IT jobs available in finance industry up 23 percent

The number of adverts for IT jobs in the financial services sector increased by 23 percent in the first quarter of 2010, according to a new report.

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The number of adverts for IT jobs in the financial services sector increased by 23 percent in the first quarter of 2010, according to a new report.

The report, produced by IT recruitment website CWJobs.co.uk and JobAdsWatch.co.uk, also showed that the financial sector still posted the highest number of permanent and contract IT job adverts since 2006, despite the recent years’ banking crises.

This will be good news for some IT professionals in the sector, as Northern Rock and Royal Bank of Scotland (RBS) have both recently announced cutting IT jobs.

CWJobs said that the first quarter of 2010 showed “clear signs” of recovery for IT recruitment as job postings increased by four percent between since the previous quarter.

The media industry posted the second highest number of permanent job adverts for IT staff, followed by retail. However, CWJobs said that following a slump in job growth in 2009, permanent IT jobs in the retail sector have seen an uplift, of six percent in Q1 2010.

Meanwhile, the public sector appears to be leaning more towards contract rather than permanent IT staff. The public sector came fourth in terms of the number of permanent IT job advertising, but posted the second highest number of contract IT jobs.

In terms of advertised skills, for permanent and contractor vacancies, SQL skills were most in demand, closely followed by C and C# skills. The report said that 52 percent of all permanent job adverts requested these three skills, with C# seeing the highest increase in demand – up 12 percent in the quarter.

Richard Nott, website director of CWJobs, said: “We hope these findings signal the start of re-investment in IT.”

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