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Varsity Guide to Careers 2010
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Welcome Editor ZING TSJENG Advertising EMMA HARRISON CHARLOTTE WU Sub-editor ANGELA SCARSBROOK Production Assistant HUGO GYE Cover Designer JULIA CAROLYN LICHNOVA Managing Editor MICHAEL DERRINGER
Varsity Publications Ltd Old Examination Hall Free School Lane Cambridge, CB2 3RF Tel: 01223 337575 Fax: 01223 760949 www.varsity.co.uk business@varsity.co.uk Varsity Guide to Careers 2010 is published by Varsity Publications Ltd. ©2010 Varsity Publications Ltd. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical photocopying, recording or otherwise without prior permission of the publisher.
Much as we would like to pretend otherwise, there’s a wild world out there. We all know that the first step to adulthood is getting a job; but for those of us who aren’t yet willing to settle for busking or begging, how to get on to the career ladder? Welcome to the Varsity Guide to Careers 2010, your essential map to the harsh highways of employment. Inside you’ll find advice on the jobs market, internships and living in London, as well as the profiles of 27 top graduate recruiters. So relax, draw up a chair, and let us guide you through the thorny thickets of Real Life.
Printed at Iliffe Print Cambridge — Winship Road, Milton, Cambridge CB24 6PP
BALDERDASH,
gobbledygook. We’re not one of those investment management firms that will bombard you with financial jargon. Quite the opposite in fact, we’ll keep it simple because we want to attract the best graduates from any degree background. What we’d really like to talk about is development. We were one of the first investment management firms awarded the national 'Investors in People' standard. This speaks volumes about the quality of our graduate training programme. Do you understand what we’re saying?
Contents Please, Sir, may I have a job? Moving out to the Big Smoke: A Beginner’s Guide
Are internships worth it? Graduate Profiles
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Company Profiles
16-32
ZING TSJENG Editor
Every law firm has its high points. We have more than most. Being based in the Gherkin gives us some amazing views over London. But those aren’t the only interesting perspectives you’ll find here. We are a leading international firm focusing on complex corporate, restructuring, tax, IP, litigation and counselling matters. And as a true meritocracy we can offer you the opportunity to take on responsibility and prove yourself from the very start of your career. From there, how high you go is entirely up to you. For the best views go to kirkland.com/ukgraduate
KIRKLAND & ELLIS INTERNATIONAL LLP To find out more and to apply please visit bailliegifford.com
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Varsity Guide to Careers 2010
Please, Sir, may I have a job?
Given the current job climate, it might be easy for you succumb to doom and gloom. But just how tough are Oxbridge grads finding it? The news doesn’t look good for graduate prospects: a poll of employers in July revealed that the number of applications for each job vacancy has skyrocketed to nearly 70. The number of available jobs is predicted to fall by nearly seven per cent. “Class of 2010 told to consider flipping burgers or shelf stacking to build skills,” The Guardian curtly advises. Professor David Blanchflower, a leading Labour economist, warns that Britain is at risk of becoming home to a “lost generation,” comprising a population of unemployed university leavers who now number over a million. Whether you’re a first, second, third year or finalist wrapped in the comforting (if slightly claustrophobic) Cambridge bubble, it’s been hard to miss the general doom and gloom in the media over job prospects. As graduation fast approaches for some of us, Varsity speaks to some Cambridge alumni who have graduated in the years before to find out just how bleak it is out in the big bad world. “I still know lots of people who have made it onto graduate schemes,” said Lucy, who graduated with a degree in English, “but opportunities seem a bit thin on the ground if you don’t want to be a management consultant or a banker.” Lucy graduated in 2009 with a II:1, but has found problems
getting hired as a journalist – she’s gone back to the drawing board (read: higher education) to study an MA in Creative Writing, hoping that will give her the edge over her competitors. Sure, sectors that have traditionally welcomed Oxbridge graduates are still riding strong: professional service firms like KPMG for example, are continue to run extensive graduate recruitment schemes. Then again, the sheer numerical odds are always stacked against successfully qualifying
“I still know lots of people who have made it onto graduate schemes” for a much-coveted place. For every successful grad that gets to work for BNP Paribas, there’s another who has had to apply to hundreds of different firms just to get to the interview process. “I applied for about 40 graduate schemes,” says Jessica, an economist from Emmanuel who
Varsity Guide to Careers 2010
graduated in 2010. “And I was eventually only interviewed for two.” She’s since found a graduate position with the Bank of England. Other sectors are adjusting their schemes to suit post-recession Britain: some firms have scaled down their schemes and cut down the number of places available. Some have cancelled their graduate recruitment schemes completely, albeit temporarily. The Civil Service, the traditional destination for many an Oxbridge grad, has stopped hiring graduates entirely and has not yet announced when this will change (though there are a few exceptions, such as the graduate fast stream). Promisingly, however, communications giant BT, which was one of the first companies to close its recruitment scheme when the recession hit, has just announced that it would re-commence hiring graduates for a 2011 intake. So just how bad are things out there? The answer, we suspect, is this: bad, but not that bad if you’re from Oxbridge. For better or worse, the professional world is still dominated by Oxbridge alumni. It doesn’t just happen in the banking industry or in law – it happens in almost every sector of the professional world, from politics to the media. The Sutton Trust has calculated that 81% of the judiciary, 82% of all barristers, 69% of Ministers, and 45% of leading journalists attended Oxbridge. When Carole Cadwalladr investigated the results for The Guardian, she emailed Jeremy Paxman on the issue. His response: “God, this is a boring subject, isn’t it?” Even luvvies aren’t immune: in February, theatre critic Lyn Gardner bemoaned the fact that the British theatre establishment is chock-full of Oxbridge types, from Dominic Dromgoole to Rupert Goold. People throw up a variety of reasons when it comes to explaining the phenomenon. Some argue that attending Oxbridge is like being granted access to Britain’s most exclusive university-based society: the connections you make here will stand you in good stead for clambering up the greasy pole of employment. It used to be a cigar smoke-filled room of public schoolboys exchanging secret handshakes, but now it’s something subtler: the internship you get because your DoS knows somebody in Washington DC; the leg-up from a colleague who was a few years above you at College. Others say that going to Oxbridge lends one several distinct advantages above other would-be job candidates. The Oxbridge academic environment,
which is sometimes held to be more challenging than any other British university environment, may contribute to the ability of Oxbridge graduates to cope well in the high-pressured world of work. Ruth, a Magdalene student now working as a paralegal, said, “In some ways, I feel like being at Cambridge was much more stressful. I’d have to stay up through the night at least once a week to get through some reading or a supervision essay. At least when I’m working, I can just clock off once I leave the office.” Sometimes, even just being at Cambridge can force a rather dramatic change of perspective: the most bone-idle student would find it difficult not to feel compelled to aim for success when surrounded by the history and triumph of old alumni. Even the very act of getting into Cambridge seems to prove something about the kind of person you are: hardworking, intelligent, academic. None of this may necessarily be true – you probably know of several people who don’t fit the bill
“For better or worse, the professional world is still dominated by Oxbridge alumni” – but the implication is there nonetheless. All this is well and good, but still daunting for the average Cambridge student out for a job. It’s hard to identify yourself as having anything in common with people like Sam Mendes or Nick Clegg, besides the off-chance that you might have once walked down the same corridor in your Faculty. But the fact remains that an Oxbridge degree is still something that makes employers sit up and take notice. You’d be pretty foolish not to acknowledge that however bad the situation may seem out there, you’ve still got a solid advantage over the rest of your competitors just because you went to Cambridge. According to a report published in July by the Higher Education Statistics Authority, 95.2% of Cambridge graduates from the 2008/2009 cohort have all found full time employment. The class of 2011 doesn’t need to resort to flipping burgers just yet.
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Varsity Guide to Careers 2010
Moving out to the Big Smoke: A Beginner’s Guide Everybody’s full of fancy ideas before graduating. “I’m going to move to Paris and learn French,” said one of my friends. “No, Berlin is where you want to go, Paris is too bourgeois,” sniffed another. You’ve probably entertained a notion of setting up in New York in some très chic Brooklyn loft, entertaining 21st-century versions of Andy Warhol and the Velvet Underground (all of them). Well, forget it. If you’re anything like the majority of my friends – class of 2010, woo! – you’ll end up in London looking for a job. Its proximity to Cambridge, the abundance of London-born Cambridge students who migrate back to their hometown come graduation, the fact that it’s still the epicentre of financial and cultural Britain... There’s no accepted explanation as to why so many Cambridge students wind up in the Big Smoke. They just do. So here’s the Varsity guide to living it large (and by large, we mean cheap) in London.
