Despite the global economic crisis of the last few years, the finance industry remains one of the most sought-after destinations for students after they graduate. Being at the cutting edge of major economic developments, having real responsibility, and healthy remuneration are all things that attract grads to this hugely competitive sector.
Such is the popularity of finance, many graduates find that having a relevant degree simply isn’t enough to secure a job in the industry. Often, an internship or an additional piece of training is essential to landing that coveted role.
Amplify trading provide fantastic opportunities for graduates to embark on a two month course where they will learn the intricacies of working on the trading floor through practical experience and advanced theory. At the end of the course students will be comfortable trading across asset classes in real time with a deep practical understanding of how financial markets are driven by macroeconomic fluctuations and global developments. Many of their trainees go on to work for London’s major investment banks and the Bank of England – their programme is a fantastic way to set you apart from your peers. For more information please watch this short video:
Inspiring Interns have arranged a fantastic opportunity for one graduate to join this course and have the cost of the fees, which amounts to £1,700, completely subsidised. To apply for this please click here and send your CV.
Job-hunting and the application process itself can be very daunting and tiresome after many applications and unsuccessful outcomes. You may think you have done everything right such as getting your CV and covering letter checked, along with doing your research on the company but that is never enough.
To get a job in this current economic climate, you have to work harder, which can seem like a job in itself. You have to stand out by improving your employability.
Here are some ways to make yourself more employable:
1. Gain more work experience by finding other routes into the company or career of your choice. This can show how versatile you are at work and in your CV, particularly when transferring your skills and excelling in a non-related field. There is also a great chance that you may be offered a more permanent position at the company. Work experience through internships are key to employment and building up your work experience can bring you closer to getting your dream job.
i. If you are interested in marketing, the Get Into Marketing website offers various routes to help you discover marketing, improve your employability, grant you access to useful resources, and keep you updated with news and events.
ii. Working for an SME rather than a large company can help you end up with the career you desire. Research conducted by Iconnyx emphasises the potential job opportunities available within SMEs.
iii. Make use of social media. A recent article I read, ‘Land your dream job by developing your social media presence’, is a very helpful guide and definitely worth a read! Stand out from the crowd and use social media to help you become more employable.
2. Further your education by undertaking postgraduate study. It is extremely beneficial in giving you a competitive edge over other job applicants. You could also consider home learning as an alternative.
3. Research the professional body for the career you are interested in and become a member. For example, if you are interested in pursuing a marketing career, the professional body for marketing is The Chartered Institute of Marketing (CIM) and it offers various membership types; so do The Association of Chartered Certified Accountants (ACCA) which is the global body for professional accountants.
4. Practice plenty of online tests and prepare for assessment centres and interviews; this might seem like a given but it is very easy to think you’re ready, become over-confident and mess up.
5. There are many opportunities available to work abroad. Research by the Graduate Barometer shows that 50% of UK graduates are considering working abroad. ‘i-to-i’ offers courses and jobs teaching English as a foreign language (TEFL) in other countries. There are also tips on how to survive abroad with a TEFL job, and advice on the cheapest countries for teaching English.
Follow Remi on Twitter @Remi_S_ and read her blog at http://graduatesintherealworld.wordpress.com/ for more insights and useful resources for graduates and students.
Nearly a quarter of graduates are unemployed in the first year of leaving university according to the latest report from the Office for National Statistics. The majority of those graduates, 16.1% are still unemployed a year later, which leading graduate internship provider Inspiring Interns believes clearly demonstrates the importance of internships that lead into meaningful work.
The ONS report found that the average rate of unemployment among 21-24 year olds with degrees is 13.6%; well above the national average of 8.9%. It is not until two years after graduating that the rate of unemployment amongst graduates drops below 8.9%, suggesting that in the current climate many graduates spent up to two years looking for work and gaining experience before they find a job.
In light of these statistics the importance of internships to gain experience and work towards earning a graduate job becomes even clearer. Inspiring Interns Communications Director Andrew Scherer, who began his working life as an intern for Inspiring Interns and is the author of Brilliant Intern, believes that internships are the ideal model for graduates to develop skills and earn meaningful graduate-level work.
