Suppose you’ve been thinking about the route to a bright future, you just found it through the South African Reserve Bank (SARB) graduate development internship. As we know, there are not many known routes to career success for recent graduates, but for the few ones we’ve discovered, internship tops the chart. So, as a recent South African postgraduate degree holder with a burning desire to make an outstanding career in the financial industry, take action immediately and apply if you qualify.
About the South African Reserve Bank (SARB)
This is the central bank of South Africa, established on June 30, 1921. The bank came into existence as a final parliamentary decision to curb the abnormal financial situation left behind by World War I. That notwithstanding, the central bank of South Africa is a privately-owned financial institution. Though it opened its doors on the 30th of June 1921, it issued the first banknotes to the public on the 19th of April 1922.
Moreover, the South African Reserve Bank is the oldest central bank in Africa and still carries out numerous other financial services for other banks and the citizens of the country. Aside from issuing banknotes and coins, the bank supervises the South African banking system, manages the country’s official gold and foreign exchange reserves, and even acts as a banker to the government.
Overview of the South African Reserve Bank Graduate Development Internship Program
The SARB graduate development internship program is set aside for recent postgraduates willing to work and develop themselves in the financial sector. This program will expose them to the different departments at SARB, where they will have first-hand experience with how the bank runs its day-to-day activities. So, talented applicants who are ready for the challenging yet exciting opportunity can take up this offer.
Where will the internship take place?
The graduate development internship program will take place at the South African Reserve Bank head office, where each intern will be assigned to a department for the program.
How long is the SARB graduate development internship?
The SARB graduate development internship will take off from January through December 2024. This makes it a year-long program.
SARB graduate development internship courses and benefits
During the internship, participants will go through many forms of training and learning stages. These are meant to achieve the goal of releasing the best minds into the banking industry.
The courses for the students include
- How to create excellent PowerPoint presentations
- Assertive communication skills
- Public speaking
- Personal etiquette
Furthermore, at the end of the program, the outstanding interns will receive immediate employment at the South African Reserve Bank. These exceptional students must have a background in accounting, auditing, economics, research, policy analysis,
- Quantitative analysis
- Operational and financial risk management
- Economics and international relations
- Project management
- Portfolio Investment management.
How to apply for the South African Reserve Bank graduate development internship
Interested candidates should apply online at the website and follow all the application instructions there.
SARB graduate development internship benefits
All the interns are entitled to a handsome salary throughout the program period. Successful candidates will receive an offer of employment immediately after the program.
Eligible applicants for the SARB internship
Candidates who are willing to apply for the program must have
- A desire to work in a competitive financial community
- Completed their postgraduate degree
- At least 65% average in the final year
- Be a South African citizen
- Exhibit communication and interpersonal skills
- Have an excellent academic track record
- Must be highly eager to learn
Frequently Asked Questions about the South African Reserve Bank (SARB) graduate development internship
In which city is the South African Reserve Bank located?
The South African Reserve Bank building is located in Pretoria. Number 370 Helen Joseph Street, Pretoria, South Africa.
Is the SARB internship worth it?
The SARB graduate development internship is an outstanding program that was put together to help graduates understand and have in-depth knowledge about the banking world. So, it is a beneficial program to the interns especially.
What does the South African Reserve Bank do?
It protects the currency and its value and sustains the interest rate in order to balance the exchange flow. Also, the bank keeps the financial system of the country at a stable level.
The internship at this bank will take you to a greater height if you diligently follow all you have learned. If you qualify for this program, then you must go for it.