This summer there will be an influx of young talented Londoners into the Square Mile. For the past three months students from across the City fringe boroughs have been applying to the City of London Business Traineeship programme, for the chance to gain invaluable work experience with a prestigious City employer between finishing A levels and starting university.
This year's first cohort of students visit the Brokerage to complete their registration.
Over 400 students have applied to be a part of the programme, and over the coming weeks they will be taking part in the next, competitive stages of the process. Interviews have begun and placements are starting to be offered, but there are still plenty more exciting opportunities to fill before the traineeships start in July.
Last summer was one of the most successful ever for the programme, with 105 students in total gaining placements, and we hope to replicate this success again in 2012.
Previous work experience is becoming increasingly important in a competitive graduate job market, according to several reports over the past few years, but at the same time it is increasingly hard to find.
The Education and Employers Taskforce said in April that “half of placements are found by young people or by their families using largely existing social networks”, a significant barrier to social mobility. Earlier this year, the High Fliers Research organisation reported that many employers expect would-be recruits to have some kind of work experience, without which they are unlikely to be considered, regardless of their qualifications.
Michael Collins, Laura Shipp and the rest of the Societe Generale team with some of their talented 2011 summer interns.
It’s not just the candidates that benefit. Last year’s CBT Employer of Year award winner, Societe Generale, told us that their twelve summer interns impressed with their “motivation, dedication, professionalism and curiosity... they all quickly became integrated members of their respective teams. The level of praise received from managers has only confirmed that this year’s trainees were of an exceptionally high standard.”
In its twelfth year, the City Business Traineeship Programme is more relevant than ever before. The programme is funded by the City of London Corporation as a key part of its commitment to support the regeneration of its neighbouring communities. The Brokerage Citylink has delivered the scheme on their behalf since 2000.
If you are an employer in the City of London and would be interested in a talented young Londoner joining your organisation this summer, please get in contact with the Programme Manager. As well as summer placements, we are looking for gap year opportunities, workshop hosts and permanent job opportunities to offer through the scheme.
From left: Stephanie Hands (2011 Highly Commended Trainee of the Year), Conor Cassidy (2010 Trainee of the Year) and Gertruda Dargeviciute (2011 Trainee of the Year).
All candidates live or study in one of the City fringe boroughs, attend a state school and have a minimum of B grade or above at GCSE English and Maths. Finally, of course, the candidates have a keen interest in a future career in the business and finance sectors along with enthusiasm, dedication and a fresh perspective.
This year’s cohort are one of our most talented ever, so there’s never been a better time to be involved. Find out more through our website.