Qatar FS Sector expectations

Generally, the threshold required to enter the financial services sector is a bachelors degree, preferably with a focus on subjects such as Economics, Financial Engineering, Mathematics and Business Studies.
EQF LevelUkAustraliaSingaporeHong KongFS Sector in Qatar(Recommended)
1Apprenticeships etc. included No reference formal levelsbracesbracesQatar FS Setor Level
2Lower Secondary Education CertificateLower Secondary Education CertificateLower Secondary Education Certificate
3Middle Secondary Education CertificateMiddle Secondary Education Certificate Middle Secondary Education Certificate
4Senior Secondary Education CertificateSenior Secondary Education CertificateSenior Secondary Education CertificateSecondary Education DiplomaSecondary Education Diploma1
5Vocational / Professional DiplomaVocational / Professional DiplomaVocational / Professional DiplomaVocational Diploma2
6Bