focus within the industry in 2011.

Banks have upped their talent significantly in 2010 and will now want to hold onto those working for them, said Lynne Hardman, Badenoch & Clark's executive director.

"Retention will be a key focus as banks have boosted their teams significantly in 2010, and will now be intent on retaining talent, and ensuring the continued influx of opportunities onto the market doesn’t see their own talent leave," she explained

This comes after the Morgan McKinley London Employment Monitor found that there were 22 per cent more professionals entering the jobs market in 2010 than 2009.

According to a press release from the Office for National Statistics, the employment rate for those aged 16-64 for the three months leading to October 2010 had decreased by 0.1 down on the previous quarter.