Financial sector jobs market boom continues after latest bonus round

The flurry of post-bonus financial sector employee movement continued in February with the number of job candidates up 22% on the same month last year.

New job numbers were up 15% compared with February 2006, but saw a drop of 10% from January 2007, according to the research by recruitment firm Morgan McKinley.

Robert Thesiger, chief executive of Morgan McKinley, said: “New job numbers in February are still higher than the average rate for the whole of last year, and indicators point towards this pattern of growth continuing for the remainder of 2007.

“It is not just the permanent hiring market that remains strong within the investment banking and financial services industry in London. With pressure on supply, institutions are looking to fill the void with the best talent available – whether that is on a permanent, interim or temporary basis.”

For the majority of financial services workers, basic salaries remained relatively steady last month, with the average salary standing at £51,087, up 0.7% on January.

There were 128% more financial services jobs on offer in London in January than December, according to Morgan McKinley.

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