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Banking graduates go to 'boot camp'
Friday, 17 August 2007
Professional & financial services
Graduates hoping to get into the financial sector could benefit from a more rigorous 'boot camp' style recruitment drive.
The 'boot camps' offer graduates the chance to show their stamina on a temporary basis with the focus of training them into a more specific role when they have the right skill level.
The idea of the scheme is to plug the shortage of applicants for banking jobs and at the same time provide graduates with extensive work experience or full time employment.
Explaining the scheme, recruitment firm Joslin Rowe's Alex Niarchos, said: "Essentially, the scheme gives banks the flexibility to hire someone straight away on an ongoing contract for as long as they need in a certain area which is particularly short staffed."
He added: "Although this isn't a permanent role it can often lead to one."
Highly ambitious financial sector workers list the opportunity to progress as the key factors to job satisfaction.
According to a survey, compiled by Robert Half Finance and Accounting and the Institute of Chartered Accounts, 42 per cent of accountants are happy in their work because they are given the chance to climb the job ladder.