Global Skills For Graduates In Financial

Services
A Report By KPMG
Presentation outline
 Introduction

 Purpose and Scope

 Research Methodology
 Financial Services Overview

 Financial Services In The UK

 Financial Services In India
 Regulatory Structure
 Skills Assessment

 Graduate Recruitment
 Calibre Of Graduates
Presentation outline (Contd…)
 War For Talent
 Essential Skills Required By Graduates
 Operational Skills
 Behavioural Skills
 Intellectual Skills
 Non Technical Skills
 Other Essential Skills
 Educational Links In The UK And India

 In-house Skills Training

 Concluding Statements
 Introduction

 Purpose And Scope

 Understanding of the skills required
 Assist employers to source and develop the skills
 Assist Educational Authorities and Training Institutions
in the design of the course curriculum

 Research Methodology
 Interviews were conducted using a Questionnaire
 Data was gathered from HR personnel
 19 interviews were conducted in India and 13 in the UK
Financial services

 Financial Services In The UK

 London has a presence in many international financial markets

 London is Europe’s largest international banking and investment banking centre
 Financial services accounted for 8.5% of the UK GDP and employed over 1 million people
Financial services
 Financial Services In India

 The BSE and NSE, are within the world’s top five Stock Exchanges in terms of the
number of transactions
 In 2005-06 financial services accounted for 9.7%, of India’s GDP
 There are 30 global financial service providers in India including International
Corporates
Financial Services
 Regulatory Structure

 Financial services within the UK are regulated by the

Financial Services Authority (FSA)
 Financial services in India are regulated by
Independent Regulators
Skills Assessment

 Finance Graduate Recruitment

 Companies use competency frameworks during their

recruitment practices, tailored locally
 UK finance graduates are typically employed into a
structured programme that rotates roles
 UK Financial Services Organizations seek to assess
numerical and verbal reasoning ability
Skills Assessment

 Caliber Of Finance Graduates

 Finance Graduates in UK described as ‘high quality’, in

India its ‘fairly good’ to ‘outstanding’ in quality
 Analytical and mathematical abilities of finance
graduates in India excellent, whilst in the UK lacking
 Organizations in the UK and India pay greater
emphasis on soft skills
Skills Assessment

 War For Talent

 Many organisations mentioned that there is a potential

dearth of talent in India
 62% of UK and 58% of Indian organisations
experience difficulties in recruiting appropriately skilled
people

 Essential Skills Required By Graduates

Skills Assessment

 Other Essential Skills

 Include drive, energy, passion to want to learn and a

can-do attitude
 Organisations in India consider negotiation skills
essential
 Insurance sector requires knowledge of insurance,
underwriting and actuarial skills
Educational Links In India
And UK

 In-house Skills Training

 Skills training is provided through various training
methods

 Finance graduates are encouraged to pursue

professional qualifications in line with their career
aspirations

 Soft skills training is available to graduates

Conclusion

The financial services industry in the UK and India are

booming economies and both countries are experiencing
continued growth.