Demand outstrips supply as City recruitment firm Morgan McKinley survey shows jobs market is booming

Vacancies in London’s financial services sector increased by 27% in April compared to the same period last year, according to new figures from City recruitment firm Morgan McKinley.

Morgan McKinley also found that for the third month this year, new vacancy numbers outstripped supply in April, despite an increase of 15% in candidate availability compared with April 2006.

The average City salary has remained relatively unchanged month on month at £51,159, Morgan McKinley said.

Robert Thesiger, chief operating officer Europe of Morgan McKinley’s parent company, Imprint, said: “The City of London job market remains in rude health with sustained growth in new job vacancy numbers compared to this time last year. However, the availability of quality candidates to feed these rises in demand continues to be a key concern.

“The numbers of financial services workers looking for new career opportunities each month is simply not enough to bridge the gap between demand and supply,” he added.


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