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IFS Center for Educational Excellence

Industry Statistics 139,400 approximate total number of jobs 66% more concentrated IFS jobs in CT than in the U.S. U.S. Rank #2 in highest concentration of total jobs and highest paid wages IFS sector jobs account for 17% of total Gross State Product U.S. Rank #4 in number of investment jobs Rank #1 in underwriters and financial managers in U.S. Local, state, regional and global reach

Industry Statistics Over 80% of job postings for Sales Managers/Account Managers, Underwriters, Financial and Business Analysts and Accountants list verbal and written communications skills as a vital prerequisite. 100% of the Connecticut job postings for Sales/Account managers in the Insurance sector require a degree in business/finance or accounting or a NASD designation. Of the four key occupations in Connecticut's Financial Services Sector, Business Analysts are currently highest in demand. SkillPROOF Research commissioned by the IFS Center (March 2009)

Industry Statistics Department Of Economic & Community Development Capital Workforce Partners Number of Job Openings for Actuaries in Connecticut from 50 selected nationwide employers in the Insurance, Financial Services and Banking Industry Jun Aug-Oct-Dec-Feb Apr

Industry Statistics Hard Skill Requirements as Percentage of Job Openings for Actuaries in Connecticut from 50 selected nationwide employers in the Insurance, Financial Services and Banking Industry 11% 11% 78% Analytical Business Analysis Underwriting

Industry Statistics Soft Skill Requirements as Number of Job Openings for Actuaries in Connecticut from 50 selected nationwide employers in the Insurance, Financial Services and Banking Industry

Why Was IFS Center Conceived? Global competition Complex products & services Changing workforce/retirements, etc. High demand for key strategic talent High cost for acquiring and developing new talent

Why Did Connecticut Receive US DOL Grant? High-growth occupations Core economic driver Established foundation Mature infrastructure Fresh talent pool

IFS Center Model Partnership: State, Industry & Academia Designed “by the industry for the industry” Broad range of training programs and services On-demand services Communication to all stakeholders

Point of Difference: “Connecticut’s Competitive Advantage” IFS Model Approach Program Design Committee SkillPROOF HR Survey Senior HR Task Force

Measurement Trained 716 incumbent workers Established first AS degree in Insurance and Financial Services Created a manual for national replication Provided training for more than 100 dislocated workers 46 IFS companies have participated to date

Capital Community College IFS Cluster Department Of Economic & Community Development The Workplace, Inc. IFS Center IFS Center Partnerships

Why This Makes Sense for Employers On-demand training Customized Cost-effective

Employer Testimonial Training by the industry for the industry Creating a pipeline of talent Diane Bengston, Travelers

Why This Makes Sense for Employees Industry is changing Real-world training No-cost options

Employee Testimonial A commitment to learning new skills Classes have increased knowledge and soft skills Doug Wilson, Webster Bank