Is CFA better than PhD in Finance?
How can you compare a doctoral research program with a professional qualification awarded by a professional body?
CFA is an entry pass/ticket.
People with no background in Finance, Accounting and Economics, are asked to do a CFA to prove and improve their skill sets across the Capital Markets, Investment Banking, Financial Brokerage and Asset Management Sectors.
My friend who is a PhD is running a CFA / Financial Training Institute.
All those who pass out after level III, refer to the PhD as “SIR”.
Got my point?
So no comparison!
Doing a well-rounded PhD program from a top-notch university is the best academic and research training you can get in a given field/ area.
I was listening to a witty politician on the TV!
I guess that's more than enough to detest economics as a subject when you find that some sinister fellow uses statistics to fool the masses.
Also, #Macroeconomic Indicators are the most fungible indicators that can be manipulated.
Gosh, people are writing so much on the forms of economic recovery that we might see in the foreseeable future!
Will productivity lead to employment gains?
That is one question not being asked.
Many people have become jobless due to the pandemic and its negative outcomes.
Because, once a white-collar person loses his job, then it becomes so difficult to regain a foothold in the labour market.
Blue-collar workers and zero contract hour workers are in a different leg of the job market.
Is it permissible to take a conventional style loan to finance/fund a #Shariah Compliant Commercial Project?
A loan is not permissible in the traditional banking operational jargon or sense!
The Credit application should have an underlying asset trade funding request inbuilt and/or an explicit tangible commercial intent stating the same, embedded in the actual financing/investment contract.
Any transaction which provides money without a trading justification will not work.
In Islamic Finance, debt-refinancing and NPA - Non-performing Asset rollovers are not allowed.
How good is the #Oxford Masters (MSc.) in Law and Finance program?
Pairing Finance with the law or Legal studies is not a bad combination.
But, you need to develop a road map for your career.
Whether you would like to start off as a #paralegal or as a financial / management accounting or a compliance analyst in the financial services sector of the economy in the long run?!
Because such degrees make you neither fish nor foul.
This is strictly my opinion and you may disagree.
Oxford Universities Degree/s, are second to none.
As a GRC / #ERM Professional one should always follow the golden rule, that is ->
"If it hurts, it works!"
If our actions and impressions are not keeping the front and back offices at the edge of their toes, then we aren't fulfilling our job description responsibilities.
Simple!
You have to annoy people to get things done at Financial Businesses!
Cannot be too sweet all the time.
Risk Managers should adopt a more stern and stiff disposition.
Have an awfully cosy relationship with the traders and RMs might not be helpful.
If a treasury dealer or capital market trader is violating his stated desk exposure or any other risk limits aka haircuts, assigned to him by the Middle Office, the former should not be allowed to engage in financial activity any further.
Just unplug the PC/ Trading screen.
The failure of Risk Management is manifold.
Only a day earlier I was in conversation with a treasury market dealer, who runs a fixed income, bond derivatives and call /clean rates desk at a leading global bank.
I was surprised to note that he didn't factor risk into decisions!
Upon my inquiring, he told me that he made placements, without actually computing Risk Adj. Return for any of the fixed-rate drove asset classes or potential exposures.
His targeted profitability metric is the market yield aka IRR for bonds and bullet rates for MM Placements.
So, I insisted on asking further, as to what role was the risk department playing at the bank, and why nobody taught him how to compute and understand RAROC family?
Why treasury front office didn't comply with the risk budgets, etc?
What is the role of treasury management in the banking sector?
Note: (this thread only includes discussion on investment in T-Bills and other Long - term Fixed Income securities such as the Government Securities and other Bonds; additionally, the squaring of all book positions, in regard to Money Market and FX Asset class/es) & AL- Gap Mgmt
I have excluded investments in hybrids, convertibles, capital market products, share underwriting, and derivatives hedging /trading and the other complimentary Investment Banking Activities, which might also be included in the treasury job description at some retail banks