Finance is the new engineering and IT sector on the domestic labor market

For the first time, Profession Services, the recruitment division of Profession.hu, compiled its analysis of the financial sector. The wage benchmark publication shows an accurate and up-to-date picture of the industry and provides useful information for the actors about the current labor market situation, trends, and wages.

The sector underwent a significant transformation with the appearance of service centers (SSCs, BSSs) in Hungary. On the one hand, the expectations of financial and accounting positions have changed, instead of high-level specialist knowledge, thorough knowledge of a foreign language has become the focus of the criteria. On the other hand, due to the international background of the companies, the industry requires less flexibility from the employees than previously experienced – they often have to work in a different time zone, even on a holiday. These changes mostly favor young people, who are more likely to have a high-level knowledge of at least one foreign language in their lives, and who also adapt more easily to the changed work schedule.