Yep - that’s the link.
Here’s the article in full anyhow!
Bear in mind though, that you should always take these types of “published surveys” with a pinch of salt. Newspapers always publish the results of the most pessimistic, or most optimistic, surveys, and very infrequently publish other results that are more moderate.
‘’‘Point of note’’’: By having this information published in the FT, “Morgan McKinley” and “High Fliers” (the organisations that released the original information used to write this article) have scored massive free press. Now, I’m not suggesting for one moment that these guys have made up any of the details in their survey, but, if they had, it would have been a great way to generate free publicity… take from that what you will!
‘’‘UK graduate jobs’’’
‘‘Financial Times, January 14 2009’’
For you, graduates, the war for talent is over. The bleak message from the head of a financial recruitment group that job opportunities in Europe’s main financial centre are drying up fast looks bad for undergraduates. Almost perversely, despite the events of the past year, a startling number of bright young things still want to pursue a City career: there are more Gordon Gekko wannabes than jobs – and only the most ruthless will succeed.
Morgan McKinley, the recruitment specialist, says City job vacancies have slumped by 65 per cent since the end of 2007. For final-year students at UK universities, unremitting news flow about job cuts at banks and investment banks may have killed all hopes of paying off student loans and bar bills with the sign-on bonus.
It is not just the investment banks. Law firms and accountants, mindful – or optimistic – that business goes in cycles, still need bright minds, but they too have cut back. High Fliers Research, which studies graduate vacancies among top employers, says investment banks and other financial employers alone have cut more than 2,500 entry-level positions in the past year.
Employers are becoming more demanding in their selection processes. Whereas students once juggled swotting for final exams with job interviews, those intent on a career in investment banking have to compete for places on summer internship programmes prior to their final year. Sponsored suck-it-and-see programmes in theory enable bankers to avoid catastrophic hires and cherry-pick the best.
If the City job scene looks like a ravaged war zone, graduates might opt instead for real war games and join the armed forces or the more sedate public sector, this year’s main hirers after the accountants. Another alternative is to embark on postgraduate study – which could make the UK more like continental Europe, where every other person seems to be a Doktor or Dottore. The war for talent may be over, but for debt-laden graduates surrender is not an option.