City lures new accountants

Recently-qualified accountants are being snapped up by investment banks,
asset managers and hedge funds, as competition and legislative changes drive
demand for their talents.

Accounting staff are also receiving hiked bonus payments as market forces
drive up incentive schemes, according to the findings of the latest survey by
Morgan McKinley.

Richie Holliday, Morgan McKinley director, said there was a ‘significant and
clear pattern’ for the increasing demand for accountants due to higher
competition between financial services organisations, plus a need for
individuals familiar with legislative changes, including knowledge of IFRS.

‘In the current climate, recently-qualified accountants are in an excellent
position to choose their employer, and we are finding that many are still aiming
for the big City names,’ said Holliday.

Related reading