London, United Kingdom, November 26, 2008 --(PR.com
)-- The financial industry is in crisis, but thousands of recent graduates and professionals are still in the market for jobs in banking, private equity and asset management. Despite the state of the economy, high quality jobs are still available in these industries. But job seekers may need to consider additional training that sets them apart from the rest.
After a few months' talks, The EliteExchange Group, a cross-border finance human resource consulting firm, has agreed on serving as a value-added partner for China's leading education giant Education International Corporation Group (www.eic.org.cn). This gives sheer recognition of EIC's high-standard services and top source of qualified alumni over the efforts of the past decades.
China's booming economy presents opportunity for the golden age group and the number of Chinese students venturing out to study abroad is higher than ever before. Interviews with career services departments with universities in Britain shows the figure for Chinese fall-out rate is high, hitting approximately 11% on average and the employment figure for recent graduates is even worse, beating the figure of the previous years. In addition, amid the market turmoil, only a few job opportunities are in the market, which severely decreases the employability of international students, especially Chinese.
The two parties, EliteExchange and EIC have been in talks for several months in order to tackle this problem. EIC's business involved assisting students on applying for foreign univerisites. The increased fall-out rate and unemployment figure will dampen the overseas market potentials and hence eat into EIC's annual income.
EIC's Overseas Marketing Manager Wallace He, who played an instrumental role on the potential cooperation commented, "It is our pleasure to work with EliteExchange on bringing real value to our student who might otherwise suffer from intense overseas study and thus lose precious work experience in the job-hunting trenches. Upon the partnership, EIC would collaborate with EliteExchange on recruiting and training to gear students up before they even step up for overseas study."
The EliteExchange Group has brought deep industry insights and broad experience in placing interns in top financial firms, giving them a real platform to thrive in such a turbulent marketplace. Prime audiences of the program are those with top of class degree but lacking recognized work experience down on their CVs. This dampens their possibility of being selected even for a first round interview for full-time job/internship. For those graduating next year, we recommend taking finance training and internship with EliteExchange's sponsored financial groups to boost the possibility of being hired.
"We are very confident the partnership would help boost Asian Chinese's possiblity of securing a high-profile finance job in the market. Previous statistics has underpined our qualifications on achieving this goal." EliteExchange's Managing Director Chris added.
According to insider source, in order to be more competitive, those graduating in May should:
-- Be extremely assertive on campus
-- Stay active in and take advantage of your career services department
-- Network at finance industry and career fairs
-- Ramp up your skill set - proactively seek out training like financial modeling to further impress your interviewers.
-- Don't worry about the money at this point - consider non-paying internships as a valuable part of your career path.
-- Be willing to settle
-- In this market, it's ok if you accept a position that's not your "dream job." Accept a position similar to your desired role and aim to transfer when the market improves.
Source: The EliteExchange Group