Government and private sector focus on enhancing financial talent supply
Afterschool
September 21, 2012
- Here and around the world, jobs in finance are among the most stable careers. UC San Diego even cited it as one of the Hottest Careers. Although Malaysia’s finance sector is growing steadily the supply of talent has begun to dwindle.
- That’s not good news especially now that the country needs more finance talents in preparation for the Tun Razak Exchange (TRX) which is set to bolster the country’s economic landscape.
- TRX, Malaysia’s version of Wall Street, will bring together local and overseas financial institutions and other corporations in a single area.
- “The shortage impedes growth because you don’t have the best people making the best decisions,” said Daud Vicary Abdullah, CEO of International Centre for Education in Islamic Finance (INCEIF).
- The country is said to require 40,000 qualified financial talents by 2020 yet about 56,000 new finance industry jobs will be available in the next 10 years. That’s not nearly enough.
- To help narrow this gap, institutions of higher learning such as University of Malaya and Islamic University Malaysia have established new programmes to ensure talent development to meet the high demand of the thriving finance industry.
- The Institute of Bankers Malaysia (IBBM) has also ventured into providing education and learning services to financial talents.
- This year, it will be hosting its IBBM Financial Services Industry Careers 2012 this 20 October at the Kuala Lumpur Convention Centre, Halls 1, 2 & 3.
- Jobseekers and students are invited to join this job fair to meet and discuss with the country’s biggest names in the financial/banking landscape such as RHB, Maybank, Alliance Bank, Great Eastern, Hong Leong and many more.
- To learn more about this opportunity, please visit HERE
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