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Transition Process

Transition Process for Mid-stream JAIBP Candidates 

Mid-stream JAIBP candidates are those candidates who enrolled and appeared for the JAIBP exams prior to July 2011. Mid-stream candidates are requested to review these pages thoroughly to understand how the changes made to the JAIBP structure will impact them.

The table below illustrates the structural changes that have been made in the JAIBP:

Old Structure

 

New Structure

Stage 1

 

Stage 1

Business Communication for Financial Services

 

Business Communication for Financial Services

Laws Relating to Financial Services

 

Introduction to Financial Systems and Banking Regulations

Accounting for Financial Services

 

Information Technology in Financial Services

Macro Economics and Financial System of Pakistan

 

Branch Banking

Stage 2

 

Stage 2

Information Technology in Financial Services

 

Accounting for Financial Services

Lending Operations and Risk Management

 

Lending: Products, Operations and Risk Management

Human Resource Management – Basic Practices

 

Human Resource Management and Organizational Behavior

Marketing of Financial Services

 

Economics

Stage 3

 

Stage 3

Monetary Economics

 

Marketing of Financial Services

International Trade Finance & Forex Operations

 

Finance of International Trade & related Treasury Operations

Management Accounting for Financial Services

 

Management Accounting for Financial Services

 

 

Same as before in terms of sequence

 

Expansion in contents

 

Changed the sequence of appearance

 

New or changed course

These structural changes are described below:

Stage shifts:

  • “Accounting for Financial Services” has been moved from Stage 1 to Stage 2
  • “Information Technology in Financial Services” has been moved from Stage 2 to Stage 1
  • “Marketing of Financial Services” has been moved from Stage 2 to Stage 3

Course merger / restructuring:

  • “Macro Economics and Financial Systems of Pakistan” has been broken into two components:
    • The first component, namely “Macro Economics” has been merged with “Monetary Economics” and the resultant course has been named “Economics”
    • The second component, namely “Financial System of Pakistan” has been merged with “Laws Relating to Financial Services” and the resultant course has been named “Introduction to Financial Systems & Banking Regulations.”
  • This means that the Economics syllabus will now cover both macro and monetary economics, whereas Laws relating to Financial Services and Financial system of Pakistan will be covered in the subject namely, “Introduction to Financial Systems & Banking Regulations.”
  • We have also introduced a new course “Branch Banking” since it is a crucial pillar of the banking sector and requires a dedicated subject for its peculiarities to be addressed in detail.

 

To understand how the above-mentioned changes will impact mid-stream candidates of the JAIBP program, kindly review the section below:  

  

Impact of structural changes on mid-stream candidates

The structural changes made to the JAIBP will impact mid-stream candidates in several ways. Thus, it was imperative for the Institute to create a ‘bridge’ to help mid-stream candidates who are in the process of completing their course requirements to convert to the new structure of the JAIBP.

There are 6 major impacts of the structural changes that mid-stream candidates need to consider. 

1. Course Equivalence:

The table below details how equivalences for 8 courses (with none or only minor changes) in the existing structure will be handled:

Straight Equivalence

Subjects based on Old JAIBP Syllabus

Corresponding Equivalent Subjects In The New JAIBP Syllabus

Subjects with no structural changes:

If the mid-stream candidate has passed:

s/he will be exempted from:

1. Business Communication for Financial Services 1. Business Communication for Financial Services
2. Accounting for Financial Services 2. Accounting for Financial Services
3. Information Technology in Financial Services 3. Information Technology in Financial Services
4. Marketing of Financial Services 4. Marketing of Financial Services
5. Management Accounting for Financial Services 5. Management Accounting for Financial Services

Subjects with minor course enhancements:

If the mid-stream candidate has passed:

s/he will be exempted from:

6. Lending Operations and Risk Management 6. Lending: Products, Operations and Risk Management
7. Human Resource Management – Basic Practices 7. Human Resource Management and Organizational  Behavior
8. International Trade Finance & FOREX Operations 8. Finance of International Trade & related Treasury Operations

If the mid-stream candidate is yet to pass any of the above subjects, now they will have to pass the equivalent subjects as per the new structure

Equivalence for Restructured/Merged Courses

For the remaining 3 courses in the JAIBP, namely “Laws Relating to Financial Services,” “Macro Economics and Financial System of Pakistan” and “Monetary Economics,” major structural changes have been made. All possible scenarios for mid-stream candidates have been captured in the 6 cases given below.

