A recruitment agency that works alongside foreign exchange professionals will place brokers, consultants, traders and account managers into vacancies within the travel industry. Foreign exchange professionals are typically responsible for buying, selling and advising about all issues relating to foreign currency. Expert travel recruiters will work alongside candidates and clients to facilitate employment for a range of foreign exchange jobs.
Qualifications and entry requirements
Roles within foreign exchange are usually open to all graduates, however most staff will have acquired a degree in maths, economics, accounting or business. Many employers will favour applicants with 2-3 years of relevant experience but this isn't always necessary. Non-graduate routes into the job are uncommon, however starting in an admin position or sales role can eventually lead to career progression.
Salaries
Annual earnings for a foreign exchange job will vary depending on the role and level of commission that staff are able to command. Trainee and junior brokers can expect a starting salary of £20,000 per annum, however experience and working for a large London organisation can see this rise to £70,000. Most broker / trader roles also offer commission and this can increase earnings to £100,000+. Other foreign exchange positions such as retail and sales consultants will often see entry salaries of £16K-£20K, but senior corporate FX sales professionals can potentially earn in excess of £50,000.
Foreign exchange positions are often highly valued by employers and this may lead them to approach travel recruitment agencies in order to fill these roles. A consultant with knowledge of the job role will understand what is needed of forex candidates and be able to place them into their clients' short or long term openings.