MORE than 150 graduates have benefited from the Banking Industry Training Scheme (BITS) since its inception in February 2004, according to the Association of Banks in Malaysia.
BITS, the industry's comprehensive training programme for unemployed graduates, has successfully enhanced their competencies and marketability and provided them with exposure to banking and finance.
It is an opportunity for them to enhance their employability. The comprehensive training is not found elsewhere, a spokesperson from the association said in an interview.
Their attachment with the bank would provide them with the necessary practical knowledge of a bank's operations.
She said the graduates would be placed in areas where on-the-job training was provided with key exposure to banking processes, products and services and, most importantly, working as a team in a diverse environment.
Their performance is monitored via tests and evaluations conducted during the duration of the five-month course.
They are paid RM600 monthly each, she said, adding that, based on an unofficial survey done by the association, participants get employed within a very short period after their training.
Meanwhile, Institut Bank-Bank Malaysia (IBBM), which conducts the training, said the graduates were exposed to areas mainly on improving communication skills.
The training includes banking operations, credit, sales, customer service, leadership and various soft skills development,'' an IBBM spokesperson said in a related interview.
IBBM said the core subjects taught are banking, finance and English language competency.
The body would also employ external speakers, who are working in the industry, to give regular talks and seminars.
Participants may not necessarily work in the banking or finance sector upon completing the course but they will benefit from the training, she said.
Unemployed graduates who are interested in BITS can apply to participating banking institutions, which will then select the candidates they wish to sponsor.
The programme is open to Malaysians, preferably with a degree in accounting, finance, banking, marketing, information technology, law or engineering from a recognised institution.
Closing date for submission for the third intake is Dec 30 and the next course is scheduled to start on Feb 5.
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