“Recent graduates struggle to compete in the current saturated employment market and as such remain unemployed or find menial work that does not make best use of their education. Opportunities in the form of internships offer a vocational learning experience for them to develop skills, make a valuable contribution that more often than not will lead to a graduate job.”
Since being founded in 2009, London’s leading internship provider has placed over 1,400 graduates into internships with SMEs that have offered real hands-on experience, 65% of whom secured full-time work with their host company.
Have you ever been flicking through a catalogue, browsing online or out window shopping and thought; ‘what a simple idea, I could have come up with that.’ Everyone has million pound ideas, but few act on them, simply because they seem so silly. However, some of the most popular inventions came from the success of a very silly idea that turned into a million pound business
Here are 5 so-called ‘ridiculous’ ideas we came across:
Estimated Profit: $250 million
Ideas person: Richard James
The idea came from a tension spring being dropped and slinking away across the floor. In 1945, naval engineer, James debuted the toy at a Gimbals in Philadelphia. The first 400 sold out within 90 minutes of going on sale.
2. Beanie Babies
Estimated Profit: $3-6 Billion
Ideas person: H Ty Warner
Who knew filling a sack with beans, giving it furry ears, and a cute name could result in a soft toy empire, selling 30,000 at the first toy show in Atlanta. Ty Warner never advertised Beanie Babies or sold them in major chain stores, like Toys-R-Us. This made the toys harder to obtain and thus more desirable. In addition, Ty would retire certain models after the initial stock-run had sold out, making the few that existed prized possessions. Ty’s line of collectibles created the most insane fad frenzy of all time, and he now sits on billions.
Ideas person: Dave Hampton and Caleb Chung
Since the release of Furby in 1998 they have sold over 40 million of these furry interactive pets worldwide. Who ever thought a hairy mumbling Yoda-look-alike with a beak would cause such frenzy?
Estimated Profit: $200 million
Ideas person: Scott Boilen
The idea is as simple as putting on a dressing gown backwards and so ridiculous it isn’t actually patentable. However, through clever and humourous marketing this ‘ridiculous’ idea sold 20 million items in its first year. The Suniggie quickly became a media sensations featured on shows in the US such as; Jay Leno, Whoopie Goldberg and Ellen DeGeneres. This buzz has led to Snuggie pub crawls, YouTube Snuggie mockery clips and a lot of gag gifts.
Estimated Profit: $2 million
Ideas person: Eric Nakagawa (aka Cheezburger) and Kari Unebasami (aka Tofu burger)
Eric and Kari originally wanted to share an image of a chubby cat with an absurd caption with as many people who cared to see it. This one image was followed by a series of other images and captions featuring the tabby and soon fans began to submit their own creations.
Icanhascheezburger.com now receives more than 35 million hits per month and 8,000 daily uploads. In 2007, they sold the site for $2 million to Ben Huh. Ben has created six sister sites, landed a book deal that was a New York Times Best Seller, and the company makes around half a million from book sales alone.
It isn’t about how serious your product is it is about how you sell that product. There is no such thing as a bad idea, it may not be the right idea for the current time or situation, but all ideas mean something and the examples above prove this.
This can also be said about how you present yourself to employers. In any application or interview think about how you want to sell yourself, push your strengths, show them what you have to offer their company and believe in yourself.
Can you think of any other ridiculous ideas that became all the rage?
In advance of tomorrow’s unemployment figures from the Office for National Statistics leading graduate internship provider, Inspiring Interns is calling on the Government to boost support for unemployed graduates. A concerted effort needs to be made to ensure that graduate jobseekers do not bear the brunt of current economic difficulties and long-term structural problems.
With a staggering 28% of the class of 2007 still not in full-time employment (http://www.bbc.co.uk/news/education-14758464) and 50,000 more university leavers entering the job market in 2012 than five years ago, competition for jobs are increasingly fierce.
A recent report by High Fliers Research found that half of the companies they surveyed were unlikely to employ someone without any previous work experience. Recruiters have confirmed that a third of this year’s entry-level positions are expected to be filled by graduates who have already worked for their organisations.
