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Demand for tech graduates still strong

The recent credit crunch in the banking sector has not affected graduate hiring plans in the financial services industry, according to a survey

The UK economy may be shivering in chill winds from across the pond, but demand for IT graduates is still strong, a survey has found.

Recent turbulence in the banking sector has not affected graduate hiring plans in the financial services industry, according to a poll conducted by technology graduate recruitment site the IT Job Board.

The survey of 50 UK organisations found the vast majority (94 percent) are not planning to change their hiring plans in light of the credit crunch in the banking sector. And more than half (56 percent) said they are planning to increase the number of graduates they hire next year.

Just over a third (36 percent) said hiring levels will be unchanged next year, while a marginal eight percent said they plan to decrease hires, according to the recruitment company's survey.

Alex Farrell, director of the company, said in a statement: "The results of this survey confirm our beliefs that it's still a strong sector from an IT perspective and graduates are still very much in demand."