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.
Graduate employers promote their graduate jobs, schemes and training opportunities on targetjobs.co.uk and in sector-focused careers publications like TARGETjobs City & Finance and TARGETjobs Engineering. 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 and financial services and insurance graduate schemes and programmes
- Hymans Robertson LLP graduate trainee consultant roles 27 October
- Smith and Williamson trainee investment manager programme 31 October
- Catlin Group Limited finance and accountancy graduate development programme 3 November
- Lane Clark and Peacock LLP trainee actuary graduate programme 14 November
Consumer goods graduate schemes and programmes
- Associated British Foods customer development graduate scheme 30 November
Engineering graduate schemes and programmes
- ARM graduate engineer roles in design and speciflication 6 October (UK 300 employer)
Investment banking graduate schemes and programmes
- RWE Supply & Trading GmbH graduate programme 14 October
- Bank of America Merrill Lynch analyst and associate programmes 30 October (UK 300 employer)
- Jefferies investment banking 2015 analyst programme 31 October
- Deutsche Bank global analyst training programme 2 November (UK 300 employer)
- Lazard financial advisory analyst programme 3 November
- Macquarie Group Macquarie Capital graduate programme 3 November
- M&G Investments investment graduate scheme 9 November
- Royal Bank of Canada (RBC Capital Markets) 2015 global investment banking analyst programme 9 November
- UBS graduate training programme 9 November (UK 300 employer)
Management and business graduate schemes and programmes
- Enterprise Rent-A-Car (ERAC) management training programme 30 September (UK 300 employer)
Management consultancy graduate schemes and programmes
- McKinsey & Company business analyst roles 30 October (UK 300 employer)
- Corporate Value Associates (CVA) graduate roles 31 October
- Oliver Wyman consultant roles 2 November
- Integration Management Consulting analyst programme 5 November
- Parthenon associate programme 5 November
- L.E.K. Consulting LLP associate training programme 9 November
Marketing, advertising and PR graduate schemes and programmes
- The Phoenix Partnership marketing graduate scheme 30 September
- WPP Fellowship 6 November (UK 300 employer)
Public service, charity and social work graduate schemes and programmes
- Cancer Research UK policy information and communications graduate programme 7 October
Retail graduate schemes and programmes
- Aldi area manager training programme 7 October (UK 300 employer)
Quantity surveying and building surveying graduate schemes and programmes
- Network Rail quantity surveyors scheme 19 September (UK 300 employer)
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. You can find out more about the UK's most popular graduate employers in a range of career sectors from our UK 300 pages.