Joslin Rowe
Reports New “Boot Camp” Scheme Offers Chance to Jobless
Graduates
Released
on = August 16, 2007, 8:03 am
Press
Release Author = Joslin Rowe
Industry
= Human
Resources
Press
Release Summary = Graduates looking for a job in banking
could benefit from a recruitment drive operating across the square
mile and Docklands, reports financial services recruitment agency
Joslin Rowe.
Press
Release Body = Worried graduates still looking for a job in banking
could benefit from a little known recruitment drive operating across
the square mile and Docklands, reports financial services recruitment
agency Joslin Rowe.
Some
of the biggest names in the financial services sector are recruiting
for so called “graduate bootcamps”
via recruitment consultancies. The bootcamp scheme aims to plug
the extreme skills shortage currently affecting the banking sector
by offering graduate jobs in banking (http://www.joslinrowe.com/graduate)
on a temporary rather than permanent basis, where each recruit is
intensively trained into a very specific junior role as an interim
measure.
Alex
Niarchos, manager of Joslin Rowe Temporaries, recruits
graduates for many of London’s investment banks including
the boot camp initiative. He says, “Essentially, the scheme
gives banks the flexibility to hire someone straight away on an
ongoing contract for as long as they need in a certain area which
is particularly short staffed. Although this isn’t a permanent
role it can often lead to one and however long or short the assignment,
it does mean that graduates temping on the scheme will have considerable
experience at the end of it and be eminently more employable.”
Applicants
most likely to secure a graduate job in investment banking (http://www.joslinrowe.com/graduate-jobs)
via the scheme are those with a 2:1 numerate or financially focused
degree (or equivalent), who can demonstrate strong excel skills,
an analytical mind and a real interest in financial services. Evidence
of an internship in the City or work experience in a similarly fast
paced, pressurised environment is particularly key. Typical roles
available under the scheme encompass derivative operations, dividends,
collateral management, equity trade support & settlements and
even some middle office positions.
“There
are a few core differences between the official graduate schemes
and boot camp contracts,” advises Alex. “Obviously
the prestige and security of securing a graduate banking job
(http://www.joslinrowe.com/graduate-jobs)
via the official graduate programme is immense and graduates,
understandably, are often keen to join at the same time as a group
of peers on a structured programme with plenty of hand holding.
It is also true that the official scheme offers more varied rotations
throughout the bank. However, boot camp contracts also offer training,
both on and off the desk, and although new hires will be expected
to grasp things quickly they are not just left to sink or swim.
There is also an element of internal mobility and contracts can
lead to a permanent job offer. Ultimately, it’s a path that
should not be discounted out of career snobbery as it could be just
the opening someone needs to really kick start their fortunes,”
advises Alex.
ENDS
Notes
to Editors
Established in 1982, Joslin Rowe (http://www.joslinrowe.com/)
is one of the leading financial services recruitment firms in the
UK and Ireland. On 7 April 2006, international staffing services
company Vedior (headquartered in Amsterdam, the Netherlands) raised
its stake in Joslin Rowe's parent company,
The Blomfield Group, from 18% to 70%. Jocelyn Rowe
recruits for a number of graduate jobs in banking across London,
Edinburgh, Glasgow and Dublin including long-term contracts, temporary
and permanent roles.
Web
Site = http://www.joslinrowe.com/
Contact
Details = For further information/interviews, contact:
Belinda Martin
Joslin Rowe
Bell Court House
11 Blomfield Street
London
EC2M 7AY
+44 7789 682 754
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