The Institute of Banking Studies (IBS) is a non-profit organization established in 1970 by an Amiri Decree (counterpart to a Royal Charter), issued by the Amir (Ruler) of Kuwait. Its Board consists of the Chairman, the Governor of Central Bank of Kuwait and Members who are the CEOs and CGMs of all Kuwaiti Banks. It was conferred the status of a Specialized Institute in 1982 by an amendment of the Amiri Decree.
Support to Higher Education
IBS contributes to the growth and prosperity of the Kuwaiti banking and financial sector by providing state-of-the-art professional education, training, certification, language learning, research and consultancy services that align talent resources and decision-making capabilities within this sector to global standards.
Type of Support
Training
Kuwaiti Graduates Development Program (KGDP)
The training covers the fields of banking and finance. This program trains fresh university graduates to be the future senior officials in the Kuwaiti banks. The practical and rigorous one-year program is carefully designed to lay the foundation for starting a banking career at an officer level. Certificates are issued upon completion of training. The main components of the program are:
● In-class training that comprises a group of integrated core and specialized competencies needed for banking careers.
● E-learning courses that aim to support the in-class training by providing prerequisites and addressing certain competencies that are not included in the in-class training.
● Local field training in the Kuwaiti banks at selected intervals to create opportunities to apply what will be learnt during the in-class training.
● International field training in international banks to provide a global perspective and exposure to international banking practices.
Duration of Support
The program duration is 12 months (including public holidays and breaks) divided as follows:
● In-class Training: 33 weeks
● E-learning Courses: 100 hours
● Local Field Training: 7 weeks
● International Field Training: 8 weeks
Eligibility Criteria
Applicants should:
● Be Kuwaiti nationals.
● Not be employed in any other organization.
● Have a minimum of a Bachelor’s Degree with the following conditions:
o Priority is given to majors in finance, banking, accounting or economics.
o A minimum of B (2.67 on a 4.0 point system), or the equivalent, in both general Grade Point Average (GPA) and Major Grade Point Average (MGPA).
o Graduated not more than two years.
o Achievement of the minimum scores indicated in the Institute of Banking Studies internal English Language Test.
Application Procedures
● Applications are to be sent with the required documents further to advertisement in newspapers.
● IBS may use prominent psychometric tools to assess the match between the profile of the applicants and banking careers.
● All applicants will have to go through personal interviews to assess their eligibility.
Deadlines
Deadlines for application are published in newspapers.
Contact
Ms. Huda Hani Al-Majzoub, Marketing and Public Relations Manager
E-mail:
huda@kibs.edu.kw