Morgan McKinley Global Trend Report Specialist Finance H1 2014
Our latest Specialist Finance Global Trend Report is part of our constant commitment to add value and keep professionals updated. We have compiled this report based on an international survey of our specialist consultants in six markets, to provide insights to both candidates and employers.
In this report, we have included a more detailed overview of the key trends we have observed in Australia, China Mainland, Hong Kong, Ireland, Japan and the United Kingdom.
Broadly stable and gearing up for IFRS
We have seen no discernible change in recent months in the Specialist Finance recruitment market in China. There is still some economic uncertainty in the country, though this should be seen in the context of relatively high growth rates compared to other parts of the world. There is still a fairly high level of demand from large international practices and in-house at large multinational enterprises, but recruitment budgets are broadly static and some companies are downsizing their Finance function or off shoring certain Specialist Finance activities.
Although the market is broadly stable, there are a lot of candidates getting active and looking at their options.
Roles that are currently most in demand are Audit Manager, Audit Senior (with a minimum three years’ experience in practice) and Internal Audit Manager. Chinese companies will also be looking for Specialist Finance professionals who can help them steer their way through the new regulatory environment and accounting standards, so knowledge of IFRS and GAAP is a key asset.
Salaries ＆ Benefits
There is upward pressure on salaries in China and we expect rates to increase by 20-30% in 2014. Performance-related pay increases are only likely in Project Finance, IPO-related roles and some roles at the Big Four.
View the full Specialist Finance Global Trend Report H1 (Jan - Jun 2014)