The National Workforce Development Agency’s Training and Development Unit partnered with investment fund manager, Prosperity Capital Management Ltd., for the launch of its National Internship Program earlier this year.
The Camana Bay-based firm manages about US$3.1 billion and joined the partnership to provide a young Caymanian the opportunity to work and gain hands-on experience with a dynamic fund manager.
Chaquira Hodgson, the first successful candidate of the program, began her internship in May. She received hands-on training and development and actively contributed to the creation of the finance group’s deliverables. In addition, she learned various practical aspects of day-to-day financial activities, gaining knowledge and experience of accounting as well as some specifics of the funds industry, Properity said in a statement.
“This program is a great opportunity for young Caymanians to gain very meaningful hands-on experience in the workplace. We have been very impressed with the outcome thus far and look forward to the continued success of the program,” said Prosperity administrator Tanya Chin Yee.
Ms. Hodgson, who is studying accounting at the University College of the Cayman Islands, said she decided to do an internship to build her career profile.
“I felt that this internship opportunity would benefit me when seeking employment as I would have both gained hands on experience, new skills and made valuable connections. I have enjoyed my experience so far,” she said. “The staff is very supportive and friendly, I feel like I have purpose because there is always something for me to participate in and learn.”
Dianne Conolly, manager of Training and Development at the NWDA with oversight for the internship program, said the public, private and academic partnership aims to strengthen and foster relationships between young, innovative talent and local businesses through the vehicle of internships. “These internships provide interns with a meaningful experience that enhances their employability and skills integrating knowledge and theory learned with practical application and skills development in a professional setting,” she said.
Tara Rivers, the minister with responsibility for employment, said she is extremely pleased that the first intern had been successfully placed through the National Internship Program.
“I would like to thank Prosperity Capital Management Ltd. for partnering with the NWDA by providing a placement for a promising young Caymanian through the National Internship Program. Gaining relevant practical experience to complement academic, vocational or technical study helps students to develop a greater appreciation and understanding of various career options.
“It is important that we expose our students to as many of these opportunities as possible so that they are better prepared to enter the workforce upon completion of their studies.”