Discover your dream Career
For Recruiters

Bank traders are the most *and* least fearful over their job security in 2024

Our bonus and job markets expectations report, which we published last year, has had a lot to say about job insecurity already - we've seen that Citigroup's bankers are insecure about their jobs, whilst BNP's arent. Our report also looked at job insecurity by individual bank sections.

 

The table above shows the percentage of respondents from each section of the banks above who answered yes to the following question: "Are you fearful for your job security?"

Top of pile is, perhaps unsurpisingly, sales and trading. A London (equities) sales & trading director at Barclays told us that the sell-side was in a “terminal decline”, and anticipated that his bonus for the year would be down by 90% compared to 2022’s. He was also unhappy with the amount of time spent in the office (on account of “office politics”).

Get Morning Coffee  in your inbox. Sign up here.

That being said, however, hedge funds had the most secure employees, our survey found, whilst private equity funds and bankers were broadly on par.

With hedge funds performing much stronger than rivals this year, it’s not hard to see why they would continue their status quo – as one hedge fund senior (who expected a 200% bonus increase) said to us, he wasn’t fearful about his job security at all due to “PnL”. Ice cold.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORZeno Toulon

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Mason Blake
Global Equity Analyst
Mason Blake
London, United Kingdom
Paritas Recruitment - Data & Tech
Quantitative Researcher (Systematic Fund)
Paritas Recruitment - Data & Tech
London, United Kingdom
PER, Private Equity Recruitment
Investment Analyst, Global Public Equity Fund, Hong Kong
PER, Private Equity Recruitment
Hong Kong
DTG Capital Markets
Proprietary Trader (US, remote)
DTG Capital Markets
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.