Financial services jobs in London continue to fall

The number of financial services jobs created in London fell for the fifth consecutive month in November.

The Morgan McKinley London Employment Monitor today revealed there were just 3,780 new opportunities in the City last month – down from almost 9,000 in June.

The number of job candidates was also down 18% from October, while the average City salary fell 3% to £46,516.

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Robert Thesiger, chief executive of Morgan McKinley’s parent company, Imprint, said: “The redundancy announcements and hiring freezes that have continued to make headlines in recent weeks clearly demonstrate that the financial services industry, both in London and globally, continues to face extraordinary circumstances.”

Maria Bentley, global head of HR for investment bank UBS, last month told Personnel Today that the finance sector’s role in the economic crisis would keep job applications down for some time.