What is a student placement?
Placements are structured programmes where a student spends an entire academic year working for an organisation as a full time paid employee, before returning to university to complete their degree.
Doing a placement year is optional for many students, but in some cases it is a compulsory feature of their course. They generally take place after a student’s second year at university.
These schemes have a number of different guises, just like Eminem. You might hear them described as ‘sandwich placements’, ‘industrial placements’, ‘a placement year’ or a ‘year in industry’. It’s befuddling.
However, all these terms essentially mean the same thing; they provide students with the opportunity to gain valuable work experience and employability skills before they graduate.
"According to the Institute of Student Employers (ISE), there was an average of 75 applications for graduate jobs across all sectors last year. That’s an increase of over 10 per cent! Your chances of securing a graduate role amongst such competition are severely reduced if you have no work experience under your belt."
Current Placement Jobs
So how can you acquire work experience whilst you’re at university? Apply for a placement job!
Why should I do a placement?
Improve Your Graduate Job Prospects
Did you know, 59% of graduates that were hired by our Top Undergraduate Employers were former interns and placement students? That’s why it is essential to get professional work experience while you are still at university.
Companies hire students before they have graduated to spot future talent, and introduce them to team ethics and culture. This means that they are already familiar with their new colleagues and their surroundings if they join at the end of their final year as graduates.
The first place companies look when hiring graduates is their pool of former placement students and interns. It’s why a year in industry will substantially improve your prospects of securing a job after you have left university.
Giving Practical Experience
Gaining professional work experience is invaluable when you’re on the graduate job hunt. University degrees tend to be theory-based, and employers often find that students lack the knowledge and practical skills that are required to jump straight into a graduate job.
If an employer sees a year in placement on your CV however, they’ll immediately think ‘Ahah! This person has the minerals. They’ve already worked in the industry for an entire year!’
The practicalities of studying a subject at university is often very different to actually working in that industry. Getting some real work experience will let employers know you are work-ready.
Doing an industrial placement will help you built of a network of useful contacts that may help you in your later career. A student will spend up to 12 months working for a company, that’s more than enough time to get to know the all the cool cats and big fish.
Even if you choose not to apply for a graduate role with the company you work for, they can still act as references. A good word from your manager or from Herbert the Head of Marketing will make your application stand out. Who knows, Herbert might have contacts with another company or can give you advice on what scheme to apply for.
How much are placement students paid?
A placement student will receive a salary and other perks for the duration of their programme. The typical salary is between £15,000 - £20,000, but there are opportunities available on our website that pay even higher.
The reviews on RateMyPlacement offer insight into what different companies pay, and how salaries vary across different regions. For example, the average salary for undergraduates in 2020 on their placement was £18,361.
These schemes truly are a win win: you'll gain valuable skills, work experience and enough money to buy a menagerie of animals and start a zoo.
The average salary for placements in London was £22,992. Undergraduates tend to get paid more in London because of high living and travel costs; the capital is also home to some of world’s biggest companies who are all competing for the best talent.
The lowest average salary in the UK is £14,990, which is in Northern Ireland. Students in Scotland on the other hand earn an average of £19,308! You can see all the average regional salaries on the right...View Placements
Top Employers Guide
The Top Employers Guide features the Top 100 Undergraduate Employers, case studies from the students that worked for them, overviews from industry experts and also some cracking advice. The guide is your handbook to finding the right scheme, and preparing for the application process.Top 100 employers
There are thousands of different degree courses available in the UK, and they lead to careers in almost as many industries. Our industry zones highlight different paths you can take and look at the skill sets you need to possess in order to get a job in your chosen field. We also have some delightful case studies from previous placement students to give you an insight into what they do on a day-to-day basisView Industry Zones
We’ve got more than 50,000 reviews of undergraduate work experience schemes, all of which were written by the students who completed them. Think of it as like TripAdvisor, but for placements instead of hotels in Crewe. The reviews reveal information about what it is like to work for a particular company, what the office culture was like, salary, and the social opportunities available outside of work.Browse Reviews