Finance students eye future with uncertainty

Mon Nov 3, 2008 8:58am EST
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By Melanie Lee

SINGAPORE (Reuters) - These may be uncertain times for banking and finance workers, but spare a thought for thousands of wannabe whiz kids still looking for a start in industry.

Andrea Ross, director of recruitment firm Robert Walters, Singapore, said she expects to see far fewer jobs for fresh graduates as banks and investment houses cut back on recruiting and training in the wake of the global financial crisis.

She said prospective employees would have to scale back their expectations and perhaps seek less glamorous openings with less prestigious firms.

"They shouldn't be so brand conscious," Ross told Reuters, but said the prognosis wasn't all bad.

"Fresh graduates shouldn't feel all doom and gloom, they should keep an open mind and feel positive.

University students studying finance in Singapore, a regional financial center, were not upbeat.

"It's a bottomless pit," said P. Ong, a third-year finance student at Singapore Management University, on the current global financial crisis.

"They don't teach this in the textbooks. I think anyone who hasn't graduated is very, very jittery."   Continued...