About RBC > Media Newsroom > News Releases > 10,000 new student opportunities by end of 2020: Toronto Financial Services Alliance launches ambitious pilot to help young Canadians jump-start their careers
TORONTO, April 19, 2017 - Toronto region’s financial services employers are increasing their investment in young Canadians through a ground-breaking, sector-wide initiative to create 10,000 new work-integrated learning opportunities for post-secondary students by the end of 2020. Named ASPIRE, the pilot program has been designed by the Toronto Financial Services Alliance (TFSA), with the help of 10 financial services employers and 7 Ontario colleges and universities. ASPIRE’s complementary goals are to improve students’ transition from school to the workplace and grow the pipeline of in-demand skills needed in the sector.
To support the creation of new work-integrated learning opportunities in the sector - from internships and co-ops, to capstone projects, incubators and accelerators - ASPIRE will include several components rolling out over the next few months:
Dave McKay, President and CEO, RBC states: “Our sector has led the charge for work-integrated learning for many years. And this initiative will see an acceleration in our support at a time when young people need access to experiential learning more than ever. Work-integrated learning improves the value of education and it increases innovation. Above all, it is a huge social leveler, building networks and providing access to students from all backgrounds to the world of work.”
“Blending higher education and practical work experience prepares the next generation and accelerates career growth. Students are exposed to new ideas and job opportunities and companies gain new thinking and talent” adds Mona Malone, Chief Talent & Learning Officer at BMO Financial Group.
Michelle Clarke, Vice President, Organizational Effectiveness, Human Resources at OMERS agrees: “Attracting and developing students is an excellent way for OMERS to bring talent into the pensions industry. We are proud to partner on ASPIRE to provide students a broader experience and exposure within the financial services community.”
ASPIRE was designed with the input and guidance of a committed multi-stakeholder working group including:
Part of the bigger picture
ASPIRE is the first of several work-integrated learning sector pilots initiated across the country by the Business/Higher Education Roundtable to fulfil its commitment to making work-integrated learning a fundamental part of the Canadian undergraduate experience, as a means of improving school-to-work transitions for young Canadians, and their employers.
For more information, please contact:
Sashya D’Souza, Vice President, Centre of Excellence in Financial Services Education, TFSA
About Toronto Financial Services Alliance:
The Toronto Financial Services Alliance is a public/private organization whose mandate is to enhance and promote the long-term competitiveness of Toronto as a top ten international financial services centre. Its membership encompasses core financial services companies - banks, brokerages, investment fund managers, insurance companies, pensions – as well as partner sectors - accounting, law and education. Established in 2001, TFSA is a collaboration involving three levels of government, the financial services industry and academia. For more information, please check our website at www.tfsa.ca.
About the Business/Higher Education Roundtable:
Launched in 2015 by the Business Council of Canada, the Business/Higher Education Roundtable represents some of Canada’s largest companies and leading post-secondary institutions. Composed of leaders from the private sector, universities, colleges and polytechnics, BHER works to support young Canadians as they transition from education to the workplace, strengthen research collaboration between industry and institutions, and help Canadian employers as they adapt to the economy of the future. His Excellency the Right Honourable David Johnston, Canada’s Governor General, serves as BHER's Honorary Patron. Learn more at bher.ca.
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