Graduate schemes and graduate training
Graduate schemes and graduate training programmes are offered by many large employers. They typically last a year, but some extend to 18 months or even two years. It's the defined time frame and structure that normally distinguishes a graduate scheme or programme from the wider class of 'graduate job', which is the catch all term for entry-level roles that require people with graduate level education.
A single employer can run more than one type of training programme within their organisation. For example, investment banks typically run separate streams for their operations, sales and trading, investment banking and technology roles, among others.
Engineering employers can run a management programmes or finance schemes alongside their engineering training. Accountancy and professional services firms will specialise in training graduates in particular areas of work such as tax, audit, assurance or advisory.
How to find a graduate scheme
Graduate employers promote their graduate jobs, schemes and training opportunities on targetjobs.co.uk, in sector-focused careers publications like TARGETjobs City & Finance and TARGETjobs Engineering, and in graduate career directories like the TARGETjobs GET Directory. These publications can be picked up free from most university careers services or departments, or you can download the latest editions on our graduate careers publications page.
Employers offering graduate schemes are very active on campus during the autumn and spring terms.
Employers offering training programmes are also very active on campus during the autumn and spring terms, taking part in graduate recruitment fairs and hosting employer presentations and events. (Graduate recruiters doing the ‘rounds’ of universities to promote their opportunities and meet with candidates has traditionally been called the ‘milkround’.)
Graduate schemes enable new recruits to settle quickly into a professional work environment, receive relevant skills development and get hands on experience, either working in a specific role within an established team, or through working on a number of assignments in different areas of the organisation over the duration of the programme. If an employer has a large graduate intake, it is more than likely that you will have opportunity to network and socialise with your peers.
The golden rule of graduate schemes: apply early, even if the employer has an 'open' or 'ongoing' recruitment process.
You may have opportunities to work overseas or at different locations in the UK, or you may be based in one place. If you would prefer not to travel and you like a regular home life make sure you are aware of how much mobility is expected when you consider careers and employers.
Training in career areas such as engineering, accountancy, human resources, law, construction, management and property is often accredited by a relevant professional association. This type of support will assist you in qualifying to practise professionally.
The majority of training schemes have application deadlines between November and December for programmes starting the following September/October. You need to do your employer research and be ready to apply early during the first term of your final year.
An increasing number of employers have ‘ongoing’ or ‘open’ recruitment processes meaning that, in principle, they take applications year round. Despite this seeming flexibility, you are still advised to apply early. While these recruiters don’t give a hard and fast deadline, they may make offers from the start of the application period and they may close their scheme once they have filled all their vacancies. Some employers do give a specific closing date, but also state that they will close their recruiting process as soon as they have filled their spaces. KPMG is an example of this.
For recruitment success, make sure you’re clued-up on the applications and interview methods used by employers (check out our employer hubs for employers with tips to get hired). Many large graduate employers use online application systems to sort prospective candidates for their schemes and training opportunities. If your application is successful you may then be invited to an assessment centre or interview. Be prepared for psychometric tests – they can crop up in online applications and at interviews and assessments.
Accountancy and financial management graduate schemes and programmes
- Kerry Group finance graduate programme 1 March 2014 (Kerry Group is 300 in The Guardian UK 300)
- Imperial College London graduate finance training scheme 10 March 2014
- TK Maxx finance graduate programme 23 March 2014
Banking and investment graduate schemes and programmes
- RBC Capital Markets (Royal Bank of Canada) global markets analyst programme 9 March
Construction graduate schemes and programmes
- Amey graduate management development programme 3 March (Amey is 251 in The Guardian UK 300)
Consumer goods graduate schemes and programmes
- Associated British Foods – Grocery customer development graduate scheme 7 March
Engineering graduate schemes and programmes
- Raytheon quality engineering graduate leadership development programme 9 March
- Science & Technology Facilities Council (STFC) graduate scheme 12 March (STFC is 92 in The Guardian UK 300)
- Johnson Matthey Plc rotational graduate programme 13 March
- Lloyd's Register marine graduate training scheme 31 March (Lloyd's Register is 189 in The Guardian UK 300)
- AMEC 2014 engineering graduate programme – oil & gas 14 April (AMEC is 182 in The Guardian UK 300)
Hospitality, leisure and travel graduate schemes and programmes
- Merlin Entertainments plc 'Accelerate' graduate programme 2014 (business management) (Merlin Entertainments is 147 in The Guardian UK 300) 11 March
IT and telecoms graduate schemes and programmes
- NetBuilder Ltd entry-level IT consultancy programme 24 March
- Baillie Gifford information systems graduate programme 30 April
Marketing graduate schemes and programmes
- British American Tobacco marketing international management trainee programme 27 March
Public service graduate schemes and programmes
- Civil Service Fast Stream analytical fast streams 7 April (9 in The Guardian UK 300)
Quantity surveying graduate schemes and programmes
- Mott MacDonald 2014 project and cost management graduate scheme 4 March (Mott MacDonald is 93 in The Guardian UK 300)
This is just a selection of what you can apply for on targetjobs.co.uk just now. To find more, go to the graduate job search.