The Cayman Financial Services industry plays an important and active role in the local community.
Cayman’s financial services industry provides over $1.8 million per year towards scholarships, internships and training for talented, hardworking Caymanians. It gives more than 2.2 million per year to charities in our community.
Cayman Finance Student Education & Work Experience Program
Looking to develop young talent and investing in the next generation of financial services professionals in Cayman, Cayman Finance and its members, along with government, teamed up to create a pathway for high performing students towards a career in the financial sector.
Now in its third year, the Cayman Finance Student Education & Work Experience Programme Cayman Finance was developed in partnership with the Ministry of Education, Employment and Gender Affairs and the Ministry of Financial Services, Commerce and Environment launched.
In its pilot year, the programme was available exclusively for Year 12 students in the government dual-enrollment programme in Grand Cayman. Due to its tremendous success, the programme was expanded to include Caymanian students in private schools as well as students from Cayman Brac.
Last year, 68 students completed the workshop and mentor components, with 64 students accepting work experience placements at 29 different organisations. There were a total of 74 mentors trained from 19 different organisations and 32 individual organisations participated in total.
The 12-week program educated the participants on the local financial services industry, built relationships with key stakeholders and provided important pathways to future career opportunities. The programme consisted of three main components: facilitated workshops, mentorships and work experiences.
Cayman Finance member firm representatives were trained to conduct in-classroom workshops on a variety of topics including a financial services overview, industry sectors and career skills. Coinciding with the workshops, each student was paired with a mentor, whom they met with weekly to learn about the industry as well important soft skills in the workplace. Mentors in the programme consisted of senior management and partners from various Cayman Finance member organisations.
After students completed an application and interview process with multiple organisations, they were given a 4 week opportunity to work within a Cayman Finance member firm to gain knowledge of the industry, resulting in job-ready and engaged young professionals.