Financial advisers rushed to beat Massive Monday, a recruitment industry term for the first working Monday of each New Year, reports one of the world’s largest independent financial advisory organisations.
deVere Group affirms the number of people who have applied to join the organisation ahead of Massive Monday – the most popular day of the year to look for a new job – is up 125 per cent on last year.
Nigel Green, founder and CEO of deVere Group, comments: “There’s always a surge of people applying for jobs across our global network of offices in the New Year. They’ve had time off to focus on what they want and need from their working lives and made resolutions to further their careers. But this year, it’s been a super-surge, with a 125 per cent increase in applicants in the week after the festive period, compared with 2017.
“It seems that those who are serious about starting a career in the international financial industry, or those who are now looking to take their financial advisory career to the next level, are getting in there early, ahead of Massive Monday.”
He continues: “About 40 per cent of the applications have been from those seeking a new career in our highly rewarding sector. 60 per cent have been from professionals already within the industry who are now looking to join us from other firms.
“We’re now in the process of sifting through those applications and look forward to recruiting the very best talent to join our teams around the world.
“The organisation is expanding and we have extremely ambitious strategic plans for 2018 in order to meet growing demand, but also as we further develop our existing business and launch into new areas. As such, we are thrilled to receive such a high amount of high quality applicants at this time.”
Mr Green goes on the say: “I believe that there are several key drivers for the amount of people seeking to join deVere.
“Like our clients, those seeking dynamic careers value our strength and size. These qualities allow us to innovate, provide technical, compliance, marketing, admin and back-office support, forge and maintain relationships with the world’s largest financial institutions, and successfully adapt to changing regulatory environments when required to do so.
“In recent times, with regulatory landscapes shifting and client expectations evolving, many smaller firms have had to exit the market. Again, this is part of the reason for the uptick in people looking for opportunities with larger firms like ours.
“Candidates looking for roles within deVere also routinely highlight our global presence, which is set to develop further still in 2018, our industry-leading training and professional development programmes, and the fact that we favour in-house promotion.”
The deVere CEO concludes: “2018 promises to be an exciting and rewarding year for the financial services sector. Judging by the volume of applicants we’ve received in the first week of the year alone, people are keen to be a part of that.”