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Graduates looking outside the City

Accountancy graduates are shunning promising jobs in the City, it has been suggested, instead turning to positions which appear to offer less risk than those associated with banking and the financial sector.

Gordon Chesterman, the head of Cambridge University's careers service, said that graduate recruitment in City jobs is becoming harder to fill as a result of the ongoing economic downturn.

"[The students] read headlines in the press about 120,000 white-collar jobs going in the finance sector and thought, 'I've got my suspicions'," explained Mr Chesterman.

However, many banks have already stated that graduate recruitment is unlikely to be reduced as a result of the economic downturn.

Accountancy graduates could benefit from an increased demand for insolvency positions, meaning those graduates flexible enough to enter booming areas such as insolvency will be able to find work far quicker than many others.

Graduate recruitment, across all industries, has been described as likely to drop by only one per cent this year, suggesting there are many opportunities left for accountancy graduates.

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