Thanks to Coronavirus, Now Financial Institutions are Organizing Virtual Introductions for Graduates
No-one needs to be familiarized with the ill-effects of Coronavirus on the global economy anymore. With work norms being turned upside down, every organization, whether large or small and irrespective of the industry vertical, has had to adapt to remote working methods. People are being hired online, they’re being inducted virtually, and everything is being managed through computers and the Internet.
Even institutions like banks have switched to offering virtual introductions to new hires. Sounds weird, right? But it’s true. Several high-ranking financial institutions have stepped forward to offer whatever assistance they can to people entering the financial field. In many countries, finance graduates are being inducted using virtual sessions. And some of the largest banks around the world are using this strategy.
How flagship banks are holding the hands of new graduates
Banks like Citi Asia Pacific, Hong Kong and Shanghai Banking Corporation (HSBC), Mizuho, Standard Chartered and Deutsche Bank have been organizing online training for fresh graduates to introduce them to learning about the essential operations and procedures that these establishments follow.
- Citi Asia Pacific recently organized virtual recruitment for over 3,000 students from about 450 universities. The event was held for about two weeks on the bank’s analyst insight program – it’s online course that enlightens students on the various Citi teams and operations.
- Similarly, Standard Chartered is running an online internship program that consists of 300 applicants from 15 channels. The bank’s head of early careers, Melissa Angerson, said that this continued commitment to their internship program despite the current condition is not only the right thing to do, but it is a stepping stone to the digitalized future of work. The financial institute is recruiting all its 2019 graduates at the end of their programs. They also have over 400 slots for the 2020 interns. The bank is also planning to recruit over 200 students from the Asia space.
- HSBC is organizing a training program on green finance and has also planned online learning schemes about the future of banking, as well as women in banking.
- UBS Group AG has a plan to train and recruit 300 graduates in Singapore for the next 18 months. Training for the first set of 150 people will begin in October, and they will be inducted using a 60/40 work-study plan. The bank has also made a similar plan for 60 graduates in Hong Kong.
- Not one to stay behind, Deutsche Bank has also launched an online course for students in their penultimate year. This course will expose aspirants to pursue careers in finance. It’s a three days course that consists of resume walkthroughs and interview tips. There’s also a platform where bank officials can interact with graduates. This online course is only meant for China and Hong Kong at present.
All in all
Although COVID-19 has caused damages, which will take a lot of time to recover from, it doesn’t mean the world has stopped learning and progressing. Everyone is evolving unpredictably. There are several opportunities to grow, and we should be hopeful and try to move forward by learning continually.
More in Business
FDA Warns the Public Against Companies Selling Products to “Cure” Alzheimer’s Disease
According to health statistics, around 5 million people in the United States have Alzheimer’s disease. That’s why more and more people...July 1, 2020
Tom Brady Sparks Retirement Rumors After Putting His Brooklyn Mansion for Sale
At 42, the Patriots’ star quarterback Tom Brady is still a force to reckon with. Considered by most fans, pundits, and...June 30, 2020
Ready for College? Here’s Are a Few Ways to Seamlessly Pay for Your Education
It’s that time of the year again when parents are faced with the monumentous task of paying their kids’ college tuition. Regardless of whether...June 30, 2020
Airbnb Taking off in Travel Industry with Its Secret Plan!
Airbnb has been working on something big and the secret has recently been revealed by CEO and co-founder Brian Chesky who...June 30, 2020
After Being Named the Richest Female Music Artist, Is Rihanna Contemplating Retirement?
For Rihanna, 2019 was the year she has been looking forward to all her life. How many times has the singer...June 28, 2020
Real Estate Market Unscathed after Recent Economic Dips
In the last decade, Pakistan’s realty market has undergone considerable maturity. At present, their housing economy has developed the ability to withstand...June 27, 2020
Kim and Kanye Flew in a Special European Crew to Install the Floors in Their Hidden Hills Mansion
Each time we’ve had a glimpse of the home Kim Kardashian shares with her husband Kanye West, there has always been...June 25, 2020
Arctic Ice Shrinking at Alarming Rate as Scientists Reveal Shocking Figures
The ice caps and glaciers around the world are melting at an alarming rate, making scientists extremely worried about global warming...June 22, 2020
Steven Spielberg’s Remarkable Transformation from Struggling Film Student to Hollywood’s Creative Genius
Hollywood is indeed a hotbed of celebrities, and billionaire Steven Spielberg has mastered the art of wading through the industry’s murky...June 22, 2020