01-02-2004, 11:09 PM
Farhan, thanks for taking time and adding value comments to my query. Much appreciated!
You said quite rightly that here in the UK, reputed business schools require 5+ years of good work experience for their MBA programmes. And it is also the case here for part-time MBA programmes, which apparently, more professionals take rather than the traditional full-time MBA. Consequently, I appreciate your knowledge and insight into the matter.
However, I am still not convinced with the argument that the 'Entry Level Graduate Positions' in Pakistani Investment Banks require one to have done additional qualifications on top of traditional Bachelors. I am afraid, this is certainly not the case here in the UK and I am also quite sure about the USA as well. Here, they only ask for a good bachelors result consolidated with excellent working qualities / skills. And having said this, the remuneration packages are also one of the best in the sector. In some instances, the starting salary for a Investment Analyst working for top-tier investment bank could be more than a qualified chartered / management accountants and even more than a qualified actuary. No Gimmicks, but the matter of fact!
I think this is because here the western employers regard skills and potential much heavily than the qualifications themselves. Having said this, I do not restrict myself that you do not need qualifications what so ever, but my argument is you need to take qualifications when there is a need for them, rather than take qualifications at the start of your career and then depend on those old theories for the rest of your 30-40 years of career.
The above certainly make sense as well. We all know how the accountancy professions and like wise, investment profession, has changed over the last 10-20 years, so there is always need for an update knowledge.
Please comment.
AHSAN
You said quite rightly that here in the UK, reputed business schools require 5+ years of good work experience for their MBA programmes. And it is also the case here for part-time MBA programmes, which apparently, more professionals take rather than the traditional full-time MBA. Consequently, I appreciate your knowledge and insight into the matter.
However, I am still not convinced with the argument that the 'Entry Level Graduate Positions' in Pakistani Investment Banks require one to have done additional qualifications on top of traditional Bachelors. I am afraid, this is certainly not the case here in the UK and I am also quite sure about the USA as well. Here, they only ask for a good bachelors result consolidated with excellent working qualities / skills. And having said this, the remuneration packages are also one of the best in the sector. In some instances, the starting salary for a Investment Analyst working for top-tier investment bank could be more than a qualified chartered / management accountants and even more than a qualified actuary. No Gimmicks, but the matter of fact!
I think this is because here the western employers regard skills and potential much heavily than the qualifications themselves. Having said this, I do not restrict myself that you do not need qualifications what so ever, but my argument is you need to take qualifications when there is a need for them, rather than take qualifications at the start of your career and then depend on those old theories for the rest of your 30-40 years of career.
The above certainly make sense as well. We all know how the accountancy professions and like wise, investment profession, has changed over the last 10-20 years, so there is always need for an update knowledge.
Please comment.
AHSAN