Varsity Guide to Careers 2010
ACCOMMODATION
HOUSEHOLD UTILITIES
> Renting out a place in London solo is a quick way to burn through your finances, so flatsharing is still the way to go. Don’t expect to pay anything less than a hundred a week for renting a flat with your friends, especially if you’re living near the city centre. Negotiate tiered prices based on room sizes; the person with the smallest room should have to pay the least. Check out this handy guide to property rental, specifically tailored towards students: tinyurl.com/2u9ru3s
> Now that you’re away from Hall and your parents, you’re actually going to have to fend for yourself at mealtime. One of the first things you realise is that buying food for yourself is actually pretty expensive, so wasting food is a no-no. Websites like Supercook will let you search for recipes based on what’s left in your fridge, while StillTasty will let you know just how long you can let that can of Sainsbury’s Basics baked beans fester. A tip: most mould won’t actually kill you, but it will taste nasty. Same with rancid milk or yoghurt. Black mould, on the other hand, is what does kill you – if you see it in your fridge, throw everything out and bleach the shelves of your fridge. supercook.com, stilltasty.com
> Don’t be afraid to live away from Zone 1 or 2 – the cost of living goes down the further away you are from central London, and public transport system in London is generally reliable and wellconnected. Check out the London Rents Map – an ever-expanding map that shows the average cost of renting a property across the city: www.london. gov.uk/rents > If you’re more adventurous, there are plenty of unconventional ways to find a place to stay. Property guardian firms like Camelot will place you in disused properties like churches and houses for a minimum rental fee, complete with utilities. All you need to do is make sure you keep squatters out. The only caveat: in most cases, you’re only guaranteed a place to live for up to six or eight months. uk.cameloteurope.com, adhoc.eu, ambikaproperty.com > As far as the Internet goes, Gumtree is still the best place to look for flatshares (Craigslist UK, perhaps due to the reputation of its American counterpart as a trolling spot for online prostitution, has never really taken off here). It lets you browse by location and has a handy search function that allows you to put in the minimum and maximum price you’d be willing to pay for rent. gumtree.co.uk
> Buying seasonal food always works out cheaper, so resist the urge to reach for those strawberries in December. Eat The Seasons is a handy website that lets you know which foods are in season. www.eattheseasons.co.uk > We know it’s tempting, but you really don’t need to buy Cillit Bang just to clean your house. Ordinary cupboard staples, like white vinegar, work surprisingly well – it’ll get water marks off shower screens and de-crust taps (wrap a piece of vinegar-soaked cotton and leave overnight). tinyurl.com/35hkz8q > Don’t bother getting potted plants. Instead, invest in growing your own herbs. Basil and rosemary are good ones to start with, and homegrown herbs always taste better than storebought or freeze-dried ones. > The good thing about being environmentally friendly is that it sometimes helps you save money. Install a low-flow showerhead in the bathroom; place a bottle of water in the toilet tank to cut down on water use; wrap your hot water heater in a blanket for insulation. For loweffort environmentalism, just buy low-energy and energy-saving light bulbs. You can usually cut down on 80% of the energy consumed by normal bulbs.
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Varsity Guide to Careers 2010
LIVING
TRANSPORT
> You’ve moved in and now you’re faced with making your flat actually livable. Jazz up your Ikea furniture with the help of some intrepid DIY bloggers like Ikea Hacker. ikeahacker.blogspot.com, younghouselove.com
> If you’re friends with any students in London, you’ll know that they get a third off all public transport. This discount is only meant to be available for students based in London, but guess what – you can get it too, if you have a National Rail youth pass. Just ask for your Oyster card to be converted to the youth pass and show your rail pass at any Tube station office. Voila.
> Go to car boot sales and charity shops to get any other decorative finishing touches. Battersea Car Boot Sale is one of the biggest in London, and you can find all the home décor junk your heart can desire, from 1920s Cambridge College portraits to antique candlesticks. carbootcalendar. com > The seriously tight-fisted can pick up free furniture around London via sites like Gumtree and Freecycle. Other people discard furniture all the time – all you need to do is provide some form of pick-up. gumtree.co.uk, freeycle.co.uk
> Bring your bike to London – thanks to Boris, it’s never been easier to ride a bike around the city. Transport for London will even mail you bike maps of your neighbourhood to help you navigate your way around, while online route planners help take the guesswork out of travel. Just remember your bike lights and your helmet. tinyurl.com/r3brc4
> If you’re stuck between jobs and need some spare cash, you can sign up to one of the many Oxbridge tutoring agencies. You can also advertise yourself around your neighbourhood: flyering the local supermarket is a good start. oxbridgettutoring.co.uk, enjoyeducation.co.uk, oxbridgtetutor.com
The seriously tightfisted can pick up free furniture around London using sites like Gumtree and Freecycle GOING OUT > The good news about living in London is that you never need to listen to Cindies cheese again (unless you want to). The bad news is, you’ll probably need to pay slightly more than a fiver for it. Time Out is still the undisputed king of club listings, but savvier Londoners head to more niche and budget-friendly sites to find a bargain night out. londonist.com, run-riot.com, london. lecool.com > London’s musuems and art galleries are usually free, but what should you do there’s an Gauguin exhibition on and you need to get tickets? Membership to galleries like the Tate is only £52 a year, and that will get you past all the queues.
> There are lots of places in London to get a bike, from trendy fixed-gear shops to Dutch town bicycles boutiques. These are all incredibly expensive and you shouldn’t bother, since bike theft in London is rampant. There are some good licenced second-hand bike shops around the capital (some are listed here). If you want to go down the morally dubious route, you can buy a bike from one of the street bike salesmen that hit Brick Lane every weekend. Just don’t be surprised if your new bike turns out to be stolen goods. Camden Cycles 251 Eversholt Street, NW1 1BA Recycling @ Elephant & Castle 110 Elephant Road, SE17 1LB Smith Bros 14 Church Road, SW19 5DL ©
Find out where we could take you? Come to our University Presentation to find out about a rewarding career in our Audit, Tax, Consulting and Corporate Finance service lines. Meet our staff and find out what life is like in one of the UK’s leading professional services firms from those that know and have been in your shoes. Event: Date: Location: Time:
2011 Careers Presentation – Cambridge 18th October 2010 Orchard Suite, Crown Plaza, Downing Street, Cambridge CB2 3DT 6.30pm to 8.30pm
To attend, register on www.deloitte.co.uk/graduates/eventsuk It’s your future. How far will you take it?
© 2010 Deloitte LLP. Deloitte LLP is an equal opportunities employer.
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Are internships worth it? Give me your tired, poor mass of interns yearning to be free, give me your filing, your demands for tea and coffee, give me your menial administrative tasks... Everybody’s got at least one internship horror story. Varsity talks to ex-intern Becky Heath, founder of Internocracy, who now campaigns for better (and fairer) internships. 1. Why did you set up Internocracy? We (myself and co-founder and co-ex-intern Dom Potter) set up Internocracy as we’d both had different experiences of being interns. I had done two paid internships, one in London and one in Brussels, and Dom had done three unpaid internships. We got chatting to friends about how variable the internship experience is, and decided to set up firstly as a social network, connecting interns in London. We did some research with our interns’ network and found that 83.5% would trust word of mouth or an independent quality mark to help them identify a top internship; after this we decided to set up as a social enterprise and really work towards changing the culture of internships in the UK. 2. What are your main concerns with internships? How is Internocracy working to solve these issues? The two main issues we’ve identified with internships are the accessibility and the quality of the internships. We’ve found that some organisations offer really inspiring internships, but because they’re only in London, or unpaid, only a certain type of person can afford to access the opportunity. This is unfortunately especially prevelant in the charity, arts and political sectors. The second issue, quality, is something that we have found really matters to young people having their first experience of work. Some unscrupulous employers take on interns as cheap labour, and rather than the internship being a mutually beneficial learning experience – for both intern and employer – the intern is exploited or is asked to do tedious work that won’t add to their abilities.
Internocracy has established the first youth-led quality mark for internships, to help interns identify a great experience from an exploitative one. The I.SIP (Internocracy Star Internship Programme) looks at the experience from the interns’ point of view, and allows them to feed back anonymously to an independent organisation. We’re also continuing our intern socials every month, and are working with regional organisations to ensure more quality internship opportunities are offered throughout the UK not just London. 3. How common is it for young people to be exploited in internships? Sadly, it’s fairly common. However, exploitation in our eyes covers a number of situations - there is the situation where the intern is not getting paid and is expecting to work a set number of hours and undertake certain responsibilities. This is illegal if the intern is working for a profitmaking organisation (i.e. not a charity). There is also the scenario where the intern is being paid but is exploited in other ways; for instance, I knew an intern who was given a BlackBerry by her employer and was effectively expected to be on-call 24 hours a day, 7 days a week. She was only getting National Minimum Wage, but it was still an exploitative situation. Unscrupulous employers tend to capitalise on the fact that interns want to gain as much experience as possible, and are often unaware of their rights. 4. How do you think the Government and employers should tackle the exploitation of interns? With the release of Alan Milburn’s report on fair access to the professions, we saw a real opportu-
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Join in, stand out, Teach First.
Registered charity no:1098294
Question: A class in a challenging school has 32 pupils. 13 of them are eligible for free school meals. How many of them will go on to attend university? Answer: Just 2. Is that ok with you? It’s not with us – and we’re doing something about it. Over 2,500 outstanding graduates – people like you – have joined us and become exceptional teachers and leaders, and transformed the life chances of young people in challenging schools. Now it’s your turn.
www.teachfirst.org.uk
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Varsity Guide to Careers 2010 nity for the government to utilise internships as a way to address the social mobility challenges. One thing we’re keen on is seeing more good-quality, regional opportunities for the many graduates who can’t afford to live in London and have no family connections. Enforcing pay in internships is another area we’d like the Government to address; however, this first has to happen in the House of Commons before anywhere else, and with the everchanging IPSA guidelines it’s not looking hopeful. I really believe that business is the one area which can really have a good impact on changing exploitation in internships. The larger employers recognise the value of running a good-quality internship and bringing a variety of people into their organisations. The business case for great, paid internships is that the employer gains far more from treating an intern like a member of staff than as an unpaid ‘volunteer’. 5. What rights do young people have as interns? The word ‘intern’ is not mentioned at all in any legislation, meaning that the concept of an internship can cover a number of different scenarios. There are ways to distinguish, however, whether or not you should be paid under National Minimum Wage legislation. Interns can report their employer to the HMRC National Minimum Wage helpline if they think they should be paying them. Looking on the TUC’s website www.rightsforinterns.org.uk can also help.
