According to a recent report by Morgan McKinley the City's job market is now getting into full swing, with the numbers of jobs advertised up 50% compared to January last year.
Highlights
- 64% of City professionals report a higher bonus payment than 2005
- One in ten received double or higher than the last bonus round
- Very positive start to 2006 for City hiring with new jobs up 50% year-on-year and 130% month-on-month
- Average City salaries for the first month of 2006 grew 4.7% compared to January 2005 levels
More than 70% of City professionals are satisfied or more than satisfied with their bonus this year. A similar number (67%) stated that their bonus award had met their expectations with one in ten (10%) receiving double the previous year, according to the City’s leading recruitment experts, Morgan McKinley.
The findings are disclosed in the latest Morgan McKinley London Employment Monitor, following a survey of 169 City professionals working in investment banks and financial services institutions in the City of London.
Robert Thesiger, Chief Executive of Morgan McKinley comments:
“This is yet more good news for London’s financial services professionals. Salary levels are increasing in line with an accelerating job market and we expect this trend to continue throughout 2006.”