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City salaries rise by 10 per cent in six months

Average city salaries have increased by 10 per cent to 50,673 in the first six months of 2005 according to research by Morgan McKinley.

This compares to an average salary of 46,113 recorded in January 2005. Over the same period of 2004 salaries rose by 8 per cent.

Senior professional salaray offerings have experienced the highest increase of 13 per cent from 65,857 in January to 74,768 in June.

Morgan McKinley says the employment market has become increasingly candidate driven due to a shortage in good quality candidates.

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