Limited roles, quite a number of people who stay in higher roles for quite some time making movement up largely a waiting game
Good if you are in syd/melb. Terrible if you are in other states.
Promotion possibilities are really good, grads have ample opportunities and many progress to senior leadership - there are many opportunities to fulfil your potential as you have mentors, buddies, networking events etc. - if you make the most of your opportunities then you are set up for success
I was able to progress off the graduate program after 15 months on the program, in a job I really wanted.
At the moment it’s looking pretty bleak - we have a bank wide hiring freeze with no end date in sight. Some say it could go on for months. As graduates we aren’t exempt, so although we were under the impression that we’d secure a role after 18 months, many of us are still in limbo. I feel that if you have young, aspiring talent coming through the organisation, it would be wise to look for ways to retain and support them. People are anxious and unsure about the freeze, and there’s a real risk of losing graduates the bank has trained for 18 months - for nothing, really. It’s an unprecedented time, but there has been essentially zero communication to graduates about what’s going on or what support is available. There’s even a rumour circulating that grads may be placed in the call centre temporarily while the freeze continues. While we’re not sure how true it is, hearing this from multiple sources only adds to the unease. Who wants to work hard at uni, land a grad role with the expectation of a permanent position, only to be placed in a call centre for an indefinite period? the only options seem to be to sit on our hands and possibly wait (potentially for months) for roles to open up, or to find employment elsewhere leveraging our grad experience. The latter feels like a shame after the time and energy we’ve spent here.