Across the world’s financial centres, summer interns and graduate trainees are taking their first steps in investment banking. This year too, one bank has welcomed school leaver apprentices to its front office for the first time. There is no doubt that that marks a huge change in how banks recruit junior staff, which for years has been defined by hot pursuit of those with elite academic credentials. But has the jobs market changed? Is investment banking still the draw it was or are those embarking on their careers today after something more than a big income and a storied City or Wall Street name on their CVs? And are the banks themselves looking beyond their traditional hunting grounds for the next generation of MDs, rain makers and masters of the universe?