“There couldn’t have been a better choice than Mälardalen University to study Financial Engineering”
Peterson Owusu Junior comes from the Ashanti Region of Ghana, in West Africa. He studied Financial Engineering at Mälardalen University and has a Master´s degree in Mathematics/Applied Mathematics with specialisation in Financial Engineering.
Today he teaches Industrial Finance and Investment at the Kwame Nkrumah University of Science & Technology under their Institute of Distance Learning (IDL -KNUST). He also lectures in Statistics for Business Research and Financial Modelling under the Master of Business Administration (MBA) programme in the College of Distance Education at the University of Cape Coast (CoDE - UCC).
Why did you decide to study Financial Engineering at Mälardalen University?
I chose to study Financial Engineering here because amongst the many universities that offer different programme names under the field of Financial Engineering I found only Mälardalen University to have this distinctive programme title at the Master’s level, at least in the whole of Scandinavia. But that is not all; there is a great deal of information about the programme on the University’s website for prospective students to make an informed decision. Programme description, structure, future prospects in academia, the finance industry, manufacturing, and government, a competent faculty including experts from the finance industry, library facilities, etc. are only a few clicks away.When I enrolled I discovered that the conditions on campus are nothing short of all the information on the website. The interaction between students and faculty is enviable. There couldn’t have been a better choice than Mälardalen University to study Financial Engineering.
In what way have you benefited from the education in your work?
The programme content, the quality of delivery, and applicability to real world situations have greatly helped me in my delivery of lectures in finance, mathematics, risk management, and the use of statistical computing and softwares such as R, Python, EViews, etc.I have capitalised on the knowledge I gained from the programme in writing the course texts in Financial Engineering & Risk Management and Financial Modelling.
I also helped my former employer to develop a programme in Quantitative Finance at the undergraduate level which has received accreditation from the National Accreditation Board of Ghana to start running from August 2016. Together with a colleague in November 2015 I organised and ran a 4-Day Training in Financial Time Series Modelling and Forecasting with R for both students and industry professionals at the Kofi Annan ICT Centre in Accra, Ghana under the auspices of West End University College.
What was the best part of the programme?
I enjoyed almost every aspect of the whole programme equally. But if I am forced to choose I will probably go for the applications of financial time series with R and econometrics with IBM SPSS and Microsoft Excel. Further, the courses in Analytical Finance and Portfolio Theory taught by industry experts, as well as Financial & Risk Management Software (Front Arena) were mathematically intensive, realistically applicable, and insightful.
Do you have any advice to students?
I would like to urge students to take the programme seriously and absorb as much as possible the knowledge and skills being imparted to them by the University and especially from the Financial Engineering faculty, however challenging it may be. The reward from a successful completion of the programme from Mälardalen University far exceeds the time, financial, intellectual, and physical investments you would make. I can assure you that the quality of education at Mälardalen University cannot be underestimated. You don’t have to complete the programme before you realise it. You need to appreciate that now.
What do you think the future holds for you?
I believe the future is as bright as it could be. I look forward to funding for a PhD in Financial Econometrics by the end of 2017 and then attain professorship by the year 2026. After that I will be in academia on a part-time basis and take full-time roles in the finance industry in Ghana and in the sub-region of Africa and beyond.