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Morgan Stanley 'struggling to fill Glasgow graduate trainee scheme'

Published: Wednesday, 01 December 2010   Category: Banking and Finance

One of the world's leading financial services companies has revealed that it is struggling to fill its graduate trainee scheme in Glasgow, This is Money reports.

Recent figures published by the Higher Education Careers Services Unit suggested that graduate unemployment has risen from one per cent to 8.9 per cent.

However, Richard Hughes, executive director at Morgan Stanley in Glasgow, confirmed that Scottish graduates have been slow to come forward for openings at the firm.

"People are surprised when we say we have jobs available for graduates next year," he told the news provider.

"It seems that there's a perception on campuses that banks and financial firms in Glasgow aren't recruiting, but the reality is that we are committed to our graduate hiring programmes."

Mr Hughes admitted that the lack of interest is puzzling and speculated that it may be linked to a backlash against the financial services sector in the wake of the recession.

Morgan Stanley operates in 36 countries all over the world and boasts a workforce of more than 60,000 across its 600-plus offices.

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