By Michael Shaw
The global financial crisis has a potential upside: now City jobs seem more precarious than ever, schools may hang on to their Teach First graduates for longer.
About half of the high-flyers on the scheme leave teaching after their two-year placements in challenging secondaries. But now schools seem a safer career option.
Teach First continues to run events to help participants get jobs in other industries when they complete their placements.
But some teachers who are on those courses seem to be having second thoughts.
At a Teach First event this week, a straw poll of 30 participants found the majority were considering staying in teaching more seriously because of the economy.
"Teaching has always been a reliable, steady job but even more so now," one English and history teacher said.
"Having been in teaching for two years, I came to a point where I had considered being ambitious and thought I'd try something new. I've since decided to think twice about that now."
Laura Kavalier, a maths teacher at the Harris Academy in Bermondsey, south London, said the state of jobs in the City made her even more glad she had already decided to stay on at the school.
But she said: "I don't think many Teach Firsters are driven hugely by money, they want careers in something they are passionate about. I also think they will do whatever it takes to get there, credit crunch or no credit crunch."
Teach First said it was unable to predict if more participants would stay in schools, but it was planning a scheme called Teach On to help them.
Brett Wigdortz, chief executive, said: "We expect our graduates will continue to pursue diverse careers but hope they will always address educational disadvantage throughout their careers."
Teach First still lists a foundation established by collapsed bank Lehman Brothers as one of its main sponsors. It had previously invited Peter Sherratt, the bank's vice-chairman, to one of its "Cock-up club" meetings where business people talk about their mistakes.
Do teachers have the same standing as lawyers and doctors?
NO - 89%
Should teachers' pay be comparable to lawyers and doctors?
YES - 76%
Should teachers be concerned to be formally recognised as professionals?
YES - 91%
Is the status of teaching as a profession diminishing?
YES - 72%
Has the General Teaching Council and government made you more professional?
NO - 48%
In general, do teachers have people's trust?
YES - 58%
Are teachers better trained today than decade ago?
YES - 40%.