Careers advisor challenges summer internships

May 3, 2021

tvjnjbvv

Tagged: , , , , , , , , , , ,


first_imgAn Oxford University Careers Service advisor has claimed that students undertaking summer internships feel drained and unfit to continue their final year of study.Alison Bird told the Financial Times, “You look at the salaries and think it seems a ridiculously high amount but they work very long hours. If they are on the trading floor they will be in at 6 in the morning and some of our students in mergers and acquisitions are working until 10 or 11 at night, which is pretty grim,” she said.Referring to a group of Oxford interns at a bank in Canary Wharf she visited last August, Bird said, “They were working very long hours and living on takeaways, and I was worried about the health of some of them. When I asked them if the hours had put them off they said they hadn’t because the money was so good.”John Kirwan, acting Careers Service director, said, “Some of my colleague’s comments seem to have been misinterpreted, so that the views of the Careers Service were misrepresented.” He said that the Careers Service was fully committed to internships because they were useful in preparing students for full-time work.“We are very positive about the value of appropriate work experience, including internships, for students,” he said. “As part of broadening their experience and employment prospects, the Careers Service encourages all Oxford University students to gain relevant and realistic work experience suited to their career aspirations.”Kirwan acknowledged that the placements might have a detrimental effect on academic work, but maintained that they were highly beneficial when students came to apply for jobs.“The Careers Service actively promotes the publicising of internships and other work experience opportunities, from a wide range of sectors, while recognising that students also need to take into account college regulations and the potential impact of such activities on their academic studies.”Internships continue to be a popular choice for many students, with the most popular placements being at investment banking firms Goldman Sachs and Morgan Stanley.last_img read more


3 ways same-day ACH may change credit unions

December 18, 2020

rcjtlpgr

Tagged: , , , , , , , , , , ,


first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The advent of same-day ACH this fall will likely mean credit unions and other financial institutions will encounter more fraud, more strain on their budgets and more operational challenges, according to a new survey by the New York City-based software firm NICE Actimize.A whopping 93% of financial institutions said they think same-day ACH will increase fraud threats, but more than half (54%) said they don’t have the appropriate fraud tools to handle same-day ACH transactions, according to the survey of some 60 financial institutions this spring. Despite their lack of fraud tools, 48% of respondents said they plan to originate same-day ACH credits and 43% said they’ll originate same-day ACH debits. Another 35% were unsure, and 16% said they’ll do neither. continue reading »last_img read more