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> Financial Engineering, Does it have future in Malaysia?

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tishaban
post Nov 14 2020, 12:11 PM

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Not directly related but I did this as a masters degree many years ago, but not in Malaysia and with a computer science background. As a degree you'll probably need to focus a lot on the programming and math side before the financial engineering bit makes sense in my opinion.

For those who already have some interest/knowledge in financial engineering you can do something hands on for example with QuantConnect and actually make some decent pocket money if your'e good enough. I used to follow Quantopian but sadly they were acquired and closed down recently

Maria Takagi
post Nov 14 2020, 12:27 PM

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Computer language, you need to keep update your cert qualification after degree. If you no practice and update, the knowledge will go obsolete.

I don't know if MMU use chim chim language to attraction for the course sign up. Check out the subjects and electives offered and compare with ordinary accountancy degree and also ACCA. get a friend or relative who is familary with account industry and ask what each subject offered is about.

Since TS has not disclose the list of subjects offered, I don't really know what this degree is about. All I know is, IT and programmers hardly work closely with finance people. Unless...Unless...they are into ERP like Oracle or SAP or other obscure ERPs like Microsoft Dynamics. Even then, do you need to know C++ ?? SAP is run by ABAP

In today's world, esp in Msia, financial modelling is very much generated by excel spread sheets. Unless you're into Data management, but that's wholly unrelated to accounting, perhaps big telcos like Maxis or Bank Negara require data modelling for population or prospective client wants. SAP tries to come up with their own budgeting system, but I've seen theirs, doesn't even come close, a lot of limitations in my opinion. Same for Oracle's one.

Corporate Finance is very interesting subject. I am not very familiar with this, but from what I know, big GLCs and corporations in Msia need Corporate Finance dept to do their listing, financing in Bursa, etc. But its a very niche industry, not many job demands out there.

Equity research, this is very interesting. I once wanted to take up this course. But in Msia, we're facing a lot of competition from Artificial Intelligence. Remiesers are slowly getting outphased. People who want to get analysis reports no longer have to dial up respective remiesers and ask them for info, because they can ask question via the phone, and AI will reply. That's all I know lah, I am still not familiar in this industry.
SUSPohziliang96
post Nov 14 2020, 12:46 PM

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QUOTE(Maria Takagi @ Nov 14 2020, 12:27 PM)
Computer language, you need to keep update your cert qualification after degree. If you no practice and update, the knowledge will go obsolete.

I don't know if MMU use chim chim language to attraction for the course sign up. Check out the subjects and electives offered and compare with ordinary accountancy degree and also ACCA. get a friend or relative who is familary with account industry and ask what each subject offered is about.

Since TS has not disclose the list of subjects offered, I don't really know what this degree is about. All I know is, IT and programmers hardly work closely with finance people. Unless...Unless...they are into ERP like Oracle or SAP or other obscure ERPs like Microsoft Dynamics. Even then, do you need to know C++ ?? SAP is run by ABAP

In today's world, esp in Msia, financial modelling is very much generated by excel spread sheets. Unless you're into Data management, but that's wholly unrelated to accounting, perhaps big telcos like Maxis or Bank Negara require data modelling for population or prospective client wants. SAP tries to come up with their own budgeting system, but I've seen theirs, doesn't even come close, a lot of limitations in my opinion. Same for Oracle's one.

Corporate Finance is very interesting subject. I am not very familiar with this, but from what I know, big GLCs and corporations in Msia need Corporate Finance dept to do their listing, financing in Bursa, etc. But its a very niche industry, not many job demands out there.

Equity research, this is very interesting. I once wanted to take up this course. But in Msia, we're facing a lot of competition from Artificial Intelligence. Remiesers are slowly getting outphased. People who want to get analysis reports no longer have to dial up respective remiesers and ask them for info, because they can ask question via the phone, and AI will reply. That's all I know lah, I am still not familiar in this industry.
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Yup, sooner or later remisiers will be replaced by AI in customer service.
Thanks!
SUSPohziliang96
post Nov 22 2020, 06:02 AM

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Does ACCA or ICAEW help in equity research and analysis?

This post has been edited by Pohziliang96: Nov 22 2020, 08:30 PM
SUSPohziliang96
post Nov 22 2020, 08:31 PM

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Does ACCA or ICAEW help in equity research and analysis?
SUSPohziliang96
post Nov 22 2020, 10:20 PM

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QUOTE(coldbasecamp @ Nov 14 2020, 10:26 AM)
The course is more towards using data and process it with sophisticated approach to make an informed business decision.

Some of my friends who studied for this course ended up not applying much from the studies, however due to the "IT" background they can easily apply for BA (business analyst).
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May I know what do business analysts do?
How do they apply their IT knowledge in business management?
coldbasecamp
post Nov 22 2020, 11:03 PM

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QUOTE(Pohziliang96 @ Nov 22 2020, 10:20 PM)
May I know what do business analysts do?
How do they apply their IT knowledge in business management?
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In general, business analyst elicit system requirements from product owners, liaise with developers, manage the project, and ensure the system is developed according to the specifications.

