What is the average number of days of training someone in investment banking gets?

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

One Response

User deleted says:

January 17, 2011 at 1:14 pm

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