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Prospective investment bankers 'must be flexible'
Wednesday, 17 December 2008
Professional & financial services
University leavers seeking graduate jobs in investment banking must be geographically flexible if they wish to enter the industry, it has been suggested.
John Benson, founder and chief executive of eFinancialCareers, claimed that more than 30 applications are received for each position in the sector, reports Onrec.
He said; "For students planning to pursue careers in the financial sector, there is a real need for them to understand the importance of flexibility both in terms of geographic location and range of disciplines to consider in order to land that coveted spot."
Research conducted by eFinancialCareers indicates that university leavers still see investment banking as a lucrative profession despite the recent crisis and economic slowdown.
Some 34 per cent of UK students expected to be earning in excess of £90,000 per annum within five years of graduation, with only 20 per cent expecting to receive £50,000 or less.
Last month, US investment firm Goldman Sachs claimed it would be offering 250 graduate jobs in the UK during 2009.