Graduate Accountants Seeking Roles Outside The City

Tue, 13 Jan 2009

Accountancy graduates are turning down promising jobs in the banking and the financial sector in favour of less-risky positions, a careers expert has suggested.

Gordon Chesterman, head of Cambridge University's careers service, said that graduate recruitment in the City is becoming more difficult to fill due to the effects of the credit crunch on the UK economy.

"The students read headlines in the press about 120,000 white-collar jobs going in the finance sector and think, 'I've got my suspicions'," he explained.

However, analysts expect graduate recruitment in all sectors to remain stable in 2009, with firms looking to reduce the number of graduate positions by just one per cent this year.

Flexible accountancy graduates could benefit from an increase in demand for insolvency positions, making it easier for them to find work than many other graduates during the ongoing economic downturn .
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