Why giving machines the ability to ‘see’ could transform the way we live

Submitted by yang@qs.com on Tue, 10/17/2023 - 01:57

Vision is arguably the next frontier for AI companies. After all, the ability to see underpins almost every aspect of human life, and being able to develop machines that can see, process, and comprehend the world, just like a human would, can transform the way we live and work.

In the American cartoon The Jetsons, the titular family lives in a futuristic world of technological convenience, with household chores attended to by Rosie, a robotic maid and housekeeper. Rosie is able to see and understand the world around her just as humans do, enabling her to carry out her tasks and respond to the Jetsons’ shenanigans.

While robots like Rosie are still far from becoming reality, giving machines the ability to ‘see’ like humans — also known as computer vision — is a key branch of AI research and development today.

“The main purpose [of computer vision] is to try to mimic human vision,” says Liu Fang, associate professor at the department of computer science at DigiPen Institute of Technology Singapore, a specialised university focused on the digital economy. “It aims to recognize visual inputs and process them as fast as humans can.”

Vision is arguably the next frontier for AI companies. After all, the ability to see underpins almost every aspect of human life, and being able to develop machines that can see, process, and comprehend the world, just like a human would, can transform the way we live and work.

The evolution of computer vision

One of the earliest and most well-known uses of computer vision came up in the 1970s with the development of optical character recognition (OCR) but not much progress was made in the field until the 2000s, which marked significant growth in the AI industry.

According to Liu, the advent of deep learning and neural networks transformed how researchers understand and work with computer vision, especially in the process of feature extraction. This refers to the transformation of image data into numerical features that can be processed by a machine, which is how a computer is able to ‘see’ images.

“Instead of having to half-manually extract features from images, we could now train computers to automatically perform this feature extraction and identify objects,” she explains. “This has fundamentally changed the things we can do around computer vision.”

Previously, researchers had to code algorithms from scratch for feature extraction to occur. However, this meant that each feature was only suited for a specific use case and couldn’t be applied universally across different scenarios. With neural networks, researchers can now ‘teach’ models what to look out for, making it easier to develop programs that can be applied to the real world.

Liu Fang

The power of computer vision

Thanks to the rise in deep learning, existing applications of computer vision today are things that would have been unfathomable just 50 years ago.

In healthcare, for example, computer vision technology plays a key role in the analysis of medical images, helping doctors identify abnormalities from ultrasounds, MRIs and CT scans. The technology has also come up in surveillance and security, being able to pinpoint threats or unusual behaviours.

For Liu, an interesting application lies in the realm of self-driving cars. She points to ‘Tesla Vision’, the electric vehicle firm’s autopilot system enabled by cameras, as an example of AI-based computer vision in action.

“Instead of just using radar, which is only good for gauging distance, Tesla is using computer vision to identify and recognise objects on the road,” Liu explains. “By understanding what exactly it is seeing, the AI behind the self-driving technology can better understand the situation and react accordingly.”

In the near future, Liu envisions that computer vision can be combined with other new emerging technologies, such as virtual reality (VR) and augmented reality (AR), to enhance user experiences.

This technology has useful applications in areas such as medicine, where AR can help in training medical students and planning surgeries, as well as in engineering and manufacturing, where training and tests involving heavy machinery can be done in simulations.

The road ahead

While computer vision has come far, it still faces several limitations. Computational challenges and issues with processing power are a key hurdle that many computer vision models struggle with. Computer vision systems are also lacking in key aspects of mimicking human vision — while they are capable of recognising individual objects, they cannot understand the scenes they’re looking at.

Additionally, the sector struggles with talent. In Asia-Pacific alone, it has been estimated that there will be a shortage of 47 million people by 2030, with the AI talent gap being a barrier to the growth of the sector.

However, much is being done to address these hurdles. Liu shares that researchers are looking at combining computer vision with other technologies such as natural language processing to close the gaps in what computer vision can do. Some scientists have combined language processing models with computer vision technology to allow machines to understand context, creating AI models that can parse both language and visuals.

