Financial services training courses will equip employees in the banking sector with the relevant skills they need to work at optimum levels in their specific field.
As a corporate industry, financial services training courses will typically follow a linear, traditional structure that has served businesses for many years. This, however, could be detrimental to individual and hierarchical development, as they are outdated compared to modern methods that are now widely available.
In order to improve training programmes, there are several methods that leaders can adopt to ensure a return on investment long term. We’ve outlined three below.
What is a financial services training course?
An effective financial training course will provide an insight into the levers that drive a business in the competitive banking industry, developing the commercial skills necessary to understand why the business is run in the way that it is, while keeping up-to-date with any sector developments.
Suitable for employees at all levels and ages, a financial services training course will focus on a number of areas directly related to the company, including:
- Building and managing budgets
- Commercial decision making
- Commercial selling skills
- Company valuation
- Corporate finance
- Creating shareholder value
Experiential learning in financial services training
Embracing modern forms of learning in the workplace allows employees to bridge the gap between theory and practice. Experiential learning serves to develop specific skills in a controlled environment mirrored to reality, allowing individuals to learn from their mistakes and perform an accurate assessment of their performance.
In various financial services training courses, experiential learning methods can be structured to focus on a number of key areas to the business including budgeting, client service skills, analysis and reporting. Methods like e-learning, microlearning and business simulations are all proven to be effective in fulfilling specific workplace needs.
According to a study conducted by Shift, one in three employees say that uninspiring content is a barrier to their learning. It is therefore important that if an investment in financial services training is made, that business leaders do not waste time and money on a programme that will not engage or develop the skills of their employees.
At MDA Training, our financial training courses can be conducted in-house, and are designed with specific business needs in mind. This allows us to create a unique training solution that employees can integrate into their everyday roles with ease.
In essence, financial services training courses can undoubtedly be improved with the implementation of experiential learning methods. To provide the best possible service for clients and maintain long term relationships, embracing the best form of training is critical.