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Want a 19% Pay Boost? Get a New Job

  • City hiring is bouncing back from Covid, recruiter says
  • Number of jobs available in 2021 now same as in 2019

Switching jobs is proving lucrative for financial services workers in the City of London, who secured an average pay rise of almost a fifth when they changed companies in the fourth quarter. 

The 19% average salary change was similar to the pay rises seen throughout 2021, according to recruiter Morgan McKinley’s Winter London Employment Monitor, underlining the Square Mile’s surging jobs market after the Covid outbreak cast a chill on recruitment in early 2020.