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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
Nehal, Investment Banking / M & A, Thu 20 Sep 07
I am a law graduate with a 2.1(Hons) degree. I am very interested in pursuing a career in investment banking and am currently studying for the IMC. I am having difficulty obtaining a graduate placement with any investment bank. My careers advisor informed me that Investment banks do look at Law students, what are my chances of being successful in this field? would i be eligible to carry out temping work?
Add your comment »DMcG2007, Thu 20 Sep 07
I have a 2:1 in a mathematics undergraduate degree and a masters degree from one of Britain's top 5 universities. The latter is again in mathematics but also included courses in Derivatives and Financial Risk Analysis. When I contacted Joslin Rowe I was told that due to my lack of direct experience they could do nothing for me. Makes me think that the above article is somewhat misleading.
Add your comment »Paula, Student, Fri 21 Sep 07
I am a Chinese student with 2:2 in Biomedical Sciences (56%) who wants to persue my career in financial sector; particularly towards
accounting or FX market fields. I have grdauated on 2006 and just have completed a postgrad certificate in Business Management.
Im very depressing because most of the jobs requirement in these fields need a 2:1 and I really dont what to do next: Should I do a MSc / ACCA / CIMA qualification to top-up my financial knowledge? Will that increase my chance to get myself into the market?
Apart from the "2:2" disaster, my other academic results are ok; I've got 300 UCAS points and Im expecting a first class grade in my PG CERT. Will these increase my chance to find a job?
Is there any alternative way I can do to get a job in those sectors?
aysenur, Investment Banking / M & A, Tue 25 Sep 07
I've recently finished my exams towards an MSc in Quantitative Finance and realisticly expecting a 1st.However,its not from a top 10 university.It does seem like it matters a lot for investment banks or hedge funds as I have been applying for the positions within various hedge funds and investment banks but haven't got much response yet even though I do have some commercial experience and good references.I'd very much like to be in a back/middle office position as I do have strong quantitative skills, could you give me some advice on this?Thanks
Add your comment »Magdalena, Accounting, Tue 25 Sep 07
Hi everyone!
Is some one who can advice me what to do with my future? Currently I am studing BA Acc & Finance. I am come from Poland to study my degee in England. I am on my second year now. I dont have experience in acconting environment yet. Should I start some part time voluntary work to get experience in accountancy or should I get any onter job like a sale assistant or receptionist? My problem is to work with money and get experience but none can employe me as an accountant with salary.
Mustafa Ahmed, Wed 26 Sep 07
Hi Belinda,
I am a graduated with a 2.2 in Accounting & Finance from a lower tier university and have over 3 years Accounting experience, which I acquired both during and after my studies. I have a passion to work in an IB and I am putting my best effort to fulfill my ambition. I am currently studying for Investment Management Certificate and beleive that would help me to get my foot in to the door as well as it would improve my CV too. I would be really grateful if you would furnish me with your thoughts and recommendations.
Many Thanks
Mustafa
Igor razumnyy, Information Technology, Fri 28 Sep 07
I'm interested in working for a Hedge fund. Now I'm studying in ESSEC on 5th best Master in Management by FT also I have 3 years of full time experience in IT industry as a software engineer. What are my chances?
Add your comment »TKD, Tue 02 Oct 07
I have 2:1 in LLB Law and LLM in Banking and Finance Law from QMUL and would like to work in the investment banking sector. I have 3 years legal experience, but no financial services experience. Are there any suitable positions?
Add your comment »Funmi, Information Technology, Fri 05 Oct 07
i did a degree in international business economics and got a 2.2 but now i am currently doing and MSc in information sytems and technology and looking for a part time IT job that offers training as i dont have alot of IT experience can you help?
Add your comment »Belinda Walmsley Joslin Rowe, HR & Recruitment, Mon 08 Oct 07
Hi All,
Thanks for the messages on this particular recruitment drive. I know some of you have been in contact directly. So far we have secured places for 7 people via this route but I do know that some of you have been disappointed that we were unable to assist you. I have to say the positions we now have left (after nearly two months of this recruitment)have very, very specific criteria - such as some direct experience. Temping isn't always going to be the perfect fit for everyone (otherwise I know everyone on this message board would be able to secure a position in this way) but it is sometimes a very good alternative. Finally, just to try and round up on some of the many comments: Those with legal backgrounds might want to consider a career in compliance. There is rather a glut of grads who turn to this area but it is still a good route into an investment bank (There is lots of great info. on efinancial about this as career)We as an agency haven't been able to assist anyone with an IT background to make the move into banking - but there will be some specialist recruitment firms that can - so keep searching. Finally,IGS visa students are not being snapped up as we would expect.
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