Multinational companies (MNCs)

MNCs have business operations in at least one country other than their home country, along with several established facilities and assets. They often enjoy a larger workforce, economies of scale, and market share in their industry.

Factors to consider The benefits

Prestige and reputation

MNCs tend to be favourites among graduates due to the prestige of working for a renowned brand. With its long history of success and strong reputation, working for an MNCisknowntohaveapositiveimpactoncareerprospects.

Global opportunities

With established offices around the world, MNCs can offer opportunities for travel, such as regular business trips or even relocating to another country. The company’s diverse culture also means interacting and working with people from all over the globe.

Developing your specialisation

Employees are often able to concentrate on their own job scopes rather than cross-functional tasks, giving them the opportunity to become specialists.

Additionally, MNCs have the resources to provide avenues for professional development, such as training courses and workshops for upskilling.

Bureaucracy

Due to its large organisational size, an MNC’s structure is oftenrigid,andadoptsstrictstandardoperatingprocedures. This can mean a lack of flexibility and many levels of red tape to execute even a small task.

Fierce competition

MNCs are not just popular with fresh graduates, but with experienced job-hunters as well. Additionally, the hiring processcanbeintenseandtime-consuming,ofteninvolving more than just one interview. Assessment centres and various tests are also common elements in an MNC’s hiring process.

Tostandachance,bepreparedwithacompellingresume and cover letter, and brush up on your elevator pitch to set yourself apart during the interview process.