The following is in no way a journalistic attempt at slapping manipulated stats in your face to argue a point, but a simple analysis between two options. now that we’ve got that out of the way, we begin:-
What attracts a graduate to a company can be boiled down to to 3 things – Money, Benefits & Development.
Money
a £3500 gap between the average salary from an SME and a MNC would seem to back up your preconception that you are better off with a Large company but on futher analysis, putting into consideration tax, student loan & National Insurance.
[Data based on a 5 day working week, when a salary range is quoted an average figure is taken]
You find for every working day with an MNC you stand to earn £8.08 more and £175 more in a month.
Benefits and other Perks
Any good company regardless of size will offer you a realistically good pension plan and knowing that most engineering companies have turnovers of over £1M there is no reason why they shouldn’t. In the case of other perks of the job, ask yourself, would free gym membership be the reason why you join a company.
Development
An SME might not offer you an elaborate training scheme but just simply allow you to learn by doing and might even throw you in the ‘deep end’ hoping you’ll swim, I work for an SME and this has certainly been the case. I taught myself how to use CATIA amongst other things, after which I was simply allowed to use it in real cases and i am treated as another Engineer, a colleague and not a Graduate Trainee.
If you’ve read this thinking i was going to finish with a statement like – “David (SMEs) beats Goliath yet again”, you will be terribly mistaken as I’ve already proven above. What you will notice is that the gap is not as huge as you have preconceived when you began reading this post.
If all the arguments above still doesn’t seem to convince you to give an SME a chance, consider your alternatives … if you have any.
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