A Tale Of One City


It is the best of times (for those getting hired by London banks) and the worst of times (for those still trying to get hired by London banks).

Job vacancies in London's financial services sector were down 9 percent in the first six months of this year, compared with the same period in 2012, a survey showed on Friday.

The number of openings picked up in June from May, but the survey by recruitment firm Morgan McKinley showed that vacancies for the first half fell to 45,675, from 50,337 in the same period last year.

The number of active job seekers rose by 15 percent in the first six months from a year earlier.

Morgan McKinley said its survey indicated an average salary increase of 15 percent for those securing new jobs in June.

London banking vacancies down nine percent - survey [Reuters]