“At present, we don’t need it to understand what it is seeing exactly as humans do, but we want it to be able to build a representation of the content in the scene, which will help the AI make better decisions,” Liu explains.

On the talent front, governments and institutions are working to build up the pool of AI talent. The Singapore government, for one, has rolled out a comprehensive series of programmes to develop talent in the AI space, while DigiPen Singapore has launched a master’s degree in computer vision to help address this talent gap.

“We need to have a broader base of AI talent in order to create that synergy for more development and ideas,” Liu says.

“However, as computational resources grow and more talent comes into the space, we’ll be seeing even more exciting applications and developments,” she concludes. “We’re just limited by our own imagination.”

 

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This article was originally published on Tech in Asia’s website on 6 May 2022.

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Vision is arguably the next frontier for AI companies. After all, the ability to see underpins almost every aspect of human life, and being able to develop machines that can see, process, and comprehend the world, just like a human would, can transform the way we live and work.

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QS Europe Rankings Methodology

Submitted by yang@qs.com on Tue, 09/19/2023 - 18:04

We are pleased to announce that starting from calendar year 2023, we will be publishing the QS World University Rankings: Europe. This will allow a deeper look into European institutions, using a methodology familiar to our other regional rankings. The tentative publication date for this ranking is late June 2023. 

The regional remit for this ranking is those countries which are members of the Council of Europe

The inclusion criteria is the same for our general rankings suite. 

With our EECA ranking now discontinued, this ranking incorporates the majority of those countries that featured in EECA, as well as including countries from Northern, Southern and Western Europe that were previously only eligible for publication in our QS World University Ranking. 

Academic Reputation 30%
Employer Reputation 15%
Citations per Paper 10%
Papers per Faculty 5%
International Research Network 10%
Employment Outcomes 5%
Faculty Student Ratio 5%
International Student Diversity  5%
International Faculty Ratio 5%
Inbound Exchange Student Ratio 2.5%
Outbound Exchange Student Ratio 2.5%
Sustainability Score 5%

 

Paper threshold

100 or more papers must be documented in our Scopus extract over our 5 year window. See Papers for more details.

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Discover the top universities in Europe with the QS World University Rankings: Europe.

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The QS World University Rankings: Europe 2024 is our first-ever ranking focused exclusively on European universities.

688 universities are included in the overall Europe ranking, with the University of Oxford in first place, closely followed by ETH Zurich. Seven of the top 10 universities in Europe are based in the UK.

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QS Higher Ed Summit: Asia Pacific 2023

Submitted by yang@qs.com on Fri, 09/15/2023 - 04:18

Our 19th edition has evolved to suit higher education needs for the Asia Pacific region bringing higher education experts across the globe to 2 locations this year.

For over 18 years, the QS Higher Ed Summit: Asia Pacific has been a pinnacle of excellence in the realm of higher education conferences. This prestigious event brings together esteemed academics, university leaders, policymakers, and industry experts from across the Asia Pacific region and beyond to discuss the challenges and opportunities facing higher education today.

The QS Higher Ed Summit: Asia Pacific has grown exponentially over the years, gaining recognition as a leading platform for fostering collaboration and knowledge exchange within the education sector. The event's success and popularity have prompted QS to expand its reach and impact further.

The Pre-Summit event aims to showcase the incredible diversity, innovation, and expertise present within the Asia Pacific's higher education landscape. By hosting events in two different locations, QS aims to provide a broader perspective on the region's educational advancements and achievements.

QS Higher Ed Pre-Summit: Asia Pacific 2023

The QS Higher Ed Pre-Summit: Asia Pacific 2023 brings together key stakeholders in the field of higher education from across the Asia Pacific region to discuss the overall theme ‘Exploring new outlooks for China’s Higher Education: The role of Liberal Arts Universities in the digital era’. 

Lingnan University, one of the leading institutions in Hong Kong, will be hosting the QS Higher Ed Pre-Summit: Asia Pacific 2023, and is committed to facilitating knowledge exchange and collaborative discussions on various higher education topics.
 
