How to Prepare For the NatWest Graduate Scheme in 2024 – A Complete Guide
Updated December 7, 2023
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- What Is the NatWest Finance Graduate Scheme?
- NatWest Graduate Scheme 2024 Opportunities
- The NatWest Group Graduate Scheme Application Process
- What Is Included on the Natwest Online Assessment?
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- Example Questions on the Natwest Online Assessment
- The NatWest Interview Stage
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- What Happens at the Assessment Centre?
- How to Prepare for the NatWest Graduate Application Process
- Frequently Asked Questions
- Final Thoughts
What Is the NatWest Finance Graduate Scheme?
NatWest is one of the biggest banks in the UK. It serves more than 19 million customers.
NatWest is part of the Royal Bank of Scotland Group (RBS). NatWest, also known as National Westminster Bank, became part of The Royal Bank of Scotland Group in 2000.
This integration was part of a larger consolidation in the financial services sector during that time. Despite the merger, NatWest has continued to operate as a distinct banking brand, although many of its back-office functions have been merged with those of the Royal Bank, leading to significant changes in the organization.
Every year, NatWest opens the doors to the NatWest Graduate Scheme for recent graduates looking to kickstart their careers in the banking and financial industry.
NatWest offers various graduate schemes across different business areas, such as the NatWest finance graduate scheme.
NatWest also provides opportunities in technology, risk management and customer service. This gives graduates a structured opportunity to build a strong foundation for their careers.
The NatWest group graduate scheme is a great opportunity for new graduates to learn and grow within a well-established financial institution.
Prepare for the NatWest Application Process with JobTestPrep
NatWest Graduate Scheme 2024 Opportunities
The NatWest group graduate scheme offers diverse opportunities for recent grads to kickstart their careers in finance.
Its NatWest graduate program caters to various interests and talents, ensuring each graduate finds their perfect fit.
- NatWest Finance Graduate Scheme – Ideal for future financial professionals, this program offers a comprehensive experience in financial domains. From analysis to strategic planning, graduates will develop skills to thrive in banking.
- NatWest Markets Graduate Scheme – Tailored for those interested in global markets and trading, this scheme delves into investment banking. Graduates gain insights into market trends, risk management and financial strategies.
- NatWest Risk Graduate Scheme – Designed for risk enthusiasts, this program equips graduates to navigate the complex landscape of risk management. From credit risk to operational risk, participants play a vital role in safeguarding NatWest’s financial integrity.
- NatWest HR Graduate Scheme – Suited for those passionate about people and organisational development, this program provides a deep dive into HR. Graduates learn talent acquisition, employee relations and organisational culture, contributing to our workforce’s growth.
- NatWest Asset Management Graduate Scheme – Tailored for those fascinated by investments, this scheme opens doors to asset management. Graduates work on optimising portfolios, analysing market trends and making strategic decisions for clients.
- NatWest Wealth Management Graduate Scheme – Crafted for those interested in providing personalised financial advice, this program focuses on wealth management. Graduates learn to understand clients’ financial goals and navigate the evolving landscape of wealth management services.
- NatWest Marketing Graduate Scheme – Perfect for creative minds with a flair for strategic communication, this program offers a pathway into marketing. Graduates develop and implement innovative marketing strategies, enhancing the NatWest brand in a competitive market.
The NatWest Group Graduate Scheme Application Process
There are four stages of the NatWest application process.
Each stage plays a crucial role in selecting candidates who align with NatWest’s values and goals.
- Online Application – This gives applicants the opportunity to showcase their skills and articulate why they are a perfect fit for a role with NatWest.
- NatWest Online Assessment – This involves a series of assessments designed to evaluate various skills and competencies relevant to the specific graduate scheme applied for.
- NatWest Interview – This may take various forms, such as competency-based interviews, behavioural interviews or technical interviews, depending on the nature of the role.
- NatWest Assessment Centre – This is a comprehensive evaluation that often includes a range of exercises like group tasks, case studies or additional interviews.
What Is Included on the Natwest Online Assessment?
The NatWest Online Assessment comprises three integral parts. Each part demands a high level of proficiency as only the most exceptional candidates progress to subsequent stages.
