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 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 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. The process of 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 the 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. Ideally, 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 profiles 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
Banking and investment banking graduate schemes and programmes
- Sanctuary Graduates trading graduate programme 31 July
- Morgan Stanley EMEA investment banking associate 31 July
- Morgan Stanley quantitative finance associate 31 July
Consulting graduate schemes and programmes
- AlphaSights graduate associate programme – German speaker Ongoing
- AlphaSights graduate associate programme – French speaker Ongoing
Consumer goods graduate schemes and programmes
- Procter & Gamble life cycle management specialist – regulatory affairs 7 August
- MDS management graduate scheme 31 August
Engineering graduate schemes and programmes
- The Army electrical and mechanical engineering officer 17 July
- Babcock International Group naval architecture graduate programme Ongoing (recruiting for Autumn 2020)
- BAE Systems naval architect graduate programme Open
IT and technology graduate schemes and programmes
- Trilo software engineer 25 July
- Sky automated software testing graduate programme 28 July
- Dorset Software Services graduate applications engineer 31 July
Marketing graduate schemes and programmes
Management and business graduate schemes and programmes
- BAE Systems commercial officer graduate programme Ongoing
- BlackRock summer analyst program – EMEA Open deadline
- Babcock International Group project management graduate programme Ongoing
Property graduate schemes and programmes
- Dexters Estate Agents graduate property consultant Ongoing
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.