City financial services employment reaches record high

Posted: 20/10/2014

TheCityUK’s October 2014 London Employment Survey, released today, reveals employment in financial and related professional services in London reached a record high of 703,900 in June 2014, 11 per cent above the low seen in 2010 and nearly two per cent above the pre-crisis peak in 2007. Optimism among large London-based firms about employment prospects for the second half of 2014 is also up.  

Between January and June 2014, net headcount across the industry increased by 11,300, largely due to an expansion in professional services jobs, which were up 3.1 per cent. While accounting and management consulting firms were the biggest contributors to employment growth in the capital, employment in financial services also saw an increase after experiencing a five per cent decline in 2013.

According to TheCityUK’s Survey, a further 1.5 per cent increase in employment is forecast across the second half of 2014. This would bring headcount up to 714,500 and represent a 3.1 per cent rise in total financial and related professional services employment over the year, up from 2.4 per cent in 2013.

Click here to download PDF of the report. 

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