Despite the credit crunch, jobs in IT are on the increase in the City with demand for testing roles increasing by just more than 8% in the second quarter this year.

According to The IT Job Board, recruitment in investment banking IT positions showed a surprising increase of 50% during Q2 with hedge fund positions also doubling during the same period.
 
Adam Stokes, operations manager at The IT Job Board, said: "Surprisingly we are seeing a surge in demand for financial IT workers, but this could be due to the work being put into develop systems that allow for better risk."
 
He continued: "The good news is that we are seeing stability across IT positions as a whole, with no further significant drops since the beginning of the year."