Demand for IT skills is still strong, despite the credit crunch

IT professionals are still being hired by financial institutions despite the uncertain economic outlook. 

Recent data released by financial online recruitment specialists, IT Jobs in the City reveals the following:
 
·   A steady demand for positions within commodities, with an increase over 50 percent in positions advertised from October 2007

·   An increase in demand for quantitative analysts

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·   Little to no change in the demand for positions within the middle office, securities, analyst developers, system support, web developers and IT workers with skills in Oracle and SAS over the last three months
 
Adam Stokes, operations manager said:

“Despite the gloom within the City, we are still seeing demand for IT workers.  Providing IT support for compliance projects such as MIFID, as well support within risk management will be critical over the coming months.  IT workers within the City are seen as a valuable resource, and we don’t expect that to change.”