You are no longer secure after investing your or your parent's money in education
Because of these new trends of hiring and firing people under zero-hour contracts, agile working spaces setup during the #pandemic, working from remote location, and #AI/ML #robots replacing humans
And, if you are an Overseas Student, please don't get lured by the work permit, professional practise programs that offer industrial placement, and other visa extension nonsense, as we see in different jurisdictions.
There is no guarantee that you will find decent paid work
Already, a friend of mine, who is working as a registrar of programs at a Middle East-based university, is receiving tons of CVs a day, from respected university lecturers, and researchers from top western institutions.
I guess PhD Scholars are pre-empting sacking orders.
For e.g. in the UK they double charge the foreign students for the same degree which they offer to their local counterparts.
With Covid Delta Variant on the rise worldwide, I doubt if International students would pay double the amount to try their luck in the City or elsewhere.
Seriously, office space is itself going through a prolonged LEAN Period in terms of demand.
Nobody wants to hire a fancy new office and fill it up with staff, anywhere, because of #Covid.
That will be most hard-hitting in economic terms for cities such as Dubai, which rely on FDI
my advice to experienced professionals is that if you have money in your bank a/c & a sound job at the moment, you should completely postpone your plans to invest in further learning and development.
There is massive uncertainty everywhere! The King Asset Class in crisis is cash
Better for you to attend free of cost #MOOCs.
This is the best way to learn and upgrade your skill sets.
Why leave work for another two to three years, when we know that desk jobs might NOT be available in the foreseeable future, due to employer anxiety, and dismal job recovery.

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More from @SAH16928046

3 Aug
Interviewed a fully qualified #actuary from the @SOActuaries professional body, who really impressed me!
It goes on to show that not all mathematically inspiring and charismatic blokes are dull at understanding the subtle qualitative aspects of business #risk and transactions.
Actually, I do offer my services as a recruiter aka professional headhunter and knowledge capital developer, in addition to teaching Talent Management at staff colleges across financial institutions
I often get twirled when I have to choose between Financial Engineers & Actuaries
Mostly, for Front Office Risk Management roles, Financial Engineers, Financial Mathematicians, and Quantitative Economics or Finance Risk, etc candidates get preference
For Middle Office and other Risk Sub-Silos Roles, Actuaries compete with other Quants coming from hard sciences
Read 14 tweets
1 Aug
As I am growing older, I have started enjoying reading and appreciating certain aspects of the pessimistic philosophy of #Schopenhauer.
One has to read at least these philosophers to develop a broader understanding of society, logic and methods of enquiry->
1. Hume
2. Descartes
3. Hegel
4. Marx
5. Schopenhauer
6. Kant
7. Wittgenstein
8. Berkeley
9. Isaiah Berlin
10. AJ Ayer
11. Anthony Kenny
12. Nietzsche
Of course, the list above is expandable.
I cannot write the names of all philosophers, logicians, and methodologists in one tweet.
Yes, Anthony Quinton, P.F. Strawson, Quinne, David Donaldson and Amartya Sen (Philosophy of Economics) can be added to the suggested reading list.
Read 14 tweets
1 Aug
I have visited Singapore many times! this country is really a role model for all nations of the world, irrespective of size.
The size issue has been used by economists and development specialists to malign some of the most outstanding achievements of PAP Led by Lee Kuan Yew, who in my opinion was a true king philosopher.
Singapore is both small and efficient! But, its small size should not be used to downgrade its phenomenal growth in economic and anthropological terms!!
Read 4 tweets
1 Aug
Carry-over-trades-#COT and #rollover of hedged positions using derivatives or bank loans provided to borrowers are two terms often regularly confused with one another in practical life.
Students of Financial Engineering, and Treasury, in particular, should know the difference.
Actually, once you come out of the university/ business school, you come to realize that the market professionals, and financial dealers or traders, have their own technical parlances and lexicon.
What you learn in the book is not how it is done in the real world!
When I used to teach students or train experienced bankers and fund managers, I saw that they both have the same kind of mental blockades.
Both, struggle to relate theory to reality?
I am not an educational psychologist, perhaps, they can better answer this question.
Read 22 tweets
30 Jul
I am doing my master's thesis on alternative option pricing models with applications to risk management (e.g. #VaR measures, hedging).
I have a good background in finance and econometrics.
What kind of new and valuable insight could I bring to this topic?
@GARP_Risk @PRMIA
VaR - Value at Risk is not an Option Pricing model!
BSOP Greeks enable the Options trader to understand and hedge against Market Risk in various forms.
You cannot really use VaR to price options on its own.
A RAROC / RARORAC / RORAC/ ROVAR Type Model might do the trick, but that is beyond the scope of your question and this discussion,
Read 18 tweets

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