SThree claims banking crisis could increase engineering jobs

Russell Clements, CEO at SThree, which recruits STEM educated professionals told The Guardian: "If you said to a bright young graduate do you want to join a bank or an engineering company, the answer would have been a bank." SThree's interim results show signs that the banking industry is no longer as attractive to graduates as it once was. Clements added: "The engineering sector...will be a beneficiary of the perception that all that goes on in banking is not what it seems to be." A spokesperson for EEF said: "Engineering and manufacturing has suffered not just from the higher salaries the city and wider financial services have offered but a supposed prestige of working in those sectors. He added: "Whilst the salaries may still remain higher in some respects, there is little doubt the prestige of the city has suffered a massive blow in the recent past. Hopefully this will translate into more people choosing to stay in our sector and the retention of key skills rather than being lost to the supposed allure of the financial sector."