ai tech — ai tech — Demand for AI and tech experts has driven vacancies in the UK financial sector up by 12% in 2025, according to recruiting firm Morgan McKinley. This increase reflects a significant shift as companies strive to maintain competitive edge in an evolving technological landscape.
The year-on-year rise in vacancies occurred despite a slowdown in the fourth quarter, influenced by market volatility and uncertainties surrounding the government’s budget announcement in November. Morgan McKinley’s London Employment Monitor, which tracks financial services vacancies, highlighted this trend in its latest report.
Ai tech: Shifts in Employment Trends
Emerging roles in software and computer services now represent over 16% of total vacancies in the financial sector. This marks a notable shift from traditional roles such as investment management and banking, both of which accounted for 15% of vacancies last year. Mark Astbury, director at Morgan McKinley, pointed out that the growing demand for specialised skills is indicative of a broader change in the industry.
Decline in Traditional Roles
In contrast, clerical and administrative positions have seen a significant decline, with a drop of 16% in job opportunities. Broking roles experienced an even steeper decline, falling by 20%. This trend underscores the impact of AI and automation, which have reduced the need for staff in these more traditional functions.
Future Hiring Projections
Despite recent slowdowns, Astbury expressed optimism about continued robust hiring in the first quarter of this year. With unemployment remaining relatively low at 5% and inflation stabilising at 3.2%, the financial sector appears poised for ongoing growth.
The Technology Arms Race
The increasing demand for AI and tech professionals is part of a wider technology arms race within the financial sector. Companies are investing heavily in new technologies to enhance efficiency and stay ahead of competitors. As this race continues, the need for skilled individuals in these areas will likely remain strong.
