Overview of the Finance Sector in Mauritius for job seekers. A career guidance tool aiming at combating youth unemployment. The guide highlight options and prospects in the field and support young job seekers in their journey to a self sustainable future.

1. Ekleraz initiative
GID – ANPLWA – FINANCE
YOUTH SCEAL
MAY 2017

2. ABOUT YOUTH SCEAL
Founded in 2013, Youth S.C.E.A.L is a youth led organisation with the overarching aim to be a platform of
information and services fostering self-sustaining communities through capacity building of its inhabitants
(specially the youth) and promotion of education and entrepreneurship.
EKLERAZ PROJECT DESCRIPTION
This project is segmented into 3 main components called GAP :-
G – Gid, for career guidance and advice pertaining to career choices/availability based on economic outlook
(and TEC recommendations) and existing facilities (mainly financial) supporting access to higher studies.
A – Anplwa, profiling of unemployed people (specially the unemployed youth) and link them to openings in
various companies or organization of job fairs (with prospective job that fit the set of skills identified during
the profiling of each unemployed individual) to facilitate access to employment.
P – Paspor, focusing here on employability of young Mauritians. Fundamentals of CV writing and grooming
for interviews. Beyond development of essential skills to be more employable, young people will be trained to
job hunt.
PROJECT OBJECTIVES
Overall objective
• Economic empowerment of Mauritian youth through education and employment.
Specific objective
• Be a platform of information supporting Mauritian youth to pursue higher studies
and getting employed.
• Boost employability of unemployed individuals living in vulnerable regions and
facilitate access to employment.
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3. MAIN SECTORS OF INDUSTRY
(MAURITIUS – WORLD BANK 2016)
Breakdown of
Economic Activity
By Sector
Agriculture Industry Services (Is by far
the largest provider
of employment)
Employment By
Sector (in % of Total
Employment)
8.0 29.8 63.5
Value Added (in % of
GDP)
3.5 21.7 74.8
Value Added (Annual
% Change)
-0.3 -0.7 4.3
http://www.mauritiustrade.mu/en/trading-with-mauritius/mauritius-economics-outline
Socio-Demographic
Indicators
2015 2016 2017 (e)
Unemployment
Rate (%)
7.9 7.5 7.2
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4. 4
HRDC - A Study on Labour Shortage in the
Financial Intermediation sector in Mauritius
Over the past decades, Mauritius has emerged as a unique investment destination
and as a great place to do business. The country enjoys a vibrant economy, stable
democracy and high living standards. Since independence in 1968, it has
ambitiously moved from a small agricultural economy to a dynamic secondary
sector (textile and tourism), to the services sector through global business activities
and lately Business Process Outsourcing.
In the 2012 ‘Ease of Doing Business’ publication of the World Bank, Mauritius is
ranked 23rd out of 183 economies and 1st among African countries. Mauritius has
an open economy, with very few restrictions on exports and imports. Trade policies
are geared towards securing the import requirements of the population as well as
promoting Mauritius as a business centre from where export and re-export
activities can fully take place.
Furthermore, Mauritius is a member of various important international
organisations as well as regional blocks and of greater importance; the island is
one of the first African countries to be eligible under the African Growth and
Opportunity Act. A new business can be set-up and operational in just three days.
Investors and professionals benefit from a hassle-free environment where income
and corporate tax are harmonised at a low 15 percent. Businesses can be
conducted locally in several forms: under a self-employed activity, as a partnership
with Mauritian nationals or a 100 percent foreign owned company under the
Companies Act.

5. 5
Table 1: Employment in the Financial
Intermediation sector

6. 6
Estimated number of employees in the Financial
Intermediation Sector from 2012 to 2015
An estimation of the number of
employees that the Financial
Intermediation sector would be
employing by the year 2015 was
made using the past trend in the
number of employment in the
sector. The indicators used were
number of employees in the sector
since the year 2000 to 2011, the
percentage GDP contribution to the
economy and the GDP contribution
at current basic prices.
The projection made showed that
the number of employment in the
Financial Intermediation sector is
expected to gradually increase from
the year 2012 to the year 2015.
Employment in the sector is
expected to be around 17,500 in
2015 as shown in the table.