Case 1:

In the old JAIBP structure, if the mid-stream candidate has NOT passed both “Laws Relating to Financial Services” and “Macro Economics and Financial System of Pakistan,” s/he will have to appear in “Introduction to Financial Systems & Banking Regulations.”

Case 2:

In the old JAIBP structure, if the mid-stream candidate has passed both “Laws Relating to Financial Services” and “Macro Economics and Financial System of Pakistan,” s/he will be given an exemption in “Introduction to Financial Systems & Banking Regulations” in the new structure.

Case 3:

In the old JAIBP structure, if the mid-stream candidate has only passed “Laws Relating to Financial Services,” or has only passed “Macro Economics and Financial System of Pakistan,” s/he will have to appear in “Introduction to Financial Systems & Banking Regulations” as per the new ISQ structure.

Case 4:

In the old JAIBP structure, if the mid-stream candidate has only passed “Macro Economics and Financial System of Pakistan” and has not passed “Monetary Economics,” s/he will have to appear in “Economics” as per the new ISQ structure.

Case 5:

In the old JAIBP structure, if the mid-stream candidate has passed both “Macro Economics and Financial System of Pakistan” and “Monetary Economics,” s/he will be given an exemption in “Economics” in the new structure.

Case 6:

In the old JAIBP structure, if the mid-stream candidate has passed “Laws Relating to Financial Services,” “Macro Economics and Financial System of Pakistan” and “Monetary Economics,” s/he will be given an exemption in “Introduction to Financial Systems & Banking Regulations” and “Economics” in the new structure.

 

NOTE: All mid-stream candidates who have more than 4 courses remaining to complete their JAIBP will have to pass an additional course of “Branch Banking”.

 

2. Stage Completion

Three courses have been moved to align the ISQ courses better with the requirements in the careers of Pakistani bankers. Details are given in the table below:

Course Name

Stage shift

Accounting for Financial Services

Moved down from Stage 1 to Stage 2

Information Technology in Financial Services

Moved up from Stage 2 to Stage 1

Marketing of Financial Services

Moved down from Stage 2 to Stage 3

Details of how different scenarios will be handled are given below:

  • A stage completed by a candidate as per the earlier course structure will remain complete after these changes take effect. However, such mid-stream candidates will be required to fulfill the stage completion requirements as per the new course structure and pass the remaining courses in the next two attempts (i.e. in Winter 2011 and Summer 2012).
  • Mid-stream candidates who have started a stage but not yet completed it will now have to fulfill the requirements of stage completion as per the new course structure.

 

3. Stage commencement eligibility

All mid-stream candidates will have to comply with the requirements to start the next stage as per the new course structure. Specific cases for each stage are given below:

  • To start Stage 2, mid-stream candidates will have to pass at least two courses of Stage 1 as per the new structure and appear for the remaining courses in Stage 1 in the same session
  • To start Stage 3, candidates will have to pass all courses of Stage 1 and at least two courses of Stage 2 as per the new course structure and appear for the remaining courses in Stage 2 in the same session.

 

4. ISQ Completion for Mid-stream Candidates who have 4 or Less Courses Remaining

All mid-stream candidates who have 4 or less courses remaining for completion of their JAIBP will not have to appear for the additional ‘Branch Banking’ course to complete their JAIBP, provided that they pass the remaining subjects by Summer 2012. However, such candidates can opt to take the “Branch Banking” course if they so wish.

 

5. Additional Time Period and Chances Allowed for Mid-stream Candidates

i. Mid-stream candidates who have to take the additional Branch Banking Course

All mid-stream candidates with 5 or more courses remaining as on 1st July, 2011 will have to take the additional Branch Banking Course under the new structure and will be allowed 12 chances or a time period of 6 years to fulfill their course requirements for the ISQ program

ii. Mid-stream candidates who DO NOT take the additional Branch Banking Course

All mid-stream candidates who complete the ISQ program according to the old structure and have 4 or less courses remaining as on 1st July, 2011 will be allowed 10 chances or a time period of 5 years to fulfill their course requirements for the ISQ program.

 

6. Award of Associate Chartered Banker title by UK’s Chartered Banker Institute

All mid-stream candidates who wish to acquire the Associate Chartered Banker title by UK’s Chartered Banker Institute will be required to appear and pass a Comprehensive Test after completing their JAIBP, and paying an annual subscription fee to the Chartered Banker.

For test schedule and details regarding Comprehensive Test please click here.

 

For further details, click here


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