Early Careers Benefits

Salaries

 

The starting salary for graduates is £26,500 per annum and you also receive pay reviews every 6 months whilst on the programme.

 

The starting salary for apprenticeships is £14,500 per annum and you also recieve an annual pay review based on performance.

 

The starting salary for undergraduates is £18,000 per annum.

 

Summer placements start with a salary of £16,000 pro rata and this increases to £17,000 if you do a second summer placement and £18,000 if you do a third.

 

Bonus Payments

Graduates will receive a joining bonus in your first month. This is £2,000 if you have a Bachelor’s degree or £2,500 if you have a Masters.

Graduates, Undergraduates and Apprentices are eligible for the annual company bonus which is a discretionary payment based on overall company performance.

Flexible Working

We are committed to offering flexible ways of working to support both the needs of our business and our employees. To do this we offer a flexi-time system, where you can choose your start and finish times, including the option to finish at 12.30pm on Fridays (in line with business perimeters).

Annual Leave

Employees are entitled to 25 days annual leave per calendar year, in addition to all statutory and public holidays. As part of our flexible working scheme, you can build up extra hours to convert into additional days leave (up to 15 per year) or you have the option to purchase extra days too.

Support with Chartership

Graduates will receive support to gain Chartership during your scheme. Undergraduate placements will count as experience towards Chartership in the future.

Season Ticket Loans

Commuting to work on public transport? Spread the cost of your season ticket loan over a 12 month period and have the payments deducted directly through payroll.

Dining & Lifestyle Card

We offer a choice of 2 Dining and Lifestyle cards so you can save money at restaurants, cinema, days out and more as a member.

Discount Scheme

You will have access to hundreds of discounts and rewards on a wide range of retailers, restaurants and entertainment options.

Subsidised Gym Membership

Keep fit for less with our on-site gym located at Stevenage without breaking the bank. The monthly cost includes access to Stevenage’s Sports & Social club where you can enjoy money off sporting activities, shopping, theatre trips and more.

Pension Scheme

A valuable part of your reward package is the option to become a member of the BAE System Pension Scheme. It is important to think about where your future income will come from when you decide to retire. The pension schemes do not just provide for your future, you will also have protection in case you have to stop or cease work early because of ill health; and valuable benefits for your beneficiaries if you should pass away.

Share Incentive Plan

The Share Incentive Plan (SIP) is available for you to join and reinforces our commitment to long-term share ownership amongst our employees.

Access to Financial Advice

You can take advantage of a range of free seminars held throughout the year to help you make good financial decisions for now and the future.

Programme Assisted Self Study

Employees can receive up to £150 per year towards the cost of approved courses, such as language classes. These can run online, at lunch times or during the evening.

Health Insurance

We've teamed up with AXA PPP to offer a selection of private healthcare plans, deductible from your net pay, for you and your family.

Enhanced Parental Leave

Employees taking maternity, adoption or shared parental leave can take up to 52 weeks of leave. This includes up to 18 weeks of enhanced pay, paid at 100% of their average earnings.

My Car Scheme

Lease a brand new vehicle over a 24-36 month period with all your motoring costs (except fuel) covered through monthly payroll deductions.

Dental Insurance

Cover you and your family with the option to select our six levels of dental cover. You can chooce to visit NHS or private dentists and the cost is deducted through payroll.

Cycle To Work Scheme

Fight rising petrol costs, save money and stay fit by cycling to work. The scheme offers you the opportunity to spread the cost of a bike and cycling accessories over a 12 month period up to a scheme maximum of £2,000.

Workplace ISAs

Now there is an easier way to save, straight from your pay by investing in an ISA to provide the potential to get a better return on your money with tax efficient savings.

Mortgage Advice

Access exclusive mortgage deals and receive free advice from our mortgage experts on everything from buying your first home, investing or even remortgaging.

Technology Vouchers

Keep up to date with the latest gadgets and electrical goods and select an e-voucher worth up to £2,500.

Annual Gym Membership

You can save money and enjoy reduced rates at well-known gyms.

Donate to Charity

You have the opportunity to donate up to five nominated charities of their choice on a monthly basis in a tax efficient way.

Health Screening

You have the opportunity to arrange a free annual medical check-up which includes lifestyle advice and a chance to discuss any issues with the Occupational Health team.

Employee Assistance Programme

Receive free, confidential advice on a range of financial, personal and workplace issues, available 24/7.

Healthcare Cashback Scheme

Save money on your routine healthcare costs. Claim cashback on every day healthcare expenses including dental work, spectacles, medical fees and treatment.

Professional Membership Fees

Claim back 50% of your annual professional membership costs to recognised professional bodies and institutes linked to your role, such as iMechE, CIMA, IET.  

Long Service Award

MBDA recognises and values employees’ commitment to the organisation.  Employee rewards are provided at 5, 10, 20, 30 and 40 years’ service.