PM Anwar Launches Graduate Programme to Bolster Capital Market Talent
by Fintech News Malaysia June 20, 2023Prime Minister Dato’ Seri Anwar Ibrahim has launched a flagship capital market initiative to help ease the shortage of skilled talent in the field. The Capital Market Development Fund (CMDF) is funding this RM30 million graduate programme.
Dubbed as investED, the initiative will help improve the knowledge and employability of 9,000 university graduates, especially for the capital market industry, over three years from 2023.
The initiative is driven by the Securities Commission Malaysia (SC) with collaboration with the Ministry of Finance (MOF), the Ministry of Higher Education (MOHE), Bursa Malaysia and leading capital market industry players.
The inaugural investED Leadership Programme featured participation of more than 70 companies from the capital market. The programme will provide participating students more than 200 job placements, including 150 permanent employment.
The leadership programme comprises of one month comprehensive classroom learning and six months of on-the-job placement at designated companies.
Selected graduates will receive a RM2,000 allowance during their formal training and a minimum monthly stipend of RM2,400 during the on-the-job placement.
Applications for investED’s Leadership Programme is now open to fresh graduates and students graduating this year.
Dato’ Seri Dr. Awang Adek Hussin
SC Chairman Dato’ Seri Dr. Awang Adek Hussin said,
“Talent cultivation is vital for an industry with high talent mobility like the capital market. The programme is introduced to help address the mismatch of talent between graduates and the growing needs of the industry, which is seeing the shift to the digital world.
Thus, it is crucial that the ‘last mile’ assistance be given to graduates to address this mismatch. We hope this initiative will enhance the employability of graduates and enable them to seize the various job opportunities in the capital market.”
