Jobs in UAE: Banks and finance companies on a hiring spree

In 2014, the bank’s net profit increased by 58 per cent to reach Dh5.13 billion while the group’s total income climbed 22 per cent to Dh14.44 billion. (Shutterstock)

Those in UAE’s banking and finance services industry (BFSI) are likely to have the most opportunities coming their way as this sector is hiring the most in the country.

According to the latest Monster Middle East Employment Index, BFSI continues to lead all other sectors in the country with an increase of 38 per cent compared to last year in terms of online job listings. And these figures are even higher when compared with the regional average.

“We continue to see an increase in demand for talent in the banking and finance industry, with online job listings for this sector increasing by 38 per cent year-on-year in the UAE and by 65 per cent year-on-year in the region. Finance and accounting positions are also in demand with an increase in online job postings of 43 per cent for the UAE market and 67 per cent for the region,” says Sanjay Modi, Managing Director, (India, Middle East, South East Asia and Hong Kong).  These figures are of March 2015 when compared to the same period one year ago.

According to a previous survey by recruiting firm, Reach, banking and finance is one of the best performing sectors in the job market.

Statics from another recruitment firm, Robert Half UAE, also point to that. Figures show that professionals in banking, accounting and finance, are in demand and this is likely to go up in the months to come.

The experts at the firm say accounting and finance recruitment has returned to pre-recessionary levels, with companies expanding existing teams as well as investing in new initiatives.

After BFSI, next on Monster’s list is IT and Telecom/ISP. This sector is shining when it comes to generating jobs and has seen a 24 per cent growth in the number of vacancies listed in March 2015 as compared to the same month in 2014. Healthcare follows on the list with a double digit growth (22 per cent) for the period stated above.

(Image via Shutterstock)

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