New grads get chance to earn and learn bankingBusiness | Winnie Lee 5 Jun 2020
The Hong Kong Monetary Authority and the banking industry have jointly launched a Banking Talent Programme to provide around 300 openings for fresh graduates from local universities, in areas ranging from frontline operations to back-office functions in retail and commercial banking.
Work opportunities will be offered by banks, stored value facilities operators and the HKMA. Six-month work opportunities and industry-specific training will be offered.
The program, supported by the Hong Kong Association of Banks and all local universities, will start in September and last for a period of six months.
A series of induction seminars as well as professional training courses will be organized by the HKMA, in collaboration with the Hong Kong Academy of Finance, the Hong Kong Institute of Bankers and reputable industry practitioners.
The HKMA will reimburse participating firms up to 50 percent of the program participants' monthly HK$12,000 salary and subsidize the course fees for the relevant professional training courses.
Students graduating with a bachelor's degree from local universities this year may apply for the program, and the disciplines preferred will depend on the work nature of specific jobs and the need of participating firms.
Applications will open on 15 June and the results will be announced by participating firms around the end of July after selection interviews.
In an HKMA column yesterday, chief executive Eddie Yue Wai-man said the coronavirus pandemic has made it more challenging for graduates to find a job this year.
From a broader perspective, HKMA also has to ensure that the nurture of talent, which is core to Hong Kong's long-term economic development, will not be disrupted by economic fluctuations, Yue added.
He believes the program will help fresh graduates accumulate valuable working experience and knowledge, lay a good foundation for their career and at the same time strengthen the talent pool for Hong Kong's financial industry.