True or False: 7 facts about Graduate Schemes
It's that time of year again and graduates and final year
students are getting very excited as it will soon be Graduate
Scheme Season! Although nowadays this is a bit of a misnomer and
graduate schemes are often open all year round with a more fluid
recruitment process rather than seasonal draft style employment.
But before we go any further it'd be useful to make the distinction
between and graduate job and a graduate scheme.
a normal job for a graduate with a permanent
contract and normal career progression.
a crafted programme, designed purposely to
take university leavers and mould them for a position in a company
over a set period.
This week at graduate-jobs.com we launched the 2014-2015
graduate schemes for
, to just name a few and these were the
ones that are just getting started early, over the next coming
weeks expect to see plenty more
appearing on the site and our
social media. But there are several things you need to know about
graduate schemes before you apply, these include things you should
look out for and things to be aware of when signing up.
1. Graduate schemes are just for graduates
This is theoretically true and it is not a graduate scheme
unless one of the requirements of applicants is to have a degree.
However, the misconception that is often believed is that if you
don't get onto a graduate scheme while you are in your third year,
you've missed the boat. Not true. It doesn't matter how long it was
since you graduate, employers are still going to be interested in
you if you fit their bill and sometimes you can be a more
attractive employee with a year or two of work experience under
Verdict: True (ish)
2. Get on a scheme and you're set you up for life
Graduate schemes are only supposed to be a set amount of time.
The large majority of graduate schemers are kept on by the company,
but the company can obviously decide not to keep you on. Graduate
schemes tend to be roughly around two years long and traditionally
provide you with a 6 month stint in each department to learn how
business work and then you pursue that area after you have finished
your rotations, however the company is perfectly within their
rights to not keep you on when the time limit is up.
3. Everyone gets on one, it's the next step
Graduate schemes see to be everyone and they receive a lot of
publicity because companies invest a lot of time, effort and
expense in trying to snap up the brightest and best talent to their
company. However, this is deceptive, graduate schemes actually
account for a small section of the employment of graduates. There
are a handful of employers who take on just over a thousand
, but this is peanuts in comparison to the
amount of graduates from across the country.
4. Graduate schemes can be better for your career
One of the main emphases of graduate schemes is training and
in some cases it can be training for professional qualifications.
For example many schemes at
firms will support successful applicants in gaining their ACA, ACCA
or CIMA qualifications. This is the same with other graduate
schemes depending on their sector. Sometimes, however, graduates
who don't already have these qualifications can find it difficult
to do these for themselves.
5. Graduate schemes pay more
It is often believed that the pay for graduate schemes is
higher than ordinary graduate jobs. However, there has been no
study or research to prove that graduate schemes pay more than
traditional graduate jobs. However, the reason that this
presumption has arisen is because of the fields that graduate
schemes usually are in. Graduate schemes are often in the
professional sectors like
and so on, which are fields that
more often than not pay a lot more than most.
6. Graduate Schemes have long application processes
Graduate scheme application processes tend to be long and
drawn out affairs. Many of the schemes that are currently being
launched will not have start dates until September 2015. Not only
because they are usually aimed at final year students to start once
they've graduated, but also because this allows the graduate
recruitment teams the chance to process and review thousands and
thousands of applications. So when you're applying do remember that
just because you receive an automated response acknowledging your
application and then don't hear anything for weeks or even months
don't think you're out of the game.
7. Graduate schemes are just for the top of the class
Graduate schemes are all very different so deciding this as a
rule is not exactly straightforward. Graduates who are applying for
some of the most competitive schemes out there might struggle at
the first hurdle but this is not because they are not good enough
for the scheme, but you need to appreciate the volume of
applications these graduate schemes receive and that employers
really do have the pick of the bunch. Does this mean you shouldn't
apply? Absolutely not! Get your strongest application together and
spend time on highlighting exactly why you are the best person in
the world for this position.
View all our graduate schemes here:
For more information on graduate schemes and applying for
graduate schemes why don't you read this: