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Banking sector could provide jobs for graduates

Published: Thursday, 11 February 2010   Category: All Graduate job news

New evidence has emerged that suggests the banking sector could once again become a reliable source of graduate recruitment.

Royal Bank of Scotland, one of the hardest hit banks in the recession, plans to hire 596 graduates in 2010, twice the number it did in 2009, the Financial Times reports.

USB, the Swiss bank, is also planning on hiring a similar amount of university leavers, while Citi and Barclays have reported 15 and 20 per cent respective increases in the number of graduates they will employ.

Professor Andrew Clare, from Cass Business School in London, admitted this increase in interest in banking careers surprised him.

"In 2007, when the financial crisis started, I thought maybe people would be put off from studying finance. But I was totally wrong. Student numbers are way up," he told the paper.

"If you're 22 or 23, you're thinking long-term. I'm sure money is a motivating force. But this is an interesting, dynamic industry and that's the primary attraction."ADNFCR-1068-ID-19610470-ADNFCR

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