidate aspirations to create mutual benefit for both. In Australia we have offices in Adelaide, Brisbane, Chatswood, Melbourne, Parramatta, Perth and Sydney.