Recruiters in the financial services industry are remaining cautious about hiring levels, according to new research. A study conducted by financial recruiter Morgan McKinley indicated that 63 per cent of hiring managers think hiring may decrease over the next year. However, graduates may be encouraged to learn that 39 per cent of respondents believe recruitment will remain static, while some 16 per cent think it will increase over the coming twelve months. Robert Thesiger, chief executive of Morgan McKinley’s parent company, Imprint, said: "A year on from the first reports of the ‘credit crunch’, it is fair to say that considerable levels of uncertainty remain within the financial services industry and in turn, the recruitment market. "As is evident from these survey results, hiring managers within the City have mixed opinions as to how the next 12 months will pan out." He added that the number of employers who predicted an increase indicted that there are areas which are likely to grow despite "market turbulence".
Paul Drew, marketing manager at Pareto, said: "Our financial graduate recruiter companies are being more strategic and using graduate recruitment to fulfil their recruitment needs rather than using the more expensive route of non graduates. Even though one of our big high street bank client has merged with another UK company they have utilised the graduate market to drive business growth. Pareto - Graduate Sales Jobs with some of the UK's largest graduate companies earning up to £35k OTE. Pareto has a unique approach to placing graduates in high-profile graduate sales jobs and graduate jobs. We are the UK's largest and most successful graduate assessment, graduate placement and sales training organisation.
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