No way back for three-quarters of bankers
Nearly 75% of people leaving nine major banks since January 2012 have returned to similar City roles since, a study from specialised job site eFinancialCareers finds.
The study shows that 2,872 people approved by the Financial Services Authority (FSA) left roles at nine banks (listed below) between January 2012 and the present, with only 28% returning in roles with FSA approval
Those leaving JP Morgan’s investment bank appeared to be the most employable, says eFinancialCareers, while French and Swiss banking staff were the least desirable.
The banks in question, with re-employment rates, are:
1. JPMorgan Chase = 36%
2. Morgan Stanley International = 31%
3. Goldman Sachs International = 30%
4. Merrill Lynch International = 29%
5. Societe Generale = 29%
6. Nomura International = 28%
7. Credit Suisse International = 24%
8. UBS AG = 24%
9. BNP Paribas = 23%
(As eFinancialCareers notes “some of the names seem dated as this how each bank originally registered with the FSA”.)
