Corporate banking "driving" graduate job prospects

Corporate banking is responsible for driving graduate employment prospects, which have improved significantly since the depths of the recession, it has been claimed.

The firms, alongside private banking services, are supporting starting salaries for those leaving university, which could make the sector popular with job applicants in the coming years.

Martin Birchall, managing director of High Fliers Research, stated: "The graduate recruitment market really turned a corner from last Christmas onwards," adding: "For anybody at university now, the prospects do look an awful lot brighter."

And corporate banking may therefore have a positive knock-on effect in the wider economy, as liquidity returns to the market and people feel better about employment prospects going forward.

On Monday (November 1st), the Higher Education Careers Services Unit reported graduate unemployment has reached a 17-year peak at 8.9 per cent, though it is not expected to rise further in the short term.

With corporate and private banking driving recruitment, indicators are good for the sector and those offering wealth management and similar services may enjoy strong trade going forward.  ADNFCR-2318-ID-800213512-ADNFCR