Banking and financial services seek graduate recruits

Companies in the banking and financial services sector are still actively looking for graduate recruits, according to a newspaper investigation.

The Guardian stated that the recession has led to many university leavers facing a struggle to land suitable positions.

However, the publication noted that accountancy firms in particular are still seeking graduates to join their workforce.

"We are taking the long-term view," said Rowena Mearle of PricewaterhouseCoopers.

"It takes three years to train an accountant, so we want to have enough people for when the upturn comes."

Rival firms Deloitte and KPMG were also found to be actively looking for graduates to take permanent jobs with their companies.

The Guardian added that this trend is also apparent in the banking sector, with groups such as the Royal Bank of Scotland among those seeking people with a university degree.

This comes after a study by the Institute of Chartered Accountants in England and Wales showed that business confidence in the banking and financial services industry is higher than in all but one other sector.

Updated: 25 September 2009.
Categories: banking-and-financial-services, market-and-industry-news.