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More Finance Jobs For Summer 2010

The financial services sector plans to up its graduate intake in line with an improved economic outlook, a poll by Incomes Data Services (IDS) has revealed.

The financial services sector plans to up its graduate intake in line with an improved economic outlook, a poll by Incomes Data Services (IDS) has revealed.

Hiring by finance companies will jump by 15%, more than any other part of the economy but still lower that the 2008 total, IDS said.

This follows a 38% cut in numbers last year because of the recession.

While more university leavers will be recruited, median graduate pay will be frozen after a 1.8% increase in 2009.

Those hoping to work in the public sector may be disappointed, IDS added, where Treasury cuts will hit vacancies hard.

The research concludes that "graduates were right to fear the worst about job prospects in 2009", since vacancies dropped by 11%???œ the fastest fall in the company's annual survey since 1991. In contrast, this year vacancies are expected to rise by 4%.

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