James Ashton: Young high-flyers just want to count beans
Outlook When I was a student, spending more time scribbling for the university newspaper than leafing through great literary works, PricewaterhouseCoopers was a godsend. The accounting firm always placed with us the largest advert of any recruiter to plug its milk-round days, money that shored up The Chronicle's finances on more than one occasion.
I'm sure it is not exactly what PwC's senior partner Ian Powell had in mind when he talks about investing in young talent. It clearly worked, though. If PwC was a milk-round fixture then, its popularity has taken off in the intervening years.
Mr Powell tells me that his firm had 30,000 applications for 1,200 graduate places this year. So much for being a nation of shopkeepers – it seems thousands of high-flying twentysomethings just want to become bean-counters and consultants. The applicant level has almost doubled since before the recession. Maybe banking as a career option really has lost its allure, but I doubt it. What is clear is that creating a new generation of entrepreneurs isn't happening immediately – at least until they've learnt to do their sums properly.
What PwC and the rest of the Big Four offer is a solid grounding for any business career. Mr Powell estimates there are 40,000 alumni working outside the firm in all sorts of sectors. It makes the reunion dinners far from intimate.
Such an effort on attracting and training the best young talent is not an excuse for maintaining a closed shop for all the blue-chip audit work. But investing so much in graduates – just like extending the office network globally – means they are better placed to serve multinational clients.
- 1 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Joan Rivers: 'Palestinians deserve to be dead'
- 3 Lady al-Qa’ida: On the trail of Dr Aafia Siddiqui, the world’s most wanted prisoner
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 It's not just the savagery of Isis that is shocking – its weaponry is too
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Joan Rivers: 'Palestinians deserve to be dead'
Sir Paul McCartney makes his stance on Scottish independence known
PM sets out tough new anti-terror measures in response to heightened threat
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
iJobs Money & Business
Highly Attractive Salary: Austen Lloyd: BRISTOL - This is a very unusual law c...
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...