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UK – London financial services jobs still trying to recover

12 July 2013

There were 7,749 new jobs created within the financial services sector in June 2013, equating to 2,205 less jobs than the same period last year, according to Morgan McKinley’s London Employment Monitor. During H1 2013,  there were 45,675 new jobs, compared with 50,337 during H1 2012, equating to a decline of -9%.

“After a quieter period over Easter, Q2 has seen a gradual rise in job availability, with three consecutive months of increasing numbers of new jobs being released. This is a positive sign, although tempered by the lower level of hiring compared to June 2012,” said Hakan Enver, operations director, Morgan McKinley Financial Services. 

UK new jobs

Graph of New Jobs

Professionals looking for new positions numbered 7,203 in June, an increase of +15% compared with June 2012. The average salaries for those securing new jobs rose in June by 15%, month-on-month and rose +12% compared with a year ago.

“This +15% increase for those accepting new permanent salaried roles tells us something about employers’ approach to seeking new talent. A competitive compensation structure is still regarded as the main motivating factor for those move from one organisation to another,” added Mr Enver. 

UK job seekers

Graph of Job Seekers

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