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A New Industry Standard Has Been Established | The Financial Technology Salary Survey

Author: James Campbell, AVP

Published date: 2023/08

James Ss

USA Change and Transformation Professionals' Salary Insights: A Comprehensive Survey Revealing Earnings Across the Industry

People who are getting new jobs in 2023 aren't getting the same as they would have if they moved this time last year.

This is due to a myriad of factors such as lower funding, higher borrow cost, risk averse cash strategies, and a more competitive market for jobs.

At the start of the year, candidates weren’t fully cognizant of this change. But as the year went on, most candidates became aware of it, however junior candidates remained particularly ambitious. They want to get big increases to move, even though such increases would mean advancing in seniority too.

Firms are hiring but I honestly believe talks of heightened competition in this space are misguided. Skillsets and requirements are so specific that very few candidates actually fit the brief in most cases. Firms appear aware of this as salaries aren’t fluctuating as much as in the truly competitive markets— and I anticipate this attitude will persist into 2024.

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