Late Lunchtime Links: The finance modules of MBA courses are massively out of date

If you're contemplating an MBA, you probably shouldn't be doing it to increase your knowledge of cutting-edge techniques currently used in the financial services industry.

According to a new paper by a professor at the well-respected Indian Institute of Management, the finance curriculum of a typical MBA programme hasn't kept pace with events in the real world for the last decade.

The average MBA programme doesn't teach student sophisticated mathematical and statistical models, doesn't integrate finance theory with other disciplines, doesn't have much to say about market microstructure, and doesn't really address fat tails and systemic risk.

MBA students may be deluded into thinking they are gathering a lot of knowledge about finance. They would be wrong.

The better educated you are, the more likely it is that you'll regret your career. (mindhacks)

Goldman's supposed to be hiring in asset management, but seems to be losing people. (Financial News)

Hong Kong and Singapore have 18 hedge funds managing more than $1bn, and are becoming more attractive to HF; London and New York have 63 and 128, and are becoming less. (CNBC)

There are lots of trading jobs in Brazil. (Financial News)

Jefferies has hired a Paris-based female director of credit sales. (Powermoves)

Deutsche has hired someone from Goldman to run CMBS trading in the US. (BusinessWeek)

David Soanes is now even more important at UBS. (Reuters)

More on the massive pay increases at Schroders. (Reuters)

Cantor Fitzgerald has added 20% to its equities headcount over the past year. (WSJ)

HSBC wouldn't relocate to Hong Kong, but sometimes thinks about Australia. (BBC)

The Lib Dems will push hard for the implementation of radical banking reform, if it is recommended by Sir John Vickers' independent review. (Financial Times)

"They say they have to cut because "there's no money". Do they think we can't see the bankers and their multi-million pound bonuses?" (SocialistWorker)

According to the OBR, the UK government will lose 3bn a year in combined and income tax from banking as the City shrinks and pay falls. (Telegraph)

By the time bonuses vest in 3-5 years time, the 50% tax rate won't exist. (Sunday Times)

Performance related bonuses don't work: simply pay people slightly more than they expect so that pay's not an issue. (Telegraph)

Facebook campaign could result in bonuses being withheld at bailed out Dutch banks. (Guardian)

EasyJet targets bankers. (Evening Standard)

"Politics is about kissing other people's arses. Women don't tend to do that, they focus on work and they think that will speak for itself, but that's not true." (Financial News)

The strange town where everyone owns a Ferrari. (Autoblog)