Impact Of Industrial Training On Banking Finance Students

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Impact Of Industrial Training On Banking Finance Students


Abstract


The objective of this study was to ascertain impact of industrial training on banking fiancé student. A total of 200 students of institute management and technology, Enugu state were selected randomly by the researcher as the population of the study. Descriptive Survey research design was adopted for this study. Data collected were presented in tables and analyzed using simple percentages and frequencies. Four objectives were raised which included: (1) To ascertain whether Industrial Training experience help students to secure jobs on graduation, (2) to assist students in their working career, (3) to help the Banking and Finance Students to work in different Bank and Finance and industrial officers, and (4) to find out whether industrial training experience assist students of banking and finance in their academic work.


Chapter One


Introduction

1.1 Background of the Study

As a result of Increasing School Leavers Unemployment in the 1970s the Nigerian Government Introduced the new National Policy on Education in 1981. A major provision of the policy was the Introduction of the training of Banking and Finance Studies of Junior Secondary School (JSS) Level with emphasis on total acquisition of practical skills valve and knowledge that would enable Individuals live meaningfully in the society.

One of the reason for the emphasis on Banking and Finance Studies is the fact that it is a skilled course which would equip its graduates with the needed skills for gainful employment even if they terminate that formal education at the Junior Secondary School Level. This is ensure that courses are taught according to the curriculum and using appropriate methodologies for the subject. It is not possible to teach a student to operate a computer machine nor effectively, without the computer machine nor is it possible to teach a student to operate a proportional spacing of typewriter without such a typewriter for teachers to teach Banking and Finance subject. They must have a thorough knowledge of the subject and certificate in the area, so that they can demonstrate their skill properly for the students to understand and emulate. Noah (1971) and Thompson (1964). The writers stressed that the individual will acquire skills and reach the stated goal by watching on expect and by practisng this I believe that the individual in addition to this, should be given enough practise to enable him master the art.

In other to enhance the study of Banking and Finance there is the need for student to go on field trip. For there will permit students to study equipment and the layout of office and store procedure and study the relationship between department. For effective and efficient work experience it is good that the Industrial Work Experience Scheme (SIWES) as a medium created to expose students to the realities of the world of work in the various disciplines. It enable students watch theoretical classroom knowledge with practical work environment through work or practise. Student Industrial Work Experience Scheme is aimed at the knowledge to technology for the advancement of the nation. Since it was recalled that SIWES programme was originally designed for processional courses. Such as Banking and Finance, Environment Studies, Engineering, vocational. From the above facts, it becomes clear that if the lofty dreams of the nation is to be feasible, the Student Industrial Work Experience Scheme (SIWES) should be encouraged all concerned to enhance the technological advancement of the nation.


1.2 Purpose of the Study

This study is aimed at investigating the impact of Student Industrial Work Experience Scheme on Banking and Finance Students. The merits and demerits of the training to Banking and Finance Student. It will also printout the roles played by educational the Institutions and employers of the students employers of the during the period of the Industrial Training.


1.3 Significance of the Study

It requires little reasoning to discover that this research will be of immense benefits to ITF. It will enable them to see the prospect of their effort towards the programme.

It will also serve as a means of rediscovering the problems faced by trainers for possible modification to enable the continuity of the programme. It will also help them (ITF) to know if their aim and objectives are being fulfilled.
Furthermore this research will be of immense benefit to Banking and Finance Students. It will enable the school to be able to understand specific problem which may relate to the application of industrial training. Parents and guardians will also discover from the findings of the project the problem facing the students of Banking and Finance as far as Industrial Training is concerned. The secondary School Leavers also will find it necessary when making their choice of career.


1.4 Scope of the Study

The scope of the study is limited to the students of Banking and Finance. It is no way extended to other department in the school of financial studies. It is only based on finding out accurately the significance and impact that Industrial Training has created in this department and making the students that have passed and are about to pass out in this course excel professional in the course.


1.5 Limitation

The period allocated to this project was very short. On the limited time, finance was another hindrance for the researcher in carrying out the report as she wished.


1.6 Research Questions

The study is centered on the impact of Industrial Training on Banking and Finance Students.

  1. Can Industrial Training experience help students to secure jobs on graduation?
  2. Do students learn what is relevant to their file of study in Industrial Training?
  3. Will Industrial Training experience help the Banking and Finance Students in their working career?
  4. Will Industrial Training experience help the Banking and Finance Students to work indifferent Banking and Finance and industrial officers?
  5. Dose Industrial Training experience assist Banking and Finance Students in their academic work?

1.7 Definition of Terms

1. Unemployment:

Lack of job for number of people in the society.

2. Practical Skill:

Skills gained resulting in idea.

3. Methodologies:

The set of methods use for the study of action in a practical subject.

4. Learning:

The process of solving problems and process of adjustment through constant practice.

5. Industrial Training:

The process of relating acquired theoretical knowledge gained to role life practical situation.

6. ITF:

Industrial Training Fund.

7. SIWES:

Student Industrial Work Experience Scheme.

8. Banking and Finance Students:

Those students studying Banking and Finance courses under Banking and Finance Department.


1.8 Organization of the Study

This research work is organized in five chapters, for easy understanding, as follows

  • Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study.
  • Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature.
  • Chapter three deals on the research design and methodology adopted in the study.
  • Chapter four concentrate on the data collection and analysis and presentation of finding.
  • Chapter five gives summary, conclusion, and recommendations made of the study

Chapter Five


Summary, Conclusion and Recommendation

5.1 Introduction

It is important to ascertain that the objective of this study was to ascertain impact of industrial training on banking fiancé student. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of impact of industrial training on banking fiancé student


5.2 Summary

This study was on impact of industrial training on banking fiancé student. Four objectives were raised which included:To ascertain whether Industrial Training experience help students to secure jobs on graduation, to ascertain whether Industrial Training experience help the Banking and Finance Students in their working career, to ascertain whether Industrial Training experience help the Banking and Finance Students to work in different Banking and Finance and industrial officers, to find out whether Industrial Training experience assist Banking and Finance Students in their academic work. In line with these objectives, two research hypotheses were formulated and two null hypotheses were posited. The total population for the study is 200 students of institute management and technology, Enugu state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made final year students, year three students, year two students and year one students were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies


5.3 Conclusion

Based on the findings of the study, student of institute management and technology, Enugu state have low performance of students on banking and finance skills as well as low preparedness work situation after SIWES; it is therefore concluded that financial accounting students require proper and adequate awareness of firms that can readily build in them the skills and preparedness for work upon embarking on SIWES. It is hoped that if all SIWES stakeholders are reminded or well aware of the influence of SIWES and the strategies to achieving the objectives of the scheme, it will go a long way to curb unemployment as financial accounting students will acquire entrepreneurial skills and preparedness for work after the programme.


5.4 Recommendation

Based on the findings of the study, the following recommendations were made:

  1. College Administrators should liaise with well-equipped firms or organizations that are ready to accept and teach students what is required to post students to such organizations for SIWES.
  2. Sanction should be given to any organization by the government on rejection of students for SIWES upon report given against such organizations
  3. Visiting of students during the SIWES programme should be ensured by the industrial training fund officials and College coordinators in order to ensure that students get necessary exposure and to boost their morale. 4. Selection of placement should not be left completely to students. The College should device a means of allocating students to related companies or organizations

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