Date:14/12/2006 URL: http://www.thehindubusinessline.com/2006/12/14/stories/2006121404381500.htm

Back ISE sets up training institute

Our Bureau

Hyderabad , Dec. 13

To solve the demand-supply mismatch for trained people in the capital markets and financial services sector, Inter-connected Stock Exchange of India (ISE) today announced the setting up of a training institute in Hyderabad.

Alongside, ISE signed up with Nalsar University of Law to groom law graduates interested in pursuing careers in the financial services markets.

Mr V. Shankar, Managing Director of ISE, said that new and emerging areas such as investment banking, which has become one of the most sought-after career of management graduates, face a big shortage of trained manpower, which prompted ISE to set up a specialised institute.

The institute will cover 14 broad areas, including equity, derivatives, portfolio management and compliance requirement for brokers.

The training would be open to not just freshers, but for established professionals too, he added.

Mr Ranbir Singh, Vice-Chancellor of Nalsar, said that graduates are averaging annual salaries of Rs 6-18 lakh.

Most of the students are sitting with more than one offer on hand and are opting for careers of their choice.

However, an important issue relates to the fact that majority of the students are not opting for careers at the bar, which is one of the important objectives of Nalsar.