Should you pair #Finance with #Economics or #Accounting?
If you want to work in a general finance department, Accounting and Finance combination is beneficial, you can presumably learn a bit of financial auditing in this way.
@LSEfinance
If you want to work in Financial Markets, then Economics and Finance blend well.
But do note: that Economics is more mathematical.
Students who are weak at Maths, generally opt for Accounting or some other subject.
But having said that, if you don't like Maths at all, it might even be more difficult for you to do Quantitative Finance Modules at a higher level. So your aptitude and interests in Mathematics shall determine the outcome.
But there is no straight answer to this question. Finally, your long-term career interests shall determine the outcome based on such a decision.
Normally, Financial Sector Employees should have a reasonable command over all three subjects.
All three are important.

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More from @SAH16928046

Jul 12
I remember starting my career as a junior derivatives dealer.
The first stupid question I asked was why currency dealers use par-curve yield curve rates to compute FX Swap points?
No "#boostrapping"?
The Chief Dealer/ Head of FX Linear and Cross Currency Rates was not pleased.
Actually asking stupid questions early on in our career helps.
Provided you have a tolerable boss who can entertain stupidity.
But, if you ask questions which threaten your reporting line, then you are cooked!
Done.
Find your next job asap.
My CRO - Chief Risk Officer, was a banker who didn't know maths and statistics.
The man was a nightmare proposition for the academically tuned young graduates
Poor chap begged me to not bring my work to him because he could not check it.
Read 6 tweets
Jun 30
KEY Risk Questions for CROs =>
1. Is the next Risk in a given transaction expected to be a Normal or a Non –
Normal Event?
2. What am I expected to Lose on an average in a transaction on any Normal trading day?
3. How much am I Actually going to Lose on any Non – Normal trading day ?

4. How much am I willing to Lose on any given (Normal or Non-Normal) trading
day?
Read 13 tweets
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.
Hence, an intellectual deficit cannot be blamed for either bad or lack of economic policies
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
Read 5 tweets
Jun 26
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.
Read 23 tweets
Jun 22
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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