Students looking forward to graduating in 2009 may be in for a rude awakening if they are hoping a job in the financial sector will be easy to come by, it has been claimed.

In a situation no doubt mirrored in many other sectors across a range of industries, David Ainscough, deputy director of Cambridge University Careers Service, has said that accountancy graduate programmes are suffering from over-applications, and that some graduates are failing to hear back from certain schemes.

Despite graduate recruitment becoming far more sophisticated in recent years, there are problems facing recruitment in the financial sectors, and these are likely to affect accountancy graduates.

"Students who have done numerical tests are not hearing whether they've got an interview and we are hearing that some graduate schemes are full, even though it's before their deadline," said Mr Ainscough in a Times report.

Accountancy graduates prepared to be flexible typically stand a better chance of finding work in the new year, as to apply their skills to insolvency positions will no doubt offer a greater chance of success in the jobs market.


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