There’s good news for school-leavers and graduates in the island, with an increasing number of financial institutions recruiting staff straight from school or university.
The States of Jersey’s annual Survey of Financial Institutions, released today (Wednesday), shows that between 2009 and 2012 the number of such employees recruited was consistent at around 200, following a peak at around 330 in 2008.
There’s good news for school-leavers and graduates in the island, with an increasing number of financial institutions recruiting staff straight from school or university.
The States of Jersey’s annual Survey of Financial Institutions, released today (Wednesday), shows that between 2009 and 2012 the number of such employees recruited was consistent at around 200, following a peak at around 330 in 2008.
But last year the figure shot back up close to that pre-recession figure, with 310 school-leavers and graduates being taken on fresh out of education – higher than in each of the previous four years.
While the annual survey showed profits in banking and the legal sector fell in 2013, by 2% and 9% respectively, fund management business appears to be booming – profits in this sector leapt by more than a third (38%).
Smaller increases were recorded in the trust and company administration and accountancy sub-sectors, of 3% and 4% respectively.
So while at first blush the headlines from the report may seem a little ‘doom and gloom’, in that total profits posted by firms in the island remained static last year at £1.2 billion, the outlook for local youngsters embarking on their careers is promising!
To read the full report, visit: http://bit.ly/1pVNkFD