News entreprises
Today, recruitment advisory group Morgan Philips publishes its annual study, unveiling the 2024 trends in roles and salaries within Luxembourg’s strategic investment fund sector. This report provides a comprehensive view of the current labor market dynamics and the challenges shaping this key sector of the Luxembourg economy.
Study Highlights:
The result of 18 months of in-depth analysis by the Morgan Philips Executive Search and Fyte Luxembourg teams, this report draws on exclusive data and was further enriched by LinkedIn Talent Insights. This approach highlights in-demand roles, salary disparities, and gender parity advancements across various asset management functions.
Key Trends:
- Salary Stagnation: Following the significant salary increases seen in 2021 and 2022 in an active job market, salaries have stabilized over the past 18 months, remaining competitive, particularly compared to the banking sector. This slowdown can be attributed to consolidation within asset management and an increased caution among candidates, who are more hesitant to change positions after a period of intense post-COVID mobility.
- Opportunities in Third-Party ManCos: Despite consolidation within the sector, third-party ManCos continue to hire, especially in compliance and portfolio management roles. This strategic strengthening of teams is essential to meet growing regulatory requirements and maintain competitiveness.
- Gender Balance: Gender parity is improving in the sector, with women representing nearly 47% of roles up to the managerial level. However, female representation remains low in leadership positions, with just over 20% of these strategic roles held by women, highlighting a major challenge in achieving true equity.
Report Availability: The full study is attached to this press release and is also available on the Morgan Philips website.