The second richest country in the world

Luxembourg’s success in funds started over 25 years ago with fund & transaction processing. Since then, roles here have grown to cover oversight functions, such as risk & compliance, and fund oversight & sales. All this is due to the unique regulatory environment available here, highly skilled staff, and an ecosystem that allows funds to passport in many locations in ways that EU investors are confident in.

Funds Talent - recruitment specialists in the funds industry in Luxembourg

The Luxembourg
lowdown

Luxembourg has the highest minimum wage in the EU

The minimum wage depends on whether you have a degree, or not, but either way, it’s the best minimum wage in Europe.

Luxembourg City was the first to be listed twice as the European Capital of Culture.

In 1995 and again in 2007. It holds numerous UNESCO titles, (including for 17km of underground tunnels that exist under the city!) and leading artists born in Luxembourg include Edward Steichen and painters Theo Kerg and Michel Majerus.

The restaurant with the world’s largest wine list is in Luxembourg

If you visit the Restaurant Chiggeri in the city of Luxembourg, you can take your pick from more than 2,200 different wines.

The Grand Duke’s official birthday is June 23rd

And everyone has a day off as a national celebration! The night before the city turns into a big street festival and anyone and everyone is making the most of the street parties, drinks flowing and a super fun atmosphere, where you will bump into 100 people you know.

Lush green forests cover more than a third of the country’s land mass

And it is all extremely beautiful! Try walking the grund in your lunch hour, or starting your day with a morning jog down La Petrusse.

The highest court in the EU is located in Luxembourg

The Court of Justice of the European Union has 27 judges, one per EU member state.

Funds Talent - recruitment specialists in the funds industry in Luxembourg

A location for fast career growth

With a base salary that starts at almost €30,000 per year for graduates, Luxembourg is one of the best locations to begin working in Europe, especially for bright accounting and legal graduates. Since the financial sector is growing so quickly, there are numerous opportunities for candidates to build a strong career path; opening offices, building teams and growing careers quickly.

Funds Talent - recruitment specialists in the funds industry in Luxembourg

One of the safest countries in the world

Crime is on a downward trend in the Grand Duchy’s capital. The higher than average per capita income provides insulation against economic shocks, and the greater wealth also allows better funding for public services. Coupled with a lower than average population, this results in the effective allocation of public resources, such as law enforcement and health care, and acts to reduce crime.

Candidate FAQs

  • Will my application stay confidential?

    Absolutely. It’s a fact that sometimes you need a new job when you are already in one. We provide a safe space to look, without being seen. More than 80% of our candidates are not ‘actively’ looking. Confidentiality is at the heart of what we do.

    Our confidentiality promise: we’ll never share any details about you unless we have already obtained your specific consent to do so, and that means we’ll contact you each time we have a new vacancy to obtain your specific consent to submit you to that role. Please don’t go back on giving us your consent when you have already given it to us, because by that time a lot of work has already gone into your application.

    We also ensure that our clients do not think it’s a good idea to reference check too early, waiting until after the contract has been signed – and then only speaking to referees you have given. We don’t want to compromise your position in any way.

    Likewise, we’d appreciate it if you wouldn’t share any details about our roles, especially to other recruiters, who in most cases would love to know who our clients are.

     

  • Is Funds Talent specialised in Luxembourg?

    Although we have filled roles across Europe over the years, Luxembourg is our core market where today we are completely specialised.

    It does not matter if the person contacting you is in our London or Luxembourg office, both our offices are specialised in serving the Luxembourg market. We struggled to find enough team members on the ground in Luxembourg, so we decided it was more important to have the right people on board.

  • Is Funds Talent completely specialised in Funds businesses?

    Yes! For more than 15 years we have specialised in making placements in only funds businesses. As we do not provide any other sector with staff, we’ve become the market leader in Luxembourg for jobs in asset managers, fund services firms, and niche investment funds. Our clients are an attractive cross section of the industry; we’ve done this on purpose so that we can offer our candidates the full range of role types to best suit them, from fast growing jobs, to more technical positions, or people-led companies – we have always focused on having a large range of options to offer.

    As a Funds Talent candidate, you will gain access to information about jobs and companies that others do not know; the histories of the management teams, why we think they are a good / bad fit to your profile, and why. We’ll be able to give you clear career guidance, tailored to your needs.

  • Is your fee deducted from my yearly income?

    Absolutely not, our fees are paid for by our clients, and they do not impact your salary at all. In most cases, companies will incur costs with having a seat empty; they would either lose clients, or have problems providing a service that they are paid to do.

