True, but this isn't about banking & finance. Even people with average grades and ambitions are averse to taking up a job that has to deal with lower levels of society. This results in mostly lower calibre of people who recruit & stay which turns off more good people. Vicious cycle.

The gov is trying very hard to improve the brand image and pay of the ministry, but not easy. But that aside, for a private grad it provides decent pay and job security which is way better than joining some SME or contract job.