I knew an intern who was given a Blackberry by her employer and was effectively expected to be on-call 24 hours a day 6. How can they best protect their interests and rights as interns? Young people can best protect their interests and rights as interns by being as upfront as possible with their employer about what they will happily do and what expenses they expect. This is not always easy and often is incredibly challenging for someone who is relying on an internship for their reference or perhaps a job.
7. What’s the best way for interns to raise their concerns with their companies about being exploited? Should they contact a union or speak to their supervisor? If they can, interns should speak to their employer or a colleague they trust. Often it is the case that the employer is simply unaware of the situation, and does not realise the serious impact it is having on the intern. If this is not possible, the intern can speak to a union and of course they can contact Internocracy. If they think the employer should be paying them NMW, they can contact the HMRC helpline, or ask someone to do it for them. 8. Do you think that the system of internships tends to favour economically well-off, Londonbased students who can afford to live and work for free? As there is no defined system of internships, it is often difficult for young people to navigate unless they have help from family, or are familiar with how internships work. This means that often people with parents in professional positions, or who are well-off enough to live in London and work for free get to do the internships.
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9. Are internships still worth doing? Internships are a brilliant way to gain skills and confidence in the workplace, but for them to be really beneficial they should be regulated and available to everyone, whatever their background. 10. Do you agree with the idea that internships have replaced entry-level jobs? During the recession, we have seen many employers offering internships which should normally have been done by a graduate employed on a permanent basis. Unfortunately this, combined with the rise in popularity of internships, has meant that when they are advertising entry-level jobs, employers are now asking for up to a year’s worth of experience in certain industries. It’s the classic experience conundrum that doing an internship will help to solve. 11. What’s your advice to anybody embarking on an internship? The most important thing is to learn as much as you can and to not be afraid to ask if there’s an opportunity you’d like to take advantage of – employers are always on the lookout for bright and engaged people in the workplace, and making yourself indespensible is one way to demonstrate this – and add to your CV in the meantime.
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No bull. Straight talking from KPMG. Graduate Programmes All degree disciplines We close for applications once we are full. To secure a place at KPMG, be sure to apply early. To find out more head straight to:
www.kpmg.co.uk/careers
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Varsity Guide to Careers 2010 Grad profile
Richard Browne history, Selwyn 2006, Working for Deloitte
How did you start working for Deloitte?
I did gap year scheme there after seeing an advert for it in the Sunday Times! I worked there throughout university, and started as a graduate in August 2009. What was the recruitment process like?
It was different for me as I’d done a gap year scheme, but it usually comprises an application form, psychometric tests, a phone interview, a face-to-face interview and a final assessment day. However having essentially done that during my application to my initial scheme all I had was an interview with a partner to make the step to full time employment. Can you describe exactly what you do for the company? What are your day-to-day responsibilities at Deloitte?
I’m currently on Secondment at LOCOG (the London Organising Comittee for the Olympic & Paralympic Games), which is a bit different from your average project. Projects are so varied it’s impossible to say there’s a day-today routine. It’s always interest-
ing and varied with the general theme of helping organisations improve their business processes. Beyond that, it’s hard to say! What are the hours like?
Again, it depends on the project. It’s probably fairest to say it’s more of an 8-6 job than 9-5, though.
What kind of work can people expect to be doing in their first year at Deloitte?
Do you find that a Cambridge education gave you any kind of advantage or disadvantage in your line of work?
Again I’m going to wimp out of the question and say don’t expect anything specific, apart from it being varied and challenging yet engaging!
Obviously people look at Cambridge as being good, and it helps you get so far, but everyone at Deloite has been to good unis. At the end of the day how good you are at the actual job is what really gets you noticed. Where do you see yourself in a few years with the company?
I’m on this secondment at LOCOG until September 2012 so we’ll have to see after that really. What do you enjoy most about your work with Deloitte?
The opportunity to experience all kinds of different projects. The level of responsibility placed in you from an early stage.
Destinations of Cambridge Graduates by industry (2008-9): 37.5% 11% 8.7% 8.5% 6.7% 27.6%
Further education Health Teaching Banking Public service Other
How much guidance is given to you when it came to starting out?
Plenty – you’re given a buddy upon joining and a higher grade counsellor to help guide you through your career among other things. Can you describe Deloitte’s ideal employee?
No. There isn’t one. Obviously you have to meet the competencies on the website, but there’s such a mix of different people with different styles from different backgrounds that its hard to say that there’s a model employee.
Varsity Guide to Careers 2010 Grad profile
Toby Kirk Maths & Computer Science, Emmanuel 2000, Working for EnSOFT
How did you start working for Ensoft?
I realised that the start of my 4th year at university saw the end of my student days looming, and so I actually needed to take a look at all those careers emails I had been filtering away. Ensoft were doing a presentation in Cambridge so I went along – for the free food if nothing else! The work sounded interesting, the starting salary was good and the application process was as simple as emailing my CV. I’ve now been working here for six years. What’s the recruitment process like?
As easy as claimed! I just sent off my CV and was invited for an interview the following week. This consisted of a couple of interviews and an aptitude test – a total of around two hours. I was offered a job within a couple of weeks. Can you describe exactly what you do for the company?
I’m a ‘second line’ software development manager. I have responsibility for a number of teams working on different projects, writing the software that runs as part of the operating system on Cisco’s high-end routers. Day to day the work is quite variable. As we work through projects, this can include learning about a new technology, discussing solutions with other teams across the world and within Ensoft, writing technical documents, discussing design decisions, checking the status of people’s work, and planning for future projects.
What are the hours like?
I tend to work around 9.30-7 with a break for lunch (and maybe a game of table tennis). Hours are fairly flexible – the onus is on what you achieve each week rather than what time you clock out. Do you find that a Cambridge education gave you any kind of advantage or disadvantage in your line of work?
The work we do on high-end routers largely boils down to providing elegant solutions to difficult problems. The strong analytical and problem solving skills developed by my degree at Cambridge has stood me in good stead for this. Where do you see yourself in a few years with the company?
The work with Cisco is always evolving, with new technologies needed to solve new networking problems. In a few years I expect to be helping to solve the problems caused by whatever follows the iPhone or iPlayer in shaping what networks need to handle. What do you enjoy most about your work with Ensoft?
The work is varied and demanding – it keeps me interested and I’m never trying to while away the hours. The company atmosphere and culture is also great – there’s an informal office environment and plenty going on socially. What kind of work can people expect to be doing in their first year at Ensoft?
We expect to get new graduates working on production code and contributing as part of a development team in under a month. This typically means being assigned a module of code to write and test. At the same time, the close team structure includes a mentor for new graduates, which means there is plenty of support. What kind of guidance is given to you when it came to developing your career goals?
I have a weekly status meeting and a formal appraisal once a year to cover my performance and to discuss my goals. In general, I have been given opportunities to take on more responsibility and achieve career goals as soon as I have proven myself able to. Can you describe Ensoft’s ideal employee?
We look for people who work hard and take pride in their work, and that should be backed up by a strong academic record. Some experience is useful, though not essential, and it’s great to find recent graduates who have developed applications or run computer systems. Lastly, the ideal employee fits in socially. It’s really important that new graduates can interact well within teams at Ensoft, and as importantly, that they can work well with our customers.
Graduation rates have risen in past years: Whilst only 24% of the population aged 55-64 has a degree, amongst 25-34 year-olds the rate is 37%. (2009)
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Varsity Guide to Careers 2010 Grad profile
Nehali Shah law, gonville & caius 2006, Working for one essex court
How did you start working for One Essex Court?
After doing mini-pupillages at various sets and some vacations schemes, I decided to accept my offer of pupillage at One Essex Court. I completed my pupillage in 2009, and have been a tenant since. What was the recruitment process like?
Chambers is part of the Pupillage Portal scheme. Every application is considered by at least three members of the committee. There is only one interview for pupillage at One Essex Court. Before the interview, candidates are given a legal problem to consider for 90 minutes, and a copy of Chitty on Contracts. The interview itself consists of discussion of the legal problem (to which there is no right answer or need to cite case law) and a brief chat. Can you describe exactly what you do for the company?
I’m one of the ‘baby juniors’ in Chambers. In my first year of tenancy, I have done a huge variety of work, from my own small hearings to advising and appearing at trials on behalf of major banks and energy companies. In large part, the common theme is the law of contract. It’s the variety of clients, disputes and work that’s so exciting about the Bar. What are the hours like?
Pupils aren’t expected to work very long hours, and (unless there is a particularly urgent deadline) are given plenty of time to complete the tasks given. The working hours of tenants vary depending
on style and workload: there are a number of barristers that regularly leave at 6 pm. Others work consistently long hours. Do you find that an Oxbridge education gave you any kind of advantage or disadvantage in your line of work?
The rigorous and disciplined thinking encouraged by an Oxbridge education is an asset at the Bar, and I wouldn’t say that there is any disadvantage in such a background. However, an Oxbridge education is by no means a prerequisite – Chambers is a real meritocracy. Where do you see yourself in a few years with the company?
Still in the magnificent new room in Chambers that I recently moved into, and continuing to have a varied and interesting practice, and to enjoy working with the exceptional individuals around me. What do you enjoy most about your work?
