SIM UOL ANF VS ENF?

[dusksoul]

SIM UOL Accounting and finance vs Economics and Finance


I have read and researched countless threads about two of this respective discipline and came to a conclusion that finance is definitely a must take but what still bothers me is the other major. banking and finance is no since both of this could easily replace it?

Economics are generally well known for their challenging maths obstacles which requires one to be highly attentive to details and have strong quantitative skills

Accounting are known for dealing with numbers, repetitive work, monotonous but only requires a minority need of math skills for modules (i may be wrong, please correct me if i am)

Eventually i am still puzzled of which to select as my upcoming degree major which would commence this year

i have also read up on CFA and FRM and understand that many simply blindly chase after this two paper qualification without knowing what it was even for.
According to advices from other threads, i know private degrees have minimal chance of entering investment banking unless i have good networking connections and come from a lvy league school so my end goal would be somewhere in the middle office section

However would the major that i will be doing affect my career decision?

Could anyone please enlighten and guide me on this?
both degrees are good but its really hard to make a final call

additional information if needed : "im bad with maths but willing to work hard"

thanks!

 

[tutonic]

In my opinion, the economics modules in uol are significantly tougher than the others. If you're willing to put in the time and effort, I believe enf will serve you better. Plus, you can always go through sqp if you suddenly feel like doing accounting.

But, enf is seriously more quantitative than anf. This was the main reason I picked anf over enf.

 

[dusksoul]

yes the quantitative nature of the econs modules are also the reason why i am reconsidering my options. But econs like what many as mentioned is rather versatile for career choices..

 

[dusksoul]

are there more advices? thanks !

 

[JudeBox]

Enf.
The only difficult part about Maths is practising. If you are willing to put in effort to keep practising, it's actually not that difficult (for y1 mods like maths 1, maths 2, stats 1, stats 2).

However, y2 & y3 mods are a different ball game. The tough part about y2 mods is that the jump between the level of difficulty (topics & exam paper) & amount of content between y1 & y2 is very big. That being said, practise is still the key here. The good thing about quantitative mods is you can keep practising (draw graph, differentiation, integration etc) and when you understand how the models (e.g., in micro/macro) work, you can use textbooks/google/youtube to further improve your understanding. Thats where you will be able to score in exams because thats what the examiners wants to see.

No matter how good your memory is, theres so much memorising can help you. Even if you can write out word for word from the subject guide during exam, its verryyy difficult to get 70. The examiners definitely knows the subject guide better than you and knows you are just regurgitating. (UNLESS you can memorise 1-2 textbook for each mod)

Actually, if you are willing to put in effort (like alot, like few months of constant mugging), EnF or AnF doesn't matter that much. At the end of the day, its the effort (&luck) that will help you achieve your FCH because the exams are both equally tough. But i would say, i have no regrets taking EnF because the mods are really interesting.

 

[dusksoul]

what about the students at accounting? it still appears that accounting and finance degree is way easier to obtain than economics and finance..

 

[JudeBox]

lol that's because most of the further mods in EnF has pre-requisite. if you put in the effort to constant mug, that won't be a problem.
If you think you can't put in the effort then do yourself a favour and go rmit. Honestly, in the eyes of many employees , Rmit or uol doesn't matter. All it matters is whether private or local uni. (I'm not bashing sim lol I'm in sim but thats just the harsh reality)

 

[dusksoul]

Enf.
The only difficult part about Maths is practising. If you are willing to put in effort to keep practising, it's actually not that difficult (for y1 mods like maths 1, maths 2, stats 1, stats 2).

However, y2 & y3 mods are a different ball game. The tough part about y2 mods is that the jump between the level of difficulty (topics & exam paper) & amount of content between y1 & y2 is very big. That being said, practise is still the key here. The good thing about quantitative mods is you can keep practising (draw graph, differentiation, integration etc) and when you understand how the models (e.g., in micro/macro) work, you can use textbooks/google/youtube to further improve your understanding. Thats where you will be able to score in exams because thats what the examiners wants to see.

