Retail: Work in one of the biggest industries in the UK
If you’re in any doubt about how big the retail sector is, you just have to take a stroll down your local high street on a Saturday afternoon to see all the shoppers out in force.
Retail is a crucial part of the national economy. Consumer spending makes up more than half of the UK's gross domestic product (GDP). With over 3.3 million of people employed in retail in the UK, it’s an area of mammoth opportunity.
All head offices of major retail companies will have roles across a variety of industries, from financial to design, HR to marketing. There is something for any undergraduate.
Retail Internships and Work Experience
On retail work experience, whether it’s a placement scheme or undergraduate internship, you’ll be placed in a position of responsibility, meaning you’ll be able to learn a lot in a short space of time, like how to manage others, deal with pressure and work in a fast-paced environment. You can also take onboard real-world experience that you can reference in future graduate interviews.
Retail expertise will set you apart from graduates who haven’t got practical experience to draw upon, giving you a better chance of success when applying for graduate positions at some of the UK’s biggest companies, like
John Lewis and Marks & Spencer.
What is FMCG?
Fast-moving consumer goods (FMCG) is a term that refers to all those little things that make modern life great. Think about your favourite cosmetics or fragrance, the one that never lets you down. Think about all the hygiene products you use daily, such as toothpaste, soap and shower gel. Throw in razors, detergent and food & drink products – and that’s by no means the complete list of FMCG products – and you have yourself a huge industry!
The FMCG sector is one of the largest in the business world. Unlike many other industries that are service-orientated, FMCG is a highly-profitable sector operating on a global scale.
FMCG companies like Coca-Cola, Nestle and L'Oréal are mainstays of Forbes’ most valuable global brands list, while the
Food and Drink Federation says the industry will need tens of thousands more workers by 2019.
FMCG Career Opportunities
As you can probably guess, an industry this large offers many opportunities in all fields. If you’re creative, ambitious and able to understand what consumers want and how you can reach them, you’ll always have a role in FMCG.
Talented people are needed in important roles like market research, product design, product development and supply chain management. It probably comes as no real shock that, thanks to the size of companies in the retail & FMCG sector, graduates from all degree-backgrounds are needed to help them thrive.
Degrees in science, design, marketing, business, finance, psychology and economics are just some of the ones employers will need, but a strong degree in virtually any discipline, with work experience to boot, can help you secure a graduate job in this industry.