FAQs

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

    You must have completed your undergraduate studies prior to commencing with the program in February 2018. If you are still studying (for example completing a post-graduate course), but are willing to complete your studies part time during the program (i.e. night school or distance education), you may apply for the program providing you clearly indicate this on your application. All roles offered within the Super Grads program are full-time positions.

     

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

    Applicants are required to complete three stages of our selection process:

    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 salary by their employer just like any other employee.

     

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

    Applicants may be required to complete three 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 mid-2017.

    2. Group Interviews - to explore your compatibility with the values of the industry and your ability to communicate and interact with others. Group interviews are likely to commence in late August/early September 2017.

    3. Individual Interviews - those applicants who impress at group interview stage may be selected for individual interviews with interested employers. These are likely to occur in September/October 2017.

    4. Successful applicants will be notified in October/November 2017.

     

  4. 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.

     

  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. If I am not a permanent resident of Australia, am I still eligible to apply?

    No, applications will only be accepted from applicants who already hold Australian permanent residency or citizenship, or will hold Australian permanent residency when the program commences in February 2018.

     

  7. Is having a tertiary qualification essential to apply for the program?

    Yes, tertiary qualifications in any discipline will be well regarded. What is required of all applicants is an interest in the superannuation industry and financial education, as well as a genuine desire to make a difference to the lives of working people.

     

  8. I don’t have a qualification or experience in finance. Should I still apply?

    The Super Grads Program is open to any person with an interest in the superannuation industry or financial education that has a genuine desire to make a difference to the lives of working Australians.  Super Grads recruits participants for a number of different roles within the superannuation industry that are not necessarily finance or investment-oriented. The diversity of skills and practice areas of each of the Super Grads participants is one of the unique aspects of the Super Grads Program.

     

  9. Who are the participating employers?

    You could be employed by a superannuation fund, bank, administration provider, investment house or other superannuation related entity. 

     

  10. When will the Super Grads program start?

    The program will commence early February 2018 and run for a period of 12 months. Employers may choose to offer a one year contract for renegotiation at the end of the program and others offer an ongoing employment contract. Most Super Grads are offered ongoing employment within the industry following the completion of the graduate year but there is no guarantee of employment at the conclusion of the program. This can be discussed with participating employers at the final one-on-one interviews.

     

  11. Why was Super Grads developed?

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

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

     

  12. 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 be $45,000 - $55,000 dependent on experience.

    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.

     

  13. 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: HOSTPLUS (hospitality) and MTAA (Motor Trades).

    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

     

  14. 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:

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