PwC says graduates do not need a 2:1 degree to work at the firm

PwC, one of the UK's largest graduate employers, has said it will no longer just look for new recruits with a first or 2:1 degree.

The firm said accepting applicants with lower second class degrees would help increase the socio-economic diversity of its workforce.

"Talent and potential is determined by more than academic grades," PwC said.

Around 17% of university graduates receive a second class classification or below.

UK universities award degrees that are classified in four categories: a first, an upper second (2:1), a lower second (2:2), and third class honours. Typically professional services firms, including large city, accountancy and law firms, have required students to have a 2:1 or above.

PwC said it was removing the requirement for all its graduate roles, internships and placements in order to open up opportunities for more people and improve social mobility.

"Whilst academic achievement has its place, for far too many students there are other factors that influence results," said Ian Elliott, chief people officer at PwC.

"This move isn't primarily about attracting more applications but opening our roles to students from a broader range of backgrounds, including those from lower income households," he added.