Well done! This thread should certainly be pinned to clear the confusion and doubts of the public, especially employers, on the difference between the Aus/NZ Honours Degrees and the UK Honours Degrees.

I personally think that the AUS/NZ Honours is more value adding and caries more substance.

And yes, as Azarimy pointed out, more bragging rights as well

Afterall, the Honours year (at least in Monash) might be the toughest year of your life. ever.

This thread still hasn't been pinned? Holy crap!

Anyways, I've come to a crossroads in my tertiary education. I am faced with a big decision to choose one path out of three. A fork, if you may.

I will be graduating from my Bachelor of Business (Accounting and Finance) - its a double major - this June. To cut a long story short, I want a PR in Australia, and I would need to do one of the below:

1) Ditch post grad, and go out into the corporate rat race and come back to apply for the Aussie PR after I gained sufficient work experience outside OZ. (which will then reap me points for the qualification for PR app).

2) Accept my place in an Honours degree in an Australian university - Monash, Melbourne, Sydney, Queensland... whichever. [1 year]

3) Apply for a Masters in Applied Finance or something similar. [1 year or 1.5 years]

After speaking with several colleagues and peers, I find that half of the people I spoke to tell me that a Masters would hold more value than a mere honours degree, which is still an undergraduate level qualification. And I must admit, a Masters sounds more prestigious and it is a post grad qualification after all.

The advocates of an honours degree emphasizes on the point that employers will be looking for a graduate that can say that they have published a research paper/thesis and would be more inclined in hiring me than other bachelor/masters freshies who haven't had any experience with research.

I know it will have a lot to do with what I want to be doing. I'm still rather undecided, but I'll most probably be entering the banking/finance sector - financial institutions, financial intermediaries, the stock exchange, the ratings agencies, the reserve bank/federal bank, regulatory bodies in the financial markets or IB.

Please advice

Uhm... I'm doing Accounting and Finance =/

Well, that's not entirely true. If you want to be a financial analyst, an investment/securities analyst, a venture capital analyst, IB analyst, Equities analyst, consultant, or junior analyst kinda jobs, a research paper will seriously give you a big advantage over someone who doesn't have a research background.

And to get into the "juicier" parts of IB and financial intermediaries, people often go through the analyst hurdle first... that's my perception of the finance sector at least.

Thanks for the reply though! Appreciated. Keep the comments coming please ;D

Nobody got any comments?

This post has been edited by Grimm: May 12 2010, 03:59 PM

Come on guys, I need more input

Mate, credit risk models didn't come up from Mr. Altman's head by setting up his own investment portfolio and reading the market. Please don't flatter yourself that you know more about this than me. There is no working visa available for me, so the only option is to work outside OZ.