Transcript
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Global Skills For Graduates In Financial
Services
A Report By KPMG
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Presentation outline
Introduction
Purpose and Scope
Research Methodology
Financial Services Overview
Financial Services In The UK
Financial Services In India
Regulatory Structure
Skills Assessment
Graduate Recruitment
Calibre OfGraduates
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Presentation outline (Contd)
WarFor Talent
Essential Skills Required By Graduates
Operational Skills
Behavioural Skills
Intellectual Skills
Non Technical Skills
Other Essential Skills
Educational Links In The UK And India
In-house Skills Training
Concluding Statements
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Introduction
Purpose And Scope
Understanding of the skills required
Assist employers to source and develop the skills
Assist Educational Authorities and Training Institutions
in the design of the course curriculum
Research Methodology Interviews were conducted using a Questionnaire
Data was gathered from HR personnel
19 interviews were conducted in India and 13 in the UK
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Financial services
Financial Services In The UK
London has a presence in many international financial
markets
London is Europes largest international banking and
investment banking centre
Financ
ial serv
ices accounted for 8.5% of the UK
GDP
and employed over 1 million people
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Financial services
Financial Services In India
The BSE and NSE, are within the worlds top five Stock
Exchanges in terms of the number of transactions
In 2005-06 financial services accounted for 9.7%, of
Indias GDP
There are 30 global financial service providers in India
including International Corporates
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Financial Services
Regulatory Structure
Financial services within the UK are regulated by the
Financial Services Authority (FSA)
Financial services in India are regulated by
Independent Regulators
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Skills Assessment
Finance Graduate Recruitment
Companies use competency frameworks during their
recruitment practices, tailored locally
UK finance graduates are typically employed into a
structured programme that rotates roles
UK Financial Services Organizations seek to assess
numerical and verbal reasoning ability
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Skills Assessment
Caliber OfFinance Graduates
Finance Graduates in UK described as high quality, in
India its fairly good to outstanding in quality
Analytical and mathematical abilities of f inance
graduates in India excellent, whilst in the UK lacking
Organiz
ations
in the UK and Ind
ia pay greater
emphasis on soft skills
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Skills Assessment
WarFor Talent
Many organisations mentioned that there is a potential
dearth of talent in India
62% of UK and 58% of Indian organisations
experience difficulties in recruiting appropriately skilled
people
Essential Skills Required By Graduates
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Skills Assessment
Other Essential Skills
Include drive, energy, passion to want to learn and a
can-do attitude
Organisations in India consider negotiation skills
essential
Insurance sector requires knowledge of
insurance,
underwriting and actuarial skills
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Educational Links In India
And UK
In-house Skills Training
Skills training is provided through various training
methods
Finance graduates are encouraged to pursue
professional qualifications in line with their career
aspirations
Soft skills training is available to graduates
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Conclusion
The financial services industry in the UK and India are
booming economies and both countries are experiencing
continued growth.
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