1. Can I apply for the 2018 program if I am still studying?

    Yes you can. You must complete your undergraduate or post graduate degree by the end of 2017 at an Australian tertiary institution and be available to commence full time employment in January 2018.

    All roles offered within the Super Grads program are full-time positions. What is also required of all applicants is an interest in working in the superannuation industry, as well as a genuine desire to make a difference to the quality of retirement of working Australians.


  2. Can you provide more details about the selection process?

    Applicants may be required to complete four stages of selection:

    1. Online Application - to collate your personal education and professional information, and explore your reasons for applying for Super Grads. Applications open from August 2017.

    2. On line video - once the recruitment team has assessed your application after the closing date, shortlisted candidates will be invited to complete a video interview. Shortlisted candidates will receive this invitation to the email address that they applied with, so it is important to keep a regular eye on your inbox.

      Once you receive an email with all the details on how to complete the video, you will have an opportunity to have a practice question before your start recording. Video interviewing will take place in September 2017.

    3. Group Interviews - all successful candidates from the video interview stage will be invited to attend a group assessment centre in your capital city (CBD). The purpose of the group interview is to explore your compatibility with the values of the industry and your ability to communicate and interact with others. This is your chance to find out more about your employer and showcase your skills!

      Group interviews are likely to commence in late September/October 2017.

    4. Individual Interviews - those applicants who impress at group interview stage may be selected for individual interviews with your future employer. These are likely to occur in October 2017 with a hiring manager.

    5. You will be required to provide the contact name, email address and telephone number of two referees in order to complete the reference checks. We ask you to kindly contact your referees and let them know about the opportunity you have been short listed for, so they are prepared to discuss your background and skills with our recruitment team. Reference checks are likely to take place in October 2017.

    6. Successful applicants will notified in late October/November 2017.


  3. What technical training will be provided during the program?

    During the twelve month training program, participants will undertake RG146. This nationally recognised course is widely considered a necessary pre-requisite qualification for most roles in the superannuation industry and is the first module of the Diploma of Financial Services (Superannuation).

    Graduates also attend formal facilitated training during our two residential weeks to learn the history, context and objectives of all profit-to-member funds, and strengthen their employability skills including project management, business process and emotional intelligence. Graduates will also have the opportunity to design a professional development plan in consultation with their manager to attend other seminars, soft-skills training, workshops and conferences during the twelve month program. Some training is included in the residential program, while others are in alternate work time and interstate travel may be required depending on the professional development opportunities selected.

    In addition, graduates will also attend the Conference of Major Superannuation Funds (CMSF) - the leading three day conference for profit-to-member super funds which will be held in Brisbane in 2018.


  4. Do I need to pay for the Super Grads program?

    Absolutely not! The cost of the program is covered by the employer you are placed with. All training and travel expenses required for the program are also covered so there is no out of pocket expense to graduates. All Super Grads are also paid a competitive salary by their employer just like any other employee.


  5. Will the cost of attending training be covered as part of the program?

    Yes, the cost of the training as well as flights, accommodation and meals for interstate attendance, will be covered as part of the program.


  6. Who are the participating employers?

    You could be employed by an industry superannuation fund, ME Bank, administration provider, investment house or other superannuation related entity that shares the values of profit-to-member ethos.


  7. When will the Super Grads program start?

    The program will commence January 2018 and run for 12 months on a full time fixed term contract. Depending on your performance and the business requirements, your Employer may choose to offer you an ongoing employment contract after you have successfully completed all the requirements of the program.

    A high number of Super Grads are offered permanent employment with their employer following the completion of the intensive graduate program and carve a successful career as future leaders in the superannuation industry.


  8. Why was the Super Grads Program developed?

    The objectives and philosophy of the industry superannuation funds differ significantly from that of mainstream financial institutions. Profit-to-member super funds return all profits generated through investments to their members rather than to shareholders - they exist to serve the members.

    Since 2004, the Super Grads program has assisted the sector in sourcing and developing graduate talent by providing a program that develops future industry leaders that understand the objectives and origins of profit-to-member ethos to achieve positive outcomes for members.


  9. What is the salary range for a Super Grads?

    Many of our Super Grad candidates are new to Industry Superannuation, or are beginning their professional careers. The base salary for Grads will vary from $50,000 - $65,000 dependent on experience and discipline of study.

    Please note that base salary does not include superannuation or other entitlements that are paid in addition to base salary. Alternative arrangements may be negotiated at the discretion of the employing fund or organisation to comply with internal classification structures or based on experience.


  10. What are not-for-profit super funds?

    Profit-to-member super funds include industry funds, corporate funds and public sector funds. All profits (less administration and investment costs) derived from investment returns are returned to members.

    Industry funds are multi-employer funds, usually covering employees in one or more industries. Examples include: Australian Super, First State Super, Frontier Advisors, ME Bank, HESTA, VicSuper.

    Public sector funds are designed for government employees, with separate funds operating at local, state and federal levels.

    Profit-to-member super funds:

    • Generally charge lower fees to their members than retail funds
    • On average have had consistently better investment returns than retail funds
    • Have joint employee and employer representatives on their trustee boards
    • Are solely committed to maximising the retirement incomes of their members, rather than providing returns to shareholders


  11. I have more questions about the program. Who do I ask?

    You can email us at aistsupergrads@aist.asn.au


Super Grads is an initiative of: