At your university, you probably have heard about the Graduate Program and Graduate Job a lot. However, despite the similar name, what are they, and how they are different from each other? Understanding the differences between them might be very helpful for you to know what is more suitable for you while hunting for job opportunities!
1. A structured learning, training, and mentorship program that gives graduates the opportunity to see multiple parts of the business. This is usually called a ‘rotation’ – graduates can then select which part they’re most interested in.
2. Aims to identify and foster future leaders for the organisation. It is a way to fast track these trained graduates into leadership roles within the organisation.
3. It is extremely competitive. Graduate programs attract the most applications per vacancy, but only provide positions to 30% of graduating students each year.
4. The program lasts 12-24 months and most often guarantees a transition into a full-time role after the program is completed.
5. They have a long and rigorous recruitment process, which is not surprising because there are so many applicants to go through. Programs can take months with very formal and automated steps.
1. A specific entry level role that requires a university degree but little to no experience. They don’t have structured training, but still involve training practices used by the company to develop staff.
2. Aims to fill a specific position from day 1.
3. Relatively lower competition compared to graduate programs. The roles get less exposure to and hence less number of job applications.
4. A permanent contract with no fixed terms. But they usually do have probationary periods of 3-6 months.
5. Recruitment process varies but most tend to be up to 50% faster with less steps.
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