The quality and responsibilities of the work from the very start of a career at the commercial bar are pretty unrivalled. As soon as your tenancy begins, you’ll be advising major companies and institutions, and will be instructed for your judgment and legal skills. What kind of work can people expect to be doing in their first year?
The majority of the work undertaken by One Essex Court pupils is assisting their pupilmasters with their current cases. That will encompass drafting pleadings
and skeleton arguments, legal research and attending court hearings and trials. Pupils are treated very much as part of the team (almost all of your work will be used in some way). During your second six, the clerks will also send you out on your own hearings, which is excellent and necessary preparation for what is to come. How much guidance is given to you when it came to developing your career goals?
You’re given a lot of feedback and guidance during pupillage. At 6 months, you will be given an indication of whether or not you are likely to be kept on as a tenant. Chambers has an outstanding record at keeping pupils on. Once you’re a tenant, a great deal of guidance is available from more senior members of Chambers, including regular discussions with your clerks (including focused practice review meetings). What kind of person is One Essex Court looking for?
A variety of different styles and strengths flourish in different ways at the commercial bar, so it’s not really possible to describe One Essex Court’s ‘ideal barrister’. A few prerequisites, though, are intellectual ability, commercial awareness, presentational skills and the ability to work well as part of a team and to lead strategy on cases.
If you have ever dreamt that life would just be so much easier at another university consider this: Students attending Imperial College London, Oxford and Cambridge have twice the chance of gaining a first than those...
Varsity Guide to Careers 2010 Grad profile
James Moore Computer Science, downing 2005, Working for red gate
How did you start working for Red Gate?
I met Red Gate at the Cambridge Computer Lab Careers fair five years ago. I gave them my CV and they invited me in for interview. What’s the recruitment process like?
I was interviewed by two technical employees and then had lunch with the directors. The interview process has changed since then but our aim is still to find people who are going to help us change the company for the better. Can you describe exactly what you do for the company?
I started as a Software Engineer at Red Gate. After 18 months of working on our flagship products, I ran a business unit we were setting up. After a year or two, we had a company re-organisation and I took over another unit. An opportunity then came up to run Red Gate’s largest business unit, which is what I am doing now. I have about 50 technical, marketing and sales employees working for me. My job is to oversee the operations and strategy of the business unit as well as form part of the senior management of the company. What are the hours like?
We have flexi-time so there are no real fixed hours. Most people work a 40 hour week. We encourage people not to burn themselves out. Do you find that an Oxbridge education gave you any kind of advantage or disadvantage in your line of work?
I think it was a huge advantage. My theoretical and mathematical background in computer science allows me to engage with many of our technical employees. Having said that, we have many roles where technical knowledge isn’t that important. In those roles, coming out of the Oxbridge environment still gives you advantages. When employees do things they haven’t done before (which is fairly often), Oxbridge grads have a great capability to go out and learn on their own with only a minimal amount of support. Where do you see yourself in a few years with the company?
One key aspect of my role is to ensure we have the next generation of business leaders coming through the company so that we can launch new businesses. If I am doing that well then we should have developed several people who can do my job – I imagine I’ll be running a different part of the company in a few years. What do you enjoy most about your work with Red Gate?
The people. There’s a wide range here, but they all have one thing in common: they care passionately about Red Gate and we care passionately about them. We often say that one of our aims is for people who have left Red Gate to look back in years to come and say that they did some of the best work of their lives here. What kind of work can people expect to be doing in their first year at Red Gate?
ence immediately! They might come in as a software engineer or some other technical role and they’ll be able to get stuck in with all aspects of the project. In a non-technical role, we normally try to give someone complete responsibility for something as soon as possible (with the appropriate levels of support of course). What kind of guidance is given to you when it came to developing your career goals?
We aim to provide development options for employees and then to ensure they progress as rapidly as possible. We send people away to tradeshows and technical summits, and if someone needs more one to one guidance we will organize a mentor to work with them. Can you describe Red Gate’s ideal employee?
Someone who is smart, driven and passionate about something that’s important to us – it might be about technology, marketing or sales. We recognize that when you graduate you might not have a clear idea of what you are passionate about so we do our best to give you the chance to try out things you are interested in.
They can expect to make a differ-
...at Glasgow, Birmingham or Newcastle upon Tyne While 11 per cent of students left Birmingham with a first last year, 22 per cent of new Cambridge graduates gained first-class honours.
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Varsity Guide to Careers 2010 law
Dickinson Dees Dickinson Dees is one of the leading independent regional law firms in the UK, employing over 650 staff and turning over £48.8 million in 2009/10. Based in Newcastle-upon-Tyne, but with additional offices in Tees Valley, York and London, the firm has over 35 different practice areas and provides a comprehensive legal service to clients across five main departments: Corporate and Commercial, Litigation, Private Client, Property and Public Services. As one of the largest law firms in the country to have gained both Investors in People and the industry standard Lexcel accreditation, the firm is taking a leading role in the legal profession in its commitment to equality and is a signatory to the Law Society’s Equality Charter, in addition to working towards a regional equality standard. Dickinson Dees offers up to 17 training contracts across its Newcastle, York and
Website: www.dickinson-dees.com
Tees Valley offices. Applicants should be in their final year of a non-law degree or penultimate year of a law degree, aiming to achieve a II.1 level degree or higher. Typically, trainee solicitors spend six months in four different practice areas across the firm in order to gain a more varied level of experience and can expect to undertake work in a ‘hands-on’ environment with the support of a personal mentor. Trainees are also able to take advantage of secondment opportunities to the firm’s associated office in Brussels and secondments to clients, both within the public and private sectors. Currently, the firm sends two trainees a year to its Brussels branch for up to six weeks each.
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Number of employees:
650 Placement deadline:
16 Jan
Dickinson Dees also runs a week-long work placement scheme with forty places. Prospective applicants for training contracts are strongly encouraged to apply for a place on their work placement. Travel expenses to Newcastle and an allowance of £200.
law
Shearman & Sterling
Website: www.shearman.com
Shearman & Sterling is recognised as one of the leading international corporate and commercial law firms in London, offering English and US legal advice across a broad range of practices. Their main areas of work include European Corporate (including Mergers & Acquisitions, Intellectual Property & US Capital Markets), Project Development & Finance, European Finance (including Capital Markets, Structured, Acquisition & Leveraged Finance), International Litigation & Arbitration, Antitrust, Tax, Financial Institutions Advisory & Asset Management, Property and Executive Compensation & Employee Benefits.
New York, Shearman & Sterling also have offices all over the world, including Beijing, Deadline for Paris, Tokyo and Rome. In London, the trainees : firm represents major UK and international companies as well as financial institutions. 30 June This means that its London branch is ideally 2011 placed to work closely with offices in the Placement Americas, continental Europe, the Middle deadline : East and Asia in order to advise clients on corporate transactions. These capabili25 Feb ties have contributed to the substantial growth in the business and size of the office, making the London office instrumental to Shearman & Sterling’s European practice.
Some groundbreaking transactions that Shearman & Sterling has worked on include Cadbury’s $19.4 billion acquisition by Kraft and the Yukos shareholders’ $100 billion compensation claim against Russia. It emphasises a thoroughly integrated approach that combines multiple areas of specialisation to handle a wide range of complex transactions. Though the firm is based in
The firm runs a summer placement scheme for up to 30 participants, who will be paid £300 a week for a two week placement. Applications for the 2013 training contract will open on the first of January and 12 to 15 trainees will be recruited to the firm.
Varsity Top
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Varsity Guide to Careers 2010 law
Allen & Overy
Website: www.allenovery.com
days and three weeks respectively. A member of the UK’s Magic Circle of leading law The summer programme is for firms, Allen & Overy LLP is widely considered to Deadline for trainees: undergraduates in the penulbe one of the world’s elite law firms. An internatimate year of their degree tional legal practice with 36 major centres Jan 2011 course. In each programme, worldwide, their client list includes many of the top businesses, financial Starting salary: interns will assist their trainer Size: a partner of associate – on institutions and governments, such £38,000 –real deals and sit in two different as Alliance & Leicester and Marks & 5000 (470 departments. Workshops, Spencers Group. partners) practice area presentations Allen & Overy offers a training contract that com- and other talks are designed to help develop the skill bines the highest quality work, international opyou need to be a commerportunities and an exceptional learning environcial lawyer. ment. There are 105 training contracts available on the graduate scheme, with 65 vacation scheme As part of the summer places. The firm is looking for individuals who programmes, some vacahave attained at least a II.1. Final year non-law tion students will have the undergrads and grads can apply for the Septemchance to spend a week in one ber 2013 and March 2014 intakes from 1st Noof A&O’s four key international vember 2010 to 16th January 2011. Interviews vacation, which takes place following the complewill be held in January and February 2011. tion of a four week summer contract in London. The winter vacation programme is open to all If you’re not sure that law is the right career for finalists and graduates and the deadline for apyou, Allen & Overy offer vacancies across their Winter and Summer programmes, which are eight plications is 31st October.
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New frontiers The world’s financial markets are under closer scrutiny than ever before. In the wake of the financial crisis, some governments have moved to restrict short selling – betting that prices are going to fall. As a lawyer at Allen & Overy, what will that and other changes mean for your clients?
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It will be down to you to help your clients negotiate the evolving regulatory environment – to structure products and transactions that continue to deliver commercial advantages within a legal framework that is itself changing. You will be their guide, providing ideas and solving problems at the frontiers of business and law.
