A projected upturn in merger and aquisition activity in 2005 should lead to continued recruitment within the corporate finance sector, according to research by recruitment consultants Morgan McKinley released today (Monday).
Link: Finance sector boosts jobs and optimism
The company’s employment index shows a growth in financial regulation and reporting requirements should propel demand for accountants across the City.
Ken Brotherston, chairman of Morgan McKinley, said that 2005 is ‘shaping up to be a good solid year’ for the financial services recruitment market in London.
The report showed the trend in salaries for 2004 was generally upwards, with average City salaries increasing by 3.69%.
The highest salary rises were for middle-market professionals (financial controllers, junior analysts, and product controllers) and administrative/support staff. These had respective increases of 13.8% and 6.9% over the past 12 months.
Brotherston said that ‘the overall salary pressure is reasonably under control, as bonuses continue to hold significant weight in the make-up of total compensation packages.’
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