7. REGULATORS OF THE
FINANCIAL SECTOR IN
MAURITIUS
“If I see darkness in the area of finances I bring
light there.”
― Sunday Adelaja

8. 8
Regulators of the Financial Sector
Financial Services Commision, https://www.fscmauritius.org/en
The Financial Services Commission, Mauritius (the 'FSC') is the integrated
regulator for the non-bank financial services sector and global business.
Established in 2001, the FSC is mandated under the Financial Services Act
2007 and has as enabling legislations the Securities Act 2005, the Insurance
Act 2005 and the Private Pension Schemes Act 2012 to license, regulate,
monitor and supervise the conduct of business activities in these sectors.
Bank of Mauritius – https://www.bom.mu/
The Bank of Mauritius was conceived along the line of the well-known Radcliffe
Report as “a separate organisation with a life of its own, capable of generating
advice, views and proposals that are something more than a mere
implementation of its superior's instructions.”

9. BANKING AND NON
BANKING INSTITUTIONS
IN MAURITIUS
“Never depend on a single income. Make
Investments to create a second source.” -
Warren Buffet

10. 10
Banking and non banking sector
Banking Sector - The Mauritian banking industry comprises of 22 banks, of
which 5 local banks, 10 foreign-owned subsidiaries, 1 is a joint venture, 4 are
branches of foreign banks and 2 are licensed as private banks. All the banks are
licensed by the Bank of Mauritius to carry out banking business locally and
internationally. (http://www.mba.mu/banking_industry.php )
Licensed Banks in Mauritius - https://www.bom.mu/financial-
stability/supervision/licensees/list-of-licencees
Non bank financial services sector – Licensed under the FSC -
https://publicregister.fscmauritius.org/PublicRegister/MASTActionServlet?do=Vi
ewList&act=search&id=ViewListPRALL.xml
Management companies in Mauritius -
https://publicregister.fscmauritius.org/PublicRegister/MASTActionServlet?do=Vi
ewList&act=search&id=ViewListPRALL.xml
Professional services – member of Mauritius Institute of Professional
Accountants - http://mipa.mu/register-of-
members/?ut=MF&pageNum_rsuser_accountsMF=0&totalRows_rsuser_accounts
MF=176

11. FINANCE COURSES
“Business is still more often about whom you
know, not what you know.”
― Alejandro Cremades

12. Courses accredited by Tertiarty Education
Commission in Mauritius
Administration and Management
 http://www.tec.mu/courses_programmes?cat=Management
 http://www.tec.mu/courses_programmes?cat=Administration
Banking
http://www.tec.mu/courses_programmes?cat=Banking
Finance
http://www.tec.mu/courses_programmes?cat=Finance
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13. PROFESSIONAL
QUALIFICATIONS FOR
SHAPENING YOUR
FINANCE SKILLS
“Finance is the art of passing currency from hand
to hand until it finally disappears”
― Robert Sarnoff

14. Professional qualifications in the Finance sector
 Association of Chartered
Certified Accountants (ACCA)
 Accredited Financial Analyst
 Certified Financial Planner
 Certified Investment Professional
 Certified Treasury Professional
 Chartered Alternative
Investment Analyst
 Chartered certified accountant
 Chartered Institute of
Management Accountants
(CIMA)
 Chartered Institute for
Securities and Investment (CISI)
 Certificate in Quantitative
Finance
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 Certificate in Quantitative
Finance
 Certified International
Investment Analyst
 Chartered Financial Analyst
 Corporate Finance
Foundations
 Fellow Chartered Financial
Practitioner
 Master Financial Planner
 Master Financial Controller
 Registered Financial Planner
 Certificate in Quantitative
Finance
 Chartered Development
Finance Analyst

15. Career Development
Stairway
“A budget tells us what we can't afford, but it
doesn't keep us from buying it.”
― William Feather

16. Career Development Stairway
The Career Development Stairway (CaDS) gives an industry wide, objective framework
for the many and varied jobs in the sector. It is an information provision tool that can
assist in career planning.
Finance sector - http://cads.hrdc.mu/index.php/en/pages-2/finance
The Career Development Stairway gives an industry wide, objective framework for the
many and varied jobs for the financial sector. It is an information provision tool that
can assist in planning career in selected sectors.
The career development stairway is currently being developed for the financial services
sector for the following sub-sectors:
• Accounting, Auditing and Taxation
• Banking Services including Offshore
• Leasing
• Fund Management/Investment Companies
• Insurance and Pension Funds
• Money Changers & Foreign Exchange Dealers
• Stockbroking
• Global Business Management
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17. FINDING FINANCE
JOBS IN MAURITIUS
“Making a product is just an activity, making a
profit on a product is the achievement.”
― Amit Kalantri

18. JOB OPPORTUNITIES
MYJOB – FIRST JOB PORTAL IN MAURITIUS
• http://myjob.mu/
CAREERHUB -
• hhttps://www.careerhub.mu/
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You are also highly encouraged to apply on the website of the company and
check regularly if there is any job openings advertised.

