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+1geo wrote:
WRONG… Only when the marginal utility exceeds the marginal cost. This becomes less likely as wealth increases. Many rich folks foolishly sacrifice health and family for money they can never possibly enjoy in their lifetime. Irrational, yes, but common.I_am_the_Highway wrote:
WRONG…money has a decreasing marginal utility. More is always better.rahul roy wrote:
Why are people so obsessed with obtaining as much money as they can?(Given the fact that money has decreasing utility after a point)
I am working in the industry but not in US or UK’s. And I would not be surprised if employers in those countries don’t give a shit about it either.kaveh_nobari wrote:
Spanish was merely an example. As a person in the industry language skills in AM, ER and particularly M&A beats the CFA designation any day of the week. You clearly are not working in the industry….
Let’s talk M&A:Finkid wrote:
I am working in the industry but not in US or UK’s. And I would not be surprised if employers in those countries don’t give a shit about it either.kaveh_nobari wrote:
Spanish was merely an example. As a person in the industry language skills in AM, ER and particularly M&A beats the CFA designation any day of the week. You clearly are not working in the industry….
I admit I am new to the industry but what I have seen is employers only care if you know English. And whether you can make money or not.
Q1) Why are you going/have gone after 10 degrees/designations/ if they are not valued in UK?kaveh_nobari wrote:
In the UK…….They simply don’t value someone who has so many certificates.
I have passed the FRM exams and am currenly in the pursuit of the CFA and CMT designations, and wish to go after the ERP, PRM and CAIA designations upon completion of the CFA and CMT examination……I currently possess a BA and an MA, and will be starting my MSc in September and my Ph.D next year.
Q3) Why are not you learning Russian, German, French etc. which are OF VERY HIGH VALUE (in your own words) rather than wasting your time and money on these worthless designations?kaveh_nobari wrote:
Let’s talk M&A:
Language skills: especially Russian, German, French in addition to of course English are OF VERY HIGH VALUE
AM and ER:
Language Skills: Highly desired (not as much as M&A though)
WRONG…cost arguments are already accounted for when talking about decreasing marginal utility, just as with the diminishing marginal productivity of capital:geo wrote:WRONG… Only when the marginal utility exceeds the marginal cost. This becomes less likely as wealth increases. Many rich folks foolishly sacrifice health and family for money they can never possibly enjoy in their lifetime. Irrational, yes, but common.
I think you are exaggerating a bit. Although I am not in M&A I know some college buddies who are involved in large real estate acquisitions in EE and they say English is the name of the game. Here in Austria many banks are highly engaged in the EE markets, but usually if they need someone who speeks Russian they just hire some poor sod from SPGU to translate - much cheaper than finding or training local people. French maybe - those ignorant p**** refuse to learn any other language.kaveh_nobari wrote:
Language skills: especially Russian, German, French in addition to of course English are OF VERY HIGH VALUE
I agree that I may have exaggerated a little bit. But this is one of NUMEROUS examples:I_am_the_Highway wrote:
I think you are exaggerating a bit. Although I am not in M&A I know some college buddies who are involved in large real estate acquisitions in EE and they say English is the name of the game. Here in Austria many banks are highly engaged in the EE markets, but usually if they need someone who speeks Russian they just hire some poor sod from SPGU to translate - much cheaper than finding or training local people. French maybe - those ignorant p**** refuse to learn any other language.kaveh_nobari wrote:
Language skills: especially Russian, German, French in addition to of course English are OF VERY HIGH VALUE
I am fluent in 4 languages as well (three of those highly regarded according to you) and can make conversation in 3 others, but that has never helped me in my work. It was noted in job interviews, but was more along the lines “nice for you”.