Banking industry salaries due for modest growth this year
Banking and finance professionals can look forward to some salary growth this year, after a flat 2013. The latest Robert Walters Global Salary Survey, which was released yesterday, predicts salaries in the industry will grow by an average of 2.8 per cent in 2014.Robert Walters' director of financial services, Andrew Hanson, said demand is in retail banking, wealth management, superannuation and insurance.These growth areas were offset by falling job numbers in international banks and in accounting, and the ongoing offshoring of back-office jobs.Hanson said: "This year we expect to see continuing demand for financial planners and growing demand for candidates with capital management and funding expertise."In the banking IT sector, employers will pay a premium for candidates with skills in new technology areas, such as mobile banking and e-commerce.Banks are also looking for people with skills in handling regulatory compliance and efficiency projects.