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Almost one third of UK investment bankers say that if they lost their jobs in the current economic downturn they would return to university or business school with a view to returning to the industry once the economy picked up.
The poll of 2.300 investment bankers in London, conducted at the end of May by eFinancialCareers, the UK-based financial careers website, revealed that 20 per cent of those questioned would start an MBA programme if they were made redundant and a further 12 per cent would apply to MSc programmes.
“A high proportion of City professionals are committed to staying in banking however they can,” says Sarah Butcher, editor of eFinancialCareers.com. “ It’s encouraging, though, to see that many are prepared to return to education, which is likely to be a good bet for the next year or two until the banking cycle picks up again.”