The number of job opportunities in London's financial services sector has fallen sharply in the past 12 months, according to a new report.
Figures compiled by Morgan McKinley show that the amount of new
city job vacancies available last month was 23 per cent down on March 2007.
The statistics also reveal that the number of financial services professionals looking to change roles was four per cent higher than 12 months earlier and that the average length of time taken to find a new job was 60 days, compared with 47 days during March 2007.
However, the report is not all bad news for professionals considering their next move. Although the average city salary was found to have risen by just 0.6 per cent to £49,765 during the last year, workers who switched jobs gained an average pay rise of 20 per cent.
The figures come against a backdrop of city job losses. Royal Bank of Scotland this week became the latest financial sector organisation to cut its workforce when it made 200 people in its global banking and markets business unit redundant.
© Adfero Ltd
