Association of Black Securities and Investment Professionals Bursary Programme 2014


Advertiser: Association of Black Securities and Investment Professionals
Location: National

One of ABSIP mission statements reads: 'To build leaders that shape the future of the Financial Services industry and the broader economy'. To accomplish this mission statement, a pool of candidates with the relevant training, education and skill set, is a basic requirement out of which leaders will be developed. To this end, ABSIP has put together a bursary scheme for well deserving candidates to further their studies at any recognised South African university.

The bursary scheme is only open to historically disadvantaged individuals to help ABSIP achieve its strategic objective of promoting careers in the financial services sector as a profession within the black communities and also of facilitating growth in the demographic representation of black professionals in the core strategic areas of the financial services sector.

The relevant course of study for an ABSIP bursary is commercial degree or a related discipline however a course of study that is considered critical or in short supply to the broader South African economy will also be considered.

The bursary is designed to offer financial assistance based on academic merit and financial need. The academic merit involves having achieved a good academic record at the school level or at least a second class pass in the university studies.

The bursary scheme is one of many projects that ABSIP undertakes to achieve its vision of being the lead custodian of professional interest and black business in the Financial Services sector.

Closing date: 29 November 2013

Click here to apply
Definitions:

Internship:

There are basically two types of internships:

  • The Undergraduate Internship: Usually with bigger organisations that pick undergraduates to attend the internship. It often takes places during the holidays and the average durations is a few weeks. In most cases the intern will receive some sort of stipend or salary and this type of internship may lead to a job offer to the intern once he / she is finished with their studies.
  • The Graduate Internship: This type of internship could be paid or unpaid and it is to gain practical work experience after the qualification has been completed and in a job related to the qualification. It could be from a few weeks or even one or two years long. This type of internship could also lead to permanent employment.

Learnerships:

A learnership is an occupational qualification and it consists of theory and work-based experience and practical skills, with formal assessment and a qualification. At the end of the learnership the candidate may be offered permanent employment.

In-service training:

In-service training is to gain practical work experience during studies. It usually takes place after a few years of theory has been successfully completed. It is essential work experience that is part of the qualification and the in-service training is necessary to achieve the qualification. It could be paid or unpaid.