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Tuesday 6th January 2009
Finance jobs - Firms recruit from top universities

Finance jobs - Firms recruit from top universities

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Businesses in the City of London are more likely to recruit graduates from Britain's top universities for finance jobs, it has been reported.

Gordon Chesterman, director of Cambridge University Careers Service, told the Financial Times that the most sought-after people for jobs in finance are still from Oxford, Cambridge and Imperial College London.

Mr Chesterman noted that in the past, firms that would have hired from a wide range of top universities are now honing in on only one or two.

"There is now more gathering than hunting among the banks," he told the newspaper.

However, Mr Chesterman also revealed that companies are hiring from London School of Economics, University College London and Warwick University even though recruitment levels are down during the current economic climate.

Meanwhile, figures for new graduate employees in finance fell below 10,000 for the first time in five years during 2007, the Higher Education Statistics Agency has revealed.

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