19. GOVERNMENT PROGRAMMES
GRADUATE TRAINING FOR EMPLOYMENT SCHEME (GTES)
• http://gtes.hrdc.mu/
NATIONAL SKILLS DEVELOPMENT PROGRAM (NSDP)
• http://nsdp.hrdc.mu/
YOUTH EMPOWERMENT PROGRAMME (YEP)
• http://www.yep.mu/
SERVICE TO MAURITIUS (STM)
• http://mof.govmu.org/English/Pages/Internship-under-the-Service-to-Mauritius-
Programme-(STM).aspx
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20. GEEK UP YOUR CV
GREAT PLATFORMS TO FIND GREAT IT CVS OR TO
DESIGN SOME

21. PLATFORMS FOR CV
AN OPINITATED GUIDE TO WRITING DEVELOPER RESUME IN 2017
• https://medium.freecodecamp.com/how-to-write-a-good-resume-in-2017-
b8ea9dfdd3b9#.2a4m7oew6
CANVA
• https://www.canva.com/
CVMAKER
• https://cvmkr.com/
KICKRESUME
• https://www.kickresume.com/
VISUALCV
• https://www.visualcv.com/
ENHANCV
• https://enhancv.com/
INBOUND MAURITIUS CV TEMPLATES
• https://inboundmauritius.wordpress.com/2016/01/29/5-tips-for-your-
resume-free-easy-templates/
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22. HOT FIELDS
“Pleasure in the job puts perfection in the work”
― ARISTOTLE

23. HOT FIELDS
Financial Analyst
COMPETENCIES :
• ACCA intermediate level/BSC Finance
• At least four years of experience dealing with all lines of Profit and Loss Account
and Balance Sheet
• Awareness and understanding of accounting principles and legislation
• Advance Microsoft excel
CREDIT ANALYST
COMPETENCIES AND QUALITIES REQUIRED:
• University degree in Banking / Economics / Accounting / Finance / Risk
Management or any other professional qualifications.
• At least 2 years’ experience within a similar position.
• Sound knowledge of leasing practices, procedures and products.
• Detail oriented with strong analytical and technical skills.
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24. HOT FIELDS
Administrator – Operational Compliance
Education: Degree level qualification or equivalent, ideally in business, finance
or law
Experience: One to three years’ relevant work experience, ideally in a regulated
environment for a professional or financial services business.
QUALITIES:
• Have a knowledge of customer due diligence, anti-money laundering
legislations
• Demonstrate an understanding of global business including companies,
trusts, funds, foundations, partnerships etc.
• Good knowledge of the current and new regulations.
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25. FINANCE EVENTS
“The first rule in making money is not to lose
it.”
― Steven J. Lee

26. EVENTS
• Mauritius- South Africa Business Forum, 8-12 May 2017.
• 5eme Rencontre Réunion/Maurice sur le Développement
durable et financement de projets, 13- 14 April 2017,
Réunion Island.
• African Economic Platform, 20th to 22nd March 2017
• MIPIM 2017- The World’s Leading Property Market – from
14th to 17th March 2017
• African Business & Social Responsibility Forum, 20-21
February 2017, Le Labourdonnais Hotel, Mauritius.
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27. REFERENCES
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HUMAN RESOURCE DEVELOPMENT COUNCIL (HRDC)-
http://www.hrdc.mu/index.php/component/search/?searchword=financial%20secto
r&searchphrase=all&Itemid=107
CAREER DEVELOPMENT STAIRWAY (CaDS) - http://cads.hrdc.mu/index.php/en/
BANK OF MAURITIUS (BoM)- https://www.bom.mu/
FINANCIAL SERVICES COMMISSION (FSC) - https://www.fscmauritius.org/en
MAURITIUS BANKERS ASSOCIATION (MBA)- http://www.mba.mu/
BOARD OF INVESTMENT (BOI) - http://www.investmauritius.com/investment-
opportunities/financial-services.aspx

28. EMAIL: youthsceal@gmail.com / Website: www.youthsceal.wordpress.com / Facebook: Youth S.C.E.A.L
EMPOWERING YOUNG MAURITIANS
TO HARNESS THEIR POTENTIAL.
DOCUMENTS CONTRIBUTOR
• MICHAEL RABOT
• SEAN FOURMACOU
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