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



I am seeking some guidance. In your experience what is the average number of days someone working in investment banking gets annually? I am not talking about people on grad schemes or analyst programs who will obviously get a lot of training. But for the regular lateral hire who joins with 1-7 years of work experience and has been hired for a specific task, what is the average number of days training they should expect to get?

If anyone can share any information that would be useful. I have been quoted 3 days of business or finance training and 2 days of soft skills training annually per person - which seems a bit high. Seeking guidance.



One Response

  1. Number of days development


    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


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