Financial sector jobs pick up, latest City figures show

18 Nov 2009

Job prospects for well-qualified candidates in the financial sector have picked up again, a new report has revealed.

Recruitment rates within Britain''s finance sector are beginning to pick up again, it has been revealed.

After several months of relative stagnation in the sector, the latest Morgan McKinley employment index has pointed to a 15 per cent increase in new opportunities in London in October.

While the number of vacancies on offer for the month was down by six per cent on the figures recorded for October 2008, the month nevertheless saw the highest number of opportunities posted by employers for the whole of 2009, hinting that prospects for qualified finance workers are once again on the up.

Commenting on the statistics Andrew Evans, managing director of Morgan McKinley''s financial services division said: "The City jobs market has and continues to see a general trend of improvement each month and October''s figures are consistent with this pattern."

At the time, the index has also revealed that the average City salary fell from £52,142 to £51,350 between September and October.

These figures come as Tesco reported a 15 per cent increase in sales of Polish foods, with this being taken to suggest an upturn in the number of people heading to the UK for either work or educational training.