Discover the Best 26 UK Graduate Schemes – 2024 Edition

As a final year university student, there are many options open to you once your studies end.

This article tells you what you need to know if you’re looking for a 2024 graduate scheme, including some of the best programmes you can apply to.

The Best UK Graduate Schemes

Below is a list of some popular programmes open to graduates in a range of industries.

Whilst this list is by no means exhaustive, it offers a good basis for exploring the best UK graduate schemes available.

Energy and Utilities Graduate Schemes

Energy and utilities graduate schemes are well-suited for individuals with backgrounds in engineering, environmental science, business, technology and related fields.

Opportunities exist in all areas of the industry, including engineering, trading, operations, project management and marketing.

Graduates with an interest in sustainable practices, innovation and addressing global energy challenges will find these programmes particularly rewarding.

Some of the most popular schemes in energy and utilities are:

• Shell graduate programme
• Centrica graduate programme
• National Grid graduate programme
• BP graduate programme

Finance Graduate Schemes

Finance graduate schemes cater to individuals with backgrounds in finance, accounting, economics and similar disciplines.

These programmes offer diverse opportunities in areas such as investment banking, risk management, financial analysis and corporate finance.

Ideal for graduates interested in financial markets, strategic planning and driving business success, these schemes provide hands-on experience and exposure to various financial functions.

Some notable schemes in this industry include:

• Barclays graduate programme
• HSBC graduate programme
• Bank of England graduate programme
• Santander graduate programme

Healthcare and Management Graduate Schemes

Tailored for individuals with backgrounds in healthcare, management, business and related disciplines, these graduate schemes offer diverse opportunities in healthcare and business operations.

Pathways span healthcare administration, strategic management, project management and healthcare consulting.

Graduates interested in improving healthcare delivery, optimising organisational efficiency and addressing complex challenges in the healthcare sector will find these schemes a good fit.

Popular programmes include:

• NHS England graduate scheme
• Bupa graduate programme

Consulting and Advisory Graduate Schemes

Opportunities within these programmes cover management consulting, strategy advisory, technology consulting and more.

Graduates with a knack for analytical thinking, effective communication and a passion for solving complex business challenges will thrive in these roles.

Common degrees for entering this field include those related to business, management and finance.

Notable UK graduate schemes in this industry are:

• KPMG graduate programme
• EY graduate programme
• PwC graduate programme
• Deloitte graduate programme

Transport Graduate Schemes

Roles within these programmes encompass logistics management, engineering projects, supply chain optimisation and sustainable transportation initiatives.

These schemes are ideal for graduates interested in transport technology and infrastructure, urban planning and environmental sustainability.

If you have a background in engineering, logistics or business, you may find these schemes suit your career goals:

• British Airways graduate programme
• Network Rail graduate programme
• Transport for London graduate programme
• Ryanair graduate programme

IT Graduate Schemes

UK IT graduate schemes offer various areas of specialisation, including software development, network and systems administration, cybersecurity, and data analytics and business intelligence.

If you have a degree in computer science, IT or any of the specialist areas above, you’ll find a pathway to suit your skills and interests.

There are opportunities with various big name employers here, including:

• Microsoft graduate scheme
• Accenture graduate scheme
• Sky graduate scheme
• Capgemini graduate scheme

Retail Graduate Schemes

Retail graduate schemes are an ideal match for those with degrees in marketing, business administration, management, logistics and similar fields.

You can find opportunities in a diverse range of roles, including retail management, merchandising, buying, supply chain, customer experience, operations, ecommerce and much more.

Key programmes in the retail sector include:

• Tesco graduate programme
• Aldi graduate programme
• Morrisons graduate programme
• Ocado graduate programme

What Is a Graduate Scheme?

A graduate scheme is an employment training programme specifically designed for those who have recently finished their undergraduate or postgraduate studies.

Offered by major employers in almost every sector, these schemes help graduates transition from academic life to the professional world, equipping them with the skills and knowledge needed to progress in their chosen field.

The duration of UK graduate schemes varies, but they typically span one to four years. Within this time, participants work on real world projects, receive targeted training and often work on rotation, gaining exposure to different departments within the organisation.