    This is why companies have a budget to recruit that is completely separate to the salaries they will pay their employees. The recruitment budget is a one-off investment in their business to find the right person. Many successful companies recognise that it makes sense to invest in their people, because that way they can find better people. This leads to them having a more successful business in the long-run.

  • Will I get a lower salary by applying for a job through a recruiter?

    No, agencies fees are paid by the companies that have hired them to find the person. In most cases, companies will incur costs with having a seat empty; they would either lose clients, or have problems providing a service that they are paid to do.

    This is why companies have a budget to recruit that is completely separate to the salaries they will pay their employees. The recruitment budget is a one-off investment in their business to find the right person. Many successful companies recognise that it makes sense to invest in their people, because that way they can find better people. This leads to them having a more successful business in the long-run.

  • Can I take part in different recruitment processes at the same time?

    Yes, we actually advise you to consider multiple options in order to see how you feel about different jobs and different companies. The same job can feel very different in another environment; big or small, niche or volume, has almost as much impact on the work as the job content itself.

    So, while it’s important to know what kind of job feels right to you, it’s also important to test your own reaction to jobs by reviewing different types of roles and attending interviews for different types of employers.

  • Do I need to speak French and German to work in Luxembourg?

    There is a large working population in Luxembourg that only speaks English, and they are doing very well!! While it’s nice to have other languages, you can learn them when you arrive. Many of our clients offer lunch hour language learning, or allow flexibility on some days for you to learn another language by leaving early for a language class.

    Of course, it would be handy having other languages; French is useful to communicate in town, but many people thrive in Luxembourg without speaking good French. You can find out more about languages in our Language section here.

  • What is the average salary in Luxembourg?

    The average salary in Luxembourg is quite high in comparison to other countries, and even in comparison to other EU countries. It depends on the sector, but outside of financial services it is around €15,000 gross per year, lower than jobs within the country’s financial services sector.

    The Statec website will provide you with more detail, but we believe the average salary within Luxembourg’s funds sector is around €65,000 per year for an average employee in a typical role – with an average number of years’ experience.

    As graduates start with a base salary of almost €30,000 gross per year, it is not hard to see how within 5-6 years most candidates who are doing a good job will reach the average salary bracket, much higher and more quickly than this number would reach in other EU countries.

  • Which jobs are hiring the most in Luxembourg?

    The most active areas of employment for companies in funds are: Finance & Accounting (funds and corporate), Legal & Corporate, Risk & Compliance, and Sales.

  • Do I need particular skills to work for an Asset Manager?

    Yes, you need to train in a specialism, ideally at degree-level, before you start looking for work in one of the main areas that is useful to an asset manager.

    Depending on your profile, you might be more interested in the front office (sales, client relationship management), the middle office (fund legal, structuring, risk), or the back office (accounting, transfer agency, fund administration).

    You should apply to degrees and jobs that match your personality profile, as well as challenge you in areas that you enjoy working in, whether it is communication-led roles, like working with clients, or technical-led roles, like working as an accountant or a lawyer. Always try to start with your core skills in mind before applying for a job.

  • Which recruitment agency specialises in Asset Management in Luxembourg?

    Funds Talent are the largest and most specialised recruitment firm for the funds business, having started out as Funds Partnership 15 years ago, and now having a staff of more than 12 colleagues, all specialised in the asset management sector.

  • How much of your work is in Luxembourg?

    Today, 95% of our work is in Luxembourg. Historically, we also recruited in other fund centres around Europe, but the Luxembourg office grew so quickly that we decided to specialise here – which we did from around 2015 onwards.

  • What areas do Funds Talent work in?

    We specialise in all funds businesses, so that could mean directly with Asset Managers, AIFMs, and niche funds; or Fund Services companies like accounting and administration firms; Depositary Banks, Custody Banks, and niche Risk / Compliance Firms.

  • How is your company organised?

    We are quite atypical in the recruitment word, as our structure is more similar to that of an audit firm, or law firm. We are quite a small team (but large in the recruitment world) so we don’t have a heavy structure.

    The Partners / Directors are more involved with client issues once they have been escalated, and our middle layer, which is the majority of our team, focus on getting to know our clients really well – but also deliver to searches. The only real structure and hierarchy in our team comes from how senior people are. The people that are the newest to our team are of course the ones that deal with the most candidates, but many of them also have significant client responsibilities as well.

    To our candidates, we frequently have the feedback that they like being involved with different people at Funds Talent throughout their experience with us. Each person in our structure brings a different set of skills to hiring, and you can have access to really senior people when you need it.

  • What are the steps of the process?

    If you contact one of our great team, we will take you through this live. It’s all very simple and easy to imagine.