When?
The course will take place from August 11th to 17th, 2024. Application period starts on 12 July 2024 and ends on 22 July 2024.
Where?
The course will be conducted in Bali, Indonesia. However, there will be several sessions available for online participation via Zoom.
Why?
The course aims to address low levels of financial literacy, increase financial inclusion of youth, and to help youth to achieve their dreams!
How?
Y-Bank will use an experiential learning pedagogy to explore the monetary systems, financial services providers, the role of the regulator, and how financial tools can be used to resolve development challenges to achieve Sustainable Development Goals. This learning by doing financial education program allows students to learn by active exploration of the existing financial markets, products and services, and their collective gaps. Experiential learning has historically been used to teach complex skills sets to professionals such as surgeons, pilots, and also been recently used with law students. However, few financial education and capacity building programs have utilized experiential learning, despite its demonstrable benefits in achieving skills mastery and knowledge retention, as compared to other pedagogies.
How much does it cost?
The course is free and there will be no charge for the students.
What do I need to do to participate?
You should apply online. The shortlisted candidates will be interviewed and 40 students will be selected for Y-Bank 2024. However, candidates who are not selected to attend in person in Bali will have the opportunity to participate in several sessions through Zoom.
What are the qualifications?
There is no prerequisite in terms of studies, though you will need to be a final year university student or a graduate within two years of graduation, ages between 20 and 26. You should be conversant in English which you probably are if you are reading this text in English. Those who demonstrate interest and a passion for the subject matter will be accepted into the program.
Can I participate in the coursework full-time?
Yes. However, the students are required to attend every lecture. So, if you can manage your job and the course work as well, then we encourage you to apply.
Can I join the course if I am outside Bali?
Yes, you can join the course even if you are outside Bali. Applicants from Sabang to Merauke are eligible to participate in the program. Transportation costs from the applicant's hometown and accommodation during their stay in Bali will be covered by ADB, with a reimbursement system after the event. Additionally, there will be several sessions available for participation online via Zoom.
Who are the teachers/faciliators?
Y-Bank teachers/facilitators come with teaching experience and backgrounds in various fields including finance, economics, education, computer science, developmental psychology or other related social sciences. The teachers/facilitators have minimum of one year of experience teaching in challenging remote areas in Indonesia. They have also been trained on the Y-Bank curriculum and the experiential learning pedagogy. In addition, there will be domestic and international financial industry experts with deep knowledge and experiences participating as guest lecturers.
Will there be exams and grades?
No. The program is designed to demonstrate the benefits of experiential financial education. Though there will be no exams or grades, other innovative methods will be used to assess the progress of learning among the students and to provide regular feedback.
Will I be awarded a certificate?
Yes. Students who successfully complete the course by attending all lectures, completing assignments and the placement period will be awarded a certificate of completion.