Financial Recruitment in City Reaches 18-Month High

Apr 15th

City recruitment has recovered to levels not seen since the collapse of Lehman Brothers 18 months ago. There is some sentiment that recruitment levels could reach pre-credit crisis levels within months and financial firm Morgan McKinley reports that the average City salary rose by eight percent to 55,689 pounds in March compared with February. The recovery in City recruitment is not expected to be mirrored in the overall UK jobs market however, and there is concern that public sector job cuts over the next 18 months could hinder the economic recovery.