Schroders shifts hiring focus away from Oxbridge graduates
- Schroders is diversifying its recruitment criteria to include non-degree holders.
- The company is particularly focused on candidates with skills in IT and data analysis.
- This approach marks a significant shift from the historical preference for Oxbridge graduates.
In recent discussions, Peter Harrison, the recently departed CEO of Schroders, one of the oldest fund managers in Britain, indicated a significant shift in the company's hiring practices. This change allows for a broader recruitment strategy that prioritizes diverse educational backgrounds. Historically, the firm had a preference for Oxbridge graduates, particularly those with degrees in history. However, the evolving landscape of skills demanded by the financial sector, specifically in realms such as IT and data-wrangling, prompted Schroders to open opportunities for candidates without degrees. This strategic pivot reflects an increasing awareness of the importance of practical skills over traditional academic accolades, aiming to foster a more inclusive workforce and address contemporary challenges in the industry.