No matter how good your memory is, theres so much memorising can help you. Even if you can write out word for word from the subject guide during exam, its verryyy difficult to get 70. The examiners definitely knows the subject guide better than you and knows you are just regurgitating. (UNLESS you can memorise 1-2 textbook for each mod)

Actually, if you are willing to put in effort (like alot, like few months of constant mugging), EnF or AnF doesn't matter that much. At the end of the day, its the effort (&luck) that will help you achieve your FCH because the exams are both equally tough. But i would say, i have no regrets taking EnF because the mods are really interesting.

thanks, so as long as i also practice the past year papers, i would be fine?
For the 70 mark, do you mean its hard to score over that if a person were to prioritise memorization of theory over the practice of graphs?

 

[JudeBox]

thanks, so as long as i also practice the past year papers, i would be fine?
For the 70 mark, do you mean its hard to score over that if a person were to prioritise memorization of theory over the practice of graphs?

More or less! This is where the luck comes in. Examiners will either repeat PYP questions (if they are feeling santa Claus) or just copy questions from textbook or subject guide. If you put in the effort to do all, that's where you will score.

For econs mods, there are really not much of theory to memorise. Just alot of models & graphs. The memorising is more towards finance mods like pbf,cf where more than 75% of the paper is theory question.
For mods such as eoe , qf, the emphasis is more on derivations like derive this model, prove that model etc. (so still need to memorise but understanding how it works will make things easier)

 

[dusksoul]

thanks for the detailed explanation. what about the career path? have you consider what you are going for after you complete your degree?

 

[dusksoul]

is there any accounting majors here?

 

[JudeBox]

thanks for the detailed explanation. what about the career path? have you consider what you are going for after you complete your degree?

Choose AnF because you like accounting or yoh want to do audit/accounting in the future. Do not choose AnF because its the easier way out.The fact is UOL is a bitch & there's no easier way out.
If you like econs,go for EnF. if you like accounting/audit go AnF. Employers don't really care what degree you are from (although acc/audit industry still favours acc students. But do go big4 website and take a look, they are also looking for non-accounting students. But don't blame me if you chose econs and didn't get a big4/audit job in the future hahah).
If you can get an interview, if you can land the job, all it matters is your job performance.

 

[dusksoul]

do one have to enter big 4 no matter if its ANF or ENF to be successful in the finance industry? or is it just those who decided on to stay on the accounting path?

 

[tutonic]

do one have to enter big 4 no matter if its ANF or ENF to be successful in the finance industry? or is it just those who decided on to stay on the accounting path?

big 4 =/= finance industry. You enter big 4 to sit comfortably in the audit world. People typically move on to other things after 3-5 years in big 4, but it's mostly in the accounting kind of role, or junior mgmt. Finance world is a whole different ballgame, iirc. I could be wrong though.

 

[intime]

are there more advices? thanks !

I think either one is fine.
You can always take up SQP foundation after EnF, if you decide to go the accounting route.
Or after AnF, you can go back to UniSIM CET and take up their skillsfuture-subsidised economics courses, or take up an applied economics master.

How strong is your current highest qualification?
Are you able to consider for the sg uni first? At least SIT or UniSIM Full-time/part-time?

 

[da_xiong]

Choose AnF because you like accounting or yoh want to do audit/accounting in the future. Do not choose AnF because its the easier way out.The fact is UOL is a bitch & there's no easier way out.
If you like econs,go for EnF. if you like accounting/audit go AnF. Employers don't really care what degree you are from (although acc/audit industry still favours acc students. But do go big4 website and take a look, they are also looking for non-accounting students. But don't blame me if you chose econs and didn't get a big4/audit job in the future hahah).
If you can get an interview, if you can land the job, all it matters is your job performance.

Second this, IMO take a course which you are interested in and willing to put in the effort to learn. Remember that taking up a degree is not just for that paper qualification but the learning process.

do one have to enter big 4 no matter if its ANF or ENF to be successful in the finance industry? or is it just those who decided on to stay on the accounting path?

It depends on what you define as successful, like you mentioned, you are looking into middle office section, but to some, only front office is considered as successful.

I just graduated last yr from UOL business, but currently working happily at a back office role, honestly, don't think so much into what kind of jobs you ll land yourself with in the future, take things a step at a time, reality is completely different from what you imagine.