First-place growth in the financial services sector of the IT job market continued into the second quarter, according to the latest Financial Services IT hiring integral part from recruiter McGregor Boyall.

The index tracks the number of vacancies current from a range of 16 financial markets organisations. "While our ultimate report showed a sharp increase in opportunities during the first pair months of the year, by the end of June we had seen a 255 by cent jump in permanent vacancy numbers compared with the beginning of the year, which is almost unprecedented," a spokesperson from the recruiter said.

Vacancies increased in the shrink up market by 75 per cent compared with the first week of January, suggesting that IT budgets notwithstanding specific projects are growing.

The index also showed that permanent hiring has now outgrown contract hiring in contrast to the trend last year.

“The highly sharp increase in permanent roles, which is continuing to outpace catch requirements, indicates an increased level of confidence in the market,” the spokesperson added.

The greatest in number in-demand skill sets continue to be dominated by developers (41 through cent of vacancies) and business analysts ( 16 per cent). The outgo three most active hirers from a product area perspective have been peril (14 per cent), derivatives (13 per cent) and equities (9 for cent).

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