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Ear to the Ground

Many U.K. Bankers Hate Their Jobs

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Posted on Dec 26, 2012
Bonnetmaker (CC BY 2.0)

“The Banker’s Fate,” from Lewis Carroll’s “The Hunting of the Snark.”

One-third of British bankers would rather be elsewhere, doing other things, says a new survey by eFinancialCareers of more than 500 professionals in the industry.

When asked to describe their attitude regarding their position, almost four in 10 told pollsters they tolerated their job. One-fifth said that they liked their work, and just 12 percent said they loved it.

—Posted by Alexander Reed Kelly.

The Independent:

James Bennett, global managing director of eFinancialCareers, said: “Clearly, decreased motivation among financial services professionals presents a concern for employers. This disillusionment may not be resulting in a sudden desire to switch jobs, but appears to be manifesting itself in a lack of ambition and less of a willingness to work punishing hours.”

… A large proportion of respondents (38 per cent) said they wanted to leave the industry or sector entirely. This is coupled with a more short-term commitment to their current employer: 46 per cent of respondents only expect to stay in their current position for a maximum of two years.

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