Financial services roles remain at a premium as hiring levels slump

HIRING for financial services roles in London fell to its lowest point so far this year during August, with just 4,095 vacancies compared to the 10,291 job seekers that entered the market, a report said yesterday.

New opportunities in the financial sector fell 18 per cent month-on-month from July, and were down a huge 26 per cent since August 2010, when 5,544 jobs were available, claim figures from Morgan McKinley.

Between July and August, the number of new job seekers in the financial services market rose by 17 per cent – a five per cent decrease on the same time last year.

But for those who did manage to secure a role during August there was at least some good news, as average salaries for new employees rose by three per cent from July.