Gen Y population shuns finance jobs

Gen Y population shuns finance jobs

31.10.2008

Younger job seekers are no longer as interested in a career in the banking and finance sector as they were before the credit crunch, it has emerged.

Onrec reports that thanks to the credit crunch, recruitment of the Gen Y population has halved for these industries and management consultancy and accountancy vacancies are now looking more attractive.

A survey by Milkround.com found that although 68 per cent of respondents said they had previously considered a job in finance, since the credit crunch that figure has dropped to 36 per cent.

Mike Barnard, a spokesperson for Milkround.com, said that "these figures just go to show the extent to which the confidence of working in the banking and finance sector has been shaken".

It is thought that wage and bonus reductions could be part of the reason for the lack of interest in the industry.

According to the Independent, competition for jobs among the Gen Y population is now "fiercer than ever".

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