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Interim Market Report 2011 - Info Security Executive Summary

Welcome to Barclay Simpson’s 2011 Interim Information Security Market Report. This is the 7th year we have produced a market report summarising and analysing recruitment trends in information security.

We place great value on the professional reaction to our reports and would appreciate your comments or any requests for further clarification or information.

An overview of the corporate governance recruitment market and an in-depth analysis of the economic and business trends can be found in our
Corporate Governance Market Report.

Top line conclusion

Formally, the recession has been over for almost two years. In more usual times the economy would now be a place of rising confidence and investment as it embarked on a period of steady growth. It is clear that we are far from there. This is perhaps understandable given the causes of the recession and the enormity of the indebtedness and structural issues that need to be addressed. The information security market is currently operating in an environment of sub-trend growth and squeezed living standards. It may also be timely to remind readers that in spite of a widespread perception government spending has yet to fall. Government spending was still a net contributor to economic growth in the first quarter of 2011.

Against this backdrop the information security market is surprisingly robust particularly as corporate investment remains subdued. In normal circumstances this would badly impact the demand for information security practitioners. It is perhaps the good fortune of those working in information security that high profile cyber attacks and well publicised failures in information security are ensuring that companies and government are currently prepared to invest in securing their information systems. On the back of this business continuity is also enjoying a period of growth. As a result, in spite of the difficult economic backdrop and general mood of caution, the number of information security practitioners employed in the economy has grown. The information security recruitment market is enjoying what is effectively full employment. Candidate shortages are as evident today as at any time in the past.

It is, however, clear that the propensity of companies to recruit is lower than it was six months ago. Recruitment processes are seemingly taking longer to complete and it is clear that employers in all sectors are aware of the potential risks to the economy that lie ahead. Outside of one of these risks crystallising, the fundamentals of the information security market remain solid and we anticipate full employment for the remainder of 2011.

Latest jobs

Senior Consultant
  • Location London
  • Salary £35,000 - £45,000
  • Job type Permanent
  • Sector Professional Services
  • Description A Top 5 consultancy in the city have a surge in growth in their FS Advisory team and are looking for a Senior Consultant to work on a variety of engagements covering all financial service industries.
Information Security Officer
  • Location Surrey
  • Salary £60,000 - £70,000
  • Job type Permanent
  • Sector Cyber Security, Technology Risk, Information Security
  • Description Information Security Officer My client, a leading financial services organisation is looking for an Information Security Officer to be responsible for information risk assessments
Credit Analyst
  • Location Frankfurt am Main
  • Salary €100,000 - €130,000
  • Job type Permanent
  • Sector Banking, Other Financial services
  • Description Our client is a well-known global Investment Bank who are seeking an experienced Credit Analyst to be responsible for the assessment and rating of FI and NBFI counterparties.
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