Careers at Allen & Overy are about providing clear, insightful legal advice, working collaboratively – with colleagues and clients – and striving to deliver outstanding results. Your role will be to bring clarity to complex issues and support decision-making at the highest level, enabling our clients – some of the most ambitious companies in the world – to address challenges that will define their futures. In today’s legal and business landscape, our clients expect intelligent commercial advice delivered consistently and globally. Join us and be part of our success. Start at the top.
A Career in Law 2010
www.allenovery.com/careeruk Allen & Overy means Allen & Overy LLP and/or its affiliated undertakings
Varsity Top 100 Advert 175x130mm.indd 1
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Varsity Guide to Careers 2010
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Varsity Guide to Careers 2010
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law
Addleshaw Goddard Addleshaw Goddard prides itself on being different to other legal practices. In 2008, Addleshaw Goddard was ranked 40th in the Sunday Times ‘100 Best Companies to Work For’ in the UK. It is also the only law firm to be included in the same newspaper’s Top 50 Places Where Women Want to Work, and the Top 100 Graduates Employers rankings.
Website: www.addleshawgoddard.com
days’ paid time off to do some kind of voluntary work. One project has allowed graduates the opportunity to spend a week in Romania on a community based house building project with Habitat for Humanity.
The commercial law firm has four main business divisions: Finance and Projects, Contentious and Commercial, Corporate and Real Estate. Within those divisions, Addleshaw Goddard operates some of their specialist areas including Sport, Intellectual Property and Employment.
Graduates on their grad recruitment scheme enjoy a bespoke training programme designed to expose grads to a broad range of commercial and corporate work. This is also supplemented by a series of training courses provided by an in-house team as well as external experts. The application form will be available on their site from 1st November onwards.
The firm takes corporate and social responsibility seriously – more than 10% of its workforce sits on teams linked to diversity, environment and community engagement. When not earning fees, Addleshaw Goddard actively encourages their lawyers do everything from pro bono work to fundraising for their local community – every employee at the firm gets two
Placements are available during the Easter and summer vacations and include workshops, court cases and case studies designed to nurture skills you’ll need as a trainee lawyer. The Addleshaw Godard placement scheme was nominated as the “Best Vacation Scheme” for three years running at the LawCareers.net awards.
Deadline for trainees:
31 July 2011 Placement deadline:
31 Jan 2011 Location:
Leeds, London, Manchester
law
Kirkland & Ellis International LLP www.kirkland.com/ukgraduate
Website:
Kirkland & Ellis International LLP is a 1,500-attorney law firm representing global clients in offices around the world; in Chicago, Hong Kong, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai, Washington, D.C. For 100 years, major national and international clients have called upon Kirkland & Ellis to provide superior legal advice and client services. Based at the heart of the City in the Gherkin, the London office has been the hub of European operations since 1994. Here, approximately 80 lawyers offer detailed expertise to a wide range of UK and international clients. The firm handles complex Corporate, Restructuring, Tax, Intellectual Property, Litigation and Counseling matters. Kirkland & Ellis operates as a strategic network, committing the full resources of an international firm to any matter as appropriate.
The firm describes its lawyers as confident, inquisitive, entrepreneurial and keenly ambitious, And while they may be a varied group of people working in a highly diverse firm, they’re united by their determination to be truly outstanding in their field.
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Summer Vacation Places
To join them, you’ll need to share that confidence with the presence and people skills to make an instant and lasting impact. You’ll have the initiative, the drive and the work ethic to thrive in a meritocratic culture. Crucially, you should already have decided that you aim to build your career in one of their practice areas, and so come with an understanding of the work undertaken in the London office. Your academic record will also be excellent, probably £350 culminating in an expected or per week for internship achieved II.1 in any discipline.
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Training Contract Vacancies
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Varsity Guide to Careers 2010 law
Government Legal Service GLS lawyers work in legal teams of about 30 Government departments and agencies, providing legal advice and representation to a single ‘client’: the Government of the day. They have the opportunity to effect lasting change on legislation, breathing life into the policies pledged by Government. GLS lawyers help draft new legislation and take it through Parliament in the form of a Bill and may even support Ministers in Parliamentary debates – a type of legal work unique to the GLS. The annual trainee schcheme offers approximately 20 to 25 pupil barrister and trainee solicitor posts across a number of teams, and is one of the only schemes that has been granted an exemption from the freeze on recruitment into civil service posts. Trainee solicitors work in four different 6 month ‘seats’ over a two-year period in the department to which they are assigned, gaining a broad overview of government legal work. Pupil barristers spend the first six months or middle four months of their year’s pupillage in a set of barristers’ chamber, with the remainder of their pupillage is conducted within the
Website: www.gls.gov.uk
department to which they are assigned. While all applicants must have a minimum II.1 degree, this needn’t be in law. The GLS ensures that all its legal trainees are given early responsibility and are involved in the full range of work conducted by their department, including high-profile cases, under the supervision of senior colleagues. As a result, throughout the recruitment process applicants must demonstrate strong analytical ability, excellent communication and interpersonal skills and a commitment to developing a legal career in the public sector. The GLS will pay the Legal Practice Course (LPC) or Bar Vocational Course (BVC) fees of successful applicants. Sponsorship is also available within the range of £5,000-£7,000.
Application opening date:
Early July 2010 Closing date:
16 January 2011
To get a taste of the kind of work the GLS does, 60 to 70 students are offered summer vacation placements on its annual scheme. Successful applicants are paid about £150 to £200 a week, with each placement lasting two weeks.
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law
Jones Day Jones Day is the 8th largest law firm in world, employing 2,500 lawyers in 32 locations around the world and drawing in revenue in the excess of $1.4 billion. Its relatively smaller office in London offers would-be lawyers the intimacy and atmosphere of a medium sized City firm – but with access to a large range of UK and multi-national clients that range from Citigroup to Royal Bank of Scotland. The principal areas of practice at Jones Day include corporate finance, investment funds, private equity and banking, though the London office has teams of lawyers that specialise in areas like environmental, competition and antitrust as well as communications and pensions law. The firm operates a unique, non-rotational system of training that is designed to provide freedom and responsibility for trainees from the very beginning of their graduate scheme. Trainees do not need to
Website: jonesdaylondon.com
have come from law school, although a II.1 degree is required. Recognising that many graduates are uncertain of what particular practice area they want to pursue in law, trainees at Jones Day work across different practice areas simultaneously and are not moved to a different department of every six months, meaning that they see out the deals and trials they’ve worked on. Jones Day also offers ten places on a work placement scheme that runs thrice a year and is geared towards both law and non-law undergraduates. In addition to immersing undergraduates in the work that Jones Day does, the company will also pay £400 a week. Towards the end of the scheme, all interns will be guaranteed a first round training contract interview.
Deadline for trainees: 31 July 2011
Deadline for placements:
31 Jan
Starting salary:
£39,000
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law
Walker Morris Walker Morris is one of the biggest law firms in the North. Situated in Leeds, it prides itself on having the quality of clients and work you would expect to come across in London but, unlike many others, prides itself on maintaining a relaxed, friendly and approachable environment where trainees are given responsibility to develop and are treated and rewarded as individuals rather than a number. Unusually for a regional law firm, it is unique in having branched out into national and international-scale work – 71% of its clients are based outside Yorkshire. At the same time, Walker Morris emphasises their ‘local’, single-site presence and maintains close links to businesses in the north. They rank 52nd in the UK top 100 law firms. Walker Morris offers six seats instead of the usual four for graduates, giving them the opportunity to experience more areas of the law. In the first year, your seat will be in one of the three core areas of the firm: corporate/commercial, commercial property and litigation. Within these areas, Walker Morris specialises in many
Website: www.walkermorris.co.uk
groups that include IT and media, public sector projects and sports. In the second year, trainees can choose their own seats. Graduates deal with clients from almost day one of their training. Walker Morris prefers to recruit strongly academic students, though they welcome non-law graduates: 30% of trainees starting each year come from non-law backgrounds. They also do not discriminate against those who take a gap year after graduation, or against those who have not undertaken a vacation placement. They are currently recruiting 18 trainee solicitors for our September 2013 intake. 48 spots on one-week vacation placements during June and July are also available, although law undergrads should apply before 31 January of their second year and non-law undergrads before 31 January in their final year.
Location:
Leeds Size: 530 employees
Starting salary for first year trainee:
£24,000
law
Nabarro Nabarro is one of the UK’s leading commercial law firms, offering extensive legal services to national and internaional clients. Their areas of work include Company and Commercial Law, Real Estate, Planning, Pensions and Employment, Corporate Finance, IP/IT, Commercial Litigation and Corporate Agreements (among many others). The firm also operates a prestigious summer vacation scheme that has won ‘Best undergraduate internship/vacation scheme’ at the Target National Graduate Recruitment awards. More than 85% of trainees are recruited from the summer scheme. 60 paid vacation scheme places are offered each year in Sheffield and London, with dates running throughout summer in London. Placements last three weeks and successful candidates are paid £250 a week if in London and £200 if in Sheffield. They’ll spend the entire scheme within one department, making sure that
Website: www.nabarro.com
they’ll be fully integrated into the team and receive a variety of work. They’ll also be allocated a supervisor within the department to assist in managing their workload, and halfway through the scheme interns will have a chat to Trainee Resources about becoming a trainee. Potential trainees from the summer scheme do not need to submit a further application. Nabarro is looking for 35 trainees: 30 in London and 5 in Sheffield. Each trainee will find themselves undertaking six four-month seats, not the traditional four, which will them to the firm’s core practice and specialist areas. Applications are welcome from undergraduates and postgraduates from all disciplines. Applications from law students must be made in the penultimate year of your degree at the latest, while non-law students must wait till their final year to apply.
