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Graduate Programmes
Plenty of temping jobs for graduates
21 August 2007Markets may be in crisis, but banks don't appear to have relaxed their need for graduate assistance – at least in the short term.
COMMENTS
If you are a graduate without the holy grail (some relevant experience) then you can forget entry in to the financial markets through any method other than the graduate recruitment schemes run by the top IB's Read all comments »RELATED ARTICLES
According to financial services recruitment firm Joslin Rowe, banks and custody firms are hiring graduates on temporary contracts to fill roles such as derivative operations, dividend calculation, collateral management and equity trade support & settlements.
Although the temporary roles don't offer instant access to the most desirable front-office (client-facing) jobs in areas such as M&A and sales and trading, they can be a possible stepping stone to the more prestigious and higher paying areas of banking. "This is good for people who haven't done well in the milkround and need to get some experience on their CV," says Joslin Rowe spokeswoman Belinda Walmsley.
Successful applicants will need a 2.1 in a numerate or financially-focused degree, Excel skills and a demonstrable interest in financial services. Applicants should send CVs and covering letters to banktemp@JoslinRowe.com.
Pay ranges from £12 to £16 per hour (around £30k a year) and contracts typically last a minimum of three months.
Separately, Financial News reports that banks are hiring an average 13.5% more graduates to their official recruitment schemes in 2007 than in 2006. Nomura and Bank of America have seen some of the biggest increases, while Goldman Sachs increased the number of trainees it's hiring from 268 to 324, an increase of 21%.
COMMENTS
Chaggar, Asset Management, Tue 21 Aug 07
how do i get into asset management with a 2.1 in Mathematics
Add your comment »Jiayu, Student, Tue 21 Aug 07
but How to get to students have 2:2 in degree. mark should not be so important .i think student get 2:2 have abilityto do the job as all those students get 2:1 . i think 2: 2 student and oversea studentshould get the same opportunity in getting jobs the area which they are expecting at .
Add your comment »Belinda Walmsley, HR & Recruitment, Tue 21 Aug 07
If you would like to send me a copy of your CV I can see if one of the Joslin Rowe consultants can help you? Typically it helps if you have some kind of relevant work experience and your degree is from a top ten university. However, we can certainly advise. You can either browse our graduate vacancies at http://www.joslinrowe.com/graduate-jobs or send your CV to BelindaWalmsley@blomfieldgroup.com
Add your comment »Need advice, Student, Tue 21 Aug 07
I am a Caribbean student who sucessfully completed a finance based MSc. in London. I did not have the chance to do internships before having just come to the UK. Now that I am applying for entry-level roles I am being told I need financial services experience.
I have transferable skills and knowledge applicable to the roles I apply for. I have a 2.1 degree having gained 2 scholarships (1 international) to cover my MSc. programme. I have an HSMP visa so a work permit is not the problem.
I am really interested in export/trade/commodity finance as well commodity trading. The MSc.exposed me to energy,metals and agricultural commodities. I have applied widely but cannot even land an interview for so called "entry level" or internship roles because everyone I call says I need financial services experience. What can I do?
William, Tue 21 Aug 07
I graduated from Imperial College this year with a 2.2 in Physics, and have been trying to get a job in the financial services industry.
I keep reading how companies only want to hire graduates with 2.1s or better. I understand that they probably think this is some kind of standard indicator of a candidate's intelligence and potential, but when they also make a point of not being too discerning about the subject area your degree is in, I get a little annoyed.
To be honest, I'm pretty certain my lower second in physics is the equal if not better than some 2.1s, even firsts, especially if they are in a humanities subject.
sjc, FX & Money Markets, Wed 22 Aug 07
I have just graduated from a top UK university and am finishing summer internship in a leading investment bank's front office. It is highly likely that I will get an returning offer but I wanna move to middle/back office instead. (Yes, I can't stand the crazy hours and need a life). I am wondering if your firm has an temping role in middle/back offices? thanks.
Add your comment »Hmm., Wed 22 Aug 07
Dear Caribbean Student,
Try to network with Alumni, go to agencies, etc. Good luck!
Belinda Walmsley, Joslin Rowe, HR & Recruitment, Wed 22 Aug 07
Dear William,
Yours is a common frustration we hear from graduates and is a sign of just how competitive the industry has become. However, I've had a chat to our banking desk and we would certainly be interested in seeing your CV. Depending on your other experience/academics we do know of clients who would be interested in your application with the 2:2 in physics.
Antony, Student, Wed 22 Aug 07
I came to live in UK in 2000 from Africa but had 2A's and 2B's in A-level, currently studing Financial Information Management at a university below 80th position on university league table I am interested in project management, treasury or Global Investment, what are my chances of getting internship and how do I get into these professions?
Add your comment »Belinda Walmsley, Joslin Rowe, HR & Recruitment, Wed 22 Aug 07
Dear SJC,
Again we can certainly see if we can help you and yes, we are recruiting for a number of positions in the areas you mentioned. We would want to make sure this is definitely the career move you wish to make as it can be very difficult to change your focus once you have started down a particular career path and it sounds as though you are in a strong position at the moment with lots of choices. If you wish to discuss this further please drop your CV to me at the address above or visit the Joslin Rowe website.
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