Are graduates fazed by Brexit and a good work-life balance when considering a banking and finance career?

 

No one knew for sure what would happen when we voted to leave the European Union. Speculation was rife. Certainly, one of the sectors under closest scrutiny was banking and finance. Yet despite some 150,000 world-wide job cuts being reported by The Telegraph since the credit crunch of July 2017 in many of the big banks (RBS, UBS, Bear Stearns, Bank of America, Deutsche Bank, Citigroup, Merrill Lynch, Lehman Brothers amongst the largest), it’s not dampening the millennial graduates’ appetite to carve out a career in this sector.

According to the Financial Times around 110,000 students applied for Deutsche Bank’s graduate scheme this year. Morgan Stanley and Citigroup also saw significant increases in applications; a number of other large investment banks also said they had increased graduate hires and UBS said it increased its UK hires by almost 50 per cent, to 100.

There may be many more fall-outs to come from Brexit, but the demand for graduate jobs in banking and finance is obviously not going to be one of them.

To read the full article from the Financial Times click here (subscription required)

Wednesday, 30 May 2018

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