Uncertainty in the financial sector has led to a slowdown in the
city jobs market, the findings of a new survey suggest.
The results of the Morgan McKinley study showed that the number of new job vacancies advertised in February 2008 was 9.6 per cent lower than in the corresponding month last year.
In addition to the fall in vacancies, the average salary within in the financial services sector in London was found to have dropped by 1.9 per cent to £50,119 in the past 12 months.
However, the fall was not uniform, as although senior positions were found to be attracting lower rewards, the salaries on offer to middle ranking professionals, such as financial controllers and business analysts, have actually risen by an average of 4.7 per cent in the past month.
The figures come after a period of instability in the financial services market caused by the sub-prime crisis, which led to major players such as Morgan Stanley and Citigroup cutting their global workforces.
© Adfero Ltd
