M&A activity is set to boost recruitment

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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