KUALA LUMPUR, June 19 — The Capital Market Graduate Programme (CMGP), known as InvestED, will help produce graduates who will be more readily absorbed into the capital market.
According to Securities Commission (SC) Malaysia chairman Datuk Seri Awang Adek Hussin, the programme can simultaneously reduce the talent deficit and improve the marketability of graduates.
“One of the challenges facing the capital market for a long time is the lack of skilled manpower to fill various critical positions in various sectors,” he said in his speech at the launch of CMGP, officiated by Prime Minister Datuk Seri Anwar Ibrahim here, today.
“In some industries, the skilled manpower deficit is estimated to be between 30 per cent and 40 per cent.
“It appears that, while there are many graduates who are looking for jobs, at the same time there is a severe shortage of skilled workers in the market as though there is a supply and demand mismatch,” he said.
Therefore, Awang Adek said it is important to help graduates to reduce this mismatch.
“It is with this awareness that the CMGP was conceived so that it can be a bridge between graduates and the capital market,” he added.
InvestED is the first collaboration between the SC, the capital market industry, and the universities where it is held, with the cooperation of the Finance and Higher Education Ministries, Bursa Malaysia and leading capital market industry players.
He said RM30 million has been allocated from the Capital Market Development Fund for three years to provide additional training to 9,000 prospective graduates, as well as for paid placement programmes for those selected.
InvestED is expected to provide job opportunities to about 600 graduates within three years via job placement and on-the-job training provided by capital market industry players.
Applications for the programme is open to new graduates and this year’s graduating students. Applications can be made at https://www.invested.my/leadership-programme/. — Bernama