The Pre-Summit was created as an extension event of the QS Higher Ed Summit: Asia Pacific, to ensure that the most pressing topics for the region could be debated in more detail.

This Pre-Summit will set the stage for a productive and insightful conference, and will be organised on 3 November 2023 at Lingnan University, Hong Kong SAR, China.
 
You can book your ticket for the Pre-Summit here: https://qshesummits.com/asia-pacific/registration/ .

If you are looking for places to stay in Hong Kong, please refer to our recommended hotel page here.

QS and Lingnan University are looking forward to welcoming you to Hong Kong, a vibrant global city known for its strong education systems and innovative research initiatives.


QS Higher Ed Pre-Summit: Asia Pacific theme: ‘Exploring new outlooks for China’s Higher Education: The role of Liberal Arts Universities in the digital era’.

QS Higher Ed Pre-Summit: Asia Pacific 2023 examines how liberal arts universities in China's higher education system are discovering new outlooks on education amid technological developments. Discussions will explore how liberal arts can foster critical thinking, creativity, and interdisciplinary collaboration, which are essential in a rapidly changing global society. Additionally, there will be conversations which address challenges and opportunities faced by liberal arts universities in integrating digital technologies into their curriculum and pedagogy.
 

Pre-Summit Program Highlights

Participants attending the QS Higher Ed Pre-Summit: Asia Pacific 2023 can expect a diverse and engaging program that includes keynote sessions, plenary discussions and expert panel.

In the Presidents Forum, titled "The art of STEM: Enhancing scientific thinking through liberal arts education", leaders from higher education institutions will discuss integrating liberal arts into STEM education, emphasizing the need for students to develop a broader skillset. They'll explore how these competencies enhance graduates' effectiveness in navigating challenges, collaborating, and contributing to society.

The panel: Internationalisation, Student Learning, and Employability will discuss the future benefits of internationalisation for students. It emphasizes cross-cultural engagement, diverse perspectives, and intercultural competence. It will also explore the importance of deepening students' global understanding, fostering empathy, and broadening their worldview. Attendees will gain insights into how internationalisation improves education quality and enhances employability in a global job market.

You can view the agenda and speakers for the QS Higher Ed Pre- Summit: Asia Pacific 2023 here: https://qshesummits.com/asia-pacific/apac-pre-summit-agenda/ 

 

QS Higher Ed Summit: Asia Pacific 2023

The QS Higher Ed Summit: Asia Pacific is now at its 19th edition and has established itself as the most important gathering for Higher Education leaders in the Asia Pacific region.


 Happening after the QS Pre-Summit in Hong Kong the week before, the QS Higher Ed Summit: Asia Pacific 2023 will be hosted by Universiti Kebangsaan Malaysia (UKM) on 7-9 November 2023 at the Kuala Lumpur Convention Centre (KLCC) in Malaysia.

The Summit will gather over 1500 university leaders, senior administrators, and decision-makers across the globe to discuss the overall theme ‘Creating the right outcomes: Universities and the future of work in the Asia Pacific’.

You can view the agenda and speakers for the QS Higher Ed Summit: Asia Pacific 2023 here: https://qshesummits.com/asia-pacific/agenda/ 

 

APAC Pre & Main Summit Rundown

Date

Location

Activity

2 Nov

Hong Kong

Buildup of APAC Pre-Summit

3 Nov

Hong Kong

APAC Pre-Summit in Lingnan Campus

5 Nov

Malaysia

Buildup of APAC Summit

6 Nov

Malaysia

Campus Tour (Taylor’s University)

7 Nov

Malaysia

APAC Summit Opening Ceremony

Full Day conference

APAC Summit Gala Dinner – for paid tickets only

8 Nov

Malaysia

Full Day conference

9 Nov

Malaysia

Half Day conference

Campus Tour (UKM, MSU, APU)

WUR 20th anniversary session cum dinner – for paid tickets only

*Do note that 9th November will be a full day of activities and we recommend that departure from Malaysia should be on 10th November

 

Book your Summit pass

Tickets for the QS Higher Ed Pre-Summit: Asia Pacific (3 November, 2023), and for the QS Higher Ed Summit: Asia Pacific (7-9 November 2023) can be booked here: https://qshesummits.com/asia-pacific/registration/

Attendees who purchase the QS Higher Ed Summit: Asia Pacific (7-9 November 2023, Kuala Lumpur) will be able to access the QS Higher Ed Pre-Summit: Asia Pacific (3 November 2023, Hong Kong) with the same ticket, at no additional cost.

