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London Treasurers' Graduate Finance Scheme

The London Treasurers' Graduate Finance Scheme is a government run finance based cross-borough London council graduate scheme. It offers graduates the chance to work in finance within local government in London, at one of 17 London councils partaking in the scheme.

The scheme is a four year contract, providing a mix of operational and project work, aimed to coach graduates to become finance professionals, set for a management level position.

The scheme will support candidates through the Chartered Institute of Public Finance & Accountancy (CIPFA) Professional Qualification. CIPFA is the only chartered body in the world to specialise in public sector finance.

Trainees will contribute to the full ranges of accountancy and finance work within the Borough they are placed in and will undertake work placements and formal training to achieve membership of CIPFA (Chartered Institute of Public Finance & Accountancy). A structured programme will be provided for each trainee to ensure their work experience meets the needs of their formal studies.

Approximately 40 candidates are hired each year, across the 17 participating London councils.

Application Requirements

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Candidates should either have, or expect to obtain, a degree in any subject, as long as it is a minimum grade of 2:2. Candidates should also have GCSE Maths and English or equivalent (Grade C or above), strong numeric, writing, oral and presentation skills, a high degree of computer literacy and good time management skills.


Interview & Assessment Process

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The recruitment process comprises the following stages:

  • Online application form
  • Online numerical reasoning test
  • Telephone interview
  • Assessment centre (held in central London).
  • Final stage interview (held at two of your preferred participating Boroughs)

The interview process is generally completed by Easter each year and start dates will be between May and August, depending on candidates' availability.

The telephone interview will explore some of the information you provided in your application form and the behaviours and personal attributes which have been identified as essential for successful job performance.

Successful candidates will then be invited to attend a half day assessment centre in London to be held during February.

The assessment centre will comprise a number of exercises designed to assess the skills required and will provide you with an opportunity to find out more about the scheme.

Final interviews with the participating London Boroughs will be held in March, after which offers of employment will be made to successful candidates in early April.

beverage

Has anyone else applied for this scheme? I am waiting for my result from my application form. This looks like a really intersting alternative to accountancy firm training.

darrenc1986

Yeh, I applied for this job. How's ur application going? I thought the same. I think working in the public sector will bring a whole new level of job satisfaction to an accountancy/finance role.

Redsuperted

Plus, you won't get made redundant like you would in the private sector right now!

beverage

hey yeah just completed my online tests yesteerday so am waiting for my results, how about you? How far into the process are you?

Lou1986

hey, you did the online test? how was it? what are the maths questions like? good luck with everything x

beverage

hi, the online test was fine, same as most others maybe a little bit simpler, lots of % stuff etc and adding up really.

Lou1986

oh that doesnt sound to bad, thanks for the reply ;) x

Nnena

hiya am waiting from mine to, hi beverage could you tell me the content of the online test ie: did it weight more on ratios and % (are the test all the same), also how did you find intrepreting the questions to dervive the answer, thanks and good luck

as3105

is the online numerical test from SHL or PSL?

beverage

Hi, the tests are from the SHL website and prob that same standard as their practise test on the website. As far as I remember there were no or not many ratios, mostly percentages and working out things from given % etc. If you practise them and are happy with maths you will be fine! goodluck all

beverage

Sorry Nnema i didnt really answer you r question...

- regarding interpreting the question just take your time and make sure you understand what they are asking once you know that deriving the answer is probably the easy part. I found I was not as rushed for time as I have been in other tests and managed to answer all the questions so you should be able to take your time making sure you understand what they are asking first.

- the test is not all the same you got a new graph/table every two or three questions I find it easier to briefly look at the question before the info so i have a vague idea first what to look for.

Hope this helps and good luck

Nnena

hi beverage thanks for tyhe insight another q i wanted to ask (everyone can suggest the answer) was on the shl practice q where they were 39 q - i cant seem to get the answer to work it out, i just wanted to know if anyone has done it and gone the right answer and if the could explain their working out - the q's was

q 11: if the tax bill for this year was £20,000 which was an increas of 25% from last year how much was paid out on expenses that year?

q5: If the number of bus passengers who are under 35 decreased by 0.8% next year, and 11% of this age group travelled by bus axpromaitely how many commuters would be under 35?

Thanks - am open to anyone method of working them out

Bongylong

Anybody got to telephone interview stage? Any tips?

as3105

I have mine this Wednesday, I'm guessing it will only be based on the competencies mentioned on their website. it says we should be able to "Demonstrate an understanding of the financial and political environment in which the local government operates. Aware of the role of local government finance." so i'm going to have to read up on that

Bongylong

Yeah think I'm just going to discuss regeneration projects like the Olympics and also discuss the piramry PFI contracts that are in the London Borough. Im sure you've already found it but public finance co uk has some interesting articles, shall keep u poted on how it goes!

as3105

I have been invited to the assessment centre, has anybody else heard back from them?

