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Graduate schemes in banking 'still hiring'

Published: Friday, 07 November 2008   Category: Professional & financial services

Despite mergers in the financial sector restricting the recruitment plans of many employers, there may still be graduate jobs for prospective bankers, it has been claimed.

Speaking to Cherwell.org, UniVentures founder Chris Stainton said those wishing to apply for graduate schemes in the sector should not be discouraged by the economic slowdown.

"It's actually a not a bad time to start out in banking," she told the news provider.

"Because of all the redundancies higher up, graduates starting next year are likely to be given more responsibility than they might have otherwise had."

Ms Stainton said the financial sector would be "more competitive" than before the banking crisis, but it would be a "fascinating time" to start out.

"Recession is like a rite of passage for a banker," she added.

Last week, High Fliers Research managing director Martin Birchall claimed that difficulties in the City of London could cause university to consider other graduate jobs options.

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