University students who graduated earlier this summer are finding it tougher to find a job in finance than in previous years, according to a survey by eFinancialCareers.com.

Only 16% of graduate jobseekers surveyed had managed to secure a job in finance, despite high numbers of students willing to work for free in the sector. In the same survey last year, 29% of those graduating said they had already been offered a job in financial services.