Bongylong

I still haven't heard the results from my telephone interview, when did they contact you? Was it by email? Congratultions on getting through, u must have really nailed the competencies, which i think i flunked!!

rebranded

hey guys, just got my invite to the assessment centre (yay!) My interview was Friday 30th Jan so about a week and a half ago. Anyone booked in an assessment centre yet?

Good luck to everyone!

awestoby

Hi, yeah i booked my assessment centre yesterday, its for 19th Feb...

as3105

I had my interview last thurs and heard on monday. I've booked myself for the 24th

rebranded

I've booked myself for 24th too. If you are going in the morning as3105, see you there. didn't know we had to do a presentation...

as3105

yeah it is! see you there :) I called them and they said they will send us info on the presentation nearer the date

Sharde7

I did my telephone interview about 2 weeks ago and am waiting for them to get back to me. They said they’re in the process of doing so now. Is anyone else standing by? Also, has anyone had the assessment centre? If so, how did it go etc.? Any comments would be greatly appreciated!

enni1ere

1

Scratch

Hi, Has anyone else applied for the scheme this year?

nikmishin

I did. Just had my online test and got a telephone interview booked for next Monday. What about you? Do you have any idea what they'll ask in the interview?

Scratch

I just took my online test, kinda messed it up though so not sure i'll be getting through. How long did it take them to get in touch after the test?

nikmishin

About an hour, no more. But you shouldn't worry because sometimes they can take longer.

ace123

hey nikmishin,

what questions were you asked for the phone interview? I've got mines this week.

Thanks

nikmishin

Hello ace123,

It was a competency based interview trying to find out about very specific examples that show my skills. They asked things like:

Tell me about the time when you had to overcome some obstacles and how did you do that. When was the last time you had to work against a deadline, how did you plan your time? Tell me about the time when you showed problem solving skills.

Also they asked about the CIPFA qualification, what modules will you be expected to take ( I thought the interviewer ment What modules wil you choose, and I got confused as there isn't a choice!)

What are the main challenges for local governments (in general, not just London local authorities).

I felt better about this interview than about my previous one when they couldn't rephrase or ask any follow up questions as there was a strict list of them. With London Treasurers when I didn't ask the question very directly the interviewer kept asking and asking followups to get me back on track. I don't know if it's good or bad, but at least I knew they cared more.

I wish you the very best of luck with your interview and do no worry!

TZ
TZ

hey guys how long was your interview for this? I have one coming up on friday, and when practice mine it only takes 23 mins! :s any tips on how i can add more? i believe that I am covering every aspect tho and in detail!

nikmishin

Don't worry, mine only took 25 mins. Well, it could have been a bad indicator though. The interviewer spent about 3 minutes explaining what it all was going to be about, what they would like to test, when they would need examples etc. So 23 mins of pure answers is very good. Btw, do the 23 mins include time for asking questions?

TZ

no mine was 23 altogether including the question and i took a minute for the interviewer to explain it to me. thats how long it took for another one of my tele interviews. think i might just add something...even tho i dont want to cause i feel what i have prepared is good!

hellohello

Results today?

nikmishin

Sorry, but what do you mean? Are London Treasurers telling people the results of te telephone interview today? How do you know? They told me I'll have to wait for 2-3 weeks.

hellohello

The first AC is on the 16th so I'm pretty sure we will be hearing the results very shortly.

sabina4321

Hello everyone, i have gone through to the Assessment Stage, has anyone else been invited? please let me know.....im so nervous!

Gina18

Hi. I'm through to the assessment centre as well. I'm worried about the presentation. How's yours going?

ravi_cshah

Any tips for the Assessment Centre?

longtallsal

Hey Everyone,

I've got my assessment centre this wednesday, and I was wondering if someone who has already gone can share their experience?

i.e. what did the interview cover, how was their presentation, group ex etc.

Thanks!

sabina4321

I was just wondering, has everyone got the same presentation topic?

 - Strategic challeges that face the local govt finance
also does anyone know a particular link to read, or the best approach to prepare.

does anyone know what kind of questions will be covered in the interview, they wouldnt repeat the ones in the telephone interview, right?

can the previous attendees of the assessment centre please share your experiences.

Thanks

pmyakg@nottingh...

Hey, I'm due to go to the assessment centre this week. Any chance of giving me any tips? e.g Group Exercises, what sort of questions did they ask you about your presentation, written exercise

I'd be very grateful if you could help me

thanks

RS3

Hi

I also have an AC this week, any tips about the various exercises?

The interview on the day, surely most of the stuff was covered in the telephone interview?

Would really appreciate any feedback!

Cheers

pmyakg@nottingh...

has anyone heard anything post AC?

hellohello

I think we will find out by the end of the week.

RS3

Yup they mentioned at the AC it'll take a week to a week and a half.

Hopefully we'll get some news by Friday.

Good luck to all.

Cheers

RS3

RS3

Btw have the AC details now been removed from your online account?

Mine were there up until yesterday.

RS3