Year in Industry

Many of our undergraduate programmes include the option for students to undertake a Year in Industry. The placement year typically takes place between Year 2 and Year 3 of the programme. Students who complete a Year in Industry placement develop valuable skills in a workplace environment. Placements also help students to appreciate how mathematical and statistical work can be of great benefit to businesses and wider society. Some profiles of students who have successfully completed a Year in Industry are given below.

 

  • Erin Camlin

    Erin Camlin

    Host Organisation: FD Technologies

    Job Title: Financial Engineer

    How did you become interested in a Year in Industry?

    At the time of applying to universities, I applied to some that offered a placement year, so it was always on my radar that a year of experience would be beneficial. 2 of my university friends were on courses that included a placement year (from the Management School) so I was able to get some information from them, plus I knew I would still have people in Liverpool on my return to final year.

    What did you hope to achieve from a placement year?

    A year of professional experience in a workplace/ real world setting. Also increase confidence with presenting and interviewing.

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    How did you go about searching for placements? When did you start doing this?

    I started searching in September of 2nd year. I used Handshake a bit but mainly just Googled companies that I was interested in and applied through their websites.

    Could you tell us a little bit about the organisation you worked for while on placement?

    I worked for FD but was placed on a project for a Japanese investment bank. I worked on this project for the full year in an application support role.  FD is a capital markets consultancy firm who are headquartered in NI. They work for all 20 of the top 20 global banks.

    Why is mathematical work important to the host organisation?

    The technical mathematical skills are important when working with different systems that the various banks use. Also FD pride themselves on providing "problem solving" which is a key mathematical skill.

    What were some of the main projects / tasks you were involved with while on placement?

    I was involved in the daily business support, dealing with urgent and high priority queries, sometimes as the sole point of contact/ the only team member logged on and available to assist. I was also involved in developing and deploying an automatic robot in one of our systems.

    What were some of the main differences between studying at University and working on placement?

    People relying on me and the work I complete - university is very independent. A set routine and the fact that you can't just choose to take the day off if you don't feel like working. Being able to switch off at the end of the day - once I left the office I wouldn't do any more work until the next morning when I came in again (better work/life balance than uni)

    What was the biggest challenge you faced while on placement and how did you overcome this?

    Feeling inadequate/ under qualified and getting stressed about the amount of responsibility that had been given to me. I overcame by speaking to my team leader who reassured me and confirmed these feelings were normal for any new job, not just placements. Speaking to other uni friends who were also working for the first time helped too.

    Has the placement made you think differently about your degree subject?

    Yes - I see that it's not always specific mathematical knowledge that is essential in the workplace, it's the skills developed through my degree - this surprised me.

    Has the placement made you think differently about your future?

    Confirmed to me that I want to work in the corporate world and enjoy working with people/ clients. I know a little bit more about the type of career I would like.

    In your opinion, what were the main benefits of taking a Year in Industry placement?

    Lots of benefits!!! Mainly increasing my confidence and developing my interpersonal skills. Also corporate skills such as Microsoft systems and email etiquette. Seeing how beneficial a good work life balance/ switching off at the end of the day is, which I hope to apply to my final year. Also earning money so now financially independent, got to meet lots of new people and expand my network and plenty of experiences/ examples to talk about on my CV and interviews. Through the application process I also had to do a number of tests and interviews so I know what to expect when applying for graduate roles.

    Do you have any tips or advice for Maths students who are interested in a Year in Industry?

    Don't apply if you don't actually want it. I applied to loads of roles that I didn't even want to do, which wasted a lot of my time !! Also keep up to date/organised with uni work because the application process is very time consuming.

  • Niamh McGurn

    Niamh McGurn

    Host organisation: Woodsides Logistic Group

    Job Title: Finance Placement Student

    How did you become interested in a Year in Industry?

    I wanted to complete a Year in Industry before I applied to university, and it was a factor I considered when completing my UCAS. My aunt is a Barrister in Dublin, and always advocated for the experience and opportunities working in industry granted alongside a university course. I was fortune as some of my friends were also considering a year in industry, so we were able to discuss different opportunities, and this solidified my interest.

    What did you hope to achieve from a placement year?

    When I started my placement year the main thing I was hoping to achieve was a greater direction and conviction in my career planning. I knew I enjoyed my course, but I was unsure if I would enjoy it as much in the workplace with the practical application of my modules. I am glad I took this year out to explore this, as I feel a lot more confident in what I will be doing once I graduate and that a varied, fast paced workspace suits me long-term.

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    How did you go about searching for placements? When did you start doing this?

    I started looking for placements in October of second year after completing the year in industry bootcamp. Due to COVID and various other reasons I took a break in looking, as I was unsure of my plans for the following year. I started searching for and applying to placements again in February, did interviews in May and accepted a placement in June. I was slightly worried I was too late to get a placement as I knew other students who had accepted placements from Christmas, but there were still many advertised in semester two. I used Indeed and Linked-in to look locally for placements, and applied directly to bigger companies through their websites.

    Could you tell us a little bit about the organisation you worked for while on placement?

    Woodside Logistics Group, based in Ballynure Co. Antrim, Ireland is a logistics company that transports goods of all descriptions throughout the UK and Ireland. It is made up of 5 internal companies; Woodside Distribution, Haulage, Tankfreight, Motorfreight and Global. Woodside provides everything from full and pallet load distribution, car transportation and storage, bulk transport of powders, liquids and gases, BRC AA grade warehousing and international air and sea freight forwarding.

    There are many different departments that organise jobs, calculate costs, organise repairs and coordinate drivers both locally and overseas. I personally work in the main accounts office, made up of twenty-two colleagues across purchase ledger, sales ledger, payroll, credit control and accounting.

