Empowering Youth For Employability 2 About BSE Institute 3 BSE - PowerPoint PPT Presentation

Empowering Youth For Employability

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About BSE Institute 3

BSE Institute Ltd : Focus areas Concurrent Education • GFMP – Under Graduate Skill course • BCom – Capital Markets Higher Education • MBA – GFM • MBA – Fin tec Fellowship • PGP – Banking & Finance (Phd) Higher (Post • EPIM Graduation) • PGP – Business Journalism Concurrent • MSc Finance (I) (with Graduation) • MBA+Dual Degree (I) K-12 Vocational Vocational Training • Short term programs for brokers, Pre- professionals, investors School • State Engagements • BFSI Sector Skill Council with NSDC Research & Fellowship 4 • In process

Banking Financial Services & Insurance (BSFI) Sector Skill Council The BFSI Sector Skill Council of India was recently set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. The skill council functions as vocational Skills regulator for BFSI sector. The sector skill council is Public Private Partnership with Industry and NSDC under Ministry of Skill Development and Entrepreneurship. The BFSI Sector Skill Council of India has been set up with the aim of enhancing skill development across the BFSI sector for skill development programs under PMO/ Ministries. 5

Zone Start -Up Overview: Startups selected thru competitive pitches, enrolled for the start up program at Zonestart ups. Selected start ups get: Co working space, Mentorship support, technical assistance, fund raising support, customer connects etc Achievements:  146 start ups incubated in last 3 years  22 start ups soft landed in Toronto  Funds raised : INR 237+ Crores  850+ new jobs have been created  271 internship opportunities across colleges  21 women entrepreneurs supported for a specialised program 6

Our Skill Development Initiatives 97,990 13 15 Learners Projects States Impacted The key features of the training program offered by BSE Institute are:  An Industry Demand Led Training Approach  Quality in Skills Training Delivery Process  Values Added modules integrated with the main domain program such as  Life Skills, Soft Skills, Business Etiquette and Grooming  Basic Work Place English & Interview Readiness sessions  Business Communications Skills 7

Background 8

Background India – Fast becoming a destination for Investment Banks and BSFI ITES companies 25+ global banks are expected to recruit 1.25 million in 3- 4 year, 50+ BFSI KPO organizations Sector witnessing employment growth rate of 15% Center for Monitoring of Indian Economy (CMIE), there are currently nearly 31 million unemployed Indians looking for Jobs . Current estimates show that less than 20% graduates passing out of Universities across the country, are employable. In context of the BFSI industry, these numbers are far lesser due to lack specialized domain skills and knowledge. 9

Industry and Recruitment  Lack of skilled manpower is one of the biggest constraint, which companies are facing in scaling up.  Companies are not able to build effective work force which will help build client relationships, cross sell, up sell or get client references  Lack of specific domain training prevents companies from capturing larger wallet share of clients.  Ready to perform employee – short training cycle .  Servicing team is not able to resolve client queries efficiently leading to customer discontentment.  Front end employees lack knowledge of operational aspects leading to higher ratio of form rejections and higher turn around time 10 10

Problem Statement 1.25 Million expected Recruitment in Investment Banking Back office operations in 2-3 Years. The challenge is finding the right candidate. An average graduate is unable to meet the selection criteria of most employer Lack of domain specific knowledge Lack of Job skills The MBAs are far more employable – an estimated 43% Distorting salaries Post graduate students who have relevant foundation knowledge Do Not find these jobs aspirational, hence result in high attrition 11 11

Intervention 12 12

Intervention Planned Providing employable skills and employment opportunities to the youth Provide fruitful employment opportunities to graduates from the underprivileged segments of the nation. Empower students with the necessary theoretical and conceptual tools used in investment banking and provide placement thereby provide a career path. 4,000+ Underprivileged graduate youth in 2 years 380 hours Intense Job ready program. Empowering Youth for Employability 1.80 – 2.50 Lacs Helping them qualify for jobs with average salary. 13 13

Approach 14 14

Approach Impact Design and development of Mobilisation of curriculum Students Pedagogy Assessment Training of Trainers Learning Tools Placements 15 15

