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Who IS hiring graduates and interns this year?

Given the arid hiring landscape out there, we thought we'd put this question to graduate recruiters on your behalf. Some of them responded. Some of them are hiring for 2009 - even in the front office. Some of them never got back to us (we'll chase them and will update if they do). And some of them did get back to us, but refused to comment (draw your own conclusions). Here's what they said....

Barclays Capital

Hiring interns?

Yes, into "all" business areas, as per 2007 (from this we deduce compliance, corporate real estate, investment banking and trading).

Intern numbers compared to last year?

To be decided.

Hiring graduates for a 2009 start?

Yes. But only into "most infrastructure areas and one or two front-office areas" (they declined to say which).

Graduate careers site?

Click here.

Bank of America

No response.

BNP Paribas

Declined to comment.

Citigroup

Hiring interns?

Yes, into investment banking, corporate banking, capital markets origination, sales & trading, global transaction services, operations, technology, risk management and human resources.

Intern numbers compared to last year?

Roughly the same.

Hiring graduates for a 2009 start?

Yes, into sales & trading, capital markets origination, risk management and technology. Also recruiting for investment banking and global transaction services in a range of other locations, such as Moscow, Dubai, Turkey, Frankfurt.

Graduate careers site?

Click here.

Credit Suisse

No response.

Deutsche Bank

No response.

Goldman Sachs

Declined to comment.

ICAP

Hiring interns?

Yes, into broking, ship broking, and finance.

Intern numbers compared to last year?

Same.

Hiring graduates for a 2009 start?

Yes, into broking, ship broking, and finance.

Graduate careers site?

Click here.

JPMorgan

Declined to comment.

Merrill Lynch

Declined to comment.

Morgan Stanley

Hiring interns?

Yes, into all business areas - investment banking, sales trading and research, global wealth management, investment management, operations and technology.

Intern numbers compared to last year?

Similar.

Hiring graduates for a 2009 start?

Not across the board. "Where roles continue to remain following our intern conversion process, or if new roles become available throughout the remainder of this year, we are and will promote those openings on campus through detailed job descriptions."

Graduate careers site?

Click here.

Rothschild

Hiring interns?

Yes, into the investment banking division - M&A advisory, debt advisory or equity advisory.

Intern numbers compared to last year?

Similar (25-30 summer interns, c30 long-term interns).

Hiring graduates for a 2009 start?

Yes, into the investment banking division - M&A advisory, debt advisory or equity advisory.

Graduate careers site?

Click here.

UBS

Hiring interns? Yes, into all areas of the investment bank, including fixed income, currencies and commodities, equities, the investment banking division and logistics.

Intern numbers compared to last year? Slight decrease.

Hiring graduates for a 2009 start? Yes, into all areas of the bank, including fixed income, currencies and commodities, equities, the investment banking division, and logistics. Positions are already full for some specific functions.

Graduate careers site? Click here.

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AUTHORSarah Butcher Global Editor
  • An
    Ano2
    7 January 2009

    Hi Anonymous...I am facing the same scenerio as you might have faced 2-3 months...I have done MBA in finance from Canada and living in UK currently....I am also looking at other options as in Dubai...could you pls email me on brar78@gmail.com so that you can share your UK job search experience with me.

  • Ch
    China Girl
    26 November 2008

    Thank you everyone for your comments, harsh but realistic. I've just finished my MBA, sent out hundreds of applications but mostly rejected. Nothing wrong with my qualification but I was told that the positions have been filled. So it may take a bit longer but I'm still hopeful, doing a CFA now and it'll look more attractive on my CV.

  • An
    Anonymous
    18 November 2008

    Incorrect, UBS are not hiring graduates into many capital markets roles, this includes FICC. Check the website itself if you don't believe me. I even emailed HR to confirm this. Most roles like the rest of the banks will be filled by their previous interns. They don't want to waste money training new graduates when they can make full use of their internship programmes.

  • An
    Anonymous
    16 November 2008

    hello all, ,,and sorry regarding the spelling,,sometimes i write too fast,,,anyway.i am going to dubai ..the salary is not bad .as i have been told by friend of mine, it will be sufficient to cover the life expenses and save little bit. and i am cosidering studying CFA as well..
    ill be working in the operation division, in a bank which is good for a start.
    to be quite honest, i dont think it is the right time for graduate to look for work in the UK,,i did consider the agencies, but ihave been offered a settlement job, and i am not welling to waste my time . because you tend to forget what you have learned after while.when i work in the bank it will be an opportunity for me to enhance my knowledge, wide my connection and at least start from somewhere.
    and chris , my degree is ( MSc international Banking and Finance)

  • an
    anon
    7 November 2008

    Dear Anonymous (Sun 2nd Nov). Please don't get disheartened but there are people from LBS, LSE, UCL, Warwick, Said BS, Judge BS... heck even Harvard BS, Princeton Bendheim, Stern BS... AND with EXPERIENCE who are finding it hard to get jobs. Please tell me you wrote better English in your applications and that you didn't write to Goldman Sachs as 'goldmen sach'.
    There are MDs at Citi who will not (because they are not allowed to) give out work experience placements for members of their close family during boom years. I doubt they would consider a speculative letter any more seriously at a time when they are all fearing for their jobs. Top marks for trying though.
    I can't see recruitment coming back to previous levels for several years even if the banks are keen to avoid their 2002/3 scramble mistakes. See http://www.mergersandinquis...

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