A survey conducted by financial services recruitment specialists, Morgan McKinley, has highlighted a significant increase in the demand from the Scottish investment sector for skilled buy-side quantitative analysts.
Quantitative risk analysts typically play a central role within the investment process and work alongside investment managers to provide value added risk analysis and guidance on portfolio construction.
Morgan McKinleyís 2007 Salary Survey further highlights the significant increase in demand across the Scottish financial services industry for highly numeric, skilled professionals with strong academic backgrounds in the disciplines of mathematics and physics. Demand from the equity, fixed income and derivatives areas is particularly high as expansion remains a priority for investment managers.
The financial services industry is currently extremely buoyant throughout the globe and this has led to a growing ìwar for talentî as supply cannot keep up with demand. The investment management market in Scotland is certainly no exception.
The shortage of skilled candidates has meant that investment houses are having to work harder than ever to attract and retain top quantitative analyst talent and are looking to source individuals from London and other international financial services centres in order to meet demand. Strong quantitative risk analysts on the buy-side are able to command salaries in the region of 50,000 - 60,000 in Scotland, while in London an intermediate level candidate could earn c.60,000 - 70,000 in basic salary per year.
Alex Phillips, Manager for Morgan McKinley in Edinburgh, comments: ìOpportunities like this have not tended to exist in these volumes in Edinburgh before. It is a clear demonstration of the increasing growth of the Scottish investment sector and its ability to offer challenging and rewarding opportunities, which present a viable alternative to London and other financial services centres around the globe.
ìOn a wider market note, it is expected that business expansion plans scheduled for 2007/08 will increase hiring across the Scottish financial services industry, with the sector growing at a healthy pace throughout the period.î
For further information please visit www.morganmckinley.com to request a copy of Morgan McKinleyís 2007 Salary Survey.
Scottish financial services market hungry for skilled analysts
Morgan McKinley, has highlighted a significant increase in the demand from the Scottish investment sector for skilled buy-side quantitative analysts.
