StanChart,SPJIMR launch training program on Corporate Bkng

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Standard Chartered Bank , India's largest international bank, and S.P. Jain Institute of Management and Research (SPJIMR), through Bhavan's Centre for Inter Disciplinary Studies, signed a memorandum of understanding today for introduction of a special training program on Corporate Banking for graduates. The Bank will absorb all students at salaries comparable with packages for fresh business school graduates.

 

Standard Chartered Bank has pioneered this initiative from the point of view of contemporary industrial standards giving weightage to practical sessions. The course curriculum has been arrived at by a joint team of SPJIMR's senior finance faculty and senior managers from Standard Chartered.  Besides paying the students a stipend during the training phase, Standard Chartered Bank will also bear the fees for the training program and residential costs all accounting to INR 1.5 lakhs per student. After successful completion of the four months training program these students will then get on the job learning in the bank before they move into business roles.

 

Speaking on the occasion, Madhavi Lall, Head - HR, India, Standard Chartered Bank, said, "While the MBA segment is being tapped effectively, there are other segments which can be an attractive source of talent if tapped with some innovative thought process. Corporate Banking along with other areas has been growing at a very fast pace in India, hence, there is an urgent need to expand the talent pool and look at creative and more productive ways of recruitment."

 

"The main focus behind this program is to give fresh graduates a rigorous pre-placement training for four months at the end of which they will get an opportunity to work with Standard Chartered Bank. The course will provide the requisite banking education that is currently not available in the education system", she adds.

 

Sunil Rai, Chairman, Bhavan's Centre for Inter Disciplinary Studies and Joint Director SPJIMR, said: "This is the only programme in the country, which focuses on corporate banking, and has been developed in guidance with senior professionals from Standard Chartered Bank. Such a unique venture was long overdue and I am proud to say that we are a pioneer in this direction. Through this novel program, students not only get an induction into Standard Chartered but shall also be eligible for SPJIMR's higher level management programs after they serve a mandatory period in the bank."

 

Some of the topics the program includes are General Management, Core Banking, Managerial Economics, Financial Accounting, Banking Regulations, Global Markets, Cash Management and Marketing Management. The admission process includes Online Testing, Group Discussion and Personal Interview.  The course will be introduced from May 2008 and recruitment at most top colleges across the country will begin mid December 2007.

 

 

 

Sourced From: LINOpinion - The Lintas Public Relations Division