About the Graduate Finance Training Scheme
The Graduate Finance Training Scheme was started in 2012. The scheme lasts for three years and is designed to attract and develop potential Imperial Finance leaders of the future by providing successful candidates with extensive finance experience as well as the opportunity to gain a professional accountancy qualification.
Finance Trainees can expect to gain both operational and project experience during their time on the trainee scheme. This scheme consists of two different streams and candidates can decide which one they want to pursue when applying:
- General Finance stream (studying towards CIMA)
- Financial Accounting stream (studying towards ACA with ICAEW)
Trainees on the General Finance stream will participate in a rotational programme consisting of at least three placements. Previous examples of placements include working in the Finance teams supporting one of the Faculties, commercial areas or support functions, working in Treasury and working in various Financial and Management Accounting roles. In each placement, you can expect to gain in-depth knowledge of Finance in Higher Education, as well as exposure to senior leadership across both Finance and the wider institution.
Trainees on the Financial Accounting stream will spend the three years becoming a specialist in Financial accounting and reporting, working in the Financial Reporting team which is responsible for the production of the College’s year end accounts, with exposure to the senior leadership team and external auditors. You can expect to gain in-depth technical accounting knowledge, provide recommendations for the accounting treatment of complex transactions and support the creation of the year-end financial accounts.
The training scheme is overseen by the Director of Finance, Tony Lawrence. Tony will meet with trainees for a one to one every six months to check on their progress and reflect on the next steps in their personal development. The trainees will also meet on a monthly basis with the Finance Development manager to set objectives and discuss performance as well as regular meetings with their line manager.
Trainees on the General Finance stream will be expected to complete their study for the Chartered Institute of Management Accountants (CIMA) qualification and those on the Financial accounting stream will be expected to complete their study for the Institute of Chartered Accountants in England and Wales (ACA) qualification during the three years. The College will meet the full cost of relevant training courses, exam fees, etc. (assuming first time passes). Support is available in the department to help you throughout your studies. A generous study leave package is provided.
Salaries will escalate throughout the three years via a combination of annual pay increments and pay increases linked to exam success.
It is intended that during the course of the trainee scheme, all trainees will develop the skills and experience necessary to move into a permanent position at Imperial.
More information about the type of work trainees are given can be found on the next few pages.