What Should You Expect on Your Graduate Management Training Scheme?
Managers are employed in a wide range of industries across the globe. In fact, the life of a manager working for a supermarket chain is quite different to a manager working for a construction firm. The duties you have to fulfil may differ depending on where you work. But there are some similarities in the role of a manager such as attending a lot of meetings with internal employees and external customers. In fact, the role of a manager is more of managing the people under him/her.
What Sort of Training Will You Receive as a Manager?
A graduate training scheme may vary depending on the employer. But all schemes should offer the necessary knowledge, skills, and training you require to become a successful manager. The training will usually consist of formal and on-the-job training – some programmes will have a mentoring scheme. In fact, The John Lewis Retail Graduate Management Scheme has the graduates teaming up with a senior mentor as well as a “buddy.” On the other hand, McDonald’s use an in-store 20-week training programme where the trainees learn about skills in HR, finance and leadership areas.
Gaining Qualifications as a Trainee Manager
There are management training programmes that support the trainee through formal and professional qualifications in the process. For example, the NHS Graduate Management Programme has helped the trainees acquire postgraduate certificates in healthcare leadership or specific qualifications depending on the specialism chosen by the trainee such as the CIMA or Chartered Institute of Management Accountants professional qualification for graduates on the financial management training scheme.
Some employers will help the graduates earn a masters in business administration (MBA). But this is only when the employee has a few years of work experience under his/her belt. The employee can follow the MBA full-time or part-time, and it may take from anywhere between ten months to two years. They also provide the option of online or distance learning.
Graduate Managers and Corporate Social Responsibility Projects
There are many graduate training programmes that will help the recruits work on a corporate social responsibility (CSR) project. This gives the trainee a good chance of forming stronger bonds with his/her colleagues and the opportunity to give something back to the community. The John Lewis Partnership Programme focuses on CSR. In fact, it will allow graduates to work on a project with a social enterprise organisation.
The Positive Aspects of Being in Charge
Most graduate schemes will have their graduates working as deputy or assistant managers at first. Progression to the next level can be quick – particularly in the retail sector. In fact, a graduate will be running a department within a few months time as well as their own multimillion pound stores in two to three years time. The starting salaries are generous and may depend on which company you work for. There are also other benefits such as a company car, bonuses for meeting targets, and health insurance.
The Challenges You May Face in Your Graduate Management Programme
Most of the time, this type of job may involve long and unsociable working hours. For example, if you have a project that should be delivered before the deadline, it is your sole responsibility to deliver it on time. If you have good organisational skills, you can easily achieve a better work-life balance in the process. Some training schemes may require relocation. For example, Tesco has recruited people who are flexible about their locations.
You should work and become comfortable with various concepts that you have no prior knowledge of – in case you have not studied business management. You will have to work to keep the stakeholders happy and manage their expectations in the process.
What Happens When Your Graduate Scheme Is Over?
Most schemes come with guaranteed employment at the end of your training. But with other programmes, you should apply for a specific vacancy with the company at the end of your training programme. You will be offered necessary help while you complete the application if you have to apply for a position in the company.