Which is a better career option, an #MBA in finance or financial risk management?
I am not an admirer of the MBA Degree Program. So I think I should not be answering this question per se.

But, let me give it a try.
MBA is a professional qualification, unlike MA / MSc / MS / MPhil Degree programs.
How you will benefit from an MBA degree, is entirely up to your understanding of the challenges emerging in the workplace.
MBA Finance is neither a fish nor fowl qualification.
If you would like to learn financial theory, derivatives, risk and economics, you will be better off by doing a proper MS or MSc in Financial Economics or Applied Finance (Financial Engineering).
If you would like to work as an Auditor, Management Accountant, Cost Controller, Financial Accountant or even a basic Financial Analyst in the Capital Markets, you would be better served by some other competing professional qualifications, which are widely available in the market
MBA Finance might be helpful for those who would like to rubber-stamp their practical experiences on their resume!
Many senior managers, and even directors, end up with an #MBA degree because that is mandatory for promotion and progression.
If you think case studies are helpful? why not! go for it.

But….. remember ->
I would not advise you to do a UK / British MBA. An American or a Canadian MBA is much better because it is theoretically more rigorous!
A two-year degree enables you to take more courses in a given field of specialization.
British #MBAs usually end up within a one-year time frame.
Also, the amount of time wasted on writing a Mini Thesis/dissertation is a great waste of resources and energy.
Most #MBAs do not progress towards PhD level research, and hence, this academic requirement might not be very helpful, or productive for an aspiring manager.
In the UK, the University of London's lead college, the LBS MBA degree, stands out!
It's a broad and intellectually challenging program. Also, it is not a standard one-year degree, which implies you can take more electives in Finance.
MSc / MA / MS and other postgraduate degrees in FRM - Financial Risk Management are a recent addition to university portfolios.
Some of these degrees are very good and may help you find a risk modelling or assessment role at financial institutions. Others may move into consulting, training, policy-making or even decision-making at the highest level.
But the chances are that FIs will remain the largest employers of FRM Financial Risk Management Degree/Certificate/Diploma Awards.
The problem with a degree in #FRM is the problem with the perception!
The problem with a degree in #FRM is the problem with the perception!
That FRM Financial Risk Managers are best suited to serve banks, funds, insurance companies, brokerage houses, exchanges and hedge funds. This to me is a drawback. Most of us move in and out of industries as demand declines or improves elsewhere.
With a very specialized Risk Finance Degree, you might end up in the Back or Middle Office of a bank or a fund for a donkey number of years.
Front office roles are normally taken up by Sales, Business Development, Corporate Marketing aka Relationship Management Professionals.

Q.1. But if you like to work as a Risk Finance Specialist?

Ans: So you would be better off with a degree in MSc FRM, not an MBA!
Downside Risk: High concentration in a given sector of the economy like FI and overspecialization leading to a back office or MO controller position.
Thereby reducing job switching or rotation opportunities.
Q.2. An MBA in Finance?
Ans: Alright, if you would like to fulfil professional standards.
Also, some people like to interact and share their experiences with others in a classroom environment.
A World-class MBA program(which does not come cheap at some USA - #Ivy League Universities or #INSEAD in Paris or even at the
@LBS ) might help you to attain that level of personal satisfaction.
Downside Risk: Way too general and might not help you to specialize in Finance or Risk Management in the same way, Theoretically weak and exposes the candidate when they engage in higher-level argument, where academic rigour is required.
Also, the professional nature of education and the degree by itself, is not very helpful, i.e. if you would like to pursue a #PhD in #Finance or Risk later onwards!
Most universities would not entertain your academic application.
By the way, I am not a great fan of doing this Narcissist @Harvard Business School styled #MBA Program, where they make use of Case studies!
A complete waste of time in my opinion.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Risk Manager(ERM/Actuarial Sciences/Finance)

Risk Manager(ERM/Actuarial Sciences/Finance) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SAH16928046

