More work and more pay for City of London finance professionals

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The number of jobs advertised in London’s financial district has risen by a third over the past year, according to figures published by Morgan McKinley, with advertised salaries also up by 20% on average.

A string of scandals at UK based financial organisations has seen many banks scrambling to take on high quality new staff to help cope with the fallout. Hiring is also strong across Product Control and Regulatory Reporting roles at AVP and VP level, as well as positions related to organisational change, compliance, mobile and digital technologies, user experience, data managment, analytics and IT security. 9,315 City roles were advertised in July, compared to 7,056 in the same month in 2013 – but demand for these jobs remains high with a 40% increase in candidates since June this year.

Our latest data indicates that City hiring remains exceptionally buoyant, and where we would expect it to be following the seasonal dips we reported earlier in the year” said Hakan Enver, Operations Director at Morgan McKinley Financial Services. Enver also highlighted the increase in pay, saying that this “is borne out of the competition among employers to attract candidates with niche skill sets, while businesses are doing their utmost to ensure employees stay put by increasing their base pay.”

 

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