Finance & Legal Salary Survey

Accelerate Recruitment Finance & Legal Salary Survey 2024

Salary Survey Guide 2024

Updated with the latest sector insights and salary data, reflecting current trends, market activity, and the most sought-after skills.

Salary Survey September 2024 for Finance and Legal in Malta

As we move further into 2024, Malta’s finance and legal markets are showcasing both resilience and flexibility, reinforcing the country’s reputation as a robust centre for business and professional services amid the economic uncertainties facing Europe.

The finance sector continues to see strong demand for professionals, especially those skilled in digital finance, fintech, and regulatory compliance. These areas are becoming increasingly important as the sector evolves and integrates new technologies. While the iGaming industry is navigating through consolidation and regulatory tightening, it remains a key player in Malta’s finance sector, contributing significantly to its growth by adapting to regulatory changes and technological advancements.

In the legal market, there is a noticeable shift towards law firms and service providers, with growing interest in fields such as corporate law, financial services, litigation, and iGaming. This trend reflects a move away from generalist practices towards more focused, niche expertise, allowing firms to offer more specialised and sophisticated services to their clients.

Within corporate services and insurance, hiring practices have become more targeted, with a focus on filling strategic roles that enhance operational efficiency and strengthen core capabilities. This approach indicates a shift away from expansive growth towards optimising existing operations and prioritising quality hires that add significant value to the business.

The compliance sector in Malta is experiencing renewed growth following a period of stabilisation after the Moneyval evaluations. There is a rising demand for professionals with expertise in anti-money laundering (AML) and regulatory compliance, driven by the need to navigate an increasingly complex regulatory landscape.

Malta’s banking industry is embracing modernisation by adopting hybrid and remote working models, which are becoming essential to attracting and retaining talent. This flexibility is particularly important as banks compete with the more agile iGaming and cryptocurrency sectors, which have been quicker to adapt to these new working arrangements.

Human Resources departments are playing a crucial role in managing these industry shifts, focusing on strategic recruitment, employee relations, and talent management to support organisational changes. There is a growing emphasis on developing specialised HR skills to effectively navigate these evolving market dynamics.

Overall, Malta’s finance and legal markets are characterised by a blend of traditional strengths and innovative responses to global and regional economic challenges, positioning them for continued success in 2024.

 

How do we get this information?

We compile this salary survey from 12,000 people in Banking, Finance, and Legal in Malta. We also look at the salaries offered by 150 companies and government organisations across the Maltese Islands.

We consider trends in regulation in the EU, which have a significant impact on the Finance and Legal Jobs and Employment in Malta. We also consider local information and statistics from the NSO.