London banking vacancies drop in 2013

12 July 2013

Jobs in the financial sector appear to be thin on the ground in London and vacancies were down nine per cent in the first six months of 2012, according to a new survey.

The study by Morgan McKinley, obtained by Reuters, found that openings dropped to 45,675, which is reduced from the 50,337 in the same period last year.

However, there are signs the market is picking up, as vacancies rose in June.

Unfortunately, the number of active job seekers increased by 15 per cent in the first six months of this year from the same time in 2012. Meanwhile, the survey reported an average salary boost of 15 per cent for those securing new employment in June.

A lack of mergers and acquisitions in the UK has led to the trading and corporate finance sectors drop in numbers, while the compliance and audit market has seen good recruitment levels in the city.

By Gary Cooper

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