Few things are certain in life. Economic upheaval, political crises, natural disasters – and plenty more besides – all mean the world can be full of surprises.
At Aon, we draw on the expertise of 65,000 people to help the biggest names in business plan for every eventuality – be it in pensions; general insurance; insurance, reinsurance and risk management; investment consulting; captives or health & benefits broking and consulting. We are the world’s #1 insurance broker, #1 provider of reinsurance and #1 in human resource consulting. Our size, global network and emphasis on innovation mean where we lead, the industry follows.
We’ve recently moved our global headquarters to the UK. Here we rely on 6,500 employees across 30 offices to uphold our hard-won reputation for excellence, insight and outstanding service delivery. It’s the skills, knowledge and attitude of these people that help us do what we do best. So, if you’re looking for a sure-fire way to start your career and have a 2:1 degree or higher, we’d like you to join them.
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Aon’s graduate programme is classified into five streams with differing tenures and curriculum. However, a core development programme runs concurrently and graduates from all streams are required to complete the same.
The core programme includes business, technical, client and project management skills; networking events where all graduate trainees get together with senior business personnel and decision makers in the company.
All trainees are paired with a mentor, apart from a dedicated Graduate Programme Management team with members from HR and Learning and Development departments. Individual schemes are described below.
Insurance, Reinsurance and Risk Management
- 18-month programme based predominantly in London;
- Multiple placements covering retail and insurance broking, client management, handling claims and risk management;
- Obtaining Associate status from the Chartered Institute of Insurance (ACII).
Actuarial Consulting (General Insurance)
- Covering risk assessment and actuarial consulting in general insurance;
Technical and on-the-job training as Actuarial Analyst, including actuarial analysis tools and methodologies, research and development and preparation of actuarial material for client engagements;
Study for qualifying as a Fellow of the Institute of Actuaries.
Investment Consulting (Pensions)
Trainees are designated as Graduate Investment Analysts, based in offices across the UK;
Three-year programme covering formal and practical training on types of investments, pension schemes legislation and statutory requirements, assessing investment products, financial markets and client engagement;
Trainees complete the Investment Management Certificate (IMC) in their first year and then choose between studying for actuarial qualifications or becoming a Chartered Financial Analyst (CFA).
Actuarial Consulting (Pensions)
Trainees are based across offices in Bristol, Birmingham, Farnborough, Leeds, Harrow, London, Glasgow and Manchester;
Work experience across different areas of actuarial consulting for pension schemes, including design, implementation, operations, risk management and closure of schemes through transfer of liabilities to a third-party during corporate buy-outs, mergers and acquisitions;
Study to become a Fellow of the Institute of Actuaries or alternative actuarial qualifications, facilitated by a tie-up with Imperial College, London.
Employee Benefits Consulting
Training provided in Farnborough, Leeds and London; covering design, implementation and operational management of different types of employee benefits schemes;
Placements in three specialist areas: Health and Risk Benefits; Defined Contribution Pensions; and Benefits Management, Communication and Flexible Benefits;
Training in client management and technical skills to design and consult on benefits schemes, with a dedicated mentor for support and review of performance.
Internships & Placements
Summer internships last for eight to ten weeks over July and August across various Aon offices in the UK. Internships are in the same streams as the graduate programme.
Each intern is paired with a dedicated mentor who provides assistance and guidance through the practical work experience and formal training components of the scheme.
The programme ensures that participating interns get a full perspective of Aon’s business, areas of expertise and the necessary business and technical skills used in the insurance, reinsurance, risk management and pensions and benefits consulting industries.
Aon do not currently offer an apprenticeship scheme.
School Leaver Programmes
Aon does not currently run a school leaver programme.
Salary & Benefits
Graduate trainees receive an attractive starting salary package which is reviewed on a regular basis, financial and study support for completing professional qualifications, bonus payments for exam success at first attempt and a flexible benefits package, inclusive of pension, life assurance, dental, health and travel insurance, subsidised gym membership and the facility to buy or sell holidays.
Summer interns also receive a salary during the course of their internship and interns who show great potential may be offered a place in the graduate programme on completion of their degree, though this is not guaranteed.
The summer vacation internship is open to students in their penultimate year of degree studies with an expected 2:1 or higher result.
Students should also demonstrate a high level of commercial awareness, excellent communication skills and analytical reasoning ability.
The graduate programme is offered in five variants and the overall requirement is for graduates with a 2:1 degree in any discipline, a high level of commercial awareness, excellent communication skills and analytical reasoning ability.
Candidates interested in the Actuarial Consulting and Investment Consulting programmes should have a degree in any numerate, business or management related discipline such as statistics, economics or business studies.
How To Apply
Online applications for all graduate programmes except the Actuarial Consulting (Pensions) scheme should be submitted by 29 November; the deadline is 31 October for the latter. Assessment centres and interviews for all programmes are conducted between December and March and all programmes start on the fifth of September the following year.
The full recruitment process consists of:
1. Submission of online application;
2. Online situational judgment test;
3. Assessment centre with several individual and group exercises;
4. Personal interview with the future Line Manager.
Before the programme start in September, new graduate trainees attend a Welcome Day to meet other trainees and key business and personnel staff.
Online applications are programme-specific and can be accessed at http://www.aongraduates.co.uk/pages/apply.php. Applications for summer placements will be available from January for start dates in July and August. The selection process consists of an assessment centre and personal interview.