Switching City jobs brings a pay jump of 24 per cent
Monday 11 February 2013
City workers who switched their jobs last month will have started the year with an average 24 per cent pay rise, figures have revealed.
London's financial services sector had 2,331 available jobs in January, 76 per cent more than in December, with IT, compliance and auditing roles among the most lucrative.
However, the figures from Morgan McKinley show that the actual number of jobs available dropped by 18 per cent year on year.
Experts warned that storm clouds are now gathering over the City jobs market, with thousands of financial services jobs expected to be cut this year. Hakan Enver, operations director, said: "January once again illustrated the pattern of renewed hiring activity that we see at this time of year.
"Hiring-managers and key decision-makers returned to work, preparing to release new jobs to the market following budget and headcount restrictions limiting hiring in December.
"While a 76 per cent increase in job availability may seem like a sign of an improving market, looking back at 2012, job availability fell to a real low across the City.
"This lowered level of job availability underlines research from the CEBR, which forecasts that London is set to lose 13,000 financial services jobs this year."
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
Isis 'throw man off a building for homosexual affair' and beat him to death when he survives
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...