Stage 1: The Natwest Work Scenarios Assessment
This stage mirrors a situational judgement test. It evaluates your capacity to navigate and respond to various work-related scenarios
- There are 14 work-related scenarios awaiting your consideration
- You’ll encounter statements and be tasked with determining whether each one is more or less effective in the given scenario
- While there’s no strict time limit, candidates typically take around 20 to 25 minutes to complete this assessment
- Keep NatWest’s values in mind as you work through the scenarios
- After completion, you’ll receive valuable feedback to guide you on your journey
Stage 2: The Natwest Reasoning Skills Assessment
This stage is a cognitive test designed to evaluate your reasoning abilities. This provides a holistic assessment of your cognitive skills.
- This assessment focuses on your problem-solving, numerical and reasoning abilities
- There are 24 questions presented in an activity-based, interactive format
- Aim to answer all 24 questions within a 36-minute window
- Use the practice questions at the beginning to familiarise yourself with the format
- You can use a pen, paper and calculator in this test
- After completing the assessment, candidates receive a feedback report
Stage 3: The NatWest More About You Questions
In this stage, candidates engage in a pre-recorded video assessment.
This provides a platform to showcase previous experience and potential and gives you the chance to show who you are and how you approach challenges.
To excel in this stage, familiarise yourself with NatWest’s critical people capabilities.
You’ll respond to six questions posed by a NatWest colleague. Some questions may require examples of how you handled specific scenarios, while others present hypothetical situations, prompting you to articulate your response.
Plan for approximately 20 minutes to complete this video assessment.
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Scenario:
‘You are working in the NatWest Finance team and you notice that a colleague has made a significant error in a financial report that could potentially impact a client’s investment decisions. The report is scheduled to be presented to the client in a few hours’.
Possible Responses:
a) Immediately approach your colleague and inform them of the error. Work together to rectify the mistake before the client presentation. If necessary, escalate the issue to the team lead to ensure a timely resolution.
b) Decide to fix the error quietly without involving your colleague. You feel it’s better to avoid confrontation and ensure the client presentation goes smoothly. You believe addressing the mistake after the presentation would be more appropriate.
Scenario:
‘You are managing a team working on a critical project with a tight deadline. One of your key team members unexpectedly falls ill and is unable to contribute for the next few days. The project’s success is at risk’.
What is the most effective course of action?
a) Assign the missing team member’s tasks to others in the team, redistributing the workload to ensure project continuity. Communicate with the client about the situation and propose a revised timeline.
b) Inform the client about the team member’s illness and request an extension on the deadline. Wait for your team member to recover before making any changes to the project plan.
c) Attempt to complete the missing team member’s tasks on your own to meet the original deadline. Avoid informing the client until the team member is back to avoid unnecessary concerns.
d) Hire a temporary contractor to fill in for the absent team member, ensuring that the project stays on track without affecting the original timeline.
You are analysing the financial performance of a company. In year one, the company’s revenue was £2.5 million. In year two, the revenue increased by 15%
What was the total revenue in year two?
a) £2.25 million
b) £2.75 million
c) £2.87 million
d) £2.92 million
The NatWest Interview Stage
The interview stage stands as a pivotal phase in the NatWest graduate schemes.
The focus is on evaluating a candidate’s experience and skills in alignment with the specific requirements of the graduate position.
Every role, whether it’s for an internship or a graduate scheme, requires candidates to embody certain Critical People Capabilities.
These capabilities are a compass for assessing candidates’ suitability for the dynamic and innovative environment at NatWest.
1. Improver Innovator
Candidates are expected to bring forth and champion new ideas, innovative ways of working and customer improvements.
Embracing a mindset of continual learning from experiences, a digital focus and technological adeptness are key attributes.
2. Change Ready
NatWest seeks candidates who are open to continual growth and thrive in an environment of change.
Resilience, adaptability, curiosity and a willingness to learn are essential qualities for those ready to navigate the evolving landscape.
3. Critical Thinker
The ability to comprehend the bigger picture, using information, data and insight to solve problems and make informed decisions, is crucial.
Attention to detail and the capability to simplify complex situations are hallmarks of a critical thinker.
4. Connected
NatWest values candidates who naturally collaborate, transcending divisions to unite teams.
