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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