Our MBA is not just study in classroom, there is a broader experience than just in the classroom. In the second week of July, as a MBA student, I has participated in a study trip to London for 4 days. This trip is so important to me and it enhance my personal growth element, beside that it got me out of my comfort zone.
The meetings and tours I had in both the place was a good mix across financial and services sectors which covered many different aspects of the economic engine. London is a world leading global metropolitan city with strengths in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism, and transport all contributing to its prominence. It also cannot be deny that it is one of the world’s leading financial centers.
I had been brought to attend two days special and important seminars in London. First day of seminar was presentation on the Business appraisal and Valuation. The second days of seminar was presentation on operation management which was presented by our formal UEA MBA student who worked in London recently. Both presentation are so informative and interesting. I had learnt a lot from these two seminars which were involved a real life working experiences and application. I was so impressed by them.
A part of attending the seminar, we did visit the Bank of England‘s museum located at the Bank. The Bank of England is the United Kingdom’s central bank. It has a unique role in UK economy, promoting the good of the people of the United Kingdom by maintaining monetary and financial stability. However the museum is not only much more than money but also discovery history of the Bank, its buildings, and the people who have shaped it over more than 300 years. We have been given a guided tour around the museum and a presentation on the monetary policy and fiscal policy by the museum’s manager. He did explained to us on the method of controlling financial stability. Overall the financial stability is about public trust and confidence in financial institutions, markets, infrastructure, and the system as a whole. It is very critical to a healthy and well-functioning economy.
In general the Bank of England plays a vital role in maintaining financial stability in the United Kingdom in a number of ways such as reinforcing trust and confidence in money itself, acting as lender and market maker of last resort at times of financial stress, sometimes promoting the safety and soundness of individual financial institutions (via the Prudential Regulation Authority), removing or reducing risks to the financial system as a whole, via the Financial Policy Committee and supervising financial market infrastructure and also safely resolving failing financial institutions and Collaborating with other UK financial authorities to support UK financial sector business continuity and operational resilience.
At last but least, London tour has given me a lot of precious moment and memories. In a tour that was consist of 26 students and more than 20 nationalities which I thought it was incredible and stunning but only UEA’MBA can manage it well.