Sharing knowledge, appreciating differences and advocating for fairness are integral to fostering a connected and collaborative work culture.
5. Trusted Advisor
Candidates are expected to be credible and knowledgeable, staying abreast of new information and incorporating external perspectives.
Building trusted relationships based on warmth, empathy and emotional intelligence is foundational to the role of a trusted advisor at NatWest.
What Happens at the Assessment Centre?
The Assessment Centre is the final stage in the NatWest application process for graduate positions.
It is currently completed online as a virtual assessment.
This rigorous evaluation includes a combination of interviews, solo exercises and group exercises.
During interviews, candidates can elaborate on their qualifications, experiences and alignment with NatWest’s values.
These sessions cover technical competencies and behavioural aspects to provide a comprehensive understanding of each candidate.
Solo exercises are designed to challenge candidates’ problem-solving skills, decision-making abilities and the practical application of knowledge.
These tasks allow individuals to showcase their unique strengths and strategic thinking.
Group exercises assess collaboration and teamwork, essential qualities at NatWest.
Candidates demonstrate their interpersonal skills, leadership potential and ability to contribute positively to collective goals.
The Assessment Centre is acknowledged as one of the most challenging elements of the application process.
How to Prepare for the NatWest Graduate Application Process
Preparing for the NatWest Graduate Application Process involves several key aspects to enhance a candidate’s chances of success.
Here’s a comprehensive guide:
Step 1. Research NatWest
Start by delving into the history and values of NatWest.
Understanding the organisation’s background and what they seek in a graduate provides valuable insights during the application process.
Step 2. Research the NatWest Graduate Scheme
Explore the details of the NatWest graduate scheme, considering the nature of work, duration and potential career prospects.
This knowledge will help candidates align their goals with the offerings of the graduate scheme.
Step 3. Dress Smartly
Make a positive impression by dressing professionally for every interview.
Arrive at interview locations well-prepared and ahead of time to demonstrate punctuality and commitment.
Step 4. Focus on Wellbeing
Recognise the importance of rest and a healthy diet in optimising performance.
Prioritise wellbeing to ensure that candidates approach each stage of the application process with focus and energy.
Step 5. Revise and Prepare Properly
Thoroughly prepare for assessments by revising relevant materials and practising sample questions.
Familiarising yourself with the assessment formats and requirements enhances confidence and performance.
Step 6. Speak to Others
Connect with individuals who have previously participated in the NatWest graduate scheme.
Gather insights into their experiences, challenges faced and tips for success. Learning from others’ journeys can provide valuable guidance.
NatWest’s hiring policies may vary, and it’s advisable to check the specific eligibility criteria on their official website or contact their recruitment team for the most accurate information regarding the employment of international students.
Salary details for the NatWest graduate scheme can be obtained from the official NatWest website or by contacting their recruitment team.
Salaries may vary based on the specific graduate scheme, location and other factors.
NatWest’s visa sponsorship policies may vary.
To determine whether NatWest sponsors visas, it’s recommended to refer to the most up-to-date information on their official website or inquire directly with their recruitment team.
For information on the highest salary at NatWest, candidates should refer to the official NatWest website or contact their human resources department for the latest and most accurate details.
To apply for the NatWest graduate scheme, candidates typically need to complete an online application on the official NatWest careers website.
The specific application process may involve various stages, including assessments and interviews.
The duration of the NatWest graduate scheme may vary depending on the specific program and role.
Candidates can find information on the duration of the scheme by referring to the official NatWest website or reaching out to their recruitment team.
NatWest’s reputation as a good company to work for in the UK can be subjective and based on individual preferences.
It’s recommended to research employee reviews, company culture and values to determine if
NatWest’s graduate programmes align with your personal career goals and values.
Final Thoughts
NatWest attracts aspiring graduates with its esteemed reputation as a business and employer.
However, the path to securing a spot on its graduate scheme is undeniably challenging.
It demands a combination of enthusiasm and preparedness to meet the high standards set by NatWest in selecting top-tier candidates.
Aspiring graduates should approach this opportunity with thorough research, a clear understanding of the company’s values and a commitment to personal and professional growth.
While the application process is competitive, it offers a unique start to a promising career path within banking and finance at NatWest.
