An MBA is typically a prerequisite to land various plum jobs in the financial services industry. For fund manager Ark Investment Management, there is a conscious decision not to hire MBAs as research analysts.

Rather, deep subject matter experts are preferred, so that they can be in a better position to analyse industry trends, and help shape winning investment decisions. “It is easier to teach rocket scientists how to read financial statements, than to teach MBAs rocket science,” says Ark’s founder, CEO and CIO, Catherine Wood, referring to the hiring practice first made popular at her previous firm AllianceBernstein.

“It now ever so true in this new world,” says Wood at a July 9 webinar organised by PhillipCapital. The introductory remarks for the webinar were made by Luke Lim, managing director of Phillip Securities. Linus Lim, CEO of Phillip Capital Management, moderated a question-and-answer session after Wood’s talk.

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