It's simple. If a Bank or Consulting Firm are going to pay you a starting salary of £50k, they want your soul. Your actually hourly rate won't be that good as you clock up late night working and wave bye bye to some of your weekends. You can fist pump with your colleagues about the cash you are drawing down but sadly losing contact with your mates, who, by the way, you haven't seen for weeks. Of course many enlightened graduates are seeking roles that may not pay Wall Street salaries so instead offer empowerment, learning, engaging job content, work/life balance and being viewed as a valuable human being rather than a cash machine. At Aspire our clients seek humans not robots so if you are a graduate seeking your first or second job we have a specialist team just to look after you and your needs.
Just 9.6% of graduates applied for roles in investment banking – the lowest proportion since 2009 when banks halted graduate recruitment in the aftermath of the financial crisis.