Graduates 'should not be deterred by credit crunch'


Graduates 'should not be deterred by credit crunch'
Graduates who are looking for jobs in finance should keep applying for jobs as normal this year, despite warnings about the credit crunch, it has been suggested.

Communications director for the Association of Graduate Careers Advisory Services (AGCAS) Elspeth Farrar suggested that although "very large recruiters" may decide to cut back on hiring in 2008, it is still "too early" to predict what will happen this year and next.

Ms Farrar said that the finance sector is that which is most likely to be affected by the credit crunch, which may prompt graduates to "think about broadening their ideas" about which companies to work for and in what role.

At the same time, she commented: "I don't think there's any need to panic just yet - most places are still indicating that they will still be recruiting to some extent in the coming year."

Figures published by AGCAS in February predicted that graduate vacancies would rise by 16.4 per cent in 2008, while salaries would increase by 2.1 per cent.

Related categories: Banking / Finance.

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