Placement deadline:
1 Nov 2010 – 31 Jan 2011
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Varsity Guide to Careers 2010 law
One Essex Court
Website: www.mountbatten.org
in the County Court as well as the occasional According to the Legal 500, an international appearance in the High Court and in client guide to the best law firms in the other tribunals. world, One Essex Court is among the top-tier chambers practising at the Bar. Their core area Starting However, Chambers only offers of expertise is Commercial Litigation, with salary: pupillage to those who are their work embracing all aspects of Domestic thought capable of becoming and International Trade, Commerce and tenants. A minimum degree Finance. Members provide specialist advice and of II.1 is necessary to apply, advocacy services and are recognised as though applicants from nonspecialists in the many diverse fields law backgrounds are welcome. characterised as commercial disputes, Places: Provided a candidate is proven to have regularly accepting nominations as the requisite ability, no distinction is arbitrators, mediators and experts. drawn between candidates who do and those who do not have a law degree. One Essex Court offers four Applications must be made guaranteed twelve-month pupillages through Pupillage Portal online per year. Chambers offers each pupil £60,000, except where an applicant is supplemented by earnings in the second six. Pupils assist pupil supervisors with their papers, exempt under their rules. Over the past decade, do legal research, draft opinions, pleadings more than 75% of and skeleton arguments. One Essex Court pupils have been offered believes that it is essential for pupils and junior tenancies. There is no tenants to develop their court based skills at limit on the number of the earliest possible stage and has traditionally tenancies offered in a provides substantial opportunities for advocacy given year. in the second six months of pupillage. This typically includes applications and small trials
£45,000
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The evidence is clear At Nottingham Law School you will be taught by qualified lawyers who work closely with some of the world’s leading firms. Our LPC is the only one to have received the highest rating from the Law Society/SRA every year since launch and we have gained an excellent reputation as one of the best providers of training for aspiring barristers. We have a dedicated careers and recruitment service that offers practical advice and has helped to keep our training contract and pupillage rates consistently high. We offer a unique academic legal community and we are proud of our professional focus. So you won’t get a more authentic learning experience or a better start to your professional career. Case closed.
Law for lawyers, by lawyers.
Visit www.ntu.ac.uk/varsity
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Further study
The Mountbatten Institute
Website: www.mountbatten.org
Practice or the full MBA in International Business Do you want to travel the world, get a postgraduPractice, both awarded by St Mary’s University ate degree and get a paid internship? The College, Twickenham. The PGC coincides Mountbatten Institute might be your Deadline for fully with the internship year in New York. first port of call. Named in honour of September 2012 Following the Mountbatten year of internthe late Earl Mountbatten of Burma, intake: ship and study abroad, those pursuing the the Institute partners globally with MBA travel on to complete their degree government agencies, companies March 15 requirements with an intensive, full-time and universities in order to foster 2011 academic semester in Bangkok. cross-cultural understanding through education, practical training and resiInternship placements exist in a host of dence abroad and provide opportunities industries but most graduates secure roles for personal growth and professional developin Finance, Law, Real Estate, Communicament. This basically means that it offers paid Places: tions and Government. Work placements internships abroad and opportunities in 600 are full-time, with courses offered during postgraduate international business educaevenings and weekends. You receive tion to graduates from all over the world. The approximately $1,000 per month Institute has regional offices in London, New living allowance, housing, medical York and Bangkok. Each year, approximately insurance, tuition, course materi300 graduates from the UK, Europe, Asia als and professional support and all over the world travel to New York throughout the year. To qualify, to gain professional work experience as you should have a II.2 degree well as a postgraduate business specialisaor above, excellent IT skills and tion or advanced degree. at least 12 months’ professional work experience in the desired field Programme participants choose to study toof industry. wards one of two qualifications: The Postgraduate Certificate (PGC) in International Business
Further study
Nottingham Law School
Website: ww.ntu.ac.uk/varsity
Nottingham Law School is one of the largest university Law Schools in the UK and provides high-quality training for every stage of a graduate legal career. One of only nine educational establishments validated by the Bar Standards Board to deliver the Bar Professional Training Course (BPTC), Nottingham Law School has been assessed to be of the highest standard. The school’s Legal Practice Course (LPC) also has an outstanding reputation, and is the only one to have gained an excellent rating in every Solicitors Regulation Authority assessment. Students have access to outstanding facilities such as the £13 million Boots library. Students are taught by qualified lawyers and leading academics whose research drives course design. Links with leading local, national and international law firms keep the school at the cutting edge of modern legal practice.
Students learn by doing and are supported by a dedicated careers and recruitment service Size: which provides advice, workshops and mock interviews throughout the year. 2,800 The school also invites anyone who has students accepted a place on our BPTC to a Pupillage Interview Training Day prior to course commencement to ensure that students are Teaching size: fully-prepared for the pupillage applications 100 fulland interviews over the summer months.
Nottingham Law School places a great emphasis on providing the practical skills that any student needs in your legal career.
For more information, visit stand at the Cambridge University Law Fair on 27th October 2010.
Students can also experience practical law first-hand and help the local community by taking part in the school’s award-winning pro bono scheme. This specialist support has helped to keep their pupillage and training contract rates consistently above the national average.
time staff
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Varsity Guide to Careers 2010 FINANCE
Alegro Capital This independent corporate finance advisory firm specialises in providing top corporate executive, shareholders and entrepreneurs with independent, world-class corporate finance advice. While Alegro Capital takes a generalist approach across industries, it has developed significant expertise and intellectual capital in telecommunications, media and technology, retail, industrial, consumer and renewable and clean technology sectors. Its professionals have successfully completed more than 100 mergers, acquisitions, restructurings and corporate finance transaction in excess of $50 billion in value, in a range of projects across Europe, but also in Asia and the USA. Alegro Capital has advised clients ranging from 3M to eBay, and Siemens to Fujitsu. Today, 20 to 25 people drawn from the world’s best universities, banks and consulting firms compose the Alegro Capital team. These professionals operate in small teams and contribute within a flat hierarchy to achieve the best results for clients through leadership and original and
Website: www.alegrocapital.com
creative thinking. At Alegro, graduates will build a solid base in investment banking with a mix of direct transaction experience, strategic thinking and market knowhow. Their non-hierarchical structure aims to encourage leadership and original thinking at all levels. Alegro Capital offers paid internship positions throughout the year, giving graduates and students the opportunity to gain exposure to a top level advisory firm in Investment Banking. Previous experience in investment banking is an advantage. Interns work as an integral part of the deal team in daily collaboration with senior professionals and experts from other areas within the firm, conducting financial analyses, valuation and financial modelling, relevant industry research and preparing and participating in client presentations.
Location:
London
FINANCE
BNP Paribas BNP Paribas Corporate & Investing Banking is a leading European investment bank with global leadership in many of their businesses. Part of the BNP Paribas Group, one of the six strongest banks in the world, BNPP has been rated AA by Standard & Poor’s and is the largest bank in the eurozone by deposits. Their broad portfolio and policy of steady organic growth mixed with strategic acquisitions – including most recently Fortis – have strengthened their leadership in Europe and fuelled expansion around the world. One fifth of BNP Paribas employees now work in their multi-award-winning Asian offices, and the firm enjoys a growing presence in all major financial markets – in Europe, the US and across Asia. With offices in over 53 countries worldwide, BNPP offers graduates a truly global career. BNP Paribas is committed to early and
Website: www.graduates.bnpparibas.com
rapid career development. Once the firm has identified the best fit for your skills and ambitions, you’ll be hired directly into an identified position – which means you can walk straight into a meaningful role and can begin contributing to our business and building your career from the outset. As well as first-class formal training, you’ll benefit from on-the-job coaching and support from sector-leading professionals. BNP Paribas believes that employees learn quickly and rapidly take on new responsibilities In a collaborative and nurturing environment: their success is built on doing things differently, encouraging new ideas and giving our people the room to innovate. Graduate Analyst positions require a minimum II.1 degree in any subject, though maths, economics, business, sciences, engineering and computer science are the most relevant.
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Varsity Guide to Careers 2010 financial Services
Credit Suisse
Website: www.credit-suisse.com/careers
Credit Suisse is a forward-thinking financial services firm serving clients around the globe. As a stable company with a long banking tradition, Credit Suisse is one of the most respected and well-regarded banks in the world. Indeed, the firm is recognized as a leading global player in many key markets and practice areas, and continues to be acclaimed by industry publications for its continued excellence.
Size:
49,200 Closing date for full-time jobs:
30 November 2010
to give you the chance to make a difference from day one, and provide world-class training and support to help you to develop into a future business leader. Whichever program you choose to join, you will have the opportunity to contribute to projects that have a significant impact on the firm’s business, while building your own expertise.
Credit Suisse has three primary businesses: Private Banking, Investment Banking and Asset Management.
Credit Suisse also offers many crossbusiness and international mobility opportunities to their employees, throughout the course of their careers.
These three businesses partner with the firm’s Shared Services, Information Technology and Operations teams. Together, these businesses and teams work around the world and around the clock, providing seamless solutions to their global clients and employees.
Credit Suisse looks for people with a wide range of experiences, interests and degrees who will add fresh perspectives to their business.
