Class Careers & Schroders Workshop Report

Transcription

1 Class Careers & Schroders Workshop Report As per your previous feedback, we have collated some useful information for you and your students: including a full list of FAQS (found at the end of this document). WORKSHOP SUMMARY Number of Schools: 16 Number of Students: 134 Average Chat Time: 26 minutes *per student Number of questions asked (and answered) about Schroders: 900+ Longest Chat: 73 minutes! SCHRODERS TRAINEE PROGRAMME This is a year-long, paid work experience programme for school leavers where you ll gain a great insight and understanding of our business while acquiring skills and knowledge you ll be able to apply throughout your career. If you re a school leaver and not sure if university is your next step, the Schroders one-year trainee programme could be for you. It provides the opportunity to gain valuable experience and quality training through paid, hands-on work. It is designed to set you up for a long-term career in financial services primarily in asset management. With dedicated training from internal and external experts, you ll gain a full understanding of the skills needed to succeed at Schroders, as well as getting the opportunity to further develop those skills. Support with studying for professional qualifications is also provided and, of course, you ll get the chance to build strong relationships with specialists across the firm. Salary? Location? Benefits? Training? Qualifications? Roles still available? 20,000 per annum London (just behind St. Pauls!) A variety of benefits including 25 days holiday, private healthcare and a generous pension plan. Our benefits package also includes cinema and restaurant discounts, free eye tests, discounted gym membership and a season ticket travel loan. On the job training within a specific Schroders department, plus extra mentoring and support. Claritas: This covers the essentials of finance, ethics and investment roles, providing a clear understanding of the global investment industry. Risk, Operations, Data Services, Accounting, Human Resources, IT, Cyber Security, Legal, Compliance, Sales, Marketing, Audit, Treasury and Secretarial. Need more information or have a question? If you, or your students, have any further questions about the programme, you can the team at: trainees@schroders.com

2 FAQS GENERAL How will this chat help me get a job with you? By speaking to us today, you will be able to get more information about the traineeships that are on offer at Schroders and hopefully understand more about how you could develop a career with us. Tell me more about Schroders Schroders is a global asset management firm based in London. We look after money on behalf of retail investors, financial institutions and high net worth clients from around the world. Currently, we manage around billion, and employ people in 37 countries around the world. How many people work for Schroders? Schroders is a global organisation, and there are approximately 3700 employees working for us worldwide. How vital are references? All positions offered are subject to references. This means that you will have to have satisfactory references from two people - usually previous employers or teachers (not family members) before the offer is finalised. When do applications open? Applications are open now and close on 31st May, so not long left to apply! Do you offer graduate schemes? Schroders do offer graduate schemes, yes. If this is something you are interested in, you can find out more here: THE PERSON What grades do I need? Academically, you ll need at least 240 UCAS points (3 Cs at A Level) or equivalent. We also look for skills that are useful in all our business areas - IT skills, planning and process management, verbal and written, numerical and analytical skills. We don t expect you to be strong in them all, so let us know when you apply and we can make sure you join the area that suits your strengths! What skills do I need? We look for people with a variety of skills that could be beneficial to our business areas. These are: IT skills, planning and process management, verbal and written, numerical and analytical skills. We don t expect you to be strong in them all, so let us know when you apply and we can make sure you join the area that suits your strengths! How old do I need to be to apply? To apply for our Trainee Programme, you need to be 17 or above and in Year 13. As we are recruiting at the moment for our August intake, you ll need to have left school by the time you start with us. What qualifications do I need to apply? You ll need at least 240 UCAS points or equivalent. But we don t just look for academic achievements. We want to know that you ve got the skills to match our business - for example, IT skills, planning and process management, verbal, written, numerical and analytical skills. What skills are you looking for from a candidate? We re not looking for you to have loads of experience because you ll be learning loads on the job, but what we are looking for is a skills that match our business requirements, plus an interest in financial services and asset management. If you have done any part time jobs or volunteering whilst at school that will help your application form as you will have developed skills and learned from those. What we are looking for is for you to be able to show how you ve used the skills you ve learned - through school or college, volunteering, or part time jobs - and how you can apply them to working with us. Does it matter what subjects I am studying take? It doesn t matter what subjects you ve studied at school - as long as you re interested in a career in financial services and have demonstrated a passion and an interest for working for Schroders. We ve have trainees working for us now who have done lots of different types of courses - from traditional A-Levels to BTECs.

