Hi! Actually are there any people who graduated from this programme here or have started on the programme? I wonder if we can really apply the data analytics skills that we have learnt when we are engaged by the FI. I am afraid that the FI will just use us a cheap labour to do minion jobs.
Also, Im weighing out: would it be better if I give up a job to go into this programme VS I take a part-time course on data analytics while working now and try to find a permanent job instead? Any comments?
This is also what I think could happen. It depends on the FI. I attended some of the interviews with the FI and past trainee, you can check them on the IBF facebook, probably still there. There are those who were offered permanent positions. But I think probably few... can ask IBF when you later on decide on signing up the program - the stats.
I think one should ask the FI what projects they have planned but not stop at the highlevels. If the FI could not produce a good plan, then there is a possibility that one would end up as cheap labour. Things like how mission critical the project is, who are the sponsors, how many people working on the project and so on... and possibly if it's a MAS project (with dateline from MAS). Get a sense of the commitment from the FI. Some may be daily operations, tag along and learn, which is possible. I think potentially CS may be in such a situation.
I would suggest that you take down all the details (and as much as possible). If the FI does not deliver on the commitments, then you can resign from the program as it does not benefit you. Yes, the program allows you to resign from it. But do remember that the FI does have a upper hand, they can (short of a good word) bad mouth you in the job market or blacklist you and you may not be able to join the company later on. But if it's really that bad, then you could based on the commitment, ask IBF to help you negotiate something with them.
As for the last part, if you think that you can get a job on your own with the DA skills, then why not ? But you really have to prove yourself given that you may not have a portfolio and experience.
But even if you are taken as cheap labour, it's a good opportunity to make good use of their resources to learn. eg, they may have all the software which you can use (and yes, ask them what software they using). Could be in DA case, PowerBI dashboard, Tableau and you can on your own build up a portfolio. Get exposure on all the software, get to know people and learn all the bank processes (processes and business knowledge impt !). It's very different from paper knowledge.
Timeout... cheers.