Banking and financial vacancies continued to rise in May, according to Morgan McKinley’s London Employment Monitor.

The Monitor reveals that the number of new job vacancies within the City jumped by 14% compared with April.

However, there were 62% fewer new job opportunities coming onto the market than a year ago.

Candidates registering interest rose by 18%, compared with last month, and it took candidates 55 days to secure a new job.

The average City salary in May was £49,238, rising 2% on May last year.