3 THE PROCESS Have you got any tips that will help me fill out the application form? Absolutely! We want to see your passion and motivation for the role you are applying for. Make sure you have researched Schroders and know why you want to work for us... Being enthusiastic and excited for the position is good to get across too! We also want to see specific examples - so don t forget, if you have done some volunteering, been part of something like School Council, or Duke of Edinburgh at school, that will help your application. Part time jobs are really good to talk about too! What is the recruitment process like? There are a few stages to our recruitment process which allows us - and you - to ensure that you re the right fit for the company, and that we re right for you. You ll apply online by uploading your CV and, if you seem like the right fit, a video interview. If you re successful at each stage you ll be invited to an assessment day and then a face-to-face interview with our Recruitment Manager. All being well, and you accept the job, you ll start with us on 22nd August 2016! How many apprentices do you take on every year? Is it competitive? It is a competitive programme, just because it is such a fantastic opportunity for you and your career going forward. We have around 30 places across various different departments available this year. When will I start? The start date for the 2016 intake is 22nd August this year! Do you offer work experience? Yes, we do. We offer a one year long paid work experience programme. THE PROGRAMME What types of roles are available? There are a number of roles available in different departments. You could join: IT, Legal and Compliance or Operations and Finance. What responsibilities will I have? You ll be doing a real job that adds value to the business so it totally depends which team you join. For example, if you join HR, you could be writing contracts to send out to new starters or helping to teach and train employees. How long is the traineeship? It s a one-year fixed term work experience role, where you ll be paid a salary of 20, % of our trainees stay with us once the traineeship has finished, and the other 25% go on to university. Whichever you decide, the work experience is definitely good for your CV or university applications. Will I have to do exams? Through this programme, you ll gain a Claritas qualification which is an introduction to the financial sector. So yes, you ll have exams but you ll be given time off in order to study for them and you ll come out with a qualification at the end of the year. Where would I be based? We only have one office in the UK and that s in London. We re based just behind St Paul s Cathedral it s really nice! Can I work abroad? You can t be based abroad whilst on this scheme, however, we are an international organisation and so if you have the right skills and motivation, opportunities to travel and work internationally do arise. What happens after the traineeship? Will I be guaranteed a role? We can t guarantee any roles with us after you finish the one-year work placement, however, 75% of our trainees stay with us, and the other 25% go on to university. Whichever you decide, the work experience is definitely good for your CV or university applications. Can I go to university alongside the apprenticeship? The traineeship that we offer is a one year paid work experience, so you could do it in between school and university. It s really good to fill your gap year with!

4 Can I change my job? No, it s not possible to switch departments once you have started with us. THE PRIVILEGES What are the benefits? After the placement, if you stayed with us you would get a salary increase as well as other benefits. You would also get continued development and support to further your careers and complete professional qualifications. London is expensive. Could I afford to live there? Yes, we pay a really good starting salary of 20,000, so you can afford to move to London and live here. Do you help with tuition fees? At the moment, we don t help with tuition fees so you would need to sponsor yourself through university. However, once you ve graduated, having a year of work experience with us will really help your CV and future job prospects! INVESTMENT2020 What is Investment2020? Investment 2020 was set up to introduce diversity into the world of investment management. We work with a 29 investment management firms - including Schroders, J.P. Morgan, Blackrock and Standard Life to offer trainee opportunities to school leavers who wouldn t ordinarily think of investment management as a career. Who do you work with? We have partnered with 29 large UK investment management firms, and are always looking to work with more. You can see our full list of partners on our website here: What does Investment2020 do? An Investment2020 scheme will provide you with at least a year s paid and supported work experience within the investment management industry. You will receive an in depth on the job training programme within a department, as well as extra mentoring and support. At the end of your work experience, you will be strongly places to secure a permanent position on the programme should you decide that you want to pursue a career in investment management. What if I don t want a career in investment management? At the end of the programme you decide that a career in investment management isn t for you - that s fine! You will have a year s worth of work experience which will look fantastic on your CV or personal statement for university. What if I don t get a place on my preferred programme? If you don t get a place on your preferred programme, you can apply to any of the other firms within the Investment2020 partnership. What roles are available in investment management? There are plenty of roles available within the sector. In any company, you could be placed in Operations (transactions, settlements, financial and performance reporting); Investing (research and analysis, buying and selling); Customer Communications (sales, marketing and customer support), Safeguarding (compliance, legal, risk internal audit); HR and business finance; or IT. Tell me more about: Operations The operations division is the cash register of fund management. It is where the customers purchases and sales of funds are processed. Money flows are monitored and accounted for; fund portfolios are valued and the dealing prices recorded; dividends are calculated and paid. Trades made by the portfolio managers are also processed together with any changes in the companies they invest in such as mergers. The operations division may also monitor and measure the performance. Good operations people have a detailed understanding of how the business works. They promote efficiency. Investing The central task of an investment management company is to manage money on behalf of customers. So-called portfolio managers and their teams put companies and governments under the microscope. They analyse the strengths and weaknesses of markets and businesses to find investment opportunities which fit the needs of their customers. They watch their investments carefully, building models to test what might happen and as investors they can also take an active role in them. For this area of the business, a lot of firms prefer to look at graduates or individuals with previous experience.

5 Customer Communications The focus in customer communications is to grow and develop the business by attracting new customers, to look after those already invested and to build on the reputation and image of the whole company. Sales and marketing people and those in customer support interact with customers and the wider public. Staff need to be dynamic, professional and people oriented. The market is very competitive so this is often a large and busy department. Safeguarding Everything that happens in the investment world has to sit within the legal and regulatory rules. The engine that drives the process of checking and advising is powered by the compliance and legal division of the company. The rules exist to protect customer-investors and their money and they make the UK an attractive place to invest. In a growing, increasingly globalised industry. Investment management companies also guard against the risk of any sort of serious failure through sophisticated risk management. HR The job of human resources and finance is to look after the corporate health of the business, helping to secure the structure and keep it stable. The skills and knowledge required for the smooth running of a company in its finance and administration departments have similarities across all industries, but the innovative and global nature of the investment management industry make it a very good place to build your career. IT The information technology systems in an investment management company are vitally important to its success. The people who build and maintain these systems are no longer just in a support function. Our pensions and life savings rest on them which makes the work even more rewarding. The industry is also very fast moving with the constantly changing demands of increased globalisation, new market rules and improvements in technology which have to be met with skill and adaptability.