3 June 2010
85 City Traineeships to start in July
30 City firms offer London school leavers paid work
experience
Today the City of London Corporation confirmed that 30
City-based firms will, this summer, open their doors to offer six
-13 week paid traineeships to 85 bright London school-leavers.
The City of London Business Traineeship (CBT) scheme gives
talented young people a head-start on the ever-competitive career
ladder, and allows City firms the chance to tap into the local pool
of talent, forging lasting relationships with high-achievers before
university.
Around 300 A-Level leavers from the seven City-fringe
boroughs have been competing for one of the 85 places with the 30
confirmed host businesses since January this year, and the paid
traineeships will start in July.
The City firms opening their doors to the young local talent
include Bloomberg financial news network, Antares Insurance, Allen
& Overy, and the Bank of England.
Stuart Fraser, Chairman of the Policy and Resources Committee at
the City of London Corporation, says, “With competition for
graduate jobs remaining tough, CBT traineeships are crucial in
giving young people some concrete experience for their CV. This
year, we will be giving this opportunity to the 600th trainee. As a
result, we now have young ambassadors for jobs in the Square Mile,
right on the City’s doorstep and a high-achieving workforce of the
future.”
Participants are drawn from Tower Hamlets, Hackney, Southwark,
Westminster, Lambeth, Camden and Islington. They secure their
placements by successfully completing an assessment, workshop and
interview process with their host firm.
Part of a series of initiatives, which bridge the gap between
the City and City-fringes, the City Business Traineeship scheme is
funded by the City of London Corporation and delivered by the
Brokerage Citylink. Trainees are paid the standard rate for a
graduate role and secure work placements of up to three months with
City firms in the Finance, Banking, Legal and Insurance sectors in
the City.
For more information see the
City's Business Traineeship scheme page.
Full list of confirmed host companies:
- Allen & Overy
- Amlin
- Antares
- Arch
- Ascot
- Bank of England
- Bloomberg
- Canopius
- Clifford Chance
- Hampden
- Hays
- Hiscox
- Kiln & Co
- Kingston Smith
- Laurence Simons
- Lloyds
- Max at Lloyds
- Michael Page
- Rabo Bank
- RBC
- Standard
- UBS
- Chartered
Ends
Notes to editors
For press enquiries please contact
Jo Hooper at Rain Communications UK
Tel 020 7828 0118
Email
firstname.surname@raincommunications.co.uk
The City of London Corporation
As the body providing local government services to the Square Mile,
the City of London Corporation’s primary role is to support and
enhance the business City – a world-leading international financial
and related business services centre. The City of London
Corporation is also committed to working with its neighbours to
support the regeneration of local communities. The City of London
or “Square Mile” shares its borders with some of the country’s most
deprived boroughs where unemployment remains high. The City of
London Business Traineeship programme brings together these two
objectives; helping the City to attract high calibre, well
motivated staff able to meet its skill needs, whilst also looking
to local sources to attract talented individuals as future members
of the workforce.
The Brokerage Citylink
The Brokerage
Citylink is a well established charity, working in partnership with
City employers to help residents from the Boroughs close to the
City access jobs in the City, its fringes and Docklands. The
Brokerage Citylink has been delivering the City of London Business
Traineeship programme on behalf of the City of London Corporation
since 2000. http://www.thebrokerage.org.uk