A graduate scheme is a training programme which provides recent graduates with hands-on practical experience with a company, giving them a head-start into the working world. It involves a very structured training period. You have the potential to take on a few different roles and placements in different areas of the company during your time there.
Starting dates vary from company to company but often the application process for a graduate scheme begins in September of your final year. The start dates then for the successful candidates are usually the following September.
A graduate scheme programme usually lasts one to possibly three years and will involve a series of placements and rotations within the company, giving you the chance to explore which direction you might want to pursue in your future career.
A graduate scheme can serve as a great entry-level position for recent graduates. It can also serve as a valuable experience that will help you decide which career path is right for you. Also, graduate schemes often offer training, personal development and mentorship, so you will benefit from the ability to quickly progress onto higher roles within a company. You also communicate with people at different positions which will help you build a good network and understanding of the roles and responsibilities of others.
Graduate schemes are mostly suitable for graduates. Different companies look for different criteria. Most commonly, companies look for graduates with a 2.1 or higher, but some consider applicants with a 2.2 grade point average given that they are able to back up their skills with extracurricular activities or other valuable experiences.
There are multiple types of graduate schemes, in various different sectors for graduates to choose from. Organisations adjust their programmes to the needs of their graduate and of their organisation. Popular types of graduate schemes are HR graduate schemes, marketing graduate schemes, and finance graduate schemes. We have them all on Magnet.me so check them out.