Without IT knowledge, the learning curve can be high as you have to understand different IT jargons as you progress.
SUSPohziliang96
post Nov 23 2020, 10:12 AM

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QUOTE(coldbasecamp @ Nov 22 2020, 11:03 PM)
In general, business analyst elicit system requirements from product owners, liaise with developers, manage the project, and ensure the system is developed according to the specifications.

Without IT knowledge, the learning curve can be high as you have to understand different IT jargons as you progress.
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Thanks
Topace111
post Nov 23 2020, 03:22 PM

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QUOTE(Pohziliang96 @ Nov 22 2020, 06:02 AM)
Does ACCA or ICAEW help in equity research and analysis?
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Short answer no. Equity research (sell or buy side) requires you to do research by gathering data. Data includes financial results that is available publicly (this is where ACCA/ icaew) knowledge provides you some familiarity when you were tasked to gather the right information. Other information are non financial such as industry metrics, market data or customer survey. Each industry has its own niche.

CFA is more relevant as it covers more areas that is relevant to a portfolio manager that is more similar to equity research than an accountant.

Either way, even if you have ACCA/icaew or CFA for that matter, that does not give you an automatic ticket to get recruited to top funds houses as most require sufficient working experience as they have a very small team. More luck with small institutions. By the time you get it, you may find it too troublesome to match other opportunities.
SUSPohziliang96
post Nov 23 2020, 04:37 PM

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QUOTE(Topace111 @ Nov 23 2020, 03:22 PM)
Short answer no. Equity research (sell or buy side) requires you to do research by gathering data. Data includes financial results that is available publicly (this is where ACCA/ icaew) knowledge provides you some familiarity when you were tasked to gather the right information. Other information are non financial such as industry metrics, market data or customer survey. Each industry has its own niche.

CFA is more relevant as it covers more areas that is relevant to a portfolio manager that is more similar to equity research than an accountant.

Either way, even if you have ACCA/icaew or CFA for that matter, that does not give you an automatic ticket to get recruited to top funds houses as most require sufficient working experience as they have a very small team. More luck with small institutions. By the time you get it, you may find it too troublesome to match other opportunities.
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Thanks! I will contemplate before I make any decision.
SUSPohziliang96
post Nov 26 2020, 03:47 AM

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xylemxvessel
post Nov 26 2020, 02:33 PM

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I am ex-student of MMU who took financial engineering. Graduated for 5 years already but now working as research analyst. To be honest, if you are not a person who loves calculation and programming a lot, then don't waste your time and effort. Just go for normal finance courses. The difference between normal finance course and FE in MMU is just that FE has more calculation courses such as Calculus and IT course such as programming. But the C++ programming is just very basic. If you like C++ might as you take it outside and go depth in it.
SUSPohziliang96
post Nov 26 2020, 05:42 PM

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QUOTE(xylemxvessel @ Nov 26 2020, 02:33 PM)
I am ex-student of MMU who took financial engineering. Graduated for 5 years already but now working as research analyst. To be honest, if you are not a person who loves calculation and programming a lot, then don't waste your time and effort. Just go for normal finance courses. The difference between normal finance course and FE in MMU is just that FE has more calculation courses such as Calculus and IT course such as programming. But the C++ programming is just very basic. If you like C++ might as you take it outside and go depth in it.
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Does it give you an edge over other graduates? Because you can apply those things better than others. And how did you manage to get a job as an analyst? Mind to share some tips?

And what is it like studying in Cyberjaya? I heard that things are expensive there.
Are lecturers in MMU helpful?

This post has been edited by Pohziliang96: Nov 26 2020, 05:51 PM
wct
post Nov 26 2020, 05:46 PM

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QUOTE(Pohziliang96 @ Nov 26 2020, 05:42 PM)
Does it give you an edge over other graduates? Because you can apply those things better than others.

And what is it like studying in Cyberjaya? I heard that things are expensive there.
Are lecturers in MMU helpful?
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short answer : NO
SUSPohziliang96
post Nov 26 2020, 05:48 PM

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QUOTE(wct @ Nov 26 2020, 05:46 PM)
short answer : NO
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Okay. May I know what job are you doing now?
wct
post Nov 26 2020, 05:52 PM

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QUOTE(Pohziliang96 @ Nov 26 2020, 05:48 PM)
Okay. May I know what job are you doing now?
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doing business, not related to financial engineering.
BravoZeroTwo
post Nov 26 2020, 06:00 PM

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QUOTE(Pohziliang96 @ Nov 23 2020, 05:37 PM)
Thanks! I will contemplate before I make any decision.
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Where are you now ? Pre-U ?
SUSPohziliang96
post Nov 26 2020, 06:03 PM

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QUOTE(BravoZeroTwo @ Nov 26 2020, 06:00 PM)
Where are you now ? Pre-U ?
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Yes
BravoZeroTwo
post Nov 26 2020, 06:07 PM

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QUOTE(Pohziliang96 @ Nov 26 2020, 07:03 PM)
Yes
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STPM ?
wct
post Nov 26 2020, 06:10 PM

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better off get a basic finance course either in mmu or somewhere else and get 1st class honours if you're really into finance and proceed with the masters degree in FE if you really interested with this course in the future.

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