And The Best Firm To Get Made Redundant From Is....

Yep, if you're going to get laid off, then losing your job from one firm gives you a better chance - statistically speaking - to get back in the industry.

Almost three quarters of UK bank employees who left their jobs since the start of 2012 haven’t returned to similar roles in the industry, a study showed.

Bloomberg reports that of the 2,872 people registered with the Financial Services Authority as a so-called approved person who left a major bank from January 2012 to February 2013, only 807, or 28%, have found new roles and re-joined the register, according to a report by eFinancialCareers, a recruitment website.

Some may have retired or left the industry, while others may have found jobs that don’t require FSA approval.

Former JPMorgan bankers were most likely to find similar work in the industry, with 36% of those leaving getting jobs requiring FSA approval, according to the study. That compares with 23% of BNP Paribas employees and almost 30% of Goldman Sachs staff, the research showed.

Hit the link below to access the complete Bloomberg article:

Three-Quarters of U.K. Bankers Not Returning After Leaving Jobs

Most City bankers who left jobs in the past year haven’t resurfaced

Dollar Sibor May Be Dropped Amid Global Rate-Rigging Probe

Abu Dhabi Fund Said Close to Buying RBS’s 42 Marriott Hotels


image: © C.P.Storm

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts