Banking and finance roles decline as labour market restructures – Employment Hero
The data, based on over 3,300 real-time employee records, forms part of a wider trend where employment growth in traditional graduate sectors is stalling.
Employment growth in the banking and finance sector contracted by 1.6% last month, according to the latest research from Employment Hero.
The data, based on over 3,300 real-time employee records across more than 120 banking and finance businesses, forms part of a wider trend where employment growth in traditional graduate sectors is stalling, with an estimated 700,000 graduates now out of work.
Alongside this, wages fell 4.9% year-on-year across banking and finance roles, the only sector with negative wage growth in June.
The median full-time salary for banking and finance roles also hit a 13-month low, falling to £47,025 from the £52,723 recorded in June 2025.
Alongside this decline in the banking and finance sector, month-on-month employment growth in HR and accountancy was almost flat at 0.1% month-on-month in June.
This negative growth coincides with young people moving towards more vocational roles.
Employment Hero data revealed that employment growth in the construction sector rose 2.1% month-on-month in June, and up 8.3% versus three months ago.
Gen Z workers led this surge, with growth recorded at 5.5% month-on-month.
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