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'Competitive' salaries offered for finance professionals
Friday, 08 February 2008
Graduate Job sector Reports
Strong demand for top finance professionals is leading the public sector to offer good salaries in a bid to attract the talent.
A salary survey by specialist finance recruiter Nigel Lynn has shown that a financial or management consultant in the public sector can expect to earn around the same as an employee in the private sector working in London, reports Onrec.
Additionally, the conversion of the public and not-for-profit sector to International Financial Reporting Standards (IFRS) should also substantially increase demand for good finance professionals, the report continues.
Commenting on this increase, Steve Carter, managing director of Nigel Lynn, said: "This demand for staff looks to follow the recent trend of the public sector competing with the private sector for commercial staff."
He added that the imminent changes with the IFRS will mean demand will stay high as organisations aim to perform to their optimum level.
In related news, a recent survey found that 84 per cent of finance professionals are currently satisfied with their salary and benefit package.