While overall activity is flat, there is still some growth in credit markets and ETFs.

Many super funds are directing investments and recruiting offshore rather than within Australia.

Roles are also evolving. Traditional fund accounting positions are shifting towards broader investment operations profiles, with higher expectations reflected in skill requirements and salary levels.

 

What’s shaping hiring

Cost pressure is a major constraint. Margin pressure is limiting budgets for larger projects, impacting hiring plans.

At the same time, clients are becoming increasingly specific on requirements yet less flexible on salary.

 

What we’re seeing on the ground

Hiring is slow with prolonged processes resulting in offers taking months to finalise.

There is a soft senior market, with candidates taking roles below their level.

There is also ongoing tension around flexible working, with candidate expectations often not aligning to employer requirements.

 

Where the market is heading

The current conditions are unlikely to shift significantly in the near term.

Roles are expected to become more specialised, while cost pressures continue to influence both hiring decisions and project delivery.

 

The practical takeaway

For candidates, patience and visibility are key. Opportunities are limited and processes are slow so staying active in the market is critical.

For hiring managers, flexibility on requirements will be key. A rigid focus on “perfect” candidates is making hiring harder in an already constrained market.