A graduate scheme is a paid placement and will offer you a competitive starting salary for the duration of the programme.

On completion, many UK graduate schemes lead to a permanent job offer.

What Are the Benefits of Joining a Graduate Scheme?

A graduate scheme can offer you a strong start on your chosen career path.

Along with a competitive salary and the prospect of a long-term role, there are several advantages to be gained from taking this route:

• Structured training: You’ll develop a well-rounded skill set through a programme designed to enhance your technical skills, soft skills and industry specific knowledge.
• Mentorship and support: Graduate schemes typically come with mentorship programmes where experienced professionals guide and support you on your journey.
• Professional development: As well as formal training, there’s often the chance to participate in things like workshops and seminars to expand your knowledge.
• Fast track progression: Many graduate schemes lead to more senior roles within a relatively short period, helping you climb the career ladder quickly.
• A strong CV: If your graduate scheme does not lead to permanent employment, you’ll have valuable experience to share in any future job application.

Applying for UK Graduate Training Schemes

Companies with graduate programmes usually have a dedicated career page where you can find information about the streams available and create an account to start the application process.

The process itself involves multiple stages. These vary between companies, but you can reasonably expect to complete the following steps:

Online Application Form

The online application form typically includes sections for personal details, academic history, work experience and a series of competency-based questions.

Complete the application form accurately and provide detailed responses to showcase relevant skills and experiences.

Online Assessments

Many employers use online assessments to evaluate candidates’ cognitive abilities, work styles and sometimes personality traits. These assessments are typically completed at home and are timed.

Depending on the role applied for, you might be asked to complete a combination of the following test types:

• Numerical reasoning test
• Verbal reasoning test
• Logical reasoning test
• Situational judgement test
• Personality assessment

Interviews

Successful applicants will then be invited for one or more interviews. These may be conducted over the phone, via video conferencing or in person.

Prepare for competency-based questions and be ready to provide examples of how you've demonstrated key skills in the past.

Assessment Day

This is a common tool used for selection to a graduate programme. Assessment days involve a series of exercises, group activities and interviews that help employers assess various skills, including teamwork, problem-solving and communication.

Offer and Onboarding

If you’re successful in your graduate scheme application, you’ll receive a job offer and the onboarding process will begin.

This may include additional training, orientation sessions and introductions to the company's culture and values.

When to Apply for a Graduate Scheme

Graduate training scheme applications typically open in the autumn for the following year's intake.

Deadlines vary among companies and industries, so it's important to check the specific timelines for each programme.

Many companies operate on a rolling basis, reviewing applications as they come in, so applying early can be advantageous.

What Are the Alternatives to a Graduate Scheme?

If you don’t feel a graduate scheme is the right option for you, or you’re unsuccessful in securing a place on one, there are a number of other options you can consider:

Taking a Gap Year

Some graduates choose to take a gap year to explore personal interests, travel, volunteer or gain practical experience before committing to a specific career path.

This time can provide a valuable opportunity for personal development.

Applying for a Job Outright

You might choose to apply for jobs directly in your chosen field without going through a formal graduate scheme. This approach allows for more immediate entry into the workforce, though progression may be slower in the long term.

Continuing to Postgraduate Education

Enrolling on postgraduate courses such as master's or PhD programmes is another option. This can deepen expertise in a specific field and open up new career opportunities through enhanced qualifications.

Starting Your Own Business

If you’re entrepreneurially minded, you might look to start your own business. This path requires initiative, creativity and a willingness to take on the challenges of entrepreneurship.

Frequently Asked Questions

Final Thoughts

A graduate scheme is a strong first step towards a successful career.

These programmes give you the chance to explore your chosen field in more depth so you can focus on a specialism that fits well with your skill set, as well as matching your interests to ensure ongoing engagement.

They offer the training you need to progress, a competitive starting salary, and in most cases, fast track advancement to more senior roles.

Remember, though, that competition is tough. Be sure to start early, do your research and prepare for the selection process to secure your place on the 2024 graduate scheme of your choice.