One Response

1. Number of days development

   Ranjit

   I’m not sure I am well placed to give you an answer that reflects the investment banking sector but I can offer some general observations.

   The amount of training offered typically rests on 4 main factors:

   1. How much development they need – this varies from institution to institution and, indeed, from individual to individual. It also depends on external factors such as changes in legislation. It is best to base this on a needs analysis than some averaged benchmark data or other generic formula.

   2. How much the organisation can afford – this is not just about financial limitations on the training budget but also how much time can staff afford to spend away from their desk

   3. What forms of self-managed, online and other development are available – the amount of time allocated to courses will be in part dependant on the extent that learning needs can satisfactorily be met through other means

   4. Tradition and habit – what level of training is the norm; what are the patterns and conventions that are ingrained (I’m not advocating this last item as being a good thing, on the contrary; I am merely pointing out that it is often a factor)

   The five days you mention doesn’t strike me as untypical, but I’d be cautious about relying on such data other than as the broadest indicator of average  – rather than best practice – provision.

   Hope that helps

   Graham