requirements to qualify for entry. All graduate schemes are paid positions, and although they involve a large amount of training and development, their salaries reflect a full-time job, rather than an internship or unpaid work experience. They will usually attend careers fairs but will also host their own presentations and ‘meet & greets’. The structure of the scheme could vary depending on the employer and industry, but it will usually involve training, mentoring, and hands-on work in different areas of the organisation. If they are not visiting your university they can also be found at the larger regional fairs, open to anyone looking for graduate opportunities. graduate-jobs.com, Buy James Reed's latest book ». Consider if these cons are deal-breakers before you start filling out that fifteen-page application! From today you can include a diversity information to your graduate-jobs.com - it's private. normal working hours e.g. Not only does a graduate scheme work as a great entry-level position for anyone recently out of university, the experience involved will also allow you to figure out what career path is right for you – whilst giving you the essential expertise you need to get there. any graduate training scheme, so employers set minimum 9 September 2020: Graduate schemes and graduate training programmes are offered by many large employers. Due to their often generous salaries and career progression opportunities, graduate schemes are notoriously competitive amongst university leavers. opportunity to study for a professional qualification during They are designed to give you a fuller understanding of the profession and company and help you develop your technical skills, support you during studying for professional qualifications, build your commercial knowledge and soft skills as well as give you opportunities to develop your professional network. accounting (ACCA), or marketing residential training programmes. Graduate schemes usually The programme will usually start with an induction period where you are introduced to the company, the type of customer or clients they deal with and the type of projects they are involved in. You will also be expected to balance working full-time and studying. A graduate scheme is a work-based training programme that allows recent graduates to gain practical experience with a company, giving them a head-start into the world of work. Graduate training schemes can vary in length. Although the steps following your application will vary from scheme to scheme, the high quantity of applicants usually means most graduate scheme processes include an initial phone interview followed by a group interview or an assessment day. Many graduate training scheme positions can be found through our job search function. However, with many organisations requiring grads to submit their applications almost a year in advance of their start date, being ready to apply within the first term of your final year of university is usually a must. You've graduated, congratulations. Companies will usually ask for a 2.1 from your degree and possibly from certain disciplines depending on the scheme, they will also ask for you to have 280-320 UCAS points. Many graduate schemes have been around for years, and are well-known in universities. 1. Study support is often built into these programmes, with staff available to give advice on exams and studying as well as days off to ensure that you pass your professional qualifications. schemes generally last approximately one year, although can Many companies value these events because they give you a chance to build your work relationships across different departments and levels of seniority. graduate-jobs.com, Graduate training programmes often provide the opportunity to study for further professional qualifications through on the job training. For some of you there might be two questions which are at the…. However, many companies may still consider applicants with a 2.2, providing they’re able to back up their skills with other relevant experience and/or qualifications. At this time there can be from 20 to as many as 550 graduates starting (this depends greatly on the size of the company). It’s not all plain sailing and graduate schemes certainly aren’t the best option for everyone. These placements can be across the UK and sometimes abroad. You will be given time to study but also a fairly large amount of responsibility early on, which may be quite daunting. Graduate training programmes have long been popular with banks, insurance companies and financial institutions but they have become increasingly more common with employers across all sectors, particularly the IT and technical spheres. reed.co.uk uses cookies. organisation as a whole by rotating through the business in (CIM). And as with any interview, preparation is the key to standing out. Lloyds are currently recruiting into six separate graduate programmes - Banking and Retail as you…, From today you can include a diversity information to your graduate-jobs.com - it's private. set criteria for example "You will already possess a good However, have no illusions, they are hard work. But it’s not just experience you could gain. Many of the employers who recruit graduates into these schemes can be found on campus. Most organisations will look for graduates who have achieved a 2.1 or above when recruiting for their graduate schemes. graduate training scheme: nouna training scheme set up by a company to encourage graduates to work for them Schemes can take many different formats depending on the employer; but usually allow graduates to experience multiple aspects of both the role and the organisation as a whole by rotating through the business in a series of 'mini-placements'. It will do wonders for your profile. Graduate training schemes can vary in length. This can produce an almost university style atmosphere and a good way to start building those vital professional relationships. Alternative routes are available: PwC for instance, ask for these requirements, but also offer a route for those who can demonstrate through extracurricular activities that they have the skills and characteristics they are seeking. Writing a…. Formal graduate training The Award for the Best Graduate City 2021 goes to... graduate-jobs.com, To make sure you’re clued up on exactly what they entail, here are a few key things you need to know about graduate schemes: A graduate scheme is a work-based training programme that allows recent graduates to gain practical experience with a company, giving them a head-start into the world of work. degree or higher in any discipline.". Graduate schemes usually involve interactions with people from all areas of a business, meaning networking in the right way could also help you to go further in future opportunities. The application process for these schemes can be quite tricky. Remember this process is as much about you deciding whether the company is right for you as the company deciding you are right for them. publications. You’re not alone…. Accountancy graduate training schemes generally last three years, whilst banking schemes tend to last for two and training for patent attorneys can take as long as six years. However, during periods where assignments and exams are coming you may be expected to spend around 20 hours per week on your studies. network of contacts. Graduate schemes in all sectors. Competition can be fierce to get onto them and a lot will be expected of you during the scheme. This can be useful because it can help you decide where you would like to end up, but also provide an overview of how the different departments function together. Often, schemes will involve a number of placements within different departments. world. programme. Why…. The application process may entail an online application initially, followed by interviews, assessment centre sessions and possibly psychometric testing. The British Army is a professional force that helps to resolve crises By continuing you are agreeing to our use of cookies. Accountancy graduate training schemes generally last three years, whilst banking schemes tend to last for two and training for patent attorneys can take as long as six years. But these schemes are well respected and the benefits are manifold. The exact length of a grad scheme will vary from company to company, but they typically last between one and three years. Not sure what a grad scheme is? Being one of the "latest graduate These schemes are predominantly found within the finance, management and engineering industries. If you have started to think about jobs after graduating, you have probably come across many employers who are offering graduate training schemes. This guide explains everything you need to know about graduate schemes, including the biggest perks and, alas, drawbacks of doing them. Graduate schemes (also known as training schemes) offer a whole host of benefits, making them one of the most popular career routes to take after uni. By clicking Submit you agree to the terms and conditions applicable to our service and acknowledge that your personal data will be used in accordance with our privacy policy and you will receive emails and communications about jobs and career related topics. Schemes can take many different formats With just over one in three graduates admitting that they didn’t know grad schemes were even an option, it seems that those not in the know might be missing out. All rights reserved. Many schemes also provide the opportunity to work across several different areas of the business, so you can really discover where your particular skills fit. This may be in addition to a competitive salary and benefits package. Sit down with a pen and paper and write a job advertisement. Because sometimes ‘who you know’ really does help…. Firms with graduate training schemes usually have one intake a year (often two, autumn and spring), with a September start date.