The accountancy sector saw a strong rebound in 2024, with vacancies rising 29% to their highest level in five years, accounting for 54% of all openings.
Fintech vacancies surged to 12,519 in 2024, up from 8,672 the previous year, driven by increased venture capital funding, AI adoption, and industry fragmentation, according to a report by Morgan McKinley and Vacancysoft.
Nearly two-thirds (63%) of UK financial institutions now invest in AI, up from 32% in 2023, according to a new market trends report by Morgan McKinley and Vacancysoft
Risk and compliance vacancies in traditional banks are expected to decline by 17% in 2024 as banks prioritise stabilization amidst changing market conditions. In contrast, fintech companies are projected to see a 28% rise in such roles, with 1,000 new positions anticipated.
Recruitment for London finance jobs is set for a “slight recovery” under the new Labour government, following a June slump before the general election. From April to June, London’s financial sector had 6,093 vacancies, a 4.9% decrease from the same period in 2023, according to a report by Morgan McKinley and Vacancysoft.
London is witnessing a substantial increase in fintech job vacancies, spurred by renewed investor interest and technological advancements.
