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Funding & Sponsorship
What's the Deal with Sponsorship
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Industrial Sponsorship -
also known as student sponsorship, is usually
offered either in the third or the fourth year
of a university degree course. Under this type
of sponsorship, students may complete either a
summer vacation placement or a full year out
industrial placement, as part of their degree
programme.
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Full Course Sponsorship -
fewer opportunities are available for full
course sponsorship. In recent years there has
been a decline in the number of companies
offering full sponsorship. Through this type of
sponsorship scheme, an employer sponsors a
student for the full duration of their degree or
diploma course.
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However, most companies
prefer to offer industrial sponsorship, which is
seen to be more beneficial to both the
individual and employer. For the individual it
means that they are not tied to one employer for
the duration of their course. From the employer
perspective, they have a record of an
individual's performance on the course, and
benefit from having students who have already
gained a wide range of skills from their degree
course.
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A Guaranteed Job? - One of
the prime reasons for companies offering
sponsorship schemes is to try and attract the
very best graduates early on in their career
cycle. However, sponsorship does not guarantee
you a job offer, although it may well lead to an
offer. It is also worth remembering that you are
under no legal obligation to accept a job offer
from your sponsor.
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FACT - Companies can
recruit up to 50% of their graduate intake
through industrial placements (Source: Target
Engineering, GTi)
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