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<blockquote data-quote="Jessica Booker" data-source="post: 16412" data-attributes="member: 2672"><p>I think this comes from eligibility of vacation schemes. Firms will often say you have to be a second year law or third year non law for their Vac Scheme programmes, and ultimately they then convert a higher proportion of those people. Apart from that though, I don’t think this really exists and again is just a myth perpetuated by Chinese whispers and speculation.</p><p></p><p>People often ask me why firms restrict the year groups for vacation schemes. There’s a range of reasons for this, but they tend to be one or more of the following:</p><p></p><p>- it helps the time lag of recruitment. If you are open for 2022 TCs now, a penultimate law UG or a final year non-law grad are the most appropriate people to target </p><p></p><p>- people who are beyond these stages have a higher risk of declining the offer to try and find something that starts earlier. There is always a question of “what will you do with your time off” to anyone who will have a gap at some stage between now and starting a TC</p><p></p><p>- it helps reduce application numbers. If you are a small team of say 2-4 people running graduate recruitment, screening 2,000 application forms is a lot more efficient than screening 6,000</p><p></p><p>- there is a much higher risk of someone turning down your vacation scheme where they have got a TC offer elsewhere, or worse take your Vac Scheme up, but know they will never accept your offer because they have a TC. Therefore managing vac scheme programmes is easier with people who may not have committed to a TC yet (eg penultimate year/final year law). However, this is born from the old recruitment system where you couldn’t make someone an offer until the 1 September (which changed in 2013 or 2014 from memory).</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 16412, member: 2672"] I think this comes from eligibility of vacation schemes. Firms will often say you have to be a second year law or third year non law for their Vac Scheme programmes, and ultimately they then convert a higher proportion of those people. Apart from that though, I don’t think this really exists and again is just a myth perpetuated by Chinese whispers and speculation. People often ask me why firms restrict the year groups for vacation schemes. There’s a range of reasons for this, but they tend to be one or more of the following: - it helps the time lag of recruitment. If you are open for 2022 TCs now, a penultimate law UG or a final year non-law grad are the most appropriate people to target - people who are beyond these stages have a higher risk of declining the offer to try and find something that starts earlier. There is always a question of “what will you do with your time off” to anyone who will have a gap at some stage between now and starting a TC - it helps reduce application numbers. If you are a small team of say 2-4 people running graduate recruitment, screening 2,000 application forms is a lot more efficient than screening 6,000 - there is a much higher risk of someone turning down your vacation scheme where they have got a TC offer elsewhere, or worse take your Vac Scheme up, but know they will never accept your offer because they have a TC. Therefore managing vac scheme programmes is easier with people who may not have committed to a TC yet (eg penultimate year/final year law). However, this is born from the old recruitment system where you couldn’t make someone an offer until the 1 September (which changed in 2013 or 2014 from memory). [/QUOTE]
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