Places available:
525-625
Credit Suisse offers entry-level programs in a variety of business areas. These programs are designed
The firm’s vision is to become the world’s most admired bank. A career with Credit Suisse means that you can help shape the future of the firm.
financial Services
Orbis Investment Orbis manages a family of offshore equity funds in both long-only and absolute return format. We have a long-term investment philosophy based on identifying deviations between the intrinsic value of a business and its stock market price. We believe a business is more than just a number at the bottom of an income statement. Our values are not just a footnote but pervade our lives. By excelling in everything we do we give our clients a more rewarding experience and one that is more gratifying to provide. We always think long-term. We are prepared to sacrifice short term gains for the best enduring solution. Over time, we have trained and retained a team of outstanding stockpickers, who generate the stock ideas that drive our outperformance. They differ in professional interests and academic training, but we find that successful analysts at Orbis challenge consensus, work independently, and enjoy individual accountability.
Website: www.orbisfunds.com
We are recruiting for new investment analysts to broaden our understanding of global stock markets and drive the continued success of our business. We need high-calibre trainees for regional geographic teams as well as our global industry specialist team. If you can prove yourself, we will give you significant responsibility early in your career.
Are you prepared to be different? Recruitment deadline:
17 December
At Orbis we recognise the importance of long-term investments. We are looking for candidates of outstandGraduate ing potential to learn and develop trainees will within our organisation. You will study for the be mentored by people within CFA the team who are committed to helping you get the most out of your internship. Working alongside proven stockpickers, you will gain a firsthand insight into how you could fit with Orbis.
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Varsity Guide to Careers 2010 MANAGEMENT CONSULTANCY
Booz & Company Want to help the world’s top business, governments and other institutions? Booz & Company is a leading global management consulting firm with more than 3,300 people in 61 offices across more than 30 countries worldwide, committed to creating and delivering essential advantage to their clients. Booz & Company prides itself on their unique method of working, applying insight built on powerful analytics, deep capabilities, creativity and experience. One of the best-regarded consulting firms in the world, Booz & Company wants their employees to have better developed skills, expertise and opportunities in their firm than anywhere else. For the bright, motivated and numerate graduate, Booz & Company offers a career with with diverse and challenging assignments, engaging colleagues, unmatched opportunities for professional growth and achievement, and the satisfaction that comes from helping clients solve their most critical issues. But Booz & Company also takes play seriously, emphasising the importance of a healthy work/life balance with competitive compensation and benefits alongside the secu-
Website: www.booz.com
rity that comes from working with a firm that has enjoyed long-term stability and growth. All new hires are guided along a clearly structured career path. In addition to on-the-job learnig, Booz & Company has an extensive programme of courses designed to help graduates develop the analytical and core consulting skills to enable employees to deliver real impact on client projects. Successful consultants are also regularly offered sponsorships to attend top business schools as part of individual career development plans. Applicants are required to have a minimum of a II.1 degree and AAA grade A Levels (or equivalent), including one in either a numerical or scientific subject.
Recruitment deadline:
14 November
Intern deadline:
30 January
Booz & Company also runs an eight-week intern programme for students in their penultimate year at university, during July and August. Applications for the 2011 summer programme open on 1st December 2010.
MANAGEMENT CONSULTANCY
Stroud Consulting Founded in 2001, Stroud is a dynamic and growing operations and management consultancy. Their clients work in everything from healthcare to consumer goods and range from small boutique companies to Fortune 500’s, all of whom approach Stroud to find out how to increase their productivity and restructure their organisations. Stroud consultants and associates pride themselves on working closely with client teams to deliver the results many first think impossible. The firm was recently voted the #1 small consultancy to work for by Consulting Magazine. A graduate career with Stroud is one of the fastest ways to accelerate personal and professional development: graduates work with everyone from senior Directors through to personnel on the shop floor, and take responsibility for rapidly producing business-changing results for clients and businesses across Europe and North America. Their salary and remuneration
Website: www.stroudconsulting.com
package is highly competitive, with benefits including a starting bonus, private health care and a company backed pension plan. There is also the option to exchange part of your salary for a company Audi A3. They’re looking for people with energy, tenacity, ambition and a bias for action: Stroud is all about working with clients to achieve results. Company representatives will be at various Cambridge based assessment days and events: • Cambridge Careers Service Consultancy Event: 14th October at the University Centre • Stroud Consulting Evening Presentation: 25th October at Peterhouse College • Cambridge Careers Service Science, Engineering & Technology Event: 11th November at the University Centre
Size:
70
: y
e: m
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CONSULTANCY
Deloitte Deloitte is one of the largest professional services organisations in the world, delivering audit, tax, consulting, enterprise risk and financial advisory services to businesses all over the world – a list that includes everything from Sotheby’s to Bloomberg L.P. and the World Bank. In 2010, Deloitte was ranked by BusinessWeek as the top place to launch a career. Active in over 30 specialist disciplines, Deloitte offers employees a wide range of areas of professional services, ensuring that there’ll always be something to suit you. The disciplines, though extremely varies, fall into four main service areas: Audit, Tax, Consulting and Corporate Finance. Here’s a brief explanation of what those four areas mean: audit covers everything from audit and risk services to accounting and regulatory expertise. Deloitte works with a broad variety of clients – from small, owner-managed businesses to subsidiaries of international groups and large PLCs. Deloitte also advises a broad range of clients on tax, providing an extensive
Website: www.deloitte.co.uk/graduates
range of tax expertise on subjects such as capital allowances to executive compensation and employer solutions. Consulting is integral to Deloitte’s client service offering. In fact, Deloitte is the only ‘big four’ firm with consulting as an essential part of their services. Their broad remit in corporate finance covers a range of industry sectors, from advising clients on acquisitions and valuation to providing support to under-performing or insolvent businesses.
Size:
17,000
Deloitte is looking to recruit around 1,100 graduate trainees and summer vacation students. There is no deadline and recruiting occurs on a rolling basis. To apply, students and graduates will need a II.1 at degree level, though the majority of roles are open to people from any degree discipline. A GCSE Maths at B or above as well as a GCSE English at C or above is also necessary. Applicants to the 7-week summer vacation scheme must be in their penultimate year of study on their undergraduate degree.
CONSULTANCY
KPMG KPMG is one of the world’s leading professional services organisations – a global network of member firms operating in 144 countries and clocking in at a whopping 140,000 employees. This puts them as one largest professional services firms in the world and one of the Big Four auditors, alongside PricewaterhouseCoopers, Deloitte and Ernst & Young. Their UK firm offers audit, tax, and advisory services to thousands of clients, from some of the largest multinationals and best-known brands to public bodies and private individuals – a list that includes everything from Sony BMG to the US Department of Treasury. Because of their varied work with clients in different areas and sectors, KPMG offers a wide range of opportunities for graduates, including careers in the public sector, banking and technology. In 2010 the firm was ranked second as one of the most attractive employers in an international survey of business students. For the 2011 graduate intake, KPMG requests a minimum of a II.1 degree in any discipline, a
Website: www.kpmg.com
grade B in GCSE Maths and a grade B in GCSE English or equivalent. Graduates are also assessed on eight skills and competenceies deemed necessary for success at KPMG, such as task management and problem solving.
Size:
10,000 including 556 partners
The firm recruits on a rolling basis, which means thatthere is no deadline for applications. Instead, applications are processed on a first-come, first-served basis, so it is advisable to apply as early as you can. KPMG also runs a paid internship programme that runs for six to eight weeks. For first years, KPMG also offers a two-week placement over Easter. If you’re successful in gaining a place on either schemes, the company will fast track you straight to the final stage of the graduate recruitment process (partner interview and group exercise).
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Varsity Guide to Careers 2010 MANAGEMENT CONSULTANCY
Oliver Wyman Oliver Wyman is a leading global management consultancy that combines deep industry knowledge with specialised expertise in strategy, operations, risk management, organisational transformation and leadership development. The New York Times has described it as “a leader in general business consulting�. The firm is also committed to corporate and social responsibility: in addition to pro-bono work, the organisation also pursues philanthropic projects in the firm of charity auctions, volunteer work and project work for non-profit organisations such as Kiva. org, the person-to-person microlending website, and Room to Read, an international non-profit organisation devoted to education in the developing world. The company also encourages a strong sense of community, with alumni network connections at companies such as Citigroup, MTV Europe and American Express. The firm has 40 offices all over the world, from the Americas, Europe, Asia and the Middle East, so staff enjoy a wide range of global opportunities for travel and work.
Website: www.oliverwyman.com
There are two distinctive graduate career tracks in Financial Services Management Consulting and General Management ConRecruitment sulting. Oliver Wyman emphasises a six to deadline: nine year path to qualify as a Partner, not a shorter two-year analyst programme, 7 November and prides itself on being a meritocracy 2010 where people can develop rapidly and assume increasing levels of responsibility based on performance alone. Succesful applicants will typically have obtained a minimum II.1 degree or have equivalent relevant qualifications or work experience. There is no fixed quota for intake on their graduate scheme or paid summer intern programme. However, would-be interns should note that Oliver Wyman usually only considers candidates in their penultimate year of university. internship deadline:
30 January 2011
EDUCATION
Teach First Teach First has been delivering far-reaching social and economic change for years since 2002. The influential independent charity aims to address educational disadvantage by attracting high-calibre, highly motivated graduates into an initial two year leadership development programme focusing on the achievements and aspirations of pupils and their access to further opportunities in education and beyond. More than 50% of students in the challenging schools where Teach First places its graduates are from deprived backgrounds. In 2009, it was ranked eighth on The Times list of Top 100 Graduate Employers. Through the programme, participants become inspiring teachers, leaders, role models and agents of change. They gain valuable leadership development to prepare them for influential careers, either in education or elsewhere. In their first year, participants work towards gaining
Website: www.teachfirst.org.uk
Post Graduate Certificate in Education (PGCE) as well as have the opportunity to study for a Masters qualification in the Location: second year. After that, long term systemic Nationwide change comes from continued engagement with education through the Teach First Ambassador Movement. The 2011 Leadership Development Programme is now open for applications and is looking to fill 730 vacancies. Teach First recruits on a rolling basis and fills vacancies as soon as they find candidates that meet their competency and academic requirements. In order to be eligible, you must have a II.1 degree or above, a degree and/or A Level grade A or B in a subject that is aligned to a National Curriculum subject, and a grade C in GCSE Maths and English or equivalent.
