Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 222222
Loughborough University

The Marketplace

RateMyPlacement.co.uk

Founder:

Ali Lindsay, Oliver Sidwell and Chris Wickson

Accounting and Financial Management, Geography and Management, Management Sciences (2007)
Founded:
2008
Outline:

Whilst out on their own placement years, Ali, Chris and Oliver realised that knowing what being on placement was really like from people who had already lived it would be very helpful indeed and set about developing the website RateMyPlacement.co.uk - now the UK’s leading website for undergraduates looking for placements and internships, attracting over 200,000 visitors each month.

In 2007, the first incarnation of RateMyPlacement – specifically for Loughborough students – was launched, notching up 50 placement reviews and 300 members within its first week – and a turnover of £12,000 in its first year. The trio were also Think BIG! winners in 2007 and national finalists of the HSBC Unipreneurs competition in 2008. Over the past 4 years, RMP has gone from strength-to-strength, winning the Barclays Take One Small Step competition in 2011 with £50,000 to invest in the business.

As well as the RateMyPlacement website, the company’s portfolio now also includes the National Undergraduate Employability Awards, On-Campus Promotions, RMP Connect software, RMP’s sister site RateMyApprenticeship.co.uk, and their annual publication, the "Top Undergraduate Employers".

Turnover for the past year stands at almost £2m, and the RMP team now numbers 30 including a handful of Loughborough graduates and a couple of students on placement – of course!

 

Taking the plunge and starting our own business turned out to be one of the best things we've ever done.