Great news for professionals in the financial sector! Our smartypants at Adzuna HQ in South Africa have been crunching numbers and analysing the average advertise salary for vacancies in 2016. The result, ladies and gentlemen, is that finance vacancies saw a rise in demand and a lack of supply.
A dramatic increase in the number of advertised finance jobs has been witnessed, from under 10,000 jobs listed in January 2016 to over 13,000 in January of 2017. From the supply side, the number of job seekers looking for finance jobs using keywords has decreased by over 15%. When demand outstrips the supply like this, it is no surprise that average salary has increased to R339,475 per annum giving finance professionals confidence in a supply-short market.
What are we talking about when we say finance skills? This could include anything from accountants and tech talent and CFOs to insurance skills. The number of advertised vacancies for financial accountants saw an increase of 45% over 2016, with healthy pay packets reaching the R450,000 mark.
The emerging Fintech sector has also experienced giant leaps in the number of advertised positions, with a 1400% increase in vacancies and an average salary in the sector of over R520,000. This impressive evidence supports the prediction by industry experts that fintech alone could account for over 33% of the current revenue generated by the general financial services.
Other skills, such as PHP and Java developers, engineers and project managers are so rare in today’s market that they have also witnessed a supply and demand imbalance across all industries. South Africa is in serious need for these skills, so if you’re in the market for a pay rise, why not consider adding these skills to your portfolio.