City job opportunities up, but what about IT?

The number of job vacancies in the UK's financial services centre has increased by more than 120%.

According to finance recruitment company Astbury...

The number of job vacancies in the UK's financial services centre has increased by more than 120%.

According to finance recruitment company Astbury Marsdon, there were 11,000 vacancies in the first quarter of this year compared to less than 5,000 in the same period last year.

"With many institutions dramatically cutting staff numbers during the recession, banks seem to be starting to hire again and are now looking to appoint talented individuals looking for finance jobs," said Astbury Marsdon.

The IT workforce at financial services firms suffered massive job cuts as banks and other companies came to terms with lower business volumes and consolidation.

But financial services are as keen as ever to outsource work, according to the National Outsourcing Association (NAO). In a recent survey it found that the finance sector was the most positive about outsourcing in 2010, with 71% of firms more positive than last year.

Mark Cameron, COO at Astbury Marsdon, said the number of IT vacancies is increasing. "This is partly due to the number of companies with integration and post integration work to do."

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