(Original post by M1011)
There's also a huge amount of other things that come in to play; the right person for the finance team (Financial Services are what banks do btw) at Capita might not be the same as the right person for a finance team at *insert company*.
I'm not sure how to answer this all myself without making me sound like a ****. So I will start with remember I didn't get it and I really wanted it myself despite all the "experience" I already have.
First off: I am aware what Financial Services. I work in it. And Capita also work in Financial Services. I know because I began my career with Capita in their FS work streams a few years ago. Its thanks to their training I've done really well since I left and why I wanted to go back. Trust me, the other companies for all their glamour are rubbish!
I'm not sure if you received feedback, however, if you said something like that during the assessment process, it would indicate the interviewer your lack of commercial awareness and knowledge of the company. i.e. it wouldn't help your cause.
The assessments are rigorous. And statistically, they have an 80% correlation with performance on the job. HR is a science and your comment / lack of knowledge demonstrates that they probably got the persons they wanted.
(Original post by M1011)
I think you're a little off base here. Ordinarily graduate schemes offer permanent positions, it's very rare for a scheme to cut the intake in half after two years.
I'm quite happy with my statement. Especially if we talk Big 4, or the "Up or Out Matrix" consultancy. Those places churn candidates.
I was part of an FS team that was cut in half by the end of the scheme and saw all of my closest friends leave. One year later, I even helped in the recruitment process for some new teams. They only keep the people they need and have proven they're going to go up / stay committed.
And I've worked for 3 of the world's biggest consultancies and one of this countries biggest banks. I also have older siblings and relatives within many commercial companies. 50% definitely happens on some schemes. I'm not saying this one will be 50%, however I've witnessed and know enough that yes, that is correct.
I still think Capita should give official statements to everyone. Its left a lot of people sour and confused.
Just a thought:
I worked for the world's biggest consultancy on my internship.
Then the Financial Crisis happened.
I graduated during that whole mess and I did really well to get to the JP Morgan Operations Assessment Centre. However they only had 10 spaces that year when normally they said they'd have 60. They didn't even assess 60 that year and I placed just outside number 10.
I was however invited back to the Assessment Centre a year later after re-applying. The HR women were the same and said they were glad to see I re-applied. It was much bigger and they had a lot more spaces. However there was a lot more competition too and I didn't get it. That year, compared to everyone else, I scored lower.
I look back and find it funny. I was good enough one year, but unlucky they didn't have spaces.
The following year, they had spaces, however the competition against me had gotten much better.
Don't be disheartened by life. There's certainly luck to it.
I know I used to feel like "Why is my best, just not good enough?"
(and some of that's simply not being the right 'fit' or cultural background)
I've since gone on and had a good career with Capita and then two of the big four. Right now I enjoy working in banking and I even had the fun of making six figures last year (one off opportunity, but still good).
This was the last opportunity I'll ever have for a scheme like this as I've hit the limit of their considerations since graduating.
In time, everyone finds out they're good enough. One thing I know because I've been around the houses:
every company markets how wonderful they are and their scheme.
Once you move about in an industry a bit, you realise how many people have worked where you have too. And that a job is whatever you want it to be. I know that the most successful people I know, especially the wealthiest are non-grad scheme people and not even top level uni either. I think people who go onto a grad scheme and only know that one place end up with a delusional view of how wonderful their only experience is compared to everyone and everywhere else.
I think Capita train better than anywhere else I have been. However, I've have earned a lot more and been promoted faster by leaving. Heck, tbh, I've earned more than if I had gotten that job at JP Morgan. I know because my cousin was lucky enough to get it later. And in hindsight, knowing what it entails, I've got a better job now because of what I was involved with at Capita (funny how your first job can set you down an unintended career path).
Everywhere can be the right place given the right time and opportunity and finally what you make of it.