12 June 2008
The number of jobs available to entry-level IT workers in the financial industry could be on the slide.
Philippe Robeyns, global head of investment banking services at Societe Generale, has suggested that the ensuing effect of the credit crunch could make it too expensive to run large teams, thus reducing the number of positions on offer.
However, Mr Robeyns also said that more positions could become available for IT managers.
In an interview with Computing.co.uk, he said that this is a possibility as more firms look towards cost-cutting, therefore needing people to manage the reduction in expenditure.
Mr Robeyns explained: "There will be challenging opportunities for in-house IT professionals within financial services.
"We expect to see a consolidation of technologies supporting the financial IT industry, so people involved in managing the provision of these services, including outsourcing, should be fine."
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