People

City's squeezed middle hoping to switch jobs within a year

New research suggests cuts, restructurings and bad bonuses are taking a toll on directors' morale – but moving jobs won't be easy

Nearly two-thirds of directors in the City expect to change job in the next 12 months, but they may struggle
Nearly two-thirds of directors in the City expect to change job in the next 12 months, but they may struggle Photo: iStockPhoto

Nearly two-thirds of director-level staff working at investment banks, private equity firms and fund managers in the City of London are hoping to get another job within a year, according to new research by headhunting firm Astbury Marsden.

The firm, which surveyed 900 staff at City institutions and published its findings on October 31, found that 63% of directors were planning to move jobs within 12 months, while 25% felt that they didn't get enough recognition for the work they do and more than one in five were dissatisfied with their pay.

WSJ Logo
U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump