{"id":4164,"date":"2018-04-10T17:18:56","date_gmt":"2018-04-10T17:18:56","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=4164"},"modified":"2022-05-04T21:38:01","modified_gmt":"2022-05-04T21:38:01","slug":"the-gen-z-survey-reveals-that-half-of-new-graduates-aims-for-a-job-in-investment-banking","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/the-gen-z-survey-reveals-that-half-of-new-graduates-aims-for-a-job-in-investment-banking\/","title":{"rendered":"The Gen Z Survey Reveals That Half of Graduates Aims for a Job in Investment Banking"},"content":{"rendered":"
\"\"
New Survey Reveals ‘The Expectations And Driving Force Behind Graduates’<\/figcaption><\/figure>\n

London and Frankfurt based recruitment consultancy Dartmouth Partners has released a new survey that dispels several long-held graduate and \u2018Gen Z\u2019 recruitment myths.<\/p>\n

The Report was based on responses from over 600 \u2018Gen Zeros\u2019 and was undertaken to better understand the expectations and driving force behind graduates\u2019 current goals and thinking<\/strong> \u2013 and the findings may come as a shock to banking and financial institutions who are perhaps under the impression the talent of tomorrow will be queuing up to join their team.<\/p>\n

Terri Loska, Director Graduate Recruitment, said:<\/strong> \u201cIn addition to our first-hand observations, we released a survey to our network of students and recent graduates to get their take on the job search and how they view the recruitment process; what makes them tick and what grinds their gears?<\/p>\n

\u201cWe had a total of almost 600 responses and, due to the nature of our candidate pool, most of the participants are targeting careers within financial services. The individuals who took part came from various academic backgrounds and are at different stages in their job search, however, despite the diversity in profiles, our results revealed some uncomfortable truths and consensus in opinion.<\/p>\n

\u201cThe findings certainly provide food for thought and hammer home the \u2018dos and don\u2019ts\u2019 in a hiring process, which can easily be forgotten. This report specifically looks at the applicants currently identified as \u2018Gen Z\u2019. Those that are born approximately between 1995 – 2012.\u201d<\/p>\n

\"\"
The report reveals that the latest crop of graduates have more choice than ever before, meaning unless they are engaged throughout the recruitment process<\/figcaption><\/figure>\n

The report reveals that the latest crop of graduates have more choice than ever before, meaning unless they are engaged throughout the recruitment process, they will simply move on to a company who they believe will be a better cultural fit.<\/p>\n

In fact, it has never been more important to dedicate time and energy to recruiting graduates \u2013 get it wrong, and they\u2019ll walk away \u2013 something that wasn\u2019t perhaps an option for them in leaner years.<\/p>\n

The Gen Z generation want to know exactly where they\u2019re at throughout the recruitment process, meaning a high-touch and highly efficient process with quick communication and feedback is essential.<\/p>\n

With 44% expecting an update on the application within one to two weeks and 45% expecting the process to be complete with one to two months, the message is clear \u2013 recruitment needs to be quicker, more streamlined and transparent than ever before.<\/p>\n

Among the findings was the fact that 49% of those surveyed indicated a preference to move into investment banking to start their careers.<\/p>\n

And with a whopping 84%, London still easily tops the working location of choice for graduates indicating the capital as their desired working city.<\/p>\n

Terri Loska continues that \u201cfor the first time in a long time we\u2019re seeing graduates looking for the right company for the longer term – the bad news is, they won\u2019t stop interviewing until they find it. The good news, however, is that – according to the results from our survey – once through the door, graduates are much more committed to a firm than their media-fuelled reputation suggests. They want to understand the working culture of a firm, its values and its people.<\/p>\n

\u201cBarely a day goes by without a news article portraying Gen Z as opportunistic, fair-weather employees who are just biding their time until a better offer comes along. That may be true for some, but consider that of our survey participants, 40% that are graduating in 2017 and 51% that are graduating by 2019, see themselves staying in their first job for 3 to 5 years.<\/p>\n

\u201cWe think the Gen Z Report not only dispels several myths about the wants and needs of graduates \u2013 it blows them out of the water.\u201d<\/p>\n

Another fascinating discovery is that career progression ranks higher than salary for graduates \u2013 another myth dispelled?<\/p>\n

That said, some 43% still expect a minimum starting salary of \u00a345,000+.<\/p>\n

\"\"
most of the almost 600 participants are targeting careers within financial services<\/figcaption><\/figure>\n

On the other hand, Lizzie Louis, Principal of Graduate Recruitment said:<\/strong> \u201cIf anything, our results show that it\u2019s career progression that really makes an opportunity stand out from the crowd. It\u2019s no longer enough to rely on track record, or a large pay check alone; graduates placed near to equal weight on the importance of early training and brand – far more than location and salary.<\/p>\n

\u201cIt\u2019s interesting to see that, on average, students still in their penultimate year of studies took the longest-term view. One reason for this could be the trend of hiring off the back of Spring Weeks and internships, outlining a clear career trajectory,<\/p>\n

\u201cAdditionally, this mentality could be a result of the increased number of entry-level opportunities on the buy-side. The recent trend of Hedge-funds and Private Equity firms introducing in-house Analyst programmes means that graduates no longer need to go through Investment Banking training as a stepping stone into the buy-side and can side-step straight into a career in the industry.\u201d<\/p>\n

It\u2019s also worth noting that Gen Z graduates like to keep their options open, too \u2013 70% \u2018keep an eye out\u2019 for other opportunities after accepting a position, though to varying degrees of proactivity.<\/p>\n

In summary, The Gen Z Report calls for a change in mindset for the recruitment process from start to finish.<\/p>\n

Ensuring each candidate is cared for the same way, engaged and updated every step of the way is crucial and transparency throughout the process is essential.<\/p>\n

The candidate journey should be slicker and quicker than ever before with the future leaders of tomorrow demanding nothing less.<\/p>\n","protected":false},"excerpt":{"rendered":"

London and Frankfurt based recruitment consultancy Dartmouth Partners has released a new survey that dispels several long-held graduate and \u2018Gen Z\u2019 recruitment myths. The Report was based on responses from over 600 \u2018Gen Zeros\u2019 and was undertaken to better understand the expectations and driving force behind graduates\u2019 current goals and thinking \u2013 and the findings […]<\/p>\n","protected":false},"author":7,"featured_media":4165,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25,1],"tags":[],"acf":[],"yoast_head":"\nThe Gen Z Survey Reveals That Half of Graduates Aims for a Job in Investment Banking - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/the-gen-z-survey-reveals-that-half-of-new-graduates-aims-for-a-job-in-investment-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Gen Z Survey Reveals That Half of Graduates Aims for a Job in Investment Banking\" \/>\n<meta property=\"og:description\" content=\"London and Frankfurt based recruitment consultancy Dartmouth Partners has released a new survey that dispels several long-held graduate and \u2018Gen Z\u2019 recruitment myths. 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