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Fi­nan­cial knowl­edge is im­por­tant

- Business · Finance · Entrepreneurship · Investing · Bernard L. Madoff · Standard Chartered Group · Malaysia · UCSI University

US­ING money to make money is a pop­u­lar col­lo­qui­al­ism in the in­vest­ment cir­cle. How­ever, though many are fa­mil­iar with the term, there are just as many or more who have lost bil­lions through in­vest­ments.

The Bernie Mad­off Ponzi scheme is a no­to­ri­ous ex­am­ple of in­vest­ment gone wrong – thou­sands of clients have lost an es­ti­mated US$50bil (RM150­bil) in in­vest­ment.

In an­other part of the world, ac­cord­ing to a study by Stan­dard Char­tered and Scorpio Part­ner­ship in 2012, af­flu­ent Malaysians are gen­er­ally “am­bi­tious and ag­gres­sive in grow­ing their wealth” through in­vest­ment and use of credit.

This pos­i­tive fi­nan­cial out­look is gen­er­ally well-sup­ported within Malaysia. The fi­nan­cial sec­tor is tar­geted to raise the coun­try’s Gross Na­tional In­come (GNI) by a stag­ger­ing RM121.5bil by 2020.

It is clear from the RM121.5bil tar­get that the in­vest­ment and fi­nance sec­tor is a jug­ger­naut in terms of mon­e­tary po­ten­tial.

Yet, from the Bernie Mad­off in­ci­dent, it is just as clear that it is more im­por­tant than ever for fi­nan­cial con­sul­tants to en­sure that the in­vest­ment scheme they in­vest your money in, isn’t well, a scam.

High risk and high re­turns

To dif­fer­en­ti­ate a sound fi­nan­cial scheme from a sin­is­ter one, pro­fes­sional knowl­edge is cru­cial.

Hav­ing con­ducted in-depth anal­y­sis of the cur­rent needs of the fi­nan­cial mar­ket, hav­ing spo­ken to numer­ous lead­ers of the in­dus­try and stud­ied the de­gree of­fer­ings in the mar­ket, UCSI Univer­sity sees a lack­ing of de­grees with a com­bi­na­tion of both fi­nance and in­vest­ment.

“We can ex­pect a large flow of money from the RM121.5bil ex­pected from the fi­nan­cial sec­tor by 2020, but we do not have enough pro­fes­sion­als with the knowl­edge and ex­per­tise to man­age th­ese funds,” ex­plains UCSI’s Fac­ulty of Busi­ness and In­for­ma­tion Sci­ence dean Dr Toh Kian Kok.

“The time is now, to train a new gen­er­a­tion of fi­nan­cial pro­fes­sion­als to bring the in­dus­try to greater heights.”

UCSI re­cently launched the BSc (Hons) Fi­nance and In­vest­ment de­gree. This pro­gramme aims to pro­duce grad­u­ates equipped with rel­e­vant and holis­tic knowl­edge of fi­nance and in­vest­ment.

As a univer­sity that is renowned for de­sign­ing pro­grammes which meet in­dus­try needs while main­tain­ing high aca­demic stan­dards, UCSI has en­sured that its BSc (Hons) Fi­nance and In­vest­ment de­gree pre­pares stu­dents to meet the re­quire­ments of the var­i­ous as­pects of in­vest­ment.

“We ex­pose our stu­dents to ev­ery­thing re­lated to in­vest­ment. We also of­fer them in­sight into per­sonal fi­nan­cial man­age­ment,” said De­part­ment of Ac­count­ing and Fi­nance head Lim Fang Ching ( pic).

The Fac­ulty of Busi­ness and In­for­ma­tion Sci­ence also reg­u­larly in­vites the Se­cu­ri­ties In­dus­tries Devel­op­ment Cor­po­ra­tion (SIDC) to the cam­pus to con­duct train­ing ses­sions.

Ad­di­tion­ally, the univer­sity’s Co-Op pro­gramme, which helps stu­dents gain in­tern­ship place­ment in re­spected fi­nan­cial in­sti­tu­tions for the com­pul­sory two months of each aca­demic year, is an­other way in which stu­dents can gain prac­ti­cal ex­pe­ri­ence.

In­ci­den­tally, the fi­nance and in­vest­ment pro­fes­sion is in de­mand both in Malaysia and glob­ally. With a fore­sight that has made it one of the re­spected lead­ers in the field of pri­vate ter­tiary ed­u­ca­tion, UCSI sees the ca­reer po­ten­tial the fi­nan­cial sec­tor has for the new gen­er­a­tion.

Thus, in ad­di­tion to the BSc (Hons) Fi­nance and In­vest­ment, it has de­signed a range of pro­grammes which com­bine fi­nance with tra­di­tional in-de­mand de­gree of­fer­ings.

It is the only pri­vate univer­sity in Malaysia to of­fer the BSc (Hons) Ac­tu­ar­ial Sci­ence and Fi­nance and the BBA (Hons) Is­lamic Bank­ing and Fi­nance, in ad­di­tion to the BA (Hons) Ac­count­ing and Fi­nance.

To find out more, visit the Fac­ulty of Busi­ness and In­for­ma­tion Sci­ence from Mon­day to Satur­day (9am to 5pm). Al­ter­na­tively, call 03-9101 8882, e-mail to www.uc­si­u­ni­ver­sity.edu.my/on­li­neen­quiry or visit http://www.uc­si­u­ni­ver­sity.edu.my/fobis/

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