The banking sector is a fast emerging sector in the country which is closely intertwined with the economy set up of the country. However, there is a huge skill gap among the millenials. The young graduates need to get a direction as to what and how to prepare them for jobs of the future, which is mostly lacking in basic education curriculum for them, says Santosh Joshi, CEO-Bankedge, in conversation with Rashi Aditi Ghosh of Elets News Network (ENN).
- Why is it pivotal to skill the millennials who are willing to join the banking sector? Is there a skill gap?
Millennials live in a fast-paced and competitive market dynamics which requires them to keep up breast with the market in order to thrive as a diversified market calls for diverse skills set. In case of millennials in the banking sector, the skills need to be more accurate and based on logic with latest knowledge on managing tools and keeping in sync with latest developments in the sector.
The skill gap that is so wide is also due to lack of skill-based training preparing the millennials for jobs for these differently and highly skilled sectors. The young graduates need to get a direction as to what and how to prepare them for jobs of the future, which is mostly lacking in basic education curriculum for them.
- Tell us about Bank Edge. How are you shaping the future of young bankers?
At BankEdge we not only prepare fresh graduates to take up roles at highly specialized banking and financial sector institutions but also prepare them to take on daily challenges at work to run the work seamlessly. This sector is also directly connected with the growth of the economy, which in our opinion one must be trained well therefore, we have a range of specialized courses we offer along with suitable duration. Till now we have groomed over 15,000+ graduates and placed them in different banks and financial institutions.
- What major challenges do you come across while skilling the students?
The major challenges we face is lack of awareness of what the students really want which also makes them vulnerable to false propaganda by some institutes that also promise jobs but do not deliver them. We want to also make our students aware of such things. We have won several prestigious awards and recognition with respect to the extensive work we have been doing in terms of skilling young graduates and offering them their rightful placements in BFSI Sector.
- What opportunities do you see in terms of the banking sector? What is the employment scenario?
The banking sector is a fast emerging sector in the country which is closely intertwined with the economy set up of the country. The banking sector in the country has grown over the years and off late with international banking chains also setting up offices in the country, it is sure to give our students a global exposure which will make them learn things on a larger level.
The employment scenario is picking up pace as it was earlier due to lack of skilled employees in the organisations which was also the primary reason for high rate of attrition in the field of banking and financial institutions.
- How are you planning 2020?
We are currently focussing on banking sector recruitment for the next three years, they are also looking at staffing solutions for banks. Our near future aim is to increase our centres strength from current number of 64 centres. Our placement network currently comprises of 25+ companies which include major Private Sector Banks and Financial Institutions spread across the country which we are looking to scale in number for the coming year to ensure maximum placements.