What is better for working in the banking and financial services industry, a Master’s in #Economics or #Finance?
@CFAinstitute @LSEEcon @LBS
A very broad question!

How would you define Finance Roles across FI and Non -Fi Settings?
Finance work is required both within and outside the financial services industry. I can share my collective understanding of roles(that might require Economics or Finance related skillsets) based on my experiences, that I have collected on my CV.
So, after working for a donkey no of years across the banking and mutual fund investment management professions, I can say that neither Finance nor Economics is very helpful these days.
Let's note down some Banking and Finance Specialist Roles that might be of potential interest to you, as given below =>

•Accounting and Auditing? or
•Internal Controls Testing? or
•Financial / Enterprise Risk Management? or
•Investment Management?
•Treasury Markets or
• Capital Markets and Investment Banking? or
•M&A Consulting? or
•Leasing? or
•Microfinance? or
•Islamic Finance? or
•Insurance Risk Management? or
•Derivatives (Structuring, Pricing, Hedging, Modeling and Trading) Market?
If it is a financial reporting and auditing related role, neither a Masters in Finance nor a Master’s degree in Economics will be helpful!

Both back office professions require an advanced understanding of Accounting Standards and Auditing Methods.
Professional qualification would help you instead of getting a master’s degree in either archetypical economics or finance educational programs.
If it is equity research and financial statement analysis, or financial services (product) development or Investment Management, or an Intra-day Market Trading role, you might be better off with a Master’s degree in Finance.
But, again they're no cast-steel guarantees.
If it is a highly quantitative research role within the asset management or Investment Banking Industry, which requires To be Sophisticated Econometric modelling, Data Analysis, Report Writing, Quantitative Investment Portfolio Management, Risk to Reward Ratio Optimization,
and the other dashboard risk analytical work/s than you are better off with a Master’s in Economics (provided you are doing a highly numerate degree)
However, these roles are now being challenged by other hard science grads, esp, drawn from the DS/ ML/Predictive Analytics Domains
However, honestly, if you ask me, either of the two degrees is outdated and do not generate much demand per se!

As they are far too many economists and finance experts rolling up and down in the financial markets.
Look elsewhere perhaps???!

A degree in Data Science, AI, Analytics, and Machine Learning or even training in Financial Engineering, Actuarial Risk or #FINTECH would do you a lot more good, instead of landing up with a basic qualification in either Economics or Finance.

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More from @SAH16928046

Jun 29
Wealth Creation and Redistribution are the most surveyed topics in both Development & Growth Economics.
However, what is usually missing in the literature is the intermediary phase, which is #wealth portfolio mgmt. Using a #SWF Sovereign Wealth Fund Transmission Mechanism.
Three of the best SWFs which I have seen operate in the market are the ones owned by the Govts of the UAE, Norway and Singapore.
They are facilitating wealth creation, transmission, store of value, allocation and re-allocation, portfolio re-balancing, risk-reward optimization,Etc
Sovereign Wealth Fund has primarily the following objectives
1. Intergenerational incomes transfer
2. Building an Economic Buffer to surmount systemic risk shocks
3. Amassing FX reserves
4. Diversifying FCAs to reduce risks
5. Accumulating Wealth via strategic investing
6.Etc
Read 5 tweets
Jun 28
Three High-Risk Currencies
1. Srilanka Rupee
2. Lebanese Pound-£
3. Turkish Lira
All three countries facing more or less the same kind of macroeconomic structural problems, asset-liability foreign currency book mismatches, market-clearing bad rut, and wage and price rigidities
The surprising thing about Turkey, Lebanon and Srilanka is that all three nations have a high rate of literacy compared to other nations in their regions.
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Srilanka 90% above literacy rate
The Lebanese Pound, which was at one time around 1500 to an American Dollar, is now trading somewhere around approx 30,000.
The salaries in #Lebanon are still priced using the pre-crisis LBP-$ parity.
People are selling cars to pay utility bills, and cutting cedar trees for wood
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What is driving the FS Industry to invest more in #GRC &/or ERM Technology?
@irmglobal @IRMIowl @ERMAcademy
Let me try to answer this question in a generalized manner. So, its applicability extends beyond banks, risk insurance and asset management firms.
I think ERM Systems and/or the GRC Systems have now become more regulation oriented across different legal compliance jurisdictions.
Kindly, do note that the ERM/ GRC Models being used are not always the same. Different Industries identify, measure and apply risk controls in an entirely different manner from one another.
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Planning to do an #MBA without having any work experience.
Don't do it!
It's a sheer waste of money, time and energy.
In any case, you don't need to learn to invest $70,000+ in case studies, symposiums and business seminars.
If you have that much money, better opt for a specialized qualification which leads to skill development, or why not start your own venture using rational common sense?
By the way, have you ever asked your business studies professor if he or she has ever worked for a day in any organization on a full-time basis?
Most of these top-notch business studies/management science scholars have little to no practical experiences to share.
Read 6 tweets
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Also, #ILS Insurance-Linked Securities and ART Alternative Risk Transfer Products are other asset classes which need a new set of risk management skillsets, which includes both actuarial maths and an enhanced understanding of NAT CAT Events with combined effects.
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Jun 13
What we can learn from Singapore @MAS_sg during its early period from a systemic risk management perspective->
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A case study.
I wish countries, which are today struggling to mobilize hard reserve currency, should make the example of Singapore under Dr Goh a part of their compulsory reading curriculum.
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#SriLankaCrisis #Pakistan
Yes, Encashable Precious Metals, Commodities and other Fossil Fuel Reserves/Inventory, such as oil/gas, should be added to the FX Reserves.
I believe Forex Reserves Reporting Methodology needs some fine-tuning by @BIS_org
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