Biggest Companies

January - December | 2024

Biggest Companies

Average of 12 Months Workforce Growth/Decline

UBS leads with 8% workforce growth, potentially driven by strategic expansion, acquisitions (Credit Suisse in 2023), or tech investments. BlackRock's solid 6% growth likely reflects AUM increases and a focus on sustainable investing. MUFG, Nomura, and BNY Mellon show moderate growth (2-3%), while Schroders' minimal growth (1%) and Barclays Investment Bank's stagnation (0%) suggest cautious expansion or efficiency focus.

Biggest Companies

Attrition

MUFG and Abrdn have attrition rates of 16% and 15%, which are below the investment banking average of 19% but may still reflect challenges with growth opportunities, work-life balance, or pay. The overall financial sector average is higher at 27%, while the UK average across all industries is 34%, highlighting that these firms are retaining talent better than broader market trends. In contrast, BlackRock and BNY Mellon’s lower rates (11% and 12%) suggest stronger engagement and competitive pay. Barclays Investment Bank reports the lowest attrition at 7%, potentially reflecting competitive salaries and career opportunities.