1.Graduate schemes are the most common form of graduate employment.
False – It’s been suggested that around 10% of graduate employment is in graduate schemes. Most are employed in graduate jobs in companies that do not offer graduate schemes.
2. Graduate schemes are a kind of training, rather than a job.
False – although a lot of graduate schemes have some training courses or induction processes, they are jobs – you will have responsibilities and tasks to do in return for the salary you earn, and will be expected to contribute to the company from day one.
3. Getting into a graduate scheme is easy because they take a lot of applicants in one go.
False – although most graduate schemes do take more than one applicant in each recruitment round, the high number of applicants for graduate schemes means that the selection process is very tough. Companies may regularly have over 1000 applicants for their graduate schemes, and will usually select the best through a lengthy recruitment process which may include online reasoning tests, application forms, video interviews and assessment centres.
4. Once you are on a graduate scheme, you are on a career path for life and don’t need to make any more major career decisions.
False – a lot of graduates who start with a company on their graduate scheme will choose to move to another company and/or change jobs within five years of starting their job. Even if you stay within the same company, you will continuously need to make career decisions as to what departments you work in, how much responsibility to take on, and whether you want to apply for promotions.
5. Graduate schemes are only for the private sector.