    Why is mathematical work important to the host organisation?

    Accurate and thorough mathematic work is particularly important within Woodsides as it is a continuously expanding business that experienced rapid growth and change due to both Brexit and the Covid-19 pandemic in rapid succession. With the volume of transport jobs and staff increasing, costs and efficiency must be managed with high scrutiny, to make sure the company is able to continue to generate profit and maintain steady growth. Efficiency modelling plays a big part in the analytics department, and basic mathematic skills can be found in all roles within the company. For example; pricing jobs (especially global for overseas), reconciling accounts and maintaining good financial reports.

    What were some of the main projects/tasks you were involved with while on placement?

    During my year in industry, I was involved with closing off for the financial year end, where I had to reconcile statements and create a clear record for the upcoming audit. I also coordinated with the previous audit for 2021, providing requested documents and providing explanations for any queries, to support our financial reports and declarations.

    I undertook investigative projects for financial controller; where I was gathering masses of information to provide insight to account discrepancies, priced transport jobs, invoiced customers, uploaded invoices, reconciled statements, and dealt with customer queries. I also took part in a promotional video for future placement students, which was a very unexpected experience, but ended up being a great team-building icebreaker for me and the other placement students.

    What were some of the main differences between studying at University and working on placement?

    For me personally, the main difference was the constant volume of work in comparison to university, where busier times come and go, like exam season. I was used to putting in more hours around projects of exams but in the workplace there are deadlines every day. Working in an office environment is vastly different from any experience I have had as a student, as it can be remarkably busy, and full of people of all ages and personalities who must work together and around each other constantly. I think being a student who had a lot of freedom – especially during the pandemic where most of the teaching was remote – the strict structure of working everyday 9-5 in an office surrounded by people was a big adjustment.

    What was the biggest challenge you faced while on placement and how did you overcome this?

    There were many things I thought would be challenging in placement, but what I struggled with the most was timekeeping and staying organised. Due to the fact I had less free time during the week, I had to start planning more, such as meal prepping and setting what I needed out the night before to save time in the mornings. I wanted to still maintain a work life balance and do things with my friends who were still students, without effecting my performance at work, so I felt this was worth the effort.

    Has the placement made you think differently about your degree subject?

    Working in a company like Woodsides has opened my eyes to how different degrees, skills and alternative pathways can lead to unexpected places. Actuary is a definite degree with a set career path if I chose to follow it, but the skills and knowledge gained from a mathematical degree are invaluable in the workplace and will afford me many opportunities further afield if I ever want to explore other options and job positions.

    Has the placement made you think differently about your future?

    This placement year has given me a lot more confidence in myself and my aspirations for the future. It has allowed me to evaluate what is important to me in my career and I will have more insight into what I am looking for from graduate opportunities next year. I am less apprehensive about entering the working world, as a lot of students are, as I have had a great experience with Woodsides and have grown a lot as a person.

    In your opinion, what were the main benefits of taking a Year in Industry placement?

    Personally, I think there are a lot of benefits in taking a year in industry. It is a perfect opportunity to investigate various positions and job areas to see if they suit you, and if you would like to pursue them after university. In a placement year, you gain valuable experience in different practical and technical skills, for example training on specific industry software. I have gained a lot of confidence which I will carry forward into university and future job interviews, as well as gaining professional contacts that will stand to my character as a young professional.

    Do you have any tips or advice for Maths students who are interested in a Year in Industry?

    My main advice would be to not get too stressed about placement year. The application process can sound daunting, but once you get started it is not as bad as it seems. I started to treat applications and interview prep like homework, as it does take time, and this made the process a lot easier. Once you start a placement everyone knows you are learning most things for the first time and are ready to support and help, especially as you are only there for a year, so be ready to ask questions - as it is what you are there for!

  • Natalie Mann

    Natalie Mann

    Host Organisation: The Very Group

    Role Title: Credit Risk Intern

    How did you become interested in a Year in Industry?

    General interest in a year in industry before starting Uni then took part in the Year in Industry bootcamp in 2nd year.

    What did you hope to achieve from a placement year?

    I wanted to gain experience in the workplace and improve my employability.

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    How did you go about searching for placements? When did you start doing this?

    I looked on specific company websites. I started looking at the start of 2nd year.

    Could you tell us a little bit about the organisation you worked for while on placement?

    Online retailer offering financial services with two brands – Very and Littlewoods.

    Why is mathematical work important to the host organisation? 

    Analytical and problem-solving skills have been important in completing analysis work.

    What were some of the main projects / tasks you were involved with while on placement?

    The main tasks include daily, weekly and monthly reporting. A major project I have been working on is creating a new version of a largely used existing report – the report was initially in excel, I created a new version in Power BI making it more easily accessible, visual and interactive.

    What were some of the main differences between studying at University and working on placement?

    More of a routine when working and easier to create a suitable work-life balance.

    What was the biggest challenge you faced while on placement and how did you overcome this?

    Learning everything whilst working remotely at the start of my placement – I had regular catch ups with my manager and reached out to my team members when I needed help.

    Has the placement made you think differently about your degree subject?

    It has made me want to work hard to get the best possible grade I can.

    Has the placement made you think differently about your future?

    It has confirmed I am interested in a career in finance and want to take a gap year after graduating.

    In your opinion, what were the main benefits of taking a Year in Industry placement?

    It has made me feel more motivated and positive about my future and has helped develop my skills.

    Do you have any tips or advice for Maths students who are interested in a Year in Industry?

    When applying have resilience and don’t give up when having to deal with rejections. Also make sure the company’s vales align with your own as this has been a big part of making my experience at Very so enjoyable.

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