New Delhi: Effectiveness of the Indian way of training in financial research outsourcing has won appreciations of bankers abroad as foreign bankers are now looking to establish training programs for their own employees in association with Indian financial research outsourcing companies, reported Mint.

Companies like Copal Partners, a firm specializing in offshore research and analysis for banks and hedge funds have been spending a lot of money for many years to train Indian graduates to make them perfect in market research and related strategies and to enable them to reach American bankers. Such companies are now getting invitation from bankers abroad to train their employees in various aspects of market research and analysis.

Copal has been training new hires in three international banks in New York, London, Singapore and Hong Gong. The training is mainly about how to value a company when it goes public or how to adjust an earnings report to get clean numbers.

According to a report on Entrepreneurship by Vivek Madhava, Indian companies have had to compensate for the country's weak education system in order to compete globally, and in the process, have developed innovative ways to recruit, train, develop and retain employees. The market for Indian companies to train their foreign clients in content beyond the specific business process they might handle is still in its infancy.

Moreover, Evalueserve, another outsourcing firm, which handles market research and offshore patent services, has started selling the 'e-learning', or computer-based training programs it developed for internal use. Shobhana Muralidharan, chief technology officer, Evalueserve said, "After clients started asking if they could use the training programs themselves, Evalueserve launched a group four months ago to cater to them". "It started off as a very innocent exercise to train our employees and give them access to information, but, at the end of the road, we're seeing there is a continued demand and a market share for this," she added.
In addition, large companies like Infosys have also started selling its training programs which they have prepared for their internal purposes. It has launched an e-learning practice earlier this year, with plans to use the thousand hours of content it already has in-house.