To learn more about the QS Higher Ed Pre-Summit: Asia Pacific 2023 and QS Higher Ed Summit: Asia Pacific 2023, visit our official website. If you require further assistance, please contact event.ops@qs.com
 
We are looking forward to meeting you in Hong Kong and Malaysia this November!

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Our 19th edition has evolved to suit higher education needs for the Asia Pacific region bringing higher education experts across the globe to 2 locations this year.

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QS Higher Ed Pre-Summit: Asia Pacific 2023

Submitted by yang@qs.com on Thu, 08/10/2023 - 05:04

Exploring new outlooks for China’s Higher Education

The QS Higher Ed Pre-Summit: Asia Pacific 2023 is a prestigious event that brings together key stakeholders in the field of higher education from across the Asia Pacific region to discuss the overall theme ‘Exploring new outlooks for China’s Higher Education: The role of Liberal Arts Universities in the digital era’.

Lingnan University, one of the leading institutions in Hong Kong, will be hosting the QS Higher Ed Pre-Summit: Asia Pacific 2023, and is committed to facilitating knowledge exchange and collaborative discussions on various higher education topics.

The Pre-Summit was created as an extension event of the QS Higher Ed Summit: Asia Pacific, to ensure that the most pressing topics for the region could be debated in more detail.

This Pre-Summit will set the stage for a productive and insightful conference, and will be organised on 3 November 2023 at Lingnan University, Hong Kong SAR, China.

You can book your ticket for the Pre-Summit here: https://qshesummits.com/asia-pacific/registration/ .

If you are looking for places to stay in Hong Kong, please consult our recommended hotel page here.

QS and Lingnan University are looking forward to welcoming you to Hong Kong, a vibrant global city known for its strong education systems and innovative research initiatives.

Pre-summit


QS Higher Ed Pre-Summit: Asia Pacific theme: ‘Exploring new outlooks for China’s Higher Education: The role of Liberal Arts Universities in the digital era’.

China's higher education landscape is undergoing a significant transformation in the digital era as innovation and technological advancements continue to be priorities in the region. There is also growing recognition and expectations for higher education institutions to provide a well-rounded education that goes beyond technical skills.

QS Higher Ed Pre-Summit: Asia Pacific 2023 examines how liberal arts universities in China's higher education system are discovering new outlooks on education amid technological developments. Discussions will explore how liberal arts can foster critical thinking, creativity, and interdisciplinary collaboration, which are essential in a rapidly changing global society. Additionally, there will be conversations which address challenges and opportunities faced by liberal arts universities in integrating digital technologies into their curriculum and pedagogy.           

With a focus on promoting academic excellence, ensuring student success, and driving innovation, the Pre-Summit centers around several key topics:

  • Education Technology: Exploring the role of emerging technologies in enhancing teaching and learning experiences.
  • Sustainable Development: Addressing the impact of higher education on the environment and promoting sustainability practices.
  • Internationalization: Discussing strategies to foster international collaboration and mobility among institutions.
  • Equity, Diversity, and Inclusion: Examining the role of higher education in creating inclusive and diverse environments.
  • Employability and Entrepreneurship: Exploring ways to bridge the gap between academia and industry, equipping students with relevant skills.

Summit Program Highlights

Participants attending the QS Higher Ed Pre-Summit: Asia Pacific 2023 can expect a diverse and engaging program that includes keynote sessions, plenary discussions, expert panels, and interactive workshops. The agenda is carefully crafted to provide attendees with insights, solutions, and best practices that address the challenges faced by higher education institutions in the China.

