The biggest banking graduate recruiters for 2010
The very large and very dark clouds which gathered around graduate recruitment last year are beginning to allow some chinks of optimism to shine through. As research from the Times, Association of Graduate Recruiters and our own investigations reveal, graduate numbers are likely to be up in 2010.
However, some banks are more opening their doors wider than others. Below is a breakdown of banks' approximate intakes for 2010, for both graduate schemes and summer interns. Bulge bracket investment banks are big hirers, but those firms with a retail arm are the largest graduate recruiters.
BANK OF AMERICA MERRILL LYNCH
Graduates: 125 for the EMEA region
Internships: 125 for region EMEA region
Divisions recruiting for: Global markets, global investment banking, global wealth & investment management, research, global product solutions, risk management, technology, human resources and Europe card services.
BARCLAYS CAPITAL:
Graduates: 200 for the EMEA region
Internships: 250 for the EMEA region
Divisions recruiting for: Compliance, corporate communications, finance, global financial risk management, human resources, investment banking, legal, marketing, operations, prime services, quantitative analytics, research, sales, structuring, technology and trading.
CALYON:
Graduates: Not revealed, recruits throughout the year.
Internships: 1,000 (of which 700 will be in France)
Divisions recruiting for: Capital markets, investment banking, structured finance, brokerage, risk, retail banking, operations, audit and finance.
CITI
Graduates: 200 for the EMEA region
Internships: 150 for the EMEA region
Divisions recruiting for: Investment banking, capital markets origination, sales & trading, global transaction services, risk management, technology, operations and human resources.
CREDIT SUISSE:
Graduates: 150-250 for the EMEA region
Internships: 150-250 for the EMEA region
Divisions recruiting for: Private banking, investment banking, fixed income, equities, asset management, information technology, operations, plus support functions.
GOLDMAN SACHS:
Graduates: 250 for the EMEA region
Internships: 250 for the EMEA region
Divisions recruiting for: Finance, global compliance, global investment research, legal & management controls, investment banking; investment management; merchant banking, operations, securities division and technology.
HSBC
Graduates: 100 globally
Internships: 100 globally
Divisions recruiting for: Global banking and markets, global asset management, global private banking and global transaction banking.
J.P. MORGAN:
Graduates: 300 for the EMEA region
Internships: 420 for the EMEA region
Divisions recruiting for: Asset management, finance, IB risk, investment banking, operations & business services, sales, trading & research, and technology.
MORGAN STANLEY:
Graduates: 200 for the EMEA region
Internships: 170 for the EMEA region
Divisions recruiting for: Investment banking, sales & trading, equity research, investment management, credit risk management, private wealth management, technology, finance and operations.
NOMURA:
Graduates: 180 for EMEA region
Internships: Not revealed.
Divisions recruiting for: Investment banking, global markets and business infrastructure.
ROTHSCHILD
Graduates: 70 globally
Internships: 70 globally
Divisions recruiting for: Investment banking.
ROYAL BANK OF SCOTLAND:
Graduates: Over 400 globally
Internships: Over 200 globally
Divisions recruiting for: Global banking and markets, finance, retail business leadership, technology, marketing, sourcing & vendor management.
SOCIETE GENERALE:
Graduates: 1,000+ globally
Internships: 5,000 globally
Divisions recruiting for: Retail banking and financial services, global investment management and services, corporate and investment banking, plus support functions.
STANDARD CHARTERED
Graduates: 700 globally
Internships: To be confirmed
Divisions recruiting for: Wholesale banking, consumer banking, human resources, finance, corporate real estate services and compliance & assurance
UBS:
Graduates: 170 for Europe, excluding Switzerland
Internships: 160 for Europe, excluding Switzerland
Divisions recruiting for: Investment banking, fixed income, equities and operations.
An important caveat to the above figures is that a large proportion of the analyst positions on graduate schemes will be filled by students who managed to gain an internship, so it's essential to seek to secure a place on a summer programme.
