Rise in jobs in financial sector - graduate jobs

A study has found a sharp increase in staff recruitment in the financial services sector in the quarter to June, while in the coming months, companies expect to hire the highest number of workers since June 2007 - news that should be of interest to job-seeking graduates.

The latest CBI/PwC Financial Services Survey also showed an increase in companies' profitability.

There was also an increase in the amount spent on training, with further growth predicted in the next three months.

Ian McCafferty, chief economic adviser at CBI, said: "The financial services sector continued to recover over the past three months, but with slower volume growth, following three stronger quarters.

"What is heartening is the unexpected, strong rise in numbers employed in the sector, the fastest since the financial crisis began in 2007."

There was a growth in volumes of businesses across all the sub-sectors, apart from banking and securities trading, which saw a decline, and insurance broking where the figures remained almost stable.

Copyright Press Association 2011