The results of the first “Monaco Banking and Financial Services” Bachelor Program, which was introduced in September 2016, showed very satisfactory results, with twelve out of 14 students completing their year.
The success was welcomed on Tuesday evening by Didier Gamerdinger, Minister of Health and Social Affairs. The recently appointed minister thanked the Labour Directorate, representatives of the Monegasque Association of Financial Activities (AMAF), numerous professionals and Jean-Philippe Muller, Director of the International University of Monaco, all of whom had made major contributions to the course.
This Bachelor’s degree is the only professional banking diploma specific to the Principality, and is equivalent to a Bac+3.
Part of its educational content is taught by professionals, a formula that meets the requirements and challenges of the Monegasque banking sector. The course reflects a concrete need for the labour market and is aimed primarily at Monegasques, residents of the Principality and young people from neighbouring communes.
Young graduates are immediately operational. Indeed, a dozen banking institutions welcomed them three days a week during the year while they attended IUM the other two days. The quality of the education provided by the IUM in addition to the effectiveness of the public-private relationship have made this new option very worthwhile, the government said.