ADVICE FOR YOUR CAREER JOURNEY
MNCs, SMEs AND START-UPS: WHAT ARE THEY LIKE? Different types of companies offer different types of work cultures and environments. By knowing the characteristics of each type of company, you will be one step ahead of knowing which fits you best.
Multinational companies (MNCs) MNCs have business operations in multiple countries and tend to boast multiple facilities and assets as a result. They also have a larger workforce, enjoy the economies of scale and possess a greater market share in the industry.
What are the benefits? Prestige and reputation
Bureaucracy
MNCs are often highly reputed in their respective industries, thanks to their strong brand recognition. With preestablished success and strong presence, their long-term survival makes them a favoured option among graduates.
Being such a large organisation, MNCs usually adopt a rigid workflow, and with it, strict standard operating procedures. Certain requests and claims may need to be signed by multiple people up the chain, and can take up a lot of time, which can be frustrating to deal with, even to those in charge!
Global opportunities MNCs, as the name suggests, boasts offices, assets and facilities all over the world. As a result, employees working here may be offered global opportunities, from travelling the globe to relocating to a whole new country. Moreover, you are more likely to meet and interact with people from different backgrounds and cultures.
Mastering your own trade With such a large task force, it allows employees to focus on their own job scopes rather than having to wear multiple hats and deal with cross-functional tasks. As a result, specialisation is something you may find yourself doing in your career path. Should you wish to upgrade yourself, MNCs usually have the resources to provide training workshops and upskilling sessions.
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Factors to consider
SUTD career guide 2022
Fierce competition Naturally, due to the popularity of MNCs, fresh graduates looking to apply may find themselves up against experienced jobseekers as well. As a result, be prepared for an intense, competitive interview process, and ensure that your resume, elevator pitch and selling points will be able to stand out from the crowd. The recruitment process for MNCs can be long as well, and definitely expect more than one round of interview. Assessment centres may be utilised too, so be sure to practise for those as well!
