'More graduates' to be hired by global investment banks

Graduates seeking banking and finance sales jobs may see their opportunities increase this year, new research suggests.

A survey undertaken by Financial News reveals that global investment banks are planning to hire more graduates than they did in 2006.

Indeed, these banks anticipate hiring an average of 13.5 per cent more graduates than last year, the figures indicate.

Recruitment for those who have just left university will take place mainly in September, respondents said, though they also suggested they will continue hiring throughout the year.

Lucy Gregory of Morgan Stanley said that the bank offers both summer and longer graduate programmes which "are paid competitively".

"Graduate hiring is a great source of talent and we hire from across Europe to get the best cross-section of candidates," she added.

Financial services vacancies in the City of London increased by six per cent in July, according to the most recent Morgan McKinley London Employment Monitor.

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