Fintech is dominating the UK financial services sector in 2024, emerging as the top-performing category for job openings. London is at the forefront of this growth, experiencing a significant 61% year-on-year increase in fintech job vacancies from January to April.
Fintech has emerged as the top-performing segment in financial services this year. If the current recruitment trends persist, fintech job vacancies in 2024 are projected to be 37% higher nationwide compared to the previous year. Technology roles dominate the recruitment landscape within the fintech sector, making up 41% of all job vacancies this year.
The impact of the budget on tax recruitment is apparent. March 2024 was the record month for tax vacancies going back to January 2019, beating even the peak post pandemic months in 2021. At the same time, in a recent report featured in Bloomberg, the UK is set to see 9,500 millionaires repatriate away, which is more than any other country globally, with the exception of China.
Over three thousand job vacancies in fintech were advertised during the first quarter of 2024. Roles in risk and compliance have experienced the most significant increase in recruitment, rising by over 85% in London.
Personal tax vacancies have experienced the most significant growth, with a fivefold increase in the monthly average compared to 2023. London remains the largest area for vacancies overall.