In the Presidents Forum, titled "The art of STEM: Enhancing scientific thinking through liberal arts education", leaders from higher education institutions will discuss integrating liberal arts into STEM education, emphasizing the need for students to develop a broader skillset. They'll explore how these competencies enhance graduates' effectiveness in navigating challenges, collaborating, and contributing to society.

The panel: Internationalisation, Student Learning, and Employability will discuss the future benefits of internationalisation for students. It emphasizes cross-cultural engagement, diverse perspectives, and intercultural competence. It will also explore the importance of deepening students' global understanding, fostering empathy, and broadening their worldview. Attendees will gain insights into how internationalisation improves education quality and enhances employability in a global job market.

Furthermore, the Pre-Summit acts as a networking hub, connecting professionals from academia, industry, and government sectors. This provides attendees with valuable opportunities to establish partnerships, exchange ideas, and enhance their professional networks.

You can view the agenda and speakers for the QS Higher Ed Pre- Summit: Asia Pacific 2023 here: https://qshesummits.com/asia-pacific/apac-pre-summit-agenda/

 

QS Higher Ed Summit: Asia Pacific 2023

The QS Higher Ed Summit: Asia Pacific is now at its 19th edition and has established itself as the most important gathering for Higher Education leaders in the Asia Pacific region.


Happening after the QS Pre-Summit, the QS Higher Ed Summit: Asia Pacific 2023 will be hosted by Universiti Kebangsaan Malaysia (UKM) on 7-9 November 2023 at the Kuala Lumpur Convention Centre (KLCC) in Malaysia.

The Summit will gather over 1500 university leaders, senior administrators, and decision-makers from across the globe to discuss the overall theme ‘Creating the right outcomes: Universities and the future of work in the Asia Pacific’.

You can view the agenda and speakers for the QS Higher Ed Summit: Asia Pacific 2023 here: https://qshesummits.com/asia-pacific/agenda/

Book your Summit pass

Tickets for the QS Higher Ed Pre-Summit: Asia Pacific (3 November, 2023), and for the QS Higher Ed Summit: Asia Pacific (7-9 November 2023) can be booked here: https://qshesummits.com/asia-pacific/registration/

Ticket Offer

Attendees of the QS Higher Ed Summit: Asia Pacific (7-9 November 2023, Kuala Lumpur) will be able to access the QS Higher Ed Pre-Summit: Asia Pacific (3 November 2023, Hong Kong) with the same ticket, at no additional cost.

 

To learn more about the QS Higher Ed Pre-Summit: Asia Pacific 2023 and QS Higher Ed Summit: Asia Pacific 2023, visit our official website.

We are looking forward to meeting you in Hong Kong!

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Exploring new outlooks for China’s Higher Education

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Introducing the latest edition of QS Insights Magazine: Leaving on a jet plane

Submitted by yang@qs.com on Thu, 08/10/2023 - 05:04

We are thrilled to present the latest edition of the free, monthly QS Insights Magazine.

QS Insights Magazine is an invaluable resource for educators, administrators, policymakers, and anyone interested in staying ahead of the curve.

This issue delves into a range of topics that are shaping the future of education, from innovative teaching methods to advancements in technology within the academic landscape.

We are thrilled to present the latest edition of the free, monthly QS Insights Magazine.

QS Insights Magazine is an invaluable resource for educators, administrators, policymakers, and anyone interested in staying ahead of the curve.

This issue delves into a range of topics that are shaping the future of education, from innovative teaching methods to advancements in technology within the academic landscape.

Create your free QS reader account here to access this and future issues of QS Insights Magazine!

