School leavers 'heading into financial services'

As the competition for university places continues to intensify, many school leavers are turning their back on a degree and are instead moving into a career in financial services straight after leaving school, it has been claimed.

Tim Vye, divisional director of Reed Finance, said that this trend will "undoubtedly" have an impact on the workforce of the future and employers need to understand how it could impact on their recruitment processes and avoid only opting for students who have a university education.

"We believe that this degree bias will change as employers increasingly see talented new accountants following different entry routes into the accountancy profession," he explained.

Mr Vye added that, if an accountant can "successfully navigate" the early years of their career, they will often find that having a degree becomes less of an issue for them in the future.

It comes after Carl Gilleard, chief executive of the Association of Graduate Recruiters, said that graduate sales recruits are unlikely to be penalised for taking a year out from studies, and many may benefit from doing so.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by John Oak

Filed: 23-08-2010