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London financial services industry sees jobs boost from last year

Published: Friday, 14 December 2007   Category: Professional & financial services

The number of job vacancies in the London financial services industry is 23.3 per cent higher than this time last year, according to a report.

Research from Morgan McKinley revealed that despite the number of vacancies falling in November, there is still an increase from 2006.

Robert Thesiger, chief executive of Imprint, Morgan McKinley's parent company, said: "Recruitment activity in the idle and back office is still happening and we would typically expect volumes to be quieter at this time of the year. Comparisons between 2006 and 2007 monthly figure reinforce this."

He added that any firm predictions for the coming year are hard because "there are too many conflicting views in the market currently".

Students looking for graduate finance jobs in the New Year may be encouraged by the news, although the report also shows that the average basic salary in the sector dropped by five per cent last month.

Morgan McKinley is a recruitment consultancy that specialises in the banking and financial sectors.

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