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Graduate recruitment 'strong in investment banks'
Wednesday, 07 May 2008
Professional & financial services
Investment banks are still recruiting graduates at a healthy rate, according to the Securities & Investment Institute (SII), a professional body representing those who work in the securities and investment industry.
The group analysed the entries of employees from twenty top investment banks who were sitting SII examinations and found that the graduate recruitment level was at 94 per cent of its 2007 level.
The industry has learnt from the downturn in 2006 and is now keen to maintain graduate levels, the organisation suggests.
Graduate recruitment by US banks was down four per cent on 2007, while for non-US banks the decline was higher, at eight per cent.
However, banks based in the City saw a modest rise in graduate recruitment.
Simon Culhane, chief executive of SII, believes that the figures prove that banks are looking to the longer term and remain committed to recruiting highly-skilled staff.