What is a graduate contract?

A Graduate Contract is a formal agreement offered by an employer to recent graduates, typically outlining the terms of their employment, such as duration, salary, responsibilities, and opportunities for training or progression. These contracts are common in graduate schemes or programs, helping new graduates transition from university to the workplace. They often provide structured support, mentoring, and a clear career path for the duration of the contract, which can range from one to three years. Upon successful completion, graduates may be offered permanent positions within the organization.