As we approach the end of the first quarter of 2023, we haven’t seen the slow down that we were expecting at the end of last year. With a recession looming, interest rates and inflation soaring, much of the recruitment market was expecting a slow start, however it has been quite the opposite in the treasury market, especially at the Treasury Analyst level.
This year, we have worked exclusively with multiple businesses to hire a junior treasury resource. The main areas of expertise clients have been looking for are bright, ambitious and forward-thinking individuals with exposure to cash management, front office duties and relationships with banks.
At the end of last year we published our annual treasury market report and salary guide. This showed salaries had increased at all levels across the market, none more so than at the Treasury Analyst level. The typical salary for a Treasury Assistant without any experience is now £35-40,000, A Treasury Analyst (2-3 years’ experience) £40-50,000 and a Senior Treasury Analyst (3-5 years’ experience) is paying between £50-60,000.
As mentioned, the junior treasury market has been incredibly busy. This has resulted in candidates getting to offer stage and sometimes having two to three roles to choose from. This means speed in processes is critical. We encourage clients to aim to have the whole process completed, with an offer out and accepted within three weeks from briefing us. This is to ensure they don’t miss out on their preferred candidate because the process has taken too long. This market needs to be looked at and treated as if it were an interim market, speed in process and maintaining momentum between interviews is crucial.
If you would like more information on the current market or would like to discuss your next treasury career move please contact Luke.
Luke will be attending the ACT Conference in May so if you are planning on attending, please do get in touch and look out for our stand!