Widening access to formal education for the South African Banking industry

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Widening access to formal education for the South African Banking industry


Milpark’s NQF 6 banking qualification

The purpose of Milpark’s NQF 6 banking qualification is to build on the basic concepts of banking covered in a previous NQF 5 qualification, and to offer more intermediate banking topics. However, Milpark also caters for banking specialists that have already gained relevant, prior work experience, and formal and informal training and who would like to enter into the NQF 6 qualification directly. As part of our recognition of prior learning policy (RPL) for access, we will accept admission applications from those individuals for a portion of all admitted students. We require a letter from the employer describing the work experience and role, proof of relevant training as well as a recent CV. Should potential students want to choose specific electives that need additional pre-knowledge, we might pre-scribe a bridging course. Interested parties are welcome to contact our student services department on [email protected]

The curriculum of the min. 1 year Advanced Certificate in Banking Services (AC in BS) is designed to ensure that students are knowledgeable about the context in which banking services are promoted. Once individuals finish this qualification, they will be familiar with banking and business law, and understand the banking system as a whole and deal with bank management tasks. They will also be able to apply the basic principles of bank risk management. In addition, they will be able to operate on a day-to-day basis in selected disciplines, i.e. sales, credit, human resources, finance, etc. Lastly, the programme also covers future-fit electives like financial crime, disruption in the banking industry, etc. With this, students will have potential career prospects as universal bankers in tomorrow’s banking world.

Milpark’s NQF 8 banking qualification

Milpark’s NQF 8 banking qualification will equip individuals with the skills necessary to function in various management or specialist positions in the banking and financial services sector. Graduates will demonstrate competence in a wide range of banking-related aspects, and will be able to establish themselves as credible participants in their field. Given the extensive practical experience and formal as well as informal training that many more senior bankers can show for, Milpark is inviting bankers with a degree as their minimum previous qualification to apply for recognition of prior learning (RPL) for credits for up to half of the qualification, which means they will be able to achieve their NQF 8 in a faster and more cost-efficient way. We will assess individuals on the basis of previously completed work projects and portfolios of evidence. Interested parties are welcome to email us at [email protected]

In the 1 year min. Postgraduate Diploma in Banking (PGDip in B), for the compulsory subjects, students will be familiarised with strategic views on issues such as risk management, regulation, ethics, bank management and international strategy. With this knowledge, students will be able to evaluate problems and advise on solutions in an ethical and professional manner within the highly regulated banking sector. Electives will allow students to specialise in different areas of banking, such as retail and private banking, corporate and investment banking, corporate finance or management. Students will also conduct an integrated banking project, where topical issues in the banking industry are researched and reported upon. Lastly, students can elect to be exposed to latest content on Financial Services Technology. The programme’s teaching and learning methodology including group work and case studies will prepare graduates well to advance to more senior positions within the banking sector of the future.

Both Milpark’s Advanced Certificate in Banking Services as well as Postgraduate Diploma in Banking appear on the Financial Sector Conduct Authority’s (FSCA) list of recognised qualifications for FAIS Fit and Proper purposes. In terms of this rating, the qualifications are considered to be relevant to all product categories as a generic (G) qualification.

Dr. Antje Hargarter

Dean: School of Investment and Banking


18 Jun 2020