In the year 2004, Austal Group established Austal Analytics, a company that utilizes proprietary methods and frameworks to perform financial and accounting services. The company faced an uphill problem of finding quality finance professionals as the resources did not possess the necessary financial skill sets. Noticing this problem, Austal Group established Austal Education which would focus on the modeling and valuation training for finance professionals.
"It is vital that the people who work in the financial world have a practical and real world understanding, so that they can perform better," says Shoumitro Goswami, Director, Austal Education. "Our institute provides practical and real-world applications of finance theory with practical examples and hands-on exercises for the same," he adds. For the finance professionals who want to go the extra mile, Austal Education demonstrates the actual valuation analyses and financial modeling methodologies that are employed by Wall Street professionals. While finance professionals are shown in-depth finance knowledge, the institute also provides basic training for IT professionals- building IT applications for financial institutions. The institute has ensured that the material is constantly updated and expanded to offer the most current and comprehensive learning experience.
Austal Education offers students and working professionals several proprietary courses in finance such as Analytics, CFA Program, Investment Banking, Finance Modeling, Trade life cycle and portfolio and risk management. The institute also offers several university courses such as Accounting Management, Risk Management, Cost Management and various others. The association with the institute offers students and working professionals the opportunity to work for banks as it facilitates them to take part in the Institute of Banking Personnel Selection.
"All these programs are taught by members of the Austal Education team who have worked across a broad spectrum of financial industries including investment banking, hedge funds, real estate, accounting and equity research," says Goswami. The faculty members have full time jobs in the corporate and the institute has ensured to implement practical and real world experience so that the trainees who pass out will have in-depth knowledge of their selected subject(s). Trainees are guided in the process to make better resumes, prepare for interviews by asking them to attend mock interview sessions and provide placement assistance.
Austal Education has a variety of clients ranging from companies such as State Street Global Advisors, Ernst & Young to educational institutions such as IIMB, Christ University, and Symbiosis Institute of Business Management. While providing a variety of skill sets to its global clients and helping them stay up to date with the latest developments in the financial domain, the institute also has a few Indian clients who have realized the importance of the same. "By guiding employees and students to advance their skill sets, the institute has given them a better opportunity to reach greater heights in their career," concludes Goswami.