Wednesday 7th January 2009
Finance jobs - Graduates 'shy away' from finance jobs

An increasing number of new graduates are choosing not to take top finance jobs in the City of London, it has been reported.

The Independent has said that the change was prompted by the global economic downturn, which has led top graduates to opt for safer professions where they are less likely to be made redundant.

Gordon Chesterman, head of Cambridge University's careers service, said students are now worried about the sector following the start of the credit crunch.

He noted that fewer people had returned to join careers fairs devised to help current students decide on a career path.

"They had also read headlines in the press about 120,000 white-collar jobs going in the finance sector and thought, 'I've got my suspicions'," he explained.

More graduates are opting to apply for teaching posts and more socially aware positions, according to the newspaper.

According to the Office for National Statistics figures, the employment rate for people of working age was 74.2 per cent for the three months prior to October 2008.

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