Chief executive Robert Ryan welcomed five new trainees on Monday for the start of induction week.

Mr Ryan said since IMB started its successful New Entrant Traineeship Program in 2005, it had recruited 74 trainees.

Of those, 97 per cent had successfully completed their 12-month traineeship program, 95 per cent took up permanent roles with IMB at the completion of their traineeship and 49 per cent continued to be employed by IMB in a variety of roles, including some in senior positions.

The new 2014 trainees include David Sawers, who joins the IT support desk in the Wollongong head office and is doing a Certificate III in Information, Digital Media and Technology.

Melanie Shepherd is an IMB Direct consultant who will be based at IMB Direct and is undertaking a Certificate III in Business.

Holly Heffernan, of Wollongong, will work in executive services at the head office and is doing a Certificate III in Business Administration.

Ms Heffernan completed the HSC at St Mary's Star of the Sea College last year and said landing a traineeship with one of the region's oldest and most respected businesses was fantastic.

"I did not want to stop learning when I left school, so to be able to learn and get a job at the same time is a great opportunity," she said.

Rebecca Dove and Sherwin Williams are also studying business and will work in branch relief in Sydney and the ACT.

This week, the trainees are meeting key people in the organisation, learning about IMB's history, its role in the financial services industry and being introduced to its products and services. Mr Ryan said it was a great feeling to be CEO of a business that continued to grow and provide opportunities to local people.

"They are so enthusiastic," Mr Ryan said of the trainees.

"They have so many questions and are just so keen to make the most of this opportunity."