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The MFAA has unveiled a new traineeship aimed at school leavers who are interested in forging a career in finance broking.
Currently in the pilot phase, the Mortgage and Finance Traineeship is a joint venture between the MFAA, training provider MEGT and the Institute of Strategic Management that offers school leavers a structured two-year program, which includes recruitment and employment, training of a qualification from a Certificate III with the option to extend to a Certificate IV level, on-the-job experience, and workplace mentoring and support.
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MFAA chief executive Siobhan Hayden said the association has been consulting with the industry to develop a professionally-constructed pathway with on-the-job experience and matching education so that young adults see the role of a broker as a genuine career choice.
"Finding, attracting and retaining young, enthusiastic talent to our industry has always been a challenge. The Mortgage and Finance Traineeship will produce both the quantity and quality of young people to support our strong market share growth, and will create a pipeline of new talent to address our ageing industry," she said.
"This program will see young adults working with the best educated finance brokers in the country, which is a real benefit to all parties involved."
Rod Edge, head of knowledge management and collaboration at the MFAA, said one of the gaps that the industry has been trying to fill is providing a career path with on-the-job experience, training leading to a qualification and a supporting working environment for school leavers.
"This solution fills that gap," he said.
“Apart from supporting the industry need by attracting young, enthusiastic adults who are properly prepared and qualified as new brokers, the additional benefit of the solution is that the time-consuming recruitment activities are handled by a third party, and our members host school-leaver trainees in their workplace, at a reduced risk to their business."
[Related: FBAA recruitment campaign attracts over 1,000 students]
