Employment in the financial services sector is strengthening, with large banks and investment banking firms. In addition, much of the hiring is focused on star performers with sought–after skills in areas such as trading, investment management, equity derivatives and commodities. Other areas where institutions are adding staff are foreign exchange and regulatory affairs.

Compensation is increasing for experienced financial professionals with in–demand skills. At large financial firms, higher base salaries to offset reduced cash bonuses are becoming more common. The changing compensation structure is a response to new federal guidelines, issued in the wake of the financial crisis, designed to better align rewards with long–term performance and eliminate incentives for practices that encourage unnecessary risk taking.