Evaluating Graduate Recruitment Programme in Malawian Banking Industry

Abstract

Graduate Recruitment Programme is not receiving substantial attention in the Malawian Banking Sector. There are fragmented programmes across the industry with most banks lacking initiatives to recruit and train graduates from universities as means of building up future management team with common goals and long-term shared vision. Global banking industry is becoming more complex in view of the advent of numerous financial instruments which are integral part of the modern banking system. Experience alone is no longer an option for one to ascend to senior management position in the global banking perspective. Right qualifications could greatly assist the banking work force of the twenty-first century in Malawi. There could be tangible reasons affecting success of the Graduate Recruitment Programmes in Malawi. The benefits forgone would however be far too greater in the long run. Malawian banks should prioritise Graduate Recruitment Programme to ensure graduates are adequately trained to undertake strategic objectives with due competency while being committed to the organisation and high quality services to customers. The Banking sector should design Graduate Recruitment Programme with strategic focus while assisting the recruits to have an understanding of operational matters. Appropriate support and mentorship can provide an auspicious training environment for the recruits and assist them develop to their full capabilities. Malawian banking sector should take advantage of US$41 million funding from African Development Bank to improve employment prospects of graduates in Malawi.