International banks’ EMEA graduate hiring plans for 2011

No one is about to deny that it’s a tough year for graduates with aspirations to break into investment banking.

We’ve mentioned previously that a disproportionate number of full-time vacancies (particularly in the front office) have been allocated to this year’s interns and that fears that the current problems could extend into 2012 are making banks increasingly wary about extending graduate offers.

However, while investment banks have undoubtedly had their appetite for graduate recruitment dampened, in the majority of cases their hiring intentions for 2011/12 don’t differ a great deal from last year.

Things could change, of course, but here’s a list of the numbers of graduates the major banks currently plan on recruiting, and how this compares with last year. Figures are for EMEA unless otherwise stated and only apply to full-time positions.

Barclays Capital:

2010/11: 310

2011/12: 360

BNP Paribas (CIB):

2010/11: 300

2011/12: 200

Citi:

2010/11: 250

2011/12: 250+

Credit Suisse:

2010/11: 225

2011/12: 275

Deutsche Bank:

2010/11: 700 globally

2011/12: 700+ globally

Goldman Sachs:

2010/11: c300

2011/12: Declined to comment

HSBC (UK, includes retail banking):

2010/11: 312

2011/12: 250

JP Morgan:

2010/11: Approx 350

2011/12: Approx 350

Morgan Stanley:

2010/11: 320

2011/12: 350

RBS (Global Banking and Markets):

2010/11: 450

2011/12: Declined to comment

UBS:

2010/11: 300

2011/12: 250

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