The finance employment barometer for the first quarter of 2024!

In an economic landscape marked by constant transformation, understanding trends in the finance job market is important for players in the sector. Against this backdrop, Dogfinance, the leading social network dedicated to finance recruitment, presents its Finance Employment Barometer for the first quarter of 2024. This report provides an overview of current employment and recruitment dynamics in the sector, based on data collected from a variety of sources, including recruiters in the field.

This analysis covers several dimensions of the financial labor market, such as the sectors of activity recruiting, the types of contract offered, regional disparities in terms of recruitment, the levels of experience favored by recruiters, as well as the salaries offered and the adoption of telecommuting. Thanks to these different variables, Dogfinance is able to highlight the elements that facilitate recruitment opportunities in finance.

This barometer is of particular interest to finance professionals and job seekers alike. It will help you understand and anticipate fluctuations in the finance job market.

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Which sectors of the finance industry are recruiting the most ?

The finance sector in general has been hiring since the beginning of 2024, despite fluctuations in the financial markets.

The finance sector that is recruiting most is business consulting and management. In fact, 41.3% of finance hires are in this field. The second-highest recruiting sector is banking & insurance (22.1% of hires since early 2024). 

Companies are mainly looking for profiles such as : 

• Financial analyst,
• Asset manager,
• Financial advisor, 
• Auditors,

and many others. 

The barometer also shows that the fintech field offers some interesting propositions, with 16.3% of hires made in this area during the first quarter of 2024. Positions such as data scientist, cybersecurity analyst and technical consultant were all well filled at the start of the year. 

What types of contract are on offer in finance ? 

In the first quarter of 2024, the majority of recruitments were for an indefinite period, which is relatively surprising, given the current dynamics on the job market. Indeed, 94.8% of positions filled during this period were permanent. 

Fixed-term contracts accounted for 3.7% of hires, a much smaller proportion than for permanent contracts. Finally, temporary employment contracts accounted for a tiny share (1.5%) of the positions granted in finance during the first quarter of 2024.

Which are the most dynamic regions for the finance sector ? 

Unsurprisingly, Ile-de-France was the region that recruited the most finance professionals in the first quarter of 2024. In fact, as can be seen from the graph below, around 4,500 positions were filled in this region over this period. 

The second region with the most positions filled was Auvergne-Rhône-Alpes, with around 1,500 hires.

Which profiles are favored by finance recruiters ? 

Employees with between three and five years' experience are the most frequently recruited by companies in the finance sector. In fact, this type of profile accounted for 46.4% of hires in the first half of 2024. This high proportion can be explained by the fact that these profiles have some experience, but remain relatively adaptable compared to people who have worked in the field for a longer period. 

Beginners in the financial sector account for 23.8% of hires. They therefore account for a significant proportion of positions filled, not least because they are fresh out of school and are therefore important resources for the life of companies in the long term.

How much do you earn in finance ?

In France, salaries in the finance sector are relatively high, especially for highly qualified profiles with many years' experience. In fact, the average annual salary is €55,000. 

If we look more closely at this criterion, we see that 17.8% of people in finance earn a salary in the 50,000 to 60,000 euro per annum range, according to the Dogfinance barometer. 

Furthermore, we can see that 24.7% of people working in finance earn between 40,000 and 50,000 euros a year, and 23.9% between 30,000 and 40,000 euros a year.

Also, only 8.3% of the sample earn between 20,000 and 30,000 euros a year, which represents a small proportion of the latter. This supports the fact that the salaries on offer in finance are relatively high. 

Of course, the sector's attractive remuneration packages do not come without an intense workload and a certain amount of pressure to achieve the ambitious targets set within companies. 

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What about telecommuting in finance? 

Telecommuting is becoming increasingly common in the service sector. The finance sector is no exception. In fact, we can see from the graph below that partial teleworking is possible in 58.3% of teleworking companies in the finance sector. 

However, only 6.7% of teleworking finance companies allow full-remote teleworking. It is therefore not a practice that is prioritized by companies in the sector. 

In conclusion, Dogfinance's Finance Employment Barometer for the first quarter of 2024 offers a valuable analysis of trends and dynamics in the financial sector, essential for professionals and job seekers alike. It highlights significant opportunities, including the increase in teleworking and the predominance of permanent contracts in the sector. This report not only helps us to understand the current state of the market, but also to anticipate future trends.