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HSBC 'will maintain graduate recruitment levels'

Published: Monday, 24 November 2008   Category: Professional & financial services

Despite reports over a shortage of graduate jobs vacancies in the banking sector, HSBC has claimed it will maintain recruitment levels at their normal levels.

Speaking to the Journal, a spokesperson for the bank said that the intake for 2009 would be around 1,400 graduates, of which 300 would be in the UK – similar to the numbers seen this year.

The spokesperson added: "In the retail and commercial banking, our strategy in recruiting graduates is to take into account our expected middle management and senior management vacancies, six to eight years after the graduate completes their development programme."

Commenting on the banking sector as a whole, recruitment firm Real World told the news provider that competition for jobs was likely to be fierce.

The firm suggested that some banks, such as Northern Rock, had stopped recruiting graduates altogether, while others would be treading very cautiously in terms of their hiring policies.

Earlier in the month, University of Newcastle director of careers Nick Keely told the Guardian that graduate jobseekers need to be as adaptable and flexible as possible.

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