Uni's over, what next?

Uni's over, what next?

Life after university

Read about managing your money, changing your bank account and preparing for work – with simple CV and interview tips.

For many, money management will have started at university. However, there’s a significant jump between managing your student loan and the costs associated with studying, and staying on top of a regular pay check, moving out of your student house, getting a 9 to 5 and the potential for long-term travel.

Money in the months after graduation

Travelling

The time right after university could be perfect for travel – if you haven’t got work lined up yet or have decided to hold off on your applications, then you have a bit of time to explore.

If a few weeks away or even a long-term trip is on the agenda, there are a few things that you might want to think about first. For example, you could settle any bills and decide what you’re going to do with accommodation. If you’re going away for a long time, it may not be cost-effective to continue paying rent at home. If your contract is coming to an end, you could time your travel with that. If you’re moving out, make sure you get your deposit back because it might be more complicated to get a hold of when you’re away.

There are other things you could settle before you head off too – like your phone contract. You can be charged a lot for using your phone abroad if you haven’t got the right plan, and it might work out cheaper to buy a SIM card in the country you’re going to. It’s a good idea to tell your bank you’re going away too.  

You could get some money back on your booking if you book with Expedia through us – as long as you bank with us1.

Moving out

You may be thinking of moving out of your student house. Maybe you’ve decided to move in with your parents or guardians to save money while you look for work, or you want to rent somewhere else.

When it comes to cost, you should consider what’s best for you, now and in the future. If you don’t have a steady income yet and no savings, you might not want to commit to a monthly rent that’ll stretch your budget too thinly. If so, you could think of cheaper options, such as staying in shared accommodation.

If you’re thinking of buying a home, the Help to Buy ISA could help you as it gives you a government bonus on your savings2.

Either way, if you’re moving out, make sure to get your deposit back, pay any bills, and let your bank know you’ve changed your address.

Changing your bank account

If you already have a Student Additions Account with us, you’ll be automatically upgraded to a Higher Education Account, an account designed for graduates, following your graduation. With it, you’ll have a higher overdraft limit (up to £3,000, subject to status and application), a contactless debit card and access to benefits like Barclays Blue Rewards3 and cashback when you shop through us1. The Higher Education lasts for 3 years – after which you’ll be moved to another current account.

Preparing for work

Internships

Getting an internship can be a good route into the career you want. It can prepare you for your dream job and get you the experience you need to apply for something you want to do in the future. It may also be unpaid, but may come with more flexibility with the opportunity to work part-time or for just a short time.

Make sure you understand your rights as an intern before you start. If you’re classed as a ‘worker’, you’re usually eligible for National Minimum Wage. If you’re on a work placement, then you may not be paid.

Your CV

It may seem straightforward, but some people have writing their CV down to a fine art. You need to make sure yours stands out – the person doing the hiring may have hundreds to read through.

Here are a few quick tips for writing a CV

  • Make sure your contact information is correct and easy to find
  • Keep things succinct and make sure the layout is clear and easy to understand
  • Double check for spelling errors and inconsistencies in formatting
  • Include information that’s relevant to the job you’re applying for – and think about cutting down bits that are irrelevant

If you’d like to get started with a CV Builder or want more CV tips, check out LifeSkills

First interview help

First impressions count – especially when it comes to interviews. Make sure you’re prepared with a good knowledge of the role and company. You should also try to dress the part (you can get cashback from major shops like Clarks, Reiss and Office when you shop through us1).

This is your chance to prove you’re right for the role, so come prepared to explain why exactly you’re qualified. All sorts of things can be relevant – so even if you don’t have direct experience, you might have skills that are transferrable, such as good time-keeping or effective communication. You can practice your interview skills online, and it could help you feel more confident on the day.


 

You may also be interested in

Finances for grads

Finances for grads

We discuss managing your money after graduation, with information on credit scores, taxes and making the most of your money.

Barclays Mobile Banking

Do your everyday banking on your mobile device.

Higher Education Account

No monthly fee, a contactless card and an overdraft of up to £3,000 (subject to status), depending on your year of graduation.

Welcome to cashback

Get cashback and save money on products and services.