britguy wrote:
Thanks Rhyme! This data is interesting but it's all pre-crisis - I think everyone's pretty confident that the figures were great until last year. Fingers crossed they'll bounce back but not counting my chickens - could be some tough times ahead, especially for those of us dumb enough to be changing career INTO financial services!
Well the 2008-2009 data is actually the one you mentioned about (the 13.3% people still looking for jobs post graduation, representing 66 people). You will see from this report that rhyme's class was hit hard. The number for internationals is better though, but I still believe that Europe, and especially London, will have a long recovery, and as you mentioned, there are still many people to compete with.
All that said, my class numbers may be better, from what I have been talking to people, there are several people with very interesting offers. Tons are going to NYC, banks are hiring back, and talking to first years (class of 2011) it seems that things are much better than last year. There is still the chance that markets may pull back and another downtrend start, though I believe that now it is very unlikely, companies have already downsized, and they are indeed hiring in a more "prudent" fashion.
I am not sure if I will make to admit weekend as I am pretty busy with academics this quarter (Veronesi and Financial Econometrics are a Killer, and PE takes lots of time to prepared for classes). Probably I will be at the LPF, let's see.