“New graduates who’ve not had any work experience have little hope of landing a well-paid job with a leading employer, irrespective of the academic results they achieve or the university they’ve attended,” said Martin Birchall, managing director of High Fliers Research.
With graduates trapped in this ‘need experience to get a job, need a job to get experience’ vicious circle, it has become vital for them to acquire work experience. Inspiring Interns Communications Director Andrew Scherer, who began his working life as an intern for Inspiring and is the author of Brilliant Intern, believes that internships are the perfect model to get graduates into meaningful work.
“The employment market is currently saturated, not just with those immediately out of university but by people with over a year’s experience under their belt. Graduates are finding that they simply cannot compete in these conditions and as such remain unemployed or find menial work that does not make best use of their education.”
“It is a waste of personal ability and the public investment in their education to place those with degrees into short-term, low-skilled jobs or even onto the dole queue when opportunities exist, in the form of internships, for them to develop skills, make a valuable contribution and earn graduate-level work.”
We call on the Government to expand its Work Experience Programme to ensure that unemployed graduates can undertake meaningful internships that offer an opportunity to progress to a permanent position. In 2011 Inspiring Interns formed a groundbreaking partnership with Job Centre Plus and the Work Experience Programme to help support graduates who want to undertake an internship. Thanks to the partnership, interns are able to receive JSA for a minimum of eight weeks during their internship. When graduates would otherwise be job hunting this scheme permits them to gain invaluable work experience at no additional cost. With this added work experience the likelihood of them getting a permanent graduate role is highly increased.
Since being founded in 2009, London’s leading internship provider has placed over 1,400 graduates into internships with SMEs that have offered real hands-on experience, 65% of whom secured full-time work with their host company. Ex-Inspiring Intern and author of Brilliant Intern, Andrew Scherer argues,
“We know from extensive experience that well-run internships are a solution to the graduate unemployment crisis. It is time for the Government to support them and reverse the worrying trend of joblessness among our university leavers.”
Inspiring Interns welcomes the ACEVO report Youth unemployment: the crisis we cannot afford. It rightly identifies the number of young people currently out of work as ‘one of the greatest challenges facing the country’. The report contains valuable analysis of the landscape that school leavers encounter when their formal education comes to an end and a number of well thought-out solutions to the problems they face.
It is, however, important to note that there is another significant group of young people that have serious difficulties trying to enter the labour market after education: university graduates. There is no mention of graduates in the ACEVO report, despite the fact that research suggests around 28% of the class of 2007 are still not in full-time employment (http://www.bbc.co.uk/news/education-14758464). While it is undoubtedly true that university leavers are better placed to enter the world of work than school leavers, clearly a concerted effort is required to ensure this stratum of jobseekers does not bear the brunt of current economic difficulties and long-term structural problems. Currently, there is no graduate-specific Government provision for unemployed graduates, meaning those that do turn to organisations such as Job Centre Plus rarely receive the tailored support that would enable them to find suitable employment.
Inspiring Interns accepts that the current job market is no place for a misplaced sense of entitlement. Nevertheless it is a patent waste of personal ability and economic capacity to place those with degrees into short-term, low-skilled jobs when opportunities exist, in the form of internships, for them to develop skills and earn graduate-level work. In addition to ACEVO’s recommendations, we call on the Government to expand its Work Experience Programme to ensure that unemployed graduates can undertake meaningful internships that offer a genuine opportunity to progress to a permanent job. Currently many Job Centres are reluctant to refer graduates onto the Work Experience Programme or find them inappropriate positions.
Since being founded in 2009, Inspiring Interns have placed 1,400 graduates into internships with SMEs that have offered real hands-on experience, 65% of which have become permanent jobs. There is undoubtedly appetite among both employers and jobseekers for such opportunities – it is vital that the Government supports both parties and fosters this path to employment.
We are creating an Inspiring clothing range! Some of the clothing will be given to our brand ambassadors to wear around their university campus. We have designed three possible prints for the t-shirts and hoodies and we need your valued opinion to help us pick the best one. Have a look at the three designs below and vote for your favourite.
By voting you will be automatically entered into our prize draw to win the final design. Comment below to vote by leaving your full name and favourite design or vote on our Facebook page. The winner will be announced next week.