Mastercard has introduced a set of new apprenticeships aimed at providing its employees with opportunities to acquire new skills, enhance career development prospects, and foster diversity within its organisation.
The leading global FinTech company that is committed to driving innovation in payment solutions and financial services, has launched the new initiative in collaboration with tech start-up Multiverse, according to FinTech Finance News.
The newly launched apprenticeships are designed to offer advanced, part-time training to Mastercard employees. These courses aim to enhance their data-related skills, equipping them to effectively work with data, whether it involves data analysis or using data for making informed decisions.
The solution also plays a pivotal role in promoting diversity within Mastercard. Notably, the first cohort of apprenticeships has seen remarkable diversity, with nearly two-thirds of participants being women. This achievement challenges the industry’s tradition of being male-dominated, especially in tech and data roles.
Kelly Devine, Division President, UK and Ireland at Mastercard, said: “Digital and data analytics skills are so important for our business, whether we’re using AI to detect fraud, designing the next generation of payments, or using data to solve problems. People often have preconceptions of apprenticeships, but half of our apprentices are experienced professionals, which shows how important it is to offer training and new skills at any age or life stage.”
Marybeth Altwig, Product Management Specialist at Mastercard said, “I’ve had a really positive experience on the data programme and the skills and knowledge gained have enabled me to progress my career at Mastercard. I was able to move into a new role in product management where I use my new skills on a daily basis. I’ve also become more productive and efficient and have been able to focus on my development.”
Josh Berle, Account Management Director at Mastercard, said, “The apprenticeship is giving me the opportunity to learn something new and gain really useful skills that I use every day. It’s making my job more interesting as I can use data tools more effectively and gain useful insights.
“Having time to devote to professional learning has enabled me to focus on myself in a way that I know will help me throughout my career. It’s about taking some time to invest in yourself in order to be able to develop more effectively for yourself, your company and your customers.”
Peppa Wise, Vice President, Go to Market at Multiverse, added: “Getting access to the best jobs of the future will depend on having the right skills, and we know that people want to access the training that will unlock those skills.
“What Mastercard is doing, through apprenticeships, is breaking down the barriers for its people to access that world-class training. Apprentices will learn in-demand skills, fully funded and while they work. And they’ll continually apply their learning, driving results for Mastercard in the process.”
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