Orientation Day Master of Applied Finance
What is a Master of Applied Finance (MAF)? Corporate balance sheets and investments, according to Dr Les Coleman. A sexier version is found in Melbourne Universities’ GSBE New Student Information Guide; practical and career-orientated program at cutting edge of theory and practice.
The Dean Award* for best presentation of the day goes to Dr Martin Davies. What follows are my notes from his energetic, informative and for me, re-awakening presentation. Martin awoke the professional within. Though I’m yet to have my figurative coffee, he stirred me from my slumber. It’s time to re-engage the Dean of five years past. The five day count down has started.
Dr Davies is from the Teaching and Learning Unit (TLU), their focus is helping students succeed. I’m planning on making them work extra hard for their keep this year!
First he reminded us of the 40 min concentration limit and set the expectation of 10-12 private hours study per subject per week. Slightly upping the ante from the 120 hour time commitment per subject suggested by the handbook.
14 Guaranteed Tips for Success
When someone with two doctorates, shares guaranteed tips for success in academic life, I’m all ears.
- Treat it like a job.
- Active learning. Graded in participation. Note to self: A Types and extroverts get a free pass on participation, they probably need to practice their listening.
- Ask questions. Utilise consultation hours.
- Make use if TLU Helpsheets and booklets. I look forward to collecting some.
- TLU appointments for assignments are best at least a week before due date. Eight appointments per semester.
- Graduate Enrichment Program (GEP) Friday 12-2. Get a schedule.
- Express ideas in your own words. Check the How to Paraphrase help sheet.
- Base ideas on solid evidence.
- Move beyond the reading list. Treat list as the minimum not the target. Journals from Giblin Library in Econ and Finance Building.
- Lectures care about what you can argue with evidence not about what you believe.
- Plan you time. At this point I feel compelled to add that this was the orientation day for all Graduate School of Business and Economics. Students doing the MAF have at least two years professional experience and should already be masters of time planning.
- Summarise books in own words using cards. The cards are portable, provide practice at paraphrasing, enhance learning and replace the book as a quickly digestible reference.
- Aim to write 400 quality words per day. Make it a daily routine. This is over 500I’m counting it!
I know I missed some and repeated others, I’m counting on the TLU having a help sheet
A honorable mention goes to the careers advisor, Agnes Banyasz. Every situation is an opportunity to practice leaving an impression. Be strategic. Great advice, being strategic is rewarded much more than ability is the corporate world. Ability is a pre-requisite to success, but not a differentiating factor.
* The Dean Award is a prestigious award for outstanding input into my life and should not be confused with an academic Dean award. However, unlike an academic Dean, this award come with a cup of coffee.
Disclosure: You may have noticed the ad on the right tool bar. I was going to subscribe to Expiring Monthly, but instead exchanged advertising for a subscription. I’m happy to promote this new monthly publication for options traders as I respect Mark Wolfinger and enjoy reading VIX and More. $79 charter membership appears to be a bargain. ($99 after Feb 28) Most options newsletters cost 5 to 20 times that and I’m expecting this journal to be as good and hopefully better.
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Hi Dean
Good luck in the course.
You will do it on your ear!
Hope you still have time to feed us more of your insights, out here in the investment ether.
Regards
West Wind
Thanks a lot West Wind.
I’m aiming to take my understanding to deeper level and learn as much as I can.
I also hope my musing keep flowing and that their quality improves.
Thanks again.
Dean
Hi Dean, I did an MAF about 10 years ago. Unfortuntately it didn’t help my investing much. Or maybe it did but I am not aware how!
I did however manage to get an above 80% average. Strategic thinking for me was getting to know the 5 bright sparks in the class, socialising a bit, group think and discussion with identified bright sparks when the assignments came out, which is not cheating but benchmarking your thinking and making sure your assignment didn’t contain something very wrong. It also helped to figure out what the twist/twists were in the question. It’s surprising how you can realise how completely crap your spreadsheet is when compared to bright spark. Interestingly the guy in our class who was most open about his work did the best. But he was pretty smart.
The exams I found were just about doing the questions in the coursenotes and the recommended texts. I think I did all the questions in the investments book and Hull in the first 2 subjects.
I’m not sure if that’s how it still works. Good luck!
Hi Sean
How have you used your MAF? What are you doing now?
Hull is still the prescribed text for Derivative Securities. I’ve started reading it in preparation for my first real lecture on Monday.
I’ve been socialising a bit, but at 42 I’m the old guy. It appears my old career with SAP is close to the dream job for most of the Grad students I’ve talked to. I must tell them that they’ll never realise that dream if they keep calling it one word, i.e. sap, instead of S A P (three letters). Most of them don’t even know what I mean when I say S A P and finally reply oh you mean sap.
I did meet one older student whose old job is one of my dream jobs. She used to be the investment management for a very high net worth Melbourne family.
For now I got my sights set on a buy side analysts position or something like that. Ideally I’ll get a position to leverage both my business experience and investing and finance skills.
Thanks for the well wishes.
Dean
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