Just analyzing some postgraduate degrees offered by the universities across #Newzealand.
The fees are way above the global market rate, and, it appears, they overcharge students for extending their stay, which is akin to obtaining a legit work permit.
Education is big business!
Secondly, what is the guarantee that an international student will get a like-minded job, at a place of his choosing?
A work permit does not translate into a fantastic professional career!!
A basic three-year work permit, might not be enough to earn well after investing so much
I always say to my students, who would like to go overseas, that the grass appears greener on the other side.
Your imagination and perception might force you to acquire the wrong beliefs about foreign education.
A degree is a piece of paper! that's all.
What matters is your luck
Think an umpteen number of times before you invest your hard-earned dollars!
That is all I implore.
Most of the kids from third world nations end up getting a paper from any university, only to regret later that the degree didn't change their fortune!

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More from @SAH16928046

8 Jun
How does a middle office risk management job differ from a risk management job on the trading floor?
@garp @PRMIA @actuarynews @SOActuaries @irmglobal
TMO - Treasury Middle Office roles differ from bank to bank.
In other non-banking financial institutions, MO roles may vary according to portfolio size and responsibilities handed over to the risk management team.
MO is primarily responsible for overseeing trading (front office) activities and applying controls, and reporting violations thereof.
Read 18 tweets
7 Jun
How did getting a #PhD harmed your career?
This question was put to me on another forum.
I am sharing my answer for the benefit of this community.
Interesting to read such pessimistic accounts of life again and again! I think if the word goes out, most of the universities will be facing a shortage of students and hence that leads to a lockdown / shut down or a possible global academic research meltdown.
So let us not overdo this criticism!

I would like to answer this from a knowledge capital formation and a global development perspective, based on my interaction with PhD degree holders across various nations of the world.
Read 18 tweets
4 Jun
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!
Read 5 tweets
4 Jun
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.
Read 4 tweets
3 Jun
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.
Read 18 tweets
3 Jun
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.
Read 17 tweets

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