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City demand outstrips supply

18 May 2007

City demand outstrips supply It's a good time to be graduating if you want a job in the City.

For the third month this year, job vacancy numbers in the City of London's financial services industry have outstripped supply.

Robert Thesiger, chief operating officer Europe of Imprint Plc, told Onrec: "The City of London's job market remains in rude health with sustained growth in new job vacancy numbers compared to this time last year.

"However, the availability of quality candidates to feed these rises in demand continues to be a key concern for the sector.

"The numbers of financial services workers looking for new career opportunities each month, is simply not enough to bridge the gap between demand and supply."
Graduates entering City jobs can expect to earn top salaries.

Those graduates who have been working as investment bankers for just four years can currently expect to be paid as much as £85,000 per year - and that's without taking big City bonuses into account.

Last year a survey by publisher GTI found that investment banking was the most popular future career for university students.

The research found that 20 per cent of the 20,000 undergraduates and recent graduates interviewed would like to work in this area.

Accountancy, another financial career closely associated with the City of London, also ranked high on the list.

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