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12 July 2007

How big money seduces Oxford’s brains

Champagne parties? £800 a week for a summer job? These are the kind of lures the banks are throwing

By Matthew Holehouse

“Why on earth would you want to go into banking?” I asked my college friend at his end-of-term house party. “You hate finance and you want to work in the theatre.”

The answer was, of course, the money. The splurging City bonuses – with directors awarding each other up to £6m a year and twenty- somethings on bonuses 15 times their core pay, running out of luxury goods on which to spend their thousands.

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