The latest research (1536 respondents) from eFinancialCareers.com ñ the UK-based global financial recruitment website ñ confirms what bankers fear the most: getting the boot. ![]()
Almost 40% of respondents reckoned the chances were ëhigh to very highí that they would be packing their bags within the next 24 months, with a further 28.9% putting their chances of being laid off at ëfairí. Combined, the total is an incredible 66.7%, or 2-in-3 bankers.
Sarah Butcher, editor of eFinancialCareers.com, commented:
ìThe announcement of job losses at Citigroup, the prospect of cuts once ABN AMROís situation has been finalised, and the expectation that all good things must come to an end, are starting to take their toll on confidence. In January, all anyone could talk about was how to spend their bonuses and the continuing good times. Now they appear genuinely worried about losing their jobsî.
Financiers in Dubai seem particularly panicky, with a staggering 72.2% of respondents from the booming Emirates believing theyíre at risk of losing their jobs, compared to 66.1% in Asia Pacific.
However, in a surprise twist, a core 23% of Dubai respondents considered the likelihood of being shown the door ënegligibleí, compared to around 13% in Europe and Asia Pacific ñ suggesting, perhaps, that business leaders in the region are hopeful for the future.
Sarah Butcher adds:
ìDubai is a paradox: it has been aggressively building itself up as a financial centre to rival more traditional markets, but despite massive investment in the region, the flow of capital markets and MandA advisory business remains negligible.î
European Bankers not Confident of Job Security

37.8% believe they have a ëhigh to very ëhighí chance of getting sacked




