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Morgan McKinley’s monitor of employment showed that the total number of financial job vacancies in London rose to a peak for 2009 in October. That really is great news for people looking for graduate jobs in London as the total increase will hopefully be reflected in the graduate sector too.

Morgan McKinley’s statistics revealed that there was a 15% increase in the total number of new London job vacancies in the financial services sector between September and October. Also, October saw the smallest annualised decrease in the number of new city jobs on offer since June 2008.

The managing director of Morgan McKinley’s financial services division, Andrew Evans, said of the findings: “The City jobs market has, and continues to see, a general trend of improvement each month and October’s figures are consistent with this pattern. London’s financial services recruitment market is in a very different place compared to 12 months ago when City hiring was in the midst of a downward trend which saw job volumes contract from month-to-month.”

Progress in the graduate job market has been slow and a little unsettled this year but it is encouraging to find that the number of financial graduate jobs in London may be on the rise.

Evans did, however, caution that seasonal factors may affect the figures for the next few months. He suggested that the Morgan McKinley employment monitor for February 2010 would be a good indicator of whether or not the rise in the number of job vacancies seen over the last six months would be sustainable over the whole of next year.

If you are seeking a graduate job in London – whether it’s the financial sector or any other – then you’ll find lots of the latest opportunities on our London graduate jobs page.