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Number of skilled candidates for City jobs falls
Wednesday, 05 May 2010
Banking and Finance
Recent university leavers looking for graduate jobs in banking and finance may be interested to hear the results of research that suggests the average number of qualified candidates for each new City job vacancy has halved from 5.7 in March 2009 to just 2.7 in March 2010.
This could potentially lead to skilled and qualified graduates having a superior job position in the market as they are likely to possess the required academic criteria for these types of roles.
Mark Cameron, chief operating officer at Astbury Marsden, said: "This time last year, few would have predicted such a dramatic turn around in the City job market.
"For those unemployed bankers that haven't yet been able to build up the right portfolio the market is still tough. At the moment employers are focused on getting the best candidates even if that means chasing prices rather than relaxing their standards."
Uncertainty over which party will be forming a government in Westminster at the end of this week has translated to the City with many firms unsure how to proceed until it has been resolved.
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