Asked by Anonymous
Asked on 09 Jul 2019
Looking forward to hear some advice from the community. Thank you!
Just wondering are you more interested in applied science or future proofing your career? There's difference between the 2 when you make your decision.
If you were to further your studies, would you prefer to do it full time or part time? Some of my friends do part time with consideration that they want the income as they study. Others felt that they want to switch industry and have stopped work altogether to engage in their studies. But the reason for further studies isn't exactly future proofing, but rather for the love of their work and/or to get better paying jobs.
Future proofing your career isn't only about furthering your studies. Having an additional paper qualification doesn't mean that you'll be any less vulnerable to retrenchment. Because retrenchment doesn't select people, it selects industries.
To future proof your career, you need to have 2 rights and a must:
1) right mindset to adjust and adapt to salary vs work expectations in down times
2) right attitude towards work, performing your best and always learning new things (not referring to further studies here)
3) must have confidence in yourself that you are relevant in the workforce. Employers look at your confidence to do work when they hire you, not your school results or past work experience. Do not be afraid or discouraged when the door closes.
In order to future proof your career, you must enjoy your work.
I hope this advice inspires you and gives you some direction!
Do you mean masters in applied finance?
It depends on your objectives.. Do you plan to continue in banking? What areas of banking interests you the most?
If it's back office or compliance related, then perhaps not..
If it's middle office like risk management and treasury, then it's worth considering.
If it's front office, then having accreditation definitely helps.
I would also think age plays a part.. If I was in my 20s to maybe early 30s, I would consider MAF. If I'm in mid/late 30s, I think MBA might be better, because as you get older, you tend to move into managerial roles where resource management, strategic planning is a bigger required skillset
Master of Applied Science is an academic degree. Unless you intend to be an academic or data analytics researcher, else it does not value add to your banking career.
Suggest you to go ahead if:
1) Can juggle / manage between work and studies
2) Intention (likeliness) to switch career
3) Able to finance yourself through the course if it’s self-sponsored
Curious what motivates you to take up this masters course? Are you really interested and keen in this course or taking this up due to FOMO?
And why not other courses or one that future-proof your banking career e.g. data analytics, fintech etc?
Anyway it’s always good to learn new skills!
All the best.
I took masters in financial engineering and it was a very poor decision. Unable to find a similar paying job, not to mention the sunk costs and fees.
Speaking as a tech guy, future proofing - hell yes; masters in applied science - not so sure.
first principle thinking - if u want to stay in banking and future proof yourself against the future of the industry (what would eat it?), where would u go? Grab. Go join Grab. (or Ant, or something like that)
(or if you work for blackrock, GIC Real Estate, etc - come join us at 99.co)