Startups Vs Corporations: what is best for a graduate?

There are plenty of employment opportunities for new graduates to enter into the workplace. In IT and Technology market, this is none more evident. There are a range of business types a graduate can enter and two phrases they will hear in their job search is whether the company is a start up or corporation. A startup, or small-medium sized enterprise, will typically have fewer than 50 employees, although some places say it is fewer than 200. Larger corporations will hire more than 200 employees, will likely have international offices, although this isn’t always the case, and will be a well-known brand. Working in a start-up and corporation can offer different experience and exposure, and both are equally a good choice for graduates.

We’ve outlined the pros and cons of both types of company types and what we have found they offer graduates.

Start up/ SME

• These can be leading innovators in new technologies, providing breakthrough solutions as they ‘fill the gap’ in the market.
• Will often be a small, friendly team - you might know the manager and founder by name and on a personal level.
• Likely to be a more youthful dominated atmosphere, especially if they hire graduates, but that’s not always the case.
• Career progression and development is less structured, but usually more rapid. If you make a great impression, you will likely get a promotion.
• The rate of change is likely to be quicker, in part due to fewer staff and processes. Will take on risks and explore new trends.  
• Independent working opportunity. In smaller companies you might be the only one with knowledge in the area, so you can really show off your expertise.
• More autonomy as there is generally less rigid management. You will likely have goals and targets to accomplish, but you will likely be working autonomously in the role.  

Corporations

• Well known brand that might be known at home, such as Microsoft. Will be a giant in the market, and may have multiple divisions
• Will be a larger company, with more staff and departments, it’s not likely you will know the founder like Bill Gates!
• Will have a diverse range of people from all age groups and knowledge, so you may be working with those with knowledge in older technology.
• Likely to have a more structured training program or scale pof wages depending on longevity, experience or qualifications.
• The rate of change is likely to be gradual as they measure market changes differently and with fewer risks
• Team working and collaboration is the forefront of solving issues, you will likely be working in a team or a department.
• Structured management positions and most likely with have KPIs or similar targets. The manager is there to teach you the company way without undermining your individuality.

As you can see, both types of companies are great to work for, they both offer an opportunity to learn, develop and work in your own way. These are all things you need to consider when applying for roles and deciding whether it is the best role for you.