What is a graduate program and how do they work?

A graduate program is just one option on the table for those finishing their tertiary studies.If you’re looking for graduate jobs, it’s worth getting a firm idea of what a formalised graduate program entails before you start your post-study job search. 

Here’s how graduate programs work, including the key benefits and how to join one.

What is a graduate program?

A graduate program is an entry-level job designed specifically for those who have just finished their studies. It is a role that comes with a set time period – usually one to three years – that may be followed by an offer of a full-time permanent position with the company. 

While a graduate program is still a full-time job in its own right, it also includes ongoing training and upskilling as you expand your experience and knowledge. It allows you to put what you learned at university to the test, but in an environment where you are surrounded by experienced professionals, so you can pair it with real-world applications. 

Finally, graduate programs typically involve entry-level wages, but often lead to higher-paid positions. 

What are the benefits of a graduate program?

A graduate program offers young talent a number of benefits as they kick start their career. 

It offers a natural and easy progression from study into a career, where you move into a working position but continue with on-the-job training and mentoring as you gain experience. During this time, graduates will often be given the opportunity to explore different aspects of the job, therefore seeing which part of the industry is a good fit and giving you a clearer idea of what you want to do in the long run.

Career progression is also generally in-built when it comes to graduate roles. After the graduate program is finished, most companies offer more highly sought after roles that would not be available to those who hadn’t just spent a year or more working with the company. This progression is of course met by salary and benefit progressions as well. 

Even if you reach the end of your graduate program and don’t see a future with the same company, it will be a strong addition to your CV that can help you to find a role elsewhere. 

How do I join a graduate program?

Graduate programs are generally aimed at those with bachelor’s degrees or higher, so the first step is to finish your tertiary studies, and ideally, do so with excellent grades. 

While you won’t necessarily need experience in the field to be a successful applicant for a role, it is necessary to have an interest in the industry. Spend some time learning about current industry trends, researching the major brands active in the space and reading relevant news from the past six months. This knowledge will back up your university qualifications with a proven passion for the work. 

It’s always a good idea to speak with your tutors and lecturers about potential graduate programs they know about, or you can explore graduate jobs available with Michael Page. 

Alternatively, submit your CV with Michael Page and we'll be in touch with opportunities  that match your qualifications and career goals.