London is teeming with job opportunities across a wide range of sectors. Offering a cosmopolitan lifestyle, working and living in London can be a rewarding experience. With large multinational corporations and many British companies headquartered in the city, those seeking to start or further their careers have a wealth of opportunities open to them. Candidates relocating for jobs in London should factor in accommodation and commuting costs relative to the location of any potential employer, while residents of the city and its surrounds are already well placed to take the next step in their career. Information from May 2017 on the london.gov.uk website put the capital's employment rate at 73.3%, which is around the UK's average.
London Job Opportunities
From retail jobs in London to manufacturing, the city offers opportunities in a wide variety of sectors. However, some areas have been identified as having the stronger opportunities and career growth potential.
Known as the City or Square Mile, the business district offers financial management jobs in London ranging from asset management and investment trading to technology and energy start-ups. There are over 3,000 enterprises located in the City of London including many foreign-owned companies with a global reach.
England's capital has historically been the centre of the UK's media industry due to its proximity to central government, giving rise to digital media jobs in London in recent years. While jobs in traditional print and broadcast media have declined in recent years, they have been replaced by the growth in online digital and content roles.
London Employment Trends
A recent study carried out by the City of London Corporation examined the impact of technology companies on the business district. With multinationals keen to be located near innovative new companies and entrepreneurial start-ups seeing the benefit in being close to established investment organisations, landlords believe fostering these links will lead to growth in both areas. Strong transport links and location were cited as two of the key drivers of companies locating to the city which should help it maintain its status as the most profitable financial district in the world, generating approximately 10% of the UK's tax revenue.