It seems that the same story is set to continue when it comes to the graduate jobs market. In the context of this difficult economic climate, most companies are trying to restrict their costs and so hiring new recruits is not always at the top of the agenda. However, with increased demand as a result of the London 2012 Olympics, it may be that the situation is changing.
Recently it has emerged that BP is teaming up with the London 2012 Organising Committee (LOCOG) to hire 250 graduates, who will be working for LOCOG in the summer before starting their jobs at BP. Also, there will be up to 100 short-term opportunities working in transport and city operations. At first glance this seems like a very innovative and interesting opportunity for young people.
Indeed, this will be a paid internship, as well as including transport and accommodation costs. This is particularly useful in the current circumstances where costs seem to be ever rising. The experience gained during such a significant event, will also help graduates develop their networking, organisational and project management skills. Since BP focuses on hiring primarily Science and Maths graduates, this is helping graduates join a career in which skills from their degree are more directly used.
However, some of these positions will be short-term and the demand for graduates needs to exist long after the excitement of the Olympics has disappeared. The key to helping graduates is by providing opportunities like graduate training schemes, since after a few years, they will develop a range of transferable skills. BP is one large company but more companies in different industries need to get involved in similar initiatives. As a graduate, you should take any opportunity like this that arises, since the experience will be worthwhile. Also, being associated with a high profile event and company will look good on your CV and give confidence to prospective employers about your abilities.
Overall, this scheme is encouraging in the current climate, but it is an anomaly amidst the current trend of companies being cautious when it comes to hiring new graduates. The key from your perspective is to try new experiences, since that will help you develop considerably. Finally, you never know with these types of opportunities. You might go on a placement at a company, which was not your first preference originally but then enjoy it so much that you end up working in that area for the rest of your career!
Arnab Datta
