Life After Uni: 5 Reasons To Join A Graduate Scheme
As a graduate training provider, we understand that navigating your first steps into the world of work can be tough. Without a doubt, it can be difficult to know which route to take - an apprenticeship? A junior role? Or, perhaps a Graduate Scheme?
Graduate Schemes can be a great option for those entering the workplace for the first time as they often include a mentor figure that you may approach with any problems you face, as well as receiving a higher level of support than a regular junior role. Certainly, they provide a valuable bridge between university and working life.
Historically, graduate training programmes have long been popular with banks, insurance companies and financial institutions. However, in recent years they have become increasingly more common with employers across all sectors, particularly the IT and technical spheres in emerging industries such as AI and FinTech.
Whilst all employment programs will differ slightly, graduate programs are paid, work-based training programs offered to graduates - often straight out of university. Although typically offered by mainly larger employers, some smaller businesses do also offer graduate programs.
Here at Pareto, we thought it would be helpful to collate our top 5 reasons for joining a Graduate Scheme to help you decide if this is the right option for you, post-university.
1. Earn a Competitive Salary
You won’t be stuck making tea!
Many large organisations use graduate schemes to recruit for the long term and develop talent for their future leadership roles. As a result of this, there is a relatively small talent pool to choose from - leading to a battle for talent, meaning that attractive graduate salaries are the norm.
Most graduate programs have competitive above-average starting salaries, along with a range of great benefits. For example, Aldi’s graduate scheme has several perks, with the graduate Area Managers monthly starting salary $8,900 and receiving a fully expensed Audi A4.
2. Stability and Structure
Feel secure in your graduate role.
Stability: Under a graduate scheme, both you and your employer sign a fixed contract - this is usually between one and three years. As a result of this, you’ll benefit from a high level of job security (once you’ve passed your probation period of course!).
Structure: As mentioned, Graduate programs have been around for a long time. This means that it is highly likely that candidates have undertaken the program before you, helping to create a well-structured, supported and efficient program for your personal and professional development.
3. Career Development
Torn between travelling the world and starting a graduate career?
Most graduate programs are run by large organisations, often with global offices, meaning there is also an opportunity to travel and gain experience working in different locations.
And it’s not only travel opportunities available. Graduate schemes often provide:
- The opportunity to study for a professional qualification (normally funded by your employer too)
- The chance to rotate through different departments and gain wider experience eg. different business functions.
4. Security in Numbers
Join as part of a small cohort.
Most graduate schemes take on a handful of prospective graduates in cohorts meaning, you won’t be the only newbie.
Not only is this a great way to network and make new friends, working alongside graduates in the same position creates a supportive, sociable working environment breeding confidence and fresh ideas as you learn from one another.
5. Secure Your Bright Future
“I learned this on my Graduate Scheme!”
A graduate scheme can provide you with a firm foothold in your chosen industry. How? Graduate schemes provide you with opportunities, connections, and access to insider knowledge - unavailable to those not on the scheme. As a result of this, you quickly gain an edge over others looking for a permanent role in the field.
Certainly, having a graduate program at a well-renowned organisation on your CV speaks volumes to future employers. Whatever you choose to do after your graduate scheme ends, your application will definitely stand out.
What Should I Do Next?
As the UK’s largest sales assessment and training provider, our experts have an unmatched wealth of knowledge. We specialise in graduate placements, recently launching a dedicated service line ‘Pareto Innovate’ to meet the growing demands of a digital marketplace.