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London-based financial services job vacancies 'are surging'
Tuesday, 25 May 2010
Banking and Finance
Graduates looking to secure jobs in the financial sector have received a boost after new research suggested that vacancies in London soared last month.
A study commissioned by Powerchex revealed that the number of financial jobs in the City increased by 87 per cent from April 2009 and by 12 per cent from the March 2010 total.
The pre-employment screening company noted that insurance and hedge fund positions rose by over 100 per cent each on a year-on-year basis, while investment banking opportunities surged by more than 200 per cent.
Powerchex director Alexandra Kelly said: "The figures show an amazing improvement, that things have been getting steadily better since the beginning of 2009."
However, Ms Kelly added that the improvement is a "phenomenon specific to London and financial services in particular" and must be viewed in the context of emerging from the recession.
Last month, the Advertising Association and Warc claimed that the UK advertising industry will increase by 3.6 per cent on an annualised basis in the second quarter of 2010, creating a number of media graduate job opportunities.