Lloyds Bank is one of the largest financial institutions in the United Kingdom, offering a wide range of products and services to customers across the country. The bank is also committed to developing the next generation of leaders in the financial industry, through its graduate schemes.

What are the Lloyds graduate schemes?

The Lloyds graduate schemes are designed to provide recent graduates with the skills and experience they need to succeed in the banking industry. There are several different Lloyds graduate schemes available, each tailored to a specific area of the bank. For example, there is a scheme for those interested in corporate banking, another for those interested in risk management, and another for those interested in technology.

Lloyds graduate scheme
Source: Lloyds Banking Group

What are the different types of Lloyds graduate schemes?

There are several different types of graduate schemes available at Lloyds Bank, each tailored to a specific area of the bank. The 2023 Lloyds graduate schemes include:

Actuarial Graduate Programme

The Lloyds Actuarial Graduate Programme is a specific graduate scheme offered by Lloyds Bank for those interested in pursuing a career in actuarial science. Actuaries are professionals who use mathematical and statistical techniques to assess and manage risk in the insurance and financial industries. It lasts for 2 years, offering graduates the opportunity to gain valuable skills and work towards an Institute and Faculty of Actuaries (IFoA) professional qualification. While here, you’ll gain a £35,000 salary.

Business Graduate Programme

If you’re interested in global business, this Lloyds graduate scheme could be great for you! The Business Graduate Programme provides a holistic insight by focusing on four key areas, including project management, HR, and IT. The salary stands at £30,000 and lasts for two years. During the programme, you’ll work towards a Level 5 Diploma for Leaders and Managers.

Insurance Graduate Programme

Like the Business Graduate Programme, this Lloyds graduate scheme pays £30,000 salary and lasts 2 years. There are four six-month placements, two of which are in the corporation and two are market-based. The role on the Insurance Graduate Programme is varied and includes everything from working in their Innovation Lab to alongside the Market Intelligence team. While on this scheme, you can study for ACII qualifications and complete the Level 6 Senior Insurance Professional apprenticeship standard.

Markets Insurance Graduate Programme

Over the course of two years, the Markets Insurance Graduate Programme allows you to complete your L6 Senior Insurance Professional and ACII advanced diploma. You’ll gain first-hand experience in global business operations for insurance. This Lloyds graduate scheme includes four placements and pays £30,000.

How long do the Lloyds graduate schemes last?

Each Lloyds graduate scheme lasts 24 months and is composed of a number of placements of different lengths. Participants will have the opportunity to work on real projects and receive on-the-job training and mentoring. They will also have the opportunity to network with other graduates and senior leaders within the bank.

Lloyds graduate scheme
Source: Lloyds Banking Group

How can I apply for a Lloyds graduate scheme?

To apply for a Lloyds graduate scheme, you will typically be required to be on track for a 2:2 or higher from any university. You will also need to complete an online application, which, if successful, leads to an online strengths-based assessment. The next stage will be a video interview followed by an invitation to the assessment centre.

In summary, Lloyds graduate schemes offer recent graduates an opportunity to gain valuable skills and experience in the banking industry. It offers a variety of schemes in different areas, from corporate banking to technology. To be eligible, you need a 2:2 degree and possess the desired skills.

Overall, a Lloyds graduate scheme is an excellent opportunity for those looking to start a career in the banking industry. It provides the necessary training and experience for success in the field. So if you want to be part of a reputable and well-established bank, then Lloyds graduate schemes are the right choice for you. If you’re not sure if a graduate scheme is for you, take a look at some other options after graduation.