Graduates & Internships: currently 150 jobs.The latest job was posted on 01 Oct 16.
Graduates & Internships
According to Forbes, an estimated 60 percent of college graduates are unable to secure a job in their chosen industry, and end up working in a field completely unrelated to their field of study. While this does provide a source of regular income while searching for that dream job, many graduates become accustomed to their new sector, and find it very difficult to make the leap into the unknown. If you’re determined to make it in finance, don’t settle for second best. There are ways to make yourself more attractive and visible to potential employers, with one of the most common methods being accepting an internship within the financial sector.
Why is it Difficult to Get a Finance Job?
Finance is a high risk environment, so it should come as no surprise that banks and financial institutions are reluctant to employ novices within such make or break roles. In many cases, new graduates are employed in what are described as analyst roles – an entry level position – but these roles can be difficult to come by if you don’t stand out above the competition. Many of the world’s biggest financial players are international, which means that businesses can recruit from global pools, and you’ll also find there’s a lot of internal movement internationally, ensuring the best in the field are located where they’re needed. New openings can be few and far between.
The Importance of Internships
Internships are important for two reasons. Firstly, they can demonstrate your skills to a potential employer without them having to invest in you too heavily. Think of an internship as an elongated interview. Around 80 percent of finance workers completed an internship before working within the finance sector permanently, with more than half being offered permanent positions at the end of the contract. For this reason, many graduates prefer to find an internship with a bank they’re interested in working for long term, but this isn’t necessary as the second reason internships are important is simply to gain work experience. Even if you’re not offered a full time position, an internship isn’t a waste. Many employers are hesitant to recruit new graduates because they don’t possess the analytical or logical thinking that comes from on the job experience.
There are intern positions is practically every area of finance, but don’t be discouraged if you’re not quite ready to commit to one field in particular. On efinancalcareers.com, you can even find office-based finance internships which give you the experience of working within the sector without the niche aspect.