Banks really have slashed graduate hiring

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So much for banks learning from past experience and not decimating graduate recruitment to the degree they did in 2003: today’s survey from the Association of Graduate Recruiters shows 2009 intakes have been slashed.

To be precise, graduate recruitment at investment banks and fund managers is down 40.2% this year. And the average investment bank/fund manager received 82 applications per place.

Anyone fortunate enough to get a place can console themselves with the fact that salaries haven’t changed on last year, and that together with law banking remains the best paid profession for graduates.

Source for all: AGR