Key Articles

  • Leaving on a jetplane
    The article addresses the issue of low outbound student mobility in English-speaking countries despite their popularity as international student destinations. Factors such as highly ranked institutions and the global prominence of the English language attract students to these countries, while limited higher education opportunities and quality education drive inbound student numbers. Language competency, Brexit consequences, and the exclusion from the ERASMUS+ program have affected the UK's outward mobility. Efforts are being made to increase diversity and inclusivity in study abroad programs, opening new opportunities beyond traditional destinations.
  • AI-Literate
    The Russell Group, a consortium of leading UK research universities, has developed a set of guiding principles to address the use of generative AI programs like ChatGPT. The principles aim to balance the benefits of AI in education while upholding academic rigour and integrity. They cover student and staff responsibilities, ethical use of AI, adaptation of teaching and assessment methods, transparency, and collaboration. While generally well-received, some experts have called for more specific details on maintaining academic integrity and expanding the scope of AI integration beyond the syllabus. Similar initiatives are being launched in the UK and Japan, highlighting a growing focus on AI in education.
  • The odd one out
    Laura Chaubard, the Director General of École Polytechnique in France, reflects on her educational experiences and discusses her vision for the future of education. She describes how a transformative English language module inspired her to recognize the power of storytelling in teaching, even in the sciences. Dr. Chaubard emphasizes the importance of lifelong learning and urges students to explore diverse career paths and stay curious. She also addresses the gender gap in STEM fields, highlighting the need for structural actions to overcome cultural biases and encourage more women to pursue science and mathematics.
  • EDI in the classroom
    The article explores the challenges and opportunities of integrating EDI (Equity, Diversity, and Inclusion) practices in the classroom. It emphasizes the need for academics to embrace a global perspective and take into account the diverse backgrounds of students. The importance of progressive pedagogy, which challenges power dynamics and creates equal relations between teachers and students, is highlighted. The article also discusses the role of social justice pedagogy in creating equitable learning environments and the need for intentional inclusivity. Additionally, the concept of cultural intelligence is touched upon, emphasizing the value of adapting teaching approaches to suit various cultural contexts.
  • Entrepreneurial state of mind
    The article discusses the importance of fostering an entrepreneurial state of mind in students and the benefits it brings to both individuals and companies. It emphasizes the need for students to be curious, adaptable, creative, and resilient, as these qualities are highly valued by employers. The panel also highlights the significance of a culture that accepts failure and provides a safe space for students to experiment and learn from their mistakes. Additionally, the integration of sustainability practices and the promotion of gender equality in entrepreneurship are discussed, with a focus on the need for inclusivity and equal opportunities for all students.
QS Insights Magazine


Call for proposals

In our bid to bring to our readers valuable and insightful content, we would like to invite you to submit essays on topics in the field of international higher education like research, policies, partnerships, teaching, curriculum, or other important and emerging issues in the sector.

We invite you to submit an article here if you would like to get published in the next issue of our monthly publication.

Please take note of the following submission guidelines:

  • Your article should be between 500 and 1000 words in length. The submission may be accompanied by high-resolution pictures.
  • We don't accept journal articles or research papers.
  • Publication in the QS Insights Magazine is highly selective. Only a limited number of stories are included. QS reserves the right to edit or revise stories and may choose not to publish stories.

QS Insights Magazine Call for jobs

Publicize your institution’s job vacancies on QS Insights Magazine: Post a job here.

Request a free consultation with our branding advisors

Our team has 30 years of experience and data-driven insights from working with universities worldwide. We are equipped to deliver tailored advertising campaigns that will reach over 80,000 higher education leaders through our new monthly publication, QS Insights Magazine.

If you would like to improve your institution’s reputation and reach, find out more about our advertising opportunities in our QS Insights Magazine here.

 

About QS Insights Magazine

QS Insights Magazine has gained recognition as a reliable source for valuable insights and industry trends across the globe. With each edition, our magazine continues to bring together the expertise of renowned academics, industry leaders, and practitioners in the field of education. The latest edition provides a comprehensive overview of the challenges and opportunities shaping the future of education.

Whether you are an educator, an industry professional, or a decision-maker in the education sector, this magazine offers a unique opportunity to stay informed and inspired. The carefully curated articles provide in-depth analysis, innovative ideas, and practical strategies to navigate the ever-changing educational landscape.

