Competition For Finance Jobs Stabilises

Thu, 28 Feb 2008

The level of people seeking jobs in the banking and finance sectors has stabilised following recent panic caused by the credit crisis, according to new figures.

Recruitment firm Joslin Rowe have revealed that despite fears of job losses and pay cuts, city salaries are actually up by 10.8 per cent from the same period last year.

The firm added that during January there was an 8.5 per cent rise in permanent vacancies for banking and finance jobs, with around 30,000 people seeking such jobs compared to the 37,825 recorded in October.

Tara Ricks, managing director of Joslin Rowe, said: "As the panic has subsided and candidates have realised that salary levels and job vacancies are buoyant, candidate numbers have stabilised."

There was also an increase in the level of temporary job vacancies, up from 12,330 in December to 14,480 last month.

The average salary of a finance worker in London was reported at £38,759 during January, with hourly rates for a temporary employee rising to £16.49, according to Joslin Rowe.

A recent study by accounting firm Robert Half revealed the average salary of an accounts assistant had risen to £19,500, up by 25 per cent from last year.
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