Finished your finance degree or in the process of finishing it, and wondering what to do next? An internship with an established financial institution can be an excellent launch pad to your career, if you’re willing to work at it. The selection criteria may differ per company, but you can generally bank on having to prove your academic excellence (minimum C+ average/ 65% across all years of study and in most relevant subjects).
You’ll also need to have completed or be completing your postgraduate degree in Actuarial Science, Business Science, Commerce (Auditing, Economics, Finance, Investments, Law, Statistics), Engineering, Property Studies or Mathematics. You’ll need to be passionate about what you’ve chosen to do, and convey leadership experience. And finally, get your (complete) application in early.
The Industrial Development Corporation’s (IDC) Internship Programme grooms unemployed graduates for employment, enabling them to meet the development mandate of the IDC. Interns are selected from a wide range of demographically representative groups, including the disabled, and during the programme interns are taught entrepreneurial and business skills, ranging from managing finances to human resources management.
“To address the lack of entrepreneurs in the country, and in support of the Umsobomvu Youth Fund and Youth Entrepreneurship Campaign 2010, i.e. turning youngsters into entrepreneurs, the IDC tweaked its internship programme for the 2008/2009 intake by adding a Business Management component.
“Through this component, each intern has started his/her own entrepreneurial business project, giving each an opportunity to apply their skills and learning.” For more information about the IDC Internship Programme, click here.
Bidvest has a large careers section, feeding 217 business units within 12 industries. These industries span sales, finance, administrations, managerial work, support, retail and distribution, vehicle rental, insurance, e-marketing or auctioneering. “Last year nearly 400 people were promoted and personal development occurred through 12 400 training days involving R11m investment.”
Bidvest also engages in a large amount of corporate social investment, for which internships are but a small part.
Bidvest (through Rennies Travel) contributes to the Business Trust through annual internship programmes at HDI (Human Development Institute) schools and supports the Cotac Bridging Programme to help black school leavers to enter its industry.
It also runs an internship programme to assist HDI students. The company helps Reach and Teach and supports work for HIV/Aids orphans through the Reach for the Hand Foundation. It assists three children’s homes (via Rotary) and supports Seal Special Education and Learning for the Mentally Handicapped. You can contact Bidvest here to find out more about its Interventions.
Investec offers a Graduate and TOPP training programmes which provide an opportunity for graduates to embark on their chosen careers in financial management.
Investec host a Winter School on an annual basis which allows students to gain exposure to the world of finance and insight into the graduate programmes. The Young Women in Finance Conference expose highly driven young women from tertiary institutions across South Africa to the infinite opportunities through exposing them to successful leaders in various industries who have broken through the perceived barriers opposing women in the higher end of the workplace.
To apply for the Investec Graduate or TOPP Programme, please visit the Investec site and complete the online application form. Applicants must attach their CV, matric certificate and university transcripts for all courses completed to date.
The minimum entry requirement for the Graduate Programme is honors degree in Commerce, Business Science, Mathematics/ Statistics, Engineering or IT and a CTA / PGDA / honours in accountancy for the TOPP programme.
Rand Merchant Bank
Rand Merchant Bank is currently offering a Graduate Program for 2010, encouraging students to submit their CVs online. If you’re accepted onto the programme, trainees will be full-time members of RMB, and it is “extremely likely” that you will gain employment with the company. You will have a coach guiding you through the learning process, and will be exposed to subjects such as Business Presentation Skills, Business Analysis, ACI and CFA.
“Our empowering, entrepreneurial culture discourages bureaucracy, embraces accountability and rewards performance. Our people wouldn’t have it any other way. University taught you skills. At RMB, you’ll revolutionise your skills, stretch your thinking and learn about life.”
For more information, visit the RMB 2010 Grad Programme
Please do not send any CVs or applications to this email address.