London salaries reach 2009 high

- Marcus Jones
- 24 Aug 2009

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LONDON - Average annual salaries for new hires in London's financial services sector hit their highest levels this year in July, driven by a more competitive recruitment environment.

Research from London-based recruitment consultant Morgan McKinley released on August 18 said new recruits in July could have expected offers on average of £53,223. This was up 6% on June and 1% down from July 2008.

Emma Healy, senior consultant, operations, at Morgan McKinley in London said: "This is in contrast to

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