Design and Development of curriculum Curriculum covering the core concepts of Finance, Banking Learning and Investment methodology is Management, and evolved keeping soft skills is Seminars and Learner in mind and developed Surveys to access industry as pivot. challenges faced by To gain Valuable industry and map job insights into type of opportunities process , skills and Interaction with domain knowledge representative from required Global Investment banks and BFSI back office processing companies 16 16

Pedagogy 17 17

Program Soft Skills – 100 Hours Business Work-place Grooming & Interview Communication English etiquettes readiness 18 18

Program Soft Skills – 280 Hours • Overview of Financial • Overview of • Controls System. Investment Banking • Financial • Global Operations Instruments Compliance • Trade Life Cycle • Data Management • Financial • Operations and Control Products Risk • Global Securities Management Operations • Financial • Asset Management • Simulations Structures • Fund Accounting • System & • Global Funds • What is Process Clearing Investment Global Introduction to Risk Banking ? Operations 19 19 Industry Management

Mobilization Source • High on • High on availability Availability • High on • Low on Selection Selection Other College Databases Connects Direct Marketing Print Data Collection • Low on • Low on availability. Availability. • High • Low on 20 20 Selection Selection

Selection Process Shortlist of Selected students is announced. Selected students join the program Students Attend aptitude Orientation Program briefing on test and Interviews program details is conducted. Students are given specific dates to attend the selection 21 21 Process.

Selection Process 1731 1,50,000 8996 89386 4474 Candidates Appeared Joined the Connected Offered. Outreached Selection program 22 22

Selection Process - Insights Female Gender Diversity Region wise Out reach to enroll Connected Walk-in Selected Enrolled 89386 37% 57% 47% 62% 48% 80% 57% 93% 56% 55% 50% 68% 43% 100% 62% 46% 50% 80% 57% 66% 53% 93% 53% 55% 22% 36% 62% 44869 44517 39% 36% 63% 80% 50% 57% 43% 63% 88% 44% 52% 51% 54% 53% 39% 36% 65% 80% 49% 57% 42% 88% 61% 50% 38% 45% 50% 49% 44% 1731 965 766 Bangalore Bhubaneswar Jaipur Siliguri Rajkot Ahmedabad Chennai Delhi Hyderabad Kolkata Mumbai Pune Thane Grand Total Male Male Female Female Total Total Outreach Enrolled Outreach Enrolled Out reach Enrolled 23 23

Selection Process - Insights Source wise Age wise 81 378 1272 239 3311 279 524 914 10 1 914 3 540 7069 17 2016 27 1387 3 3907 1819 8 618 3990 1 2 1062 8477 1493 67815 13094 69383 82 17151 3 1274 18-20 21-23 24-25 Direct College Other data Student Web Print 24 24 Marketing connect source Reference Campaign Connect Walk-in Selected Enrolled Data Connect Walk-in Selected Enrolled

Selection Process - Insights FAMILY BACKGROUND Employed-daily Unemployed wages 0.28% Retired 10% 4% Employed-Mid business Private sector 17% employed 41% Employed-Small business 20% Government servent 25 25 8%

Our Workforce readiness – Model Selected BIL Mobilizes students join the Candidates organization Successful Students Selected students thru Aptitude test Interviewed by and interview . corporates. Interim Selected interaction with students join students – 3 months Industry program. Engagement Continuous Assessment of Students during program 26 26

12 HDFC Securities 27 27 Paisa Bazaar 6 Kotak Securities 6 22 Angel Broking 36 Eclerx Financial Services 27 Morningstar Employed 29 Cognizant 13 BNP Paribas India State Street Syntel Ser Pvt. 30 Ltd. 100 BNY Mellon 117 State Street VS Top 10 Companies Employment Insights 45 HDFC Securities 50 Paisa Bazaar 50 Kotak Securities 65 Angel Broking Opportunities created 75 Eclerx Financial Services 80 Morningstar 80 Cognizant 80 BNP Paribas India State Street Syntel Ser Pvt. 135 Ltd. 190 BNY Mellon 230 State Street