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The Association of Executive Search and Leadership Consultants has more than 550 executive recruitment members operating in London. These search consultants work for about 15 AESC Europe member retained executive search firms. These top executive search firms, or London headhunters, specialize most frequently in recruiting for financial services and IT executive jobs, although expertise is shared across London's diverse base of industries.
Executive Jobs in London
The bulk of London’s workforce is service-based, with over 85% of the population of greater London working in the services industry. Another half million employees residing in the greater London area work in manufacturing and construction. London offers a business-friendly environment, good transport infrastructure and a deregulated economy with little intervention by the government, all of which provide a great foundation for corporations and executive job seekers looking to headquarter there.
London hosts over 480 overseas banks, more than any other city in the world, with over 100 of Europe’s 500 largest companies headquartered there. London also hosts the headquarters of 18 companies from the Fortune Global 500, including:
- Lloyds Banking Group
- BAE Systems
London is the UK's leading source of executive jobs in media. The media industry is London's second-most competitive sector. The BBC is a key employer, and many national newspapers are edited in London.
Science, research and development are playing an increasingly important role in shaping the economy of the city thanks to 1,340 million Euros of public funding, 25 research institutes and medical schools and 23 National Health Service hospitals, and allowing many executive jobs in London with leading healthcare and life sciences firms to be filled in London. London has 175,000 health-care professionals, 6,000 scientists specializing in pharmaceuticals and biotechnology, and 80,000 medical and science students studying at universities and colleges each year.
Tourism is another of London's prime industries, employing approximately 350,000 full time workers. Annual expenditure is around £15 billion. Again, executive search in hotels, hospitality, and other tourism-based industries provides another niche of opportunity for executive positions in London.