Friday, January 16, 2009

there’s a recession on….

Thought this extract from an article by Liz Ford in last Saturday’s “Guardian” (“Work” supplement) was pretty pertinent:
“Students who expect a career in investment banking to bring untold riches may be in for a rude awakening. A survey of students around Europe applying for graduate trainee schemes this year, conducted by UK-based global financial careers website, eFinancialCareers, found that more than a third of British applicants believe they will be earning more than £90,000 five years after graduation, compared with 14% in France and just 3% in Italy. The majority also believe they will land a job straight after graduation. We feel duty bound to remind students that around 30 applications are received for every one available job and, unless you have friends in high places, it could be a long time before you hit the magic £90K – there’s a recession on.”

1 comment:

Ellen Loudon said...

indeed...20 years after I graduated I am now earning 4K more than I was before I started! I did have a brief spell as a high-flyer but my wings were clipped and life got better! xxx