It’s late but not too late. The following organisations still have graduate vacancies for an autumn 2008 start.
Royal Bank of Scotland still has some UK technology vacancies for autumn 2008.
Number: Unspecified
Apply: http://www.rbscorporatemarkets.gtios.com
ICAP has broking opportunities in Asia for candidates with fluent Mandarin or Hindi for their Hong Kong and Singapore offices respectively. Graduates start with a global orientation programme in London and then move to their region.
Deadline for applications is 19th August, but apply early
Apply: http://www.icap.com/careers
Deloitte is advertising a range of graduate vacancies for 2008, including financial services audit positions in Leeds, Jersey and Cardiff, back office corporate finance positions in Manchester and Edinburgh, and tax positions all over the country.
Apply: http://careers.deloitte.com/country_custom1.aspx
Ernst & Young has around 30 vacancies left in London and around the UK in a variety of business areas including tax, audit and corporate finance.
Apply: https://www.careers.ey.gtios.com/index.asp
PWC is still recruiting graduates in several areas including tax, advisory and forensic technology.
Apply: http://www.pwc.com/uk/eng/car-inexp/student/apply.html
Watson Wyatt have a few graduate vacancies left in Reigate, Dublin and Leeds for pensions consulting and actuarial positions
Apply: http://www.watsonwyattgraduates.com/default.asp
Mercer have a handful of vacancies in governance and operations in London and in outsourced pensions consulting in Brentwood, Bristol and Leatherhead.
Apply: http://www.mercer.com/ukgrads
Funny how the majority of them are accountancy/professional services firms! They aren't as badly affected by the markets as the invesment banks. Hence not really a miracle.
Add your comment »I fully agree with you Kenny. The only interviews I have got this year are from Deloitte and KPMG - I dod not pursue them after clearing the first round i.e. the competency interviews, hoping that an Investment Bank would offer me an Internship/ full-time position. Unfortunately, they all "filled their places" !
Add your comment »Lol, who wants to work in accounting, the pay is £27k, you are simply cross-checking receipts with company accounts (auditing), you spent all your hours studying for crazy boring ACA exams, the pay after 3 years is £40k (starting salary for i-banking ex-bonus). Working at Big Four is rubbish, no wonder they are still desperate for people, in todays job market still nobody wants to take the jobs!!
Add your comment »Michael, these type of comments will not get you very far.
From experience, I can tell you that someone from these accounting firms can finish their ACA and end up being your boss.
And maybe you need to get your facts right.. two types of jobs that make sh*t loads during a recession- accountants and solicitors.
Anyway, Madhav has a point. There are a lot of "filled places", and I am even allowing myself to say that we could observe some people losing their positions within i-banks.
Very true Yas. I think Michael is blinded by the glitter and glamour of the trading/IB/M&A world. But look at the hours in M&A and Accounting/Audit etc plus as Yas said, it is now that the time of accountants has come with stricter regulations being formulated and imposed to curb the catastrophic crunch the market has seen now.
Infact you are so mistaken about the salaries too and also bonuses. Bonuses are performance oriented and it all depends on the profits one makes or the client base one builds. It is not something that will be paid to you whatever you do. So it is all upto an individual to see the different trade offs and decide for themselves. Just like there is a risk-return trade off before each and every position. But as Bank of America CEO said, what is a business that makes a billion one year just to lose it all the next!
Besides, there are several avenues within these Accountancy firms such as Advisory, Consulting and even Investment Management. A year of work experience in one these firms is invaluable for anyone wanting to make a switch into Investment Banking later on or when the situation in the markets improves. I know several hot-shot M&A and ECM Bankers who learnt their trade in these same "boring" accountancy firms.
Add your comment »No Yas, Michael is correct. Take it from an auditor with a Big Four in London. The starting pay is indeed £27k and even £40k upon qualification is optimistic. You say people pass their ACA exams really quickly and become managers but that isn't true. ACA requirement is at least 3 years in training and even after qualification you should expect to spend a couple of years being an Assistant Manager before being promoted to Manager. At this point you will still be on rubbish fieldwork more than client management, which means unsociable hours and depending on which firm you work with, maybe no overtime pay or even time back.
The only upside for training for ACA is that most people leave for the ibanks who need Big Four ACAs, and if you're in audit you get to go into many exciting industries like Sport, FIs or recognised fashion companies depending on your interests.
You say Accountancy makes loads during a recession, well not really. They too can be hit by losses of clients. Consultancy and CF are the main earners at the Big Four and these most definitely get it. There are of course opportunities such as in M&A especially in regards to restructuring, but again limited.
I did not mean to offend the auditors, you should be proud of your job! I was merely trying to give advice, I apologise anyone that may have taken offence, auditing is still way better than most jobs, Personally, if I could not get a job anywhere else in the business world, I would still rather be an auditor even for relatively low pay than a bus driver or a cleaner.
Add your comment »I would still rather be an auditor even for relatively low pay than a bus driver or a cleaner.
Michael, your a born diplomat, you know that?