Job Market
The academic job market works slightly different from the private sector market. For example, you cannot immediately seek a job at the same institution at which you did your PhD.
Also, the market tends to be quite standardized; job market candidates seeking tenure track faculty positions (i.e. positions that are designed to give candidates a life-time perspective at a university) send their applications to the universities of their choice shortly prior to or after finishing their PhD studies; universities may solicit applications at different points across different subject areas (e.g. accounting, management science, marketing, organizations/stategy), however, there will usually be one deadline per year.
The market for non-tenure track postdoctoral positions (these are time-limited positions, usually considered a stepping stone to a tenure track position eventually) tends to be somewhat less standardized, with positions coming up all the time.
The geographical scope of the market is unrestricted, however, it seems fair to say that coming from a European university the likelihood of candidates taking up offers from other European universities (rather than institutions in the US or Asia) tends to be higher.
As part of the programme, you will receive advice on how to think about and maneuver the job market once you reach that stage.