Confidence appears to be returning to the City with March figures showing an average period of 60 days for professionals to find a position, down from 64 days back in February. There was, however, also an increase in the number of people looking for jobs in the City, up 22% from the previous month.
It is good news, though, for those who have found positions as City salaries are also on the increase with a rise of 8% in March, resulting in an average salary of £55,689.
These figures are echoed by research conducted by financial services recruiter, Astbury Marsden who found that the first quarter of this year saw 11,020 new positions created and, during this same period, an increase in new candidate registrations of 21%. Astbury Marsden are predicting 53,000 jobs in the City across this year.
Similarly, Ambition, who recruit globally stated a vacancy increase of 19.8% per quarter from the second quarter of 2009 onwards.
Speaking to Freelance Supermarket, Andrew Evans, managing director of Morgan McKinley’s financial services division stated his belief that the increased job opportunities signals increased confidence within the financial sector jobs market.
Many have also suggested that the increase in City opportunities can be linked to the recovery of the FTSE 100 which has resulted in a move from bonds to equities. This has resulted in an increased demand for skilled candidates in this field.