Global Skills for Finance

8/7/2019 Global Skills for Finance

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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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Global Skills for Finance

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