Spring recruitment update for accounting and finance investment management professionals in London, with tips on how to maintain momentum in your career.
The Investment Management space was very busy during the first quarter of 2020. The overall sentiment of the market was much more positive with bonuses holding up or increasing, which was a significant improvement compared to Q1 2019.
In the first 2 months of 2020 we were briefed on a wide range of new positions from our core Investment Management clients. The majority of these roles were due to growth which was definitely encouraging to see with clients looking to ramp up the size of their finance teams on the back of company growth.
Alternatives, in particular real estate and private equity clients, were the most eager to hire which has followed on from a trend that we saw last year. Those who have specific experience working on these types of vehicles have been heavily in demand. Multi Asset Managers have definitely plugged the gap this year though.
During the same period we saw a decline in contract jobs, mainly due to the IR35 changes that have now been postponed. Clients were often choosing to go down the FTC route or biding their time to see the impact of the proposed changes.
On the back of this, many serial contractors have now come on to the permanent job market which has caused an increase in competition. This can only be good news for clients looking to hire a permanent role as it increases the talent pool available.
The last few weeks of the quarter were, of course, very challenging with a high proportion of roles being put on hold whilst companies aligned themselves to be able to work from home.
On the plus side, many companies are happy to carry on interviewing for live roles through video conference calls and we have had new roles released during this period so it's not all doom and gloom.
From a candidate perspective, this is a good time to network and research into the next role you are looking for. Clients looking to hire later on in the year have time to consider their options, and pipeline new talent.