The new generation, investing in education

MOL was decorated in 2010 for being the second most desired company to work for in Hungary according to the “Most Desired Company 2009” survey conducted among university students by AIESEC, an international association for students of economics studies. According to the results of the survey carried out by AON-Hewitt and Figyelő MOL was the second most desired company in 2010 and the top one in the financial sector. These were the highest recognition of our long-term efforts to attract and retain talents.

Partnership with secondary schools

MOL has been maintaining close and regular cooperation with secondary schools. A lack of natural science experts has been observed in the market. Therefore, special attention has been given to promote natural science studies among secondary schools.

In 2010, we supported more than 70 vocational schools and offered internships for 293 students at MOL Group – primarily for those attending chemical, gas and mechanical studies. Furthermore, MOL sponsored numerous competitions in mathematics, physics and chemistry.

Also in 2010, new initiatives were launched aiming to make natural sciences more popular among secondary school students and identify future talents at an early stage:

• The ”Together for the Future Engineers Association” was established in May 2010 by MOL and eleven other Hungarian multinational companies (Bosch, Siemens, Ericsson, etc.). The aim of the association is to garner greater prestige for the engineering profession and natural sciences amongst the next generation.
• As a MOL initiative, the ”MesterM Award” (‘My Master’) was introduced in Hungary. This award is given to secondary school teachers for their outstanding efforts in promoting subjects in the natural sciences. In 2010, a total of 160 nominations arrived from university students. Awards will be distributed next year again.
• “Junior Freshhh”, a natural science competition for secondary school students, was launched with great success. A total of 900 3-member teams took part in the competition, with the best 6 teams invited for the Live Final at Duna Refinery, Százhalombatta in December.

Investment in education by the type of support provided in Hungary:

* MOL Ltd., MOL LUB, Petroszolg, TVK, FGSZ

** MOL Ltd., MOL LUB, Petroszolg, TVK, FGSZ, MOL Trans

University partnership

We would like to gain maximum advantage from our university relations in order to support MOL’s long term interests through influencing the quality of MOL-specific education and the interests of the next generation.

There are seven Hungarian universities – The University of Pannonia, Eötvös Loránd University, The Budapest University of Technology and Economics, Corvinus University of Budapest, The University of Szeged, The University of Miskolc, The University of Debrecen - and four Slovakian ones – The Technical University of Bratislava, The Slovak Technical University of Košice, The Economics University of Bratislava, Comenius University - working with us as strategic partners. The first steps to build university relations were taken in Croatia.

The long-term cooperation initiative covers internship programmes, support of student communities, support through corporate lectures and site visits, competitions, MOL Group managers’ contributions to regular educational courses and education programmes with company managers and specialists, student projects on corporate issues, diploma assignments and consulting, scholarships, support given via foundations, sponsorship, and research and development projects.

In 2010, renovations began at the MOL Chair at the University of Pannonia (MSc). A new and modern laboratory, staff rooms and classrooms were redecorated in order to ensure the infrastructural quality of MOL-specific education. The renovation will continue in 2011. In 2010 four students began their studies under the MOL Chair in the spring semester and five in the autumn. In spring 2011 seven students will start their studies and in autumn another seven are planned. The MSc Faculty at the University of Miskolc has been successfully running with MOL colleagues as presenters, lecturers.

Freshhh – MOL Group’s international contest

Freshhh is an international oil and gas industry-focused contest run by MOL Group. Five years ago, MOL established a new tradition with this dual-aimed programme. Freshhh is a professional challenge for students interested in engineering and science, as well as a recruitment channel for our Growww Graduate Programme. Teams consisting of three students can participate in the contest. More than 1,700 graduates from 25 countries were involved in 2010. Two of the four topics of the tasks were Sustainable Development (SD) and Health, Safety and Environment (HSE). Of course, participants are also motivated by valuable prizes.

From 2007 on the contest has continuously raised significant interest among student communities. It has boosted our “Employer Brand”, generated many questions and queries from potential employees and contributed to MOL Group’s image as an international company.

The best participants were offered a job or internship opportunity at one of the MOL Group companies, and a number of scholarship contracts have been signed with the most talented undergraduates.

Inspired by the success of the program in 2010, the first Internal Freshhh was also launched in order to enhance the competitive spirit and team cohesion among MOL Group employees. A total of 252 colleagues in 83 teams from ten countries took part in the contest. As a result of the two competitions, many useful and cost-effective ideas arose that might be introduced in the future.

Internal Freshhh participants:

Growww – our fresh graduate programme

MOL Group’s one year-long Growww Programme offers job opportunities for new graduates in a fast-growing, international organisation. Besides local and international career opportunities, MOL offers above-average compensation packages. . We look for goal- and result-oriented individuals who are willing to work hard, develop themselves, and are engaged with the MOL Group.

Over the last four years, nearly 600 new graduates participated in the programme; 92 % of them still work for MOL Group (in Hungary, Slovakia, Italy, Pakistan and Romania), and a few of them have already been promoted to managerial positions.

The programme is supported and supervised by top management. Growww primarily focuses on students with an engineering background. In 2010, from among more than 3,900 applicants from seven countries (Hungary, Slovakia, Italy, Romania, Pakistan, Russia and Croatia) a total of 261 fresh graduates (105 in INA) were offered the opportunity to join MOL. In 2011, the number of participants is expected to exceed 290.

Number of participants by divisions:

*former Gas and Power division (30.06.2009)