E-commerce business poses threat to bank employment

E-commerce business poses threat to bank employment

The banking industry faces new competition for staff from the e-commerce sector, according to Jonathan Wren, recruitment specialist.

The best and brightest graduates, who once saw investment banking as the most prestigious and lucrative career path, now wish to be overnight dot.com millionaires.

"The prestige and remuneration of the city is fast being surpassed by the lure of the e-commerce sector", said Shaun McCarthy, managing director of Jonathan Wren. "This has been fuelled by stories in the media of dynamic careerists who have changed direction and made it, fast, by turning entrepreneur.

"Even the most blue chip employers can no longer rely on having a queue of the absolute best knocking on the door. They must compete against the excitement, informality and speed of working it the web related world."