Visit the QS Insights Magazine website here to access this stimulating collection of articles. Stay informed, gain valuable insights, and rediscover the passion for education that drives us forward!

 

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We are thrilled to present the latest edition of the free, monthly QS Insights Magazine.

QS Insights Magazine is an invaluable resource for educators, administrators, policymakers, and anyone interested in staying ahead of the curve.

This issue delves into a range of topics that are shaping the future of education, from innovative teaching methods to advancements in technology within the academic landscape.

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QS Best Student Cities 2024: Which cities are new to this year's ranking?

Submitted by craig@qs.com on Wed, 07/19/2023 - 07:03

Belfast

Location: United Kingdom
Best Student Cities 2024 rank: =60th

Turin

Location: Italy
Best Student Cities 2024 rank: 67th

Hamburg

Location: Germany
Best Student Cities 2024 rank: 80th

Pretoria

Location: South Africa
Best Student Cities 2024 rank: 105th

Doha

Location: Qatar
Best Student Cities 2024 rank: 106th

Subang Jaya

Location: Malaysia
Best Student Cities 2024 rank: 114th

Shah Alam

Location: Malaysia
Best Student Cities 2024 rank: =115th

Hannover

Location: Germany
Best Student Cities 2024 rank: 124th

Yogyakarta

Location: Indonesia
Best Student Cities 2024 rank: 126th

Tallinn

Location: Estonia
Best Student Cities 2024 rank: 131st

Panama City

Location: Panama
Best Student Cities 2024 rank: 135th

Valparaiso

Location: Chile
Best Student Cities 2024 rank: 136th

Medellin

Location: Colombia
Best Student Cities 2024 rank: 139th

Bratislava

Location: Slovakia
Best Student Cities 2024 rank: 140th

Poznan

Location: Poland
Best Student Cities 2024 rank: 142nd

Macau

Location: Macau SAR
Best Student Cities 2024 rank: 143rd

Tianjin

Location: Mainland China
Best Student Cities 2024 rank: 146th

Dhaka

Location: Bangladesh
Best Student Cities 2024 rank: =149th

Bilbao

Location: Spain
Best Student Cities 2024 rank: 151-160

Daegu

Location: South Korea
Best Student Cities 2024 rank: 151-160

Gdansk

Location: Poland
Best Student Cities 2024 rank: 151-160

Harbin

Location: Mainland China
Best Student Cities 2024 rank: 151-160

Izmir

Location: Turkey
Best Student Cities 2024 rank: 151-160

San Jose

Location: Costa Rica
Best Student Cities 2024 rank: 151-160

Taoyuan District

Location: Taiwan
Best Student Cities 2024 rank: 151-160

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How studying a finance degree abroad opened up career opportunities in banking

Submitted by yang@qs.com on Thu, 05/11/2023 - 05:52

Sponsored byBocconi University

 

Getting a job in the finance industry is extremely competitive and securing a job can be hard even for the brightest graduates. That’s why it’s essential to gain the skills and qualifications you’ll need and establish a strong network.

QSChina spoke to Bocconi University graduate, Fangyi Li, about how studying a finance master’s at a reputable university in Italy helped him achieve his career goals in the finance industry.

Fangyi told us how his MSc Finance helped him progress in his career:

 

Could you just give me a quick overview of your career so far?

I started my career at Merrill Lynch in its consumer and retail investment banking team here in London. In this role, I helped consumer and retail companies in their mergers and acquisitions transactions, equity and debt financing.

I worked with the bank for four years. After which, I felt like the learning curve had flattened and it was time for me to embrace a new challenge. For me, this was working as an investor rather than as an advisor and so I moved to TPG, the global private equity fund.

 

Can you just tell me a bit about what your current role at TPG involves?

I now work in private equity, evaluating investment opportunities. I study the industry trends by reading the reports and talking to industry experts. I also work with our advisors – working with consultants on the market study, or with accountants on financial due diligence.

