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Job hunt will get more difficult in 2009

15 Oct 2008

Job hunt will get more difficult in 2009 The global credit crunch could put pressure on graduates finishing university in 2009, it has been reported.

According to the journal-online.co.uk, the current economic downturn, which has seen world banks bailout several financial institutions in the past few months, is reducing the number of traditional graduate opportunities.

The news provider claims that many graduate programmes have experienced cut backs, particularly in the banking sector.

However, it has been claimed that the accountancy sector will create a plethora of opportunities for graduates as they struggle to deal with an increased workload brought about by an increased number of liquidations and takeovers.

Charlie Ball, deputy director of research at the Higher Education Careers Service Unit said: "It is accountants who are going to have to deal with the financial implications of all of that, it's accountants who are going to have to scrutinise the bottom line, accountants who are going to have to pick up all the pieces."

Meanwhile, last year law graduate and chartered accountant Fred Goodwin former chief executive of Lloyds TSB was fined £4.2 million, including a £2.86 million bonus.

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