It's an unsettling time for banks. Their public standing has
not yet fully recovered from the financial crisis and they remain
under intense regulatory scrutiny in a number of areas including
capital levels, liquidity, structure, governance and conduct.
And now, our
latest Talent in Banking survey shows the rivalry for the best
talent is heating up, with innovative tech giants and a growing
financial technology ('fintech') industry providing stiff
competition.
Banking's popularity as a career destination has dropped
every year since 2011 and now ranks second globally. It had fallen
from 18.7% of expressions of interest in 2008 to 14.4% in 2015, a
decline of 4.3%.
Meanwhile, software and computer services continues its
inexorable rise, increasing by a striking 4.1% in the same period.
On current form, this sector will overtake banking in popularity
terms by 2022.