Mar 29
MBAs and even DBAs find it very tough to publish in high impact factor journals.
Most of the management teaching done at business schools relies on the case study method.
The staff is not conversant with modern statistical and mathematical methods used for writing research papers
My advice to all management studies/ old business school style professors and adjunct faculty members is that they should do MOOCs.
At their age, they cannot enrol in a hard science degree program.
The most worrying thing that I have come across is that departments where full-time teaching staff cannot publish articles/ monographs in top peer-reviewed journals, start publication services of their own to accommodate failure.
In-house Discussion Papers Journal, etc
Read 9 tweets
Mar 28
When financial risk managers/statisticians, etc are computing CV Coefficient of Variation (a relative measure of dispersion/risk) of financial assets, they tend to make certain basic mistakes.
1. They don't compare the average returns between assets
2. They ignore the 0 or - sign
CV computation of asset classes included within the portfolio can be lead to serious statistical errors.
Because when the CV of Portfolio A is compared with that of B, the average returns are not the same, hence the comparison becomes meaningless.
In cases where the denominator of the CV (mean value of the return) is either zero or negative value, the ratio should not be used.
In such cases, the portfolio risk manager should use the standard deviation to compare #volatility estimates across asset classes.
Read 5 tweets
Mar 27
An Economics/Finance PhD is still probably one of the few degrees that provides you with an opportunity to start a career in either academia or elsewhere in the corporate sector, preferably Finance or the Govt Sectors.
But, always try to gain some practical experiences after BS
I don't like this concept of pushing students after undergrad level directly into a PhD program.
Especially, if the student has an opportunity to learn some practical skills in the real world.
Economics is that sort of profession, where many jump using the 3+1 research route.
I mean, what is the point of blindly doing a doctorate when you cannot operate basic IT Systems & Computing Packages that will help you work as an economist at banks, funds, etc
Attending colloquiums, seminars and conferences, co-authoring n publishing papers, etc won't help.
Read 7 tweets
Mar 26
A Russian defeat can be more disastrous than a Ukrainian surrender.
Russians have nuclear weapons and an egoistic president suffering from a #narcissistic personality disorder.
May God help us all!
Nuclear or Chemical Weapons exchange will destroy the global environment
There is literature available on how nuclear war can instigate a nuclear winter.
That means the #sunlight will not be able to permeate the agricultural ecosystem, most crops won't grow in darkness and cold weather and that will lead to global food production disruption and famine
Previously, Western Experts had studied the possibility of nuclear winter in the context of South Asia, where nuclear arch-rivals India and Pakistan have maintained unconventional weapon arsenals for a long time.
Never thought this geostrategic risk could emanate from Eurasia?
Read 6 tweets
Mar 26
Different professions require distinct applied skill sets
1. Working as a #quality systems controller in the dairy industry, a degree in total quality management will not suffice alone!
You need to have some awards in veterinary sciences & nutrition sciences or food science/tech
2. Working in the Insurance Industry with just a degree in Actuarial Sciences cannot help per se.
The Actuarial Risk Aspirants must develop an understanding of #Insurance Underwriting Methods, Insurance Business Models, Insurance Law & Accounting, in addition to Maths and Stats.
3. The same holds true for those who graduate with qualifications in Financial Engineering or FINTECH, etc.
Students must develop an understanding of financial products, laws, exchanges, etc
Blindly applying quantitative models to events or observable data won't take you anywhere
Read 18 tweets
Mar 25
Read below
Horrible to see the degeneration of #Malaysia, a once upon rising star among #NICs and Emerging Market Economies, which served as a justified model and example of equitable development and growth, now, sadly, falling under the list of nations that are rotten to the core.
This turmoil started after DR Mahathir left power.
Since Dr Abdullah Badawi took over the reins of political power, Malaysia, as a country, has remained in a state of pendency.
All good work done in the 80s down the gutter due to bickering among UMNO and corrupt Najib n Rosmah Co
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!