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City workers score record 25% salary hikes to move jobs in red-hot talent war

London finance jobseekers are ‘aggressively looking for their next professional opportunity’, says Morgan McKinley

The City has been undergoing a period of soul-searching around burnout and mental well-being for employees
The City has been undergoing a period of soul-searching around burnout and mental well-being for employees Photo: Mike Kemp/Getty Images

London's financial services workers are seeing their pay jump by a quarter when they move jobs.

The average salary change for City job movers in the second quarter of 2022 was 25%, an all-time high, according to employment consultancy Morgan McKinley.

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