Global investment banks 'hire more graduates'

Global investment banks are planning to hire more graduates this year than they did in 2006, according to new research.

A survey by Financial News indicates that these banks are hiring an average of 13.5 per cent more graduates than they did last year, with Nomura and Bank of America reporting the highest increases.

Graduates looking for banking operations jobs may be interested to read that this intake occurs mainly in September, although recruitment carries on throughout the year, the study reveals.

Lucy Gregory, co-head of European graduate recruitment at Morgan Stanley, told the publication: "We run summer programmes in London for interns and longer graduate programmes, which last two or three years, both of which are paid competitively," she remarked.

"Graduate hiring is a great source of talent and we hire from across Europe to get the best cross-section of candidates."

A recent report from the government claimed that those who attended university can expect to earn £100,000 more during their working lives than those without a degree.