It seemed like only yesterday when you were an excited fresher, embarking on your university adventure (though, admittedly, those days may seem a little hazy). The years have flown by in a swirl of lectures, essays and presentations, it seemed like you blinked and now it’s nearly time to graduate. Cue panic.
You’re not alone! Many final year students or new graduates aren’t sure where to turn after uni. Internship? Travelling? Postgrad? A job? Whatever you decide, it needs to be what’s right for you!
If you choose to begin your journey into the world of work, you may find yourself faced with a quandary: graduate scheme or graduate job? Creating a CV, writing a covering letter and hunting for jobs can be overwhelming enough, it’s true, but first you have a decision to make.
The fact of the matter is that there are thousands of others in the same boat, just make sure you think about what it is that would work best for you. Just because everyone on your course has applied for a super-competitive graduate scheme with a massive corporation doesn’t mean that you need to do the same. So, what’s the difference between a graduate scheme and a graduate job? All will become clear!
Time to get down to the nitty-gritty.
Graduate Schemes
These seem to be everywhere; you’ve heard all about them at careers fairs, read about them online and all your friends seem to be talking about them. Sometimes it can feel like an official graduate scheme is the only thing on offer to new graduates. But what are they?
Essentially, they are structured training programmes, usually with the aim of working towards a particular role (e.g. within Management, Buying, Marketing, etc.). Schemes can be quite intense and rigid, and you often need to be flexible when it comes to your time and location.
The application process is highly competitive, with very few spots available for hundreds of applicants. Recruitment can be quite lengthy and challenging for some, and usually takes place before the end of the academic year. You normally need to meet set criteria, including a minimum final 2:1 grade.
On a graduate scheme, you will usually get to know different areas of the business while getting hands-on experience and this is done within a set period of time. They’re great for people who like a lot of structure and want to work for a big-name company. The only catch is that, once you complete your training, you aren’t necessarily guaranteed a permanent job or promotion afterward and there will be other graduates to compete with.
Graduate Jobs
The main difference here is that, although you are likely to receive in-depth, comprehensive training, this is your job. There are no hoops to jump through after a year, no boxes to tick and no-one else hedging for your place. Graduate jobs are usually offered by companies who want to take on enthusiastic quick-learners. These companies are willing to invest a lot in the right candidates and will nurture their skills and talent.
While these jobs offer more security, they are also more flexible. Your training and development can be easily tailored to suit you and your goals. Additionally, with a graduate job, you’re more likely to progress quickly in your role.
With regard to the application process, there is a lot less waiting around; Graduate Jobs tend to only be open to those who have already graduated and are available to start work as soon as possible. It’s a great opportunity to hit the ground running, and you don’t necessarily need a 2:1 either!
Each of these graduate opportunities have their pros and cons, what it comes down to is what’s right for you!
Are you looking for a graduate job?
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