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Liverpool students to fill financial sector skills gap

An agreement between Liverpool City Council and the Chartered Institute of Securities and Investment (CISI) will give every sixth form student in the city the chance to study for a new finance qualification.

Predictions made in an economic report on the Liverpool City Region by the former Minister for Merseyside, Lord Heseltine and ex Tesco chief Sir Terry Leahy, said an additional 22,000 jobs will be created in professional services over the next 10 years.

The Council hopes to fill a potential skills gap by offering a new industry and university-recognised qualification to young people, and offer an opportunity to work in the financial sector.

Students will learn about bonds, derivatives and asset-backed securities, while they will also look at the importance of ethics and integrity in the sector as well as the causes of the global financial crisis and problems in the Eurozone.

Cllr Jane Corbett, Cabinet Member for education and children’s services, commented: “This is a really important new qualification which will be offered to our young people, giving them a chance to develop a real knowledge and understanding of the world of finance.

“This qualification will give our students a competitive advantage when they are looking for job and training opportunities in the wealth management and financial services sector.

“It is also really important that our young people understand the importance of responsible finance and how investment and wealth institutions impact on our everyday lives.”

Work will take place to promote the scheme which will run from the central ‘hub’ of Archbishop Beck Catholic College in Walton from September 2013.

The project is a partnership between CISI, the city council, the Liverpool Learning Partnership and Archbishop Beck Catholic College, and is supported by Liverpool Vision.

This was posted in Bdaily's Members' News section by Miranda Dobson .