I spend most of time building financial models for our internal Investment Committee materials. If we want to invest in something, the Investment Committee will have to approve it. In order for them to do that, we prepare very different materials.

We also work on portfolio management. If we buy a company, we monitor it to make sure it's on track measured against our underwriting financial plan.

Can you tell me a bit about why you chose to study at Bocconi and what particularly stood out to you about the master’s in finance at Bocconi?

I got my double bachelor's degrees back in China: one in Italian and one in economics. I wanted to deepen my knowledge in finance and to prepare for a career in finance. At the same time I thought, if I can practice my Italian that would be perfect. So, it seemed like the natural choice to apply to Bocconi University at that time. As a result, the MSc Finance at Bocconi was the only programme I applied for.

Why the finance programme? Bocconi University is a career-centred school. I wanted to prepare for a career in finance and attend a school which offers good career services. At the same time, the programme's curricula is very rigorous and practical.

Bocconi's MSc Finance programme helps you build practical skills that you can use in your day-to-day work. You'll meet and work with classmates who are ambitious and want a career in finance. I still have regular catch-ups with my classmates as a lot of them are also based in London.

The tuition fees are also lower than similar programmes in the UK or US and there's a higher chance to secure scholarships.

 

Can you tell me a bit about what the degree covered and how you've used your knowledge from your degree in your career so far?

As I’ve mentioned before, Bocconi University’s MSc Finance has a rigorous curricula . You study all the fundamental courses and in the second year you’ll have the opportunity to choose from four elective courses.

You can concentrate on corporate finance like I did, or you can select another option like quantitative finance. I was quite happy with my choice. Alternatively, if you're not sure of what you want to do, you do not have to declare a concentration. The accounting course, the corporate finance course and advanced corporate finance course were all hugely helpful for my jobs post-graduation and for my interviews to get those jobs.

Some of the students go on exchange programmes in their second year, which is great because you'll get to visit other countries and get that international perspective.

 

How has Bocconi supported you in your career while you were studying and after graduating?

Before I joined in Bocconi, I only had a rough idea that I wanted a career in finance . I didn't have a clear picture. I didn't know what an investment bank or a private equity bank did.

When I was studying there, I went to an investment bank weekend, where representatives from investment banking firms came to the campus.

There were also students there who did a summer internship in investment banking. I found this particularly helpful to understand what the job actually entails and to find out more about their experiences.

By speaking with the representatives and also your fellow students, you get an idea of whether the culture is for you, and whether you actually want to pursue a career in banking or you want to do something else. I found that incredibly helpful.

After graduation, I think the biggest asset you have is that a lot of your friends from the programme will also work in banking. You will start your career at the same time as your classmates, so it's really great to keep in touch, both personally and professionally.

After university, you started working at Merrill Lynch. How do you think your MSc Finance from Bocconi helped you secure this role?

When I started, I thought I wanted to do something like risk management. I’m good with numbers and I thought the competition for jobs would probably be lower.

I didn't realise back then that risk management actually requires you to have some coding skills. I soon realised that this career path was not for me and that I wanted to do something else. I got in touch with Bocconi’s alumni network and now here I am!

I would advise students to leverage the networking opportunities in those investment weekends, and to use LinkedIn to reach out to any alumni you want to speak with.

I find people are incredibly helpful. Most of them will respond to your cold emails and talking to alumni will actually give you a much higher chance of securing an interview. Bocconi is a very respectable university, particularly in Italy and this reputation helps.

 

Overall, would you say that studying abroad in Italy helped your career?

Living in Italy is really fun because you're right in the centre of Europe. I travelled quite a bit while studying. The food is amazing and the weather is good for most of the year.

Another great thing is that you're not expected to be fluent in Italian. Within Bocconi University, you can use English whenever you like. Outside of the university, although it's useful to know a little bit of Italian, you can still use English for the most part.

There are also so many networking opportunities on offer and you’ll have a strong alumni network behind you.

 

Overall, would you recommend studying an MSc in Finance at Bocconi?

Of course I would!

当然会!

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