{"id":613507,"date":"2024-01-16T00:00:00","date_gmt":"2024-01-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/16\/still-want-to-go-and-work-in-the-city-of-london\/"},"modified":"2024-01-16T00:00:00","modified_gmt":"2024-01-16T00:00:00","slug":"still-want-to-go-and-work-in-the-city-of-london","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/16\/still-want-to-go-and-work-in-the-city-of-london\/","title":{"rendered":"Still want to go and work in the City of London?"},"content":{"rendered":"

London is shedding finance jobs<\/strong>, with openings in the field down 38% year-on-year in 2023. Total job seekers dropped 16% in the same period, according to a new report by staffing agency Morgan McKinley<\/a>.<\/p>\n

What they\u2019re saying:<\/strong> \u201cWe haven\u2019t seen a drop of this magnitude for a while. After a year ofstrong pay growth and over-hiring driven by a tight labor market, signs of a cooling market emerged as we approached the end of a challenging year,\u201d Morgan McKinley UK chief Hakan Enver said. <\/p>\n

Global banks slashed some 60k jobs last year<\/strong> \u2014 and fewer people are interested in applyingfor those positions that are still open. <\/p>\n

What\u2019s more, job seekers are moving for smaller bumps than a year ago. <\/strong>The averagefinance professional taking up a new post got a 14% bump in salary last year \u2014 down from 20% in 2022.<\/p>\n

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Asset manager GQG <\/strong>doubles down<\/strong> on Mideast stocks:<\/strong> Florida-based assetmanagement firm GQG has built up stakes amounting to USD 2.8 bn in companies in the Middle East over the past 18 months, lured by \u201cbusiness friendly\u201d government policies, plans to move away from oil, and \u201cmassive privatization hopes,\u201d the Financial Times<\/a> reported, citing GQG founder Rajiv Jain. Meanwhile, the company has cut its investments in China to roughly half that level amid a government crackdown on private sector activity.<\/p>\n

ALSO WORTH NOTING- <\/strong><\/p>\n