Graduate schemes and graduate training
Graduate schemes and graduate training programmes are offered by many large employers. They typically last a year or longer; some extend to 18 months, while others last for two or three 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 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.
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
- deVere graduate programme – trainee wealth advisor role 27 September
- Royal Mail finance graduate programme 26 October
- Lazard financial advisory graduate programme 31 October
- NFU Mutual finance graduate trainee scheme 11 November
Banking and investment graduate schemes and programmes
- Bank of America Merrill Lynch 2019 full-time analyst programme opportunities 25 October
- Citi full-time analyst programme 9 November
- BlackRock analytics and risk 2019 analyst programme 11 November
- Nomura corporate infrastructure (operations) full-time analyst programme 11 November
- Fidelity International equity research graduate programme 2019 11 November
- Deutsche Bank graduate programme 12 November
- MUFG analyst programme UK 25 November
- BNP Paribas London 2019 graduate analyst programme in global markets trading 30 November
- London Stock Exchange Group business graduate programme 23 December
Consulting graduate schemes and programmes
- EY-Parthenon associate programme 31 October
- FTI Consulting economic and financial consulting - graduate consultant scheme 14 November
Consumer goods and FMCG graduate schemes and programmes
- Avara Foods graduate management scheme (production planner role) 21 September
- Bakkavor product development graduate scheme 31 December
- Tesco food graduate scheme 13 January 2019
Civil engineering graduate schemes and programmes
- Costain civil engineering graduate programme 30 November
- nucleargraduates 2019 civil engineering graduate programme 12 December
Engineering graduate schemes and programmes
- DSTL platform systems graduate scheme 12 November
- Mott MacDonald 2019 UK mechanical engineering scheme 18 November
- INEOS 2019 commercial programme, based in locations across Europe 20 November
- E.ON engineering and technical leadership graduate scheme 30 November
- AECOM graduate opportunities in the UK and Ireland 2019 30 November
- BAE Systems chemical engineering graduate scheme 30 November
- Shell graduate programme UK (mechanical static) 21 December
IT and technology graduate schemes and programmes
- Newton Europe graduate digital solutions consultant graduate scheme 30 November
- Goldman Sachs International new analyst programme 2 December
- nucleargraduates cyber security graduate programme 12 December
Management and business graduate schemes and programmes
- McDonald's trainee manager positions open all year
- Enterprise Rent-A-Car graduate management training programme 30 September
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.