Bespoke finance education package for IB students
IB collaborates with investment industry to offer FE students bespoke finance education package
The IB has launched a new initiative for students aged 16 -18 years who want to gain academic and practical experience in the finance sector in their final two years of high school education.
In collaboration with the Chartered Institute of Securities and Investment (CISI), UK students are to be offered a new, structured, route into the finance sector through the IB Career-related Programme (CP).
The new CP package will be piloted at five schools in the UK in order to help students develop practical and relevant experience of their chosen career pathway in the financial and investments sector. The average vacancy in the finance industry receives 135 applications, according to the Association of Graduate Recruiters. The new collaboration will mean that CP graduates will have direct links to CISI member companies, such as Morgan Stanley, Barclays, BNP Paribas and HSBC, with the majority offering apprenticeship programmes for CP graduates.
Kevin Moore, Chartered MCSI and CISI’s Director of Global Business Development, said: “The finance sector is looking to recruit young people who possess good communication, numeracy and interpersonal skills, are able to pay attention to detail, are team players and display integrity. We are delighted to be working with the IB and schools to offer a brand new industry-specific package, which promotes the development of these and other in valuable life skills. The package delivers a powerful portfolio which should be popular with students, universities and employers alike.”
Each of the CP pathways combines a career-related study (in this case a CISI qualification), with at least two IB Diploma Programme (DP) courses and a unique CP core, consisting of a reflective project, an additional language course, service learning and a personal and professional skills course.
The new finance and investment pathway includes the career-related study by way of the CISI Diploma in Finance, Risk and Investment; the IB’s diploma courses in mathematics (standard level), IT in a global society (standard or higher level), and a humanities subject (standard or higher level); plus the CP core.
Dr Peter Fidczuk, the IB’s UK Recognition and Development Manager, said: “The new package enables students to achieve a maximum of 200 revised UCAS points, while also gaining valuable personal and interpersonal skills, helping students to secure university places, apprenticeships or jobs in the finance industry.
“Working together with industry bodies such as CISI, we look forward to creating a broader range of educational pathways that will allow students to excel in their next steps, whether that’s university, an apprenticeship, internship or straight into industry. This partnership is just the first of many in the UK, showing the IB’s commitment to progressing learning partnerships across diverse sectors.”