UK
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
Abi, Wed 05 Sep 07
I've completed my ACCA exams. Some finance modules I took made me realize I want a career in finance and investment banking and not accounting. I have a little experience in accounting, but I feel that when investment banks see my cv, they'll disregard me as an accountant with no interest in finance. What should I do please?
Add your comment »Jimmy, Asset Management, Sun 09 Sep 07
I graduated from Cambridge with a 2.1 in History, William, and don't appreciate narrow minded comments that come from people like you ("...especially if they are in a humanities subject.").
You must realise that doing a degree in a humanity equips you with skills that a degree in Physics or Maths simply would not. The difference in writing styles, argumentative skills, and the qualitative or strategic analysis between those who have humanity degrees compared to numerical/scientific degrees are painfully obvious in the workplace.
And if you wanted a job in the financial services industry, you should've made sure you got a 2.1 - it's not that difficult, and if you weren't capable of doing it then why should employers waste time looking at your application when there are lots and lots of graduates with 2.1s or higher?
You're in no position to 'get a little annoyed' and it's probably that sort of attitude that prevented you from achieving a 2.1 and has meant that the financial services job has remained an elusive dream. Grow up - us humanities graduates don't need to put with the crap that people like you give us.
Bemi, Student, Mon 10 Sep 07
I am a recent graduate with a 2.1 in Law from a very good UK University. However, I have decided not to go into law and am considering a career in investment banking preferably corporate finance. I would like to know how feasible it is to make the transition since my degree is in humanities and not numerate. I believe I have got the transferable skills needed but I need advice so I dont regret my decision later on.
Add your comment »Henry, Student, Mon 10 Sep 07
Hi I've graduated from UCL with a 2.2 degree in maths, i'm finding it hard to break in to the financial services industry. Just wondering if I too have an opportunity to make it. Thanks
Add your comment »henry, Mon 10 Sep 07
I've just graduated from UCL with a 2.2 degree in Mathematics. I'm finding it difficult to break in the financial services industry. I'm just wondering if there is any help availble in order to make it. thanks
Add your comment »anon, Trading, Mon 10 Sep 07
differences in science grads and humanities grads are huge. on markets side of business numerate grads are easily preferred due to the nature of the degree (ie an emphasis on problem solving together with analytics more closely linked to general trading floor work). maths/physics/engineering/computing/economics tend to be more easily employable.
Add your comment »Tony Gora, Tue 11 Sep 07
In 2004 I graduated from Nottingham University with a 2.1 MEng in Chemical Engineering.
Since then I have been working in China teaching Maths and Further Maths A level for a UK University Consortium. My main reason for coming to China was to learn Mandarin and I am now at a level where I can comfortably chat, read a newspaper and listen to the radio.
Next academic year 2008-9 I will study Chinese in China full time for one year and apply for graduate placements in the UK in accountancy and possibly other positions in the financial services sector. I will then be 27 years of age.
I would like to know what possible appeal my (by then) high level Chinese (Mandarin) skills might have in the financial services sector. Also whether being a relatively old 27 is a serious difficulty to overcome.
Many thanks
Lainey, Corporate Banking, Tue 11 Sep 07
I am a student from Oxford Brookes University, going into my second year, studying Law with Religion and am looking ahead at how to get onto a graduate programme when i graduate. In the meantime i am applying for work experience and interships at several banks in the City, but want to get a head start as to how i go about applying and when to apply for a graduate programme.
Add your comment »Shanika Wijesinghe, Investment Banking / M & A, Fri 14 Sep 07
Why all the Investment banks ask for experience from newly graduates? Since they have strong academic background.
Add your comment »Paul, Mon 17 Sep 07
I am a 2nd year student at Cardiff- studying International Business for a First- I have done an internship through Shell and in my 20years have had many experiences, work wise and socially, that make computency interviews pretty easy, But I want to move in to Banks. Cardiff is a top 20 Uni, I guess this means 3rd tier. What banks should I apply to- i.e. Deutsche or smaller firms like Liquid Capital.
If someone would reply to give me a little insight into my opportunities it would be much appreciated. I believe the worlds my oyster but a few opinions would be great.
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