Good news this week for everyone seeking graduate jobs in banking and finance. The results from research commissioned by The Times and conducted by High Fliers has found that investment banks are returning to their pre-recession heady days.
For the last 3 years the sector has taken a bit of a knock with interest from graduates worried about job security declining and an inevitable cut-back in vacancies courtesy of the worst recession since the second world war. But times are a changing. The research found that this year the sector is expected to offer 5,000 graduates jobs in finance with many investment banks recruiting 200 to 300 graduates each. Not to mention a starting salary of up to 50K for the brightest students at the biggest banks.
The popularity of graduate jobs in banking amongst students has also seen a resurgence, with applications to investment banks up 16% in 2010. A trend seen throughout a number of sectors with actuarial applications up 30% and management consulting up 8%.
Let's hope the trend continues across all sectors as the demand for graduate jobs has never been higher.
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