eFinancialCareers

Salaries in Scotland are rising faster than ever, and financial services temps are riding the wave. The new Scottish Labour Market Report, published this week by Bank of Scotland, shows salaries in the country increasing at their fastest level for four years. The report highlights soaring demand for contractors in the financial services sector, where it says pay is rising particularly rapidly. Tim Crawford, group economist at Bank of Scotland, comments: "The... Read more

The 2007 salary survey from recruitment firm Joslin Rowe makes interesting bedtime reading for Scots financial services workers interested in finding out whether they’re being paid the right rate for their job. According to the jobs covered in the survey, a call centre operations director with a typical annual salary of £70k is the top-paid job in Scotland right now – although some companies are paying as much £90k, with a... Read more

The latest Scottish Business Monitor survey from Bank of Scotland suggests demand for temporary staff in Scotland is rising fast. The Monitor points to the financial services industry as particularly avaricious in its demand for temps. It’s a view confirmed by Margaret Dyer a director at Joslin Rowe, who says their own research suggests Scots firms are set to increase temporary headcounts by 10% this year – “One of the highest... Read more

Last week’s launch of a new Islamic finance qualification could offer Scottish bankers opportunities for higher salaries, career advancement and even international relocation. The UK has around 2 million Muslims, 80,000 of them based in Scotland. They are forbidden under Sharia law from earning or paying interest which means many mainstream banking products such as mortgages and savings accounts are unsuitable. Lloyds TSB Scotland, which began offering separate Islamic banking products to... Read more

With Standard Life searching for at least four new non-executive directors, our research suggests Scots non-execs can now earn just as much as their English counterparts. Non-executive directors at Scotland's largest listed financial companies are paid handsomely. Those at Royal Bank of Scotland and HBoS receive a standard £55,000 and £50,000 respectively for their services. And last year, most RBS non-executive directors were paid another £25,000-£50,000 for sitting on additional group... Read more