EconomyWork-study training, a route of choice in the banking...

Work-study training, a route of choice in the banking sector

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With the rise of new technologies, the evolution of uses and the democratization of online services, the banking sector is undergoing major changes. According to figures from the French Banking Federation, 44,000 positions were filled in 2019, against 35,300 recruitments in 2020 in the midst of the pandemic.

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However, among a multiplicity of courses, work-study training is a privileged route, since the branch had 15,200 work-study students in its workforce that year.

In office six months after graduation

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“This practice is nothing new. Alternation has always been a privileged access route. It is in the DNA of the banking sector ”, explains Béatrice Layan, head of the Observatory of banking professions. Thus, the branch recruits around 6,000 new work-study contracts each year at the national level. These young people join the ranks of some 8,500 work-study students already in the circuit.

The interest of this type of training? “The virtual certainty of obtaining a job at the end of his course”, certifies the expert. And the latter to explain: “This path is very favored by the candidates but also by the banking establishments, since it is a win-win contract. Young graduates have two to three years of business experience under their belt, which makes them immediately employable. For their part, the host banking establishments have every interest in directly hiring their work-study students, whose work capacities they already know. “

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The success of this type of course can be seen in the figures: 70% of young people who have taken a work-study program are employed six months after obtaining their diploma, according to a study published in 2018 by the Observatory. In addition, 56.3% of them had been hired by their host company.

A dedicated training organization

Different courses now offer a mix of theoretical teaching in the classroom and practical exercise in an agency. In particular, the banking sector has forged several partnerships with major business schools, in order to include a work-study program in the preparation of diplomas such as that of professional or asset manager. Some university degrees also add field immersions to their curriculum.

However, the majority of work-study students are trained at the CFPB-École supérieure de la Banque. Created by players in the sector, this benchmark body provides its courses in some sixty course centers located throughout the country. From BTS to professional license, through bachelors and masters, it offers a wide range of diplomas recognized by the profession, ranging from bac +2 to bac +5. Each year, the CFPB also launches its “Alternance Campaign” at the end of January, in order to fill several thousand positions.

Qualification on the rise

The banking model is evolving and so are its recruitments. For a very long time, the majority of candidates were hired at bac + 2 before gaining skills throughout their careers. But in recent years, the trend has been towards more and more qualified profiles.

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According to the 2018 study by the Observatory of banking professions, 63% of those recruited now have a bac +4 or +5 in their pocket, against a little over 30% who have a bac + 2 or +3. These figures can be explained in particular by the increasing complexity of the job of account manager, which represents one in two hires in the sector. To qualify for the management of a professional or patrimonial portfolio, the master is thus essential, while the license is sufficient for the individual account manager. Conversely, the BTS level is now reserved for receptionist positions.

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