Abstract

This research was carried out to find out the Impact of Industrial Training on Banking and Finance Students of I.M.T. Enugu. The project was divided into four chapters. Chapter one dealt with Background of the study scope of the study and limitation of the study. Chapter two looked at the methodology used for the research, while chapter three gave a vertical analysis of the Related Literature Review, Historical Background of Industrial Training Fund and Development of SIWES. A summary of findings, recommendation and conclusion were draw in chapter four

 CHAPTER ONE

INTRODUCTION

1.1      Background of the study

As a result of Increasing School Leavers Unemployment in the 1970s the Nigerian Government introduced the new National Policy on Education in 1981. A major provision of the policy was the Introduction of the training of Banking and Finance Studies of Junior Secondary School (JSS) Level with emphasis on total acquisition of practical skills valve and knowledge that would enable Individuals live meaningfully in the society.
One of the reason for the emphasis on Banking and Finance Studies is the fact that it is a skilled course which would equip its graduates with the needed skills for gainful employment even if they terminate that formal education at the Junior Secondary School Level. This is ensure that courses are taught according to the curriculum and using appropriate methodologies for the subject. It is not possible to teach a student to operate a computer machine nor effectively, without the computer machine nor is it possible to teach a student to operate a proportional spacing of typewriter without such a typewriter for teachers to teach Banking and Finance subject. They must have a thorough knowledge of the subject and certificate in the area, so that they can demonstrate their skill properly for the students to understand and emulate. Noah (1971) and Thompson (1964). The writers stressed that the individual will acquire skills and reach the stated goal by watching on expect and by practicing this I believe that the individual in addition to this, should be given enough practice to enable him master the art. In other to enhance the study of Banking and Finance there is the need for student to go on field trip. For there will permit students to study equipment and the layout of office and store procedure and study the relationship between departments. For effective and efficient work experience it is good that the Industrial Work Experience Scheme (SIWES) as a medium created to expose students to the realities of the world of work in the various disciplines. It enables students watch theoretical classroom knowledge with practical work environment through work or practise. Student Industrial Work Experience Scheme is aimed at the knowledge to technology for the advancement of the nation. Since it was recalled that SIWES programme was originally designed for processional courses. Such as Banking and Finance, Environment Studies, Engineering, vocational. From the above facts, it becomes clear that if the lofty dreams of the nation are to be feasible, the Student Industrial Work Experience Scheme (SIWES) should be encouraged all concerned to enhance the technological advancement of the nation.

1.2      STATEMENT OF THE PROBLEM

The student’s industrial work experience scheme was established to help students gain practical experience in industry in the course of their studies.  There are problems associated with the scheme.  These include the fact that it has not run on been known type of experience students are exposed to in their industrial training. It has not been known whether the experiences so exposed to are relevant in their prospective career.  It is not certain whether industrial training experience is responsible for some students dropping out to work instead of returning to school for higher studies.

1.3       OBJECTIVE OF THE STUDY

The objectives of the study are;

1.   To ascertain whether Industrial Training experience help students to secure jobs on graduation

2.   To ascertain  whether Industrial Training experience help the Banking and Finance Students in their working career

3.   To ascertain whether Industrial Training experience help the Banking and Finance Students to work in different Banking and Finance and industrial officers

4.   To find out whether Industrial Training experience assist Banking and Finance Students in their academic work

1.4      RESEARCH HYPOTHESES

For the successful completion of the study, the following research hypotheses were formulated by the researcher; 

H0:  Industrial Training experience does not help students to secure jobs on graduation

H1: Industrial Training experience helps students to secure jobs on graduation

H02: Industrial Training experience does not help the Banking and Finance Students in their working career

H2: Industrial Training experience helps the Banking and Finance Students in their working career

1.5      SIGNIFICANCE OF THE STUDY

It requires little reasoning to discover that this research will be of immense benefits to ITF. It will enable them to see the prospect of their effort towards the programme. It will also serve as a means of rediscovering the problems faced by trainers for possible modification to enable the continuity of the programme. It will also help them (ITF) to know if their aim and objectives are being fulfilled. Furthermore this research will be of immense benefit to Banking and Finance Students. It will enable the school to be able to understand specific problem which may relate to the application of industrial training. Parents and guardians will also discover from the findings of the project the problem facing the students of Banking and Finance as far as Industrial Training is concerned. The secondary School Leavers also will find it necessary when making their choice of career.

1.6      SCOPE AND LIMITATION OF THE STUDY

The scope of the study is limited to the students of Banking and Finance. It is no way extended to other department in the school of financial studies. It is only based on finding out accurately the significance and impact that Industrial Training has created in this department and making the students that have passed and are about to pass out in this course excel professional in the course. The researcher encounters some constrain which limited the scope of the study;

 a) AVAILABILITY OF RESEARCH MATERIAL: The research material available to the researcher is insufficient, thereby limiting the study     

b) TIME: The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.

c) Organizational privacy: Limited Access to the selected auditing firm makes it difficult to get all the necessary and required information concerning the activities  

1.7 DEFINITION OF TERMS

1. UNEMPLOYMENT: Lack of job for number of people in the society.

2. PRACTICAL SKILL: Skills gained resulting in idea.

3. METHODOLOGIES: The set of methods use for the study of action in a practical subject. 

4. Learning: The process of solving problems and process of adjustment through constant practice.

5. Industrial Training: The process of relating acquired theoretical knowledge gained to role life practical situation.

6. ITF Industrial Training Fund.

7. SIWES: Student Industrial Work Experience Scheme.

8. Banking and Finance Students: Those students studying Banking and Finance courses under Banking and Finance Department.

1.8 ORGANIZATION OF THE STUDY

This research work is organized in five chapters, for easy understanding, as follows

Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study. Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding.  Chapter five gives summary, conclusion, and recommendations made of the study 

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