Capital Juvenil
The Financial and Banking Services program, funded by the Asociación de Bancos de México (Mexican Bank Association, ABM by its Spanish acronym) and Bécalos, concluded in June 2024. The program aimed to reduce the critical talent gap and high turnover rates found in entry-level jobs in the industry, creating economic opportunities for vulnerable youth by strengthening the capacity of TVET schools and building more inclusive recruitment systems within financial and banking institutions.
In collaboration with the ABM and with the participation of representatives from six of the largest and most important banks in the country, IYF developed a curriculum focused on the most critical and scarce skills for entry-level positions, such as bank tellers and associates. By integrating this curriculum into more than 20 TVET campuses across five states and enhancing their capacity through the training of over 100 teachers, the program empowered more than 2,200 youth who are now eligible to compete for approximately 45,000 entry-level positions that the industry requires each year.
"The impact of the program on my students has been remarkable. Before, many of them saw the banking sector as something out of reach. But through the program, their perceptions have changed. Now they understand that with the right training, they can aspire to important roles in this sector. I’ve seen how they’ve gained confidence, how they stand with assurance during presentations, and how they apply what they’ve learned in practical situations, such as job interviews and banking simulations."
Areli Beto Macedonio, Instructor of the Technical Track in Financial and Banking Services at Conalep Ciudad de México.
Program participants also benefited from labor market training and direct engagement with banking institutions through on-site visits, learning sessions with bank personnel, and direct recruitment efforts, resulting in more than 900 interviews. Additionally, the initiative influenced recruitment policies for entry-level positions in the sector, which have traditionally been limited to college graduates.
The program was a comprehensive and collaborative effort that transformed employment opportunities for technical education students in Mexico. Throughout its implementation, targets were surpassed, new hiring policies were established, and partnerships between educational institutions and the banking sector were strengthened.
"In the young graduates of this program, we are seeing that they have very good averages and prepared profiles. All of them have the required knowledge and skills in banking." - Octavio Cristain, Talent Attraction Subdirector, Grupo BANORTE.