4 These figures group graduates by campaign year, not entry year: the last data point only includes staff starting in  the 2017 cohort who were recruited in directly as graduates in 2016, rather than initially as summer interns in the summer of 2015/16. This is because our recruitment approach was changed for 2016, after those interns were interviewed and selected.
Other central banks have had similar experiences: see, for example, Daly (2016) on the experience of the Federal Reserve Bank of San Francisco. 14 / 14  BIS central bankers' speeches