: m
e: uk
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Consultants
CHP Consulting CHP Consulting is a leading provider of software and consulting services to the global asset finance industry. Established in 1990, CHP has grown steadily and had a turnover of £23m in 2009. Our clients include top banks, equipment manufacturers and finance companies such as Bank of America, Barclays Asset Finance, Commonwealth Bank of Australia, Capital Finance, HBOS, ING Lease, Nissan Finance, Société Générale and Textron Financial. CHP employs around 200 people with headquarters in London and offices in Sydney and Boston.
Size:
200 Starting salary:
£35,000
We recruit on the basis that if you’re bright and motivated, you’ll do well with CHP. We look for an outstanding academic record from A-levels through to degree, so a 2:1 or above - but we don’t mind from which discipline; it’s more important you are
Website: www.credit-suisse.com/careers
enthused by working with technology and in the finance arena. We have five graduate intakes throughout the year and look for around 30 outstanding candidates to fill them. Our starting salary is £35,000 alongside a generous benefits package. We greatly value fun and we can offer a vibrant company culture. CHP was named in The Sunday Times’ Best 100 Small Companies to Work For in 2005 and 2006, and has received the Best Companies Accreditation from 2007 to 2010.
Places available:
30
INVESTMENT MANAGEMENT
Baillie Gifford Baillie Gifford is one of the leading privately owned investment management firms in the UK, managing over £60 billion in assets for clients from all over the world. It is also one of the fastest growing firms in the sector, helped by an exclusive focus on investment management and an impressive performance record. It’s also ample proof of the fact that you don’t have to be based in London to succeed in investment management – this year, the Edinburgh-based company won the Queen’s Award for Enterprise in the International Trade category for the fourth time. The firm actively encourages graduate applicants from all academic backgrounds, though it requires candidates to have attained either a First or II.1. Current investors have studied everything from classics, geography, medicine and history. The various programmes in Investment Management, Investment Operations and Information Systems last for two to three years and regularly rotates graduates
Website: www.bailliegifford.com
between different investment departments. Due to the firm’s preference for internal promotion, many graduates go on to begin successful careers with the firm. 75% of Baillie Gifford’s 35 partners joined the company as recruits from their investment training programme – some within ten years.
Number of employees:
For those unsure if investment management is for them, Baillie Gifford offers an eight week paid summer internship that leads you through a structured programme of placements, training on company analysis and accounts, presentations and explanatory talks. All eight places are limited to those in their penultimate year of university, and the internship begins in July and finishes in August – right in time for you to enjoy the start of the Edinburgh Festival.
650 Location:
Edinburgh
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Varsity Guide to Careers 2010
High Ambition? At Booz & Company we work closely with our clients to create and deliver essential advantage in any situation. We bring unique foresight and knowledge, deep functional expertise, and a practical approach to deliver real impact against the senior agenda of the world’s leading institutions. This philosophy has been at the heart of our company since we were founded, and began the management consulting profession, in 1914. The philosophy is now lived every day by more than 3,300 Booz & Company people across 61 offices in over 30 countries. And it’s more relevant today than ever before. If you are a high achiever, looking for a role that will give you challenge, variety and the opportunity to push the boundaries then visit www.booz.com/uk to find out more about the career opportunities we offer.
R
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Software engineers
Ensoft
Ensoft is a leading networking software company developing the systems and protocols that run the Internet. We offer graduates the opportunity to work on leading edge networking technology that is typically only developed within large companies or US-based high-tech start-ups. This wide variety of work is based on our unique long-term relationship with Cisco Systems. Jobs are based just outside London, in Hertfordshire, with opportunities to work in Silicon Valley, California. Our growth to a team of 50 engineers is based exclusively on recruiting Oxbridge graduates. The work environment is excellent. We offer flexible working hours and distractions like table football, pool and table tennis, together with a very active social life ranging from weekly breakfast, lunches and trips to the cinema and local bars to fell walking and weekends in places like Cape Town and Iceland. This year we are looking to recruit four graduates. Starting salary is £33,000 rising rapidly in line with performance, plus additional substantial bonus, profit share, stock ownership schemes and pension. The barrier to entry is
Website: www.ensoft.co.uk
high, so you need a proven academic capability. As a guide, please do not apply unless you have A grades at A-level or equivalent (or good excuses!). Our extensive induction course covers the industry, networking protocols, software development practices and design/ programming skills. This is tailored to each individual's needs and expertise. Thereafter, there is an ongoing mentor scheme and a two-year 'certification' syllabus to ensure comprehensive training. Everyone is encouraged to take responsibility early on and get involved with all aspects of our work developing into senior design or project leader roles.
Starting salary:
£33,000
Interested? Then come and visit us to find out more:
Wednesday 3rd November, Careers for Mathematicians, 4.30pm to 7.00pm, Centre for Mathematical Sciences. Thursday 11th November, Cambridge Science, Technology & Engineering Fair, 1.00 to 5.30pm, University Centre. Tuesday 16th November, our Chief Technology Officer will be giving a lunchtime presentation at the Computer Laboratory. Thursday 18th November, Cambridge Computer Laboratory Recruitment Fair 11.30 - 4pm, William Gates building. Want to apply? The application process is easy; just send us a CV to recruitment@ensoft.co.uk by Monday 22nd November. We will be interviewing in Cambridge on Thursday 25th November at The Crowne Plaza Hotel.
Software Engineers
Red Gate Software Red Gate prides itself on offering the best graduate careers for anyone not wanting to be a diving instructor in the Maldives. Successful, growing steadily and renowned as a great place to work, the Cambridge-based IT firm has been in The Sunday Times Top 100 Small Companies for the fourth year running. In fact, there’s no higher ranked software development company in the UK and they’ve topped the list of small Cambridge companies for the last four years. The company philosophy is all about simplicity. They make ingeniously simple tools that are simple to use and simple to buy (in fact, their award-winning software is used by over 500,000 customers globally). The culture at Red Gate is relaxed, informal and fun: there isn’t any dress code, there are no office politics and red tape is actively discouraged, and there’s even office-based haircutting and massages as well as a free breakfast and lunch. In May, they even offered free iPads for any would-be software engineer who turned up for a job interview.
Website: www.red-gate.com/careers
Red Gate believes that open discussions and the free flow of ideas is what makes a sucNumber of cessful firm, and graduates will land right vacancies: at the heart of this action at Red Gate: the 10 company doesn’t operate a long graduate induction or rotation schemes. Whichever part of the company graduates work in, Number of they’ll find themselves as part of a small employees: team with the freedom and flexibility to try 160 new things. Every few months, they have a “Down Tools Week” where employees can work on whatever they want, with whoever they want, for a whole week. The company looks for at least a II.1 while recruiting for all roles. Graduates from computer science, technical or numerate disciplines are considered for technical roles, and all disciplines all considered for marketing roles. Hiring occurs continuously through the academic year. Paid internships are also available, and Red Gate offers interns £350 a week.
outstanding? Operations & Management Consultants Voted #1 small consultancy to work for by Consulting Magazine Come and meet us at one of the following events to find out more: Cambridge University Careers Service Consultancy Event Thursday 14th October, 13:00 – 18:00 University Centre, Mill Lane
Stroud Consulting Presentation and Buffet Monday 25th October, 19:00 Peterhouse College
Cambridge University Careers Service Science, Engineering & Technology Event Thursday 11th November, 13:00 – 17:30 University Centre, Mill Lane
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"I joined Red Gate straight out of university. Now I'm running our largest business division, working with amazing people and getting to decide what we'll do next. Sometimes I have to pinch myself!" James Moore Divisional Manager, SQL Tools
www.red-gate.com/careers twitter.com/redgatecareers
Where will you be in five years? Where will will you you be Where be in in five five years? years?
Advising a CEO on global strategy? Advising a CEO on global strategy? On the path to becoming a Partner at Oliver Wyman? Advising a CEO on global strategy? On the path to becoming a Partner at Oliver Wyman? Landing a leading position in industry? On the path to becoming a Partner at Oliver Wyman? Landing a leading position in industry? Launching your own business or non-profit? Landing a leading position in industry? Launching your own business or non-profit? Graduating from a top business school? Launching your own business or non-profit? Graduating from a top business school?
Graduating a top business school? Now acceptingfrom applications for full-time and intern positions Please apply online at www.oliverwyman.com/careers Now accepting applications for full-time and intern positions Please apply online at www.oliverwyman.com/careers Now accepting applications for full-time and intern positions Please apply online at www.oliverwyman.com/careers
Oliver Wyman is an international management consulting firm Visit us at oliverwyman.com Oliver Wyman is an international management consulting firm Visit us at oliverwyman.com Oliver Wyman is an international management consulting firm
Visit us at oliverwyman.com
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