More evidence of the grim outlook for work in the City on Tuesday.
Figures from the Securities & Investment Institute (SII) seen by the Times show a 17 per cent drop in registrations for SII administered examinations – those that most City would be City-types need to pass in order to gain accrediation from the FSA.
Further:
The SII’s own figures suggest that registrations in 2009-10 could fall to little more than 35,000, down 30 per cent on last year. But the institute is carving out a useful sideline helping to train financial services professionals from overseas financial centres, particularly in the Middle East.
Related links:
Yes, bankers are overpaid and no, it will not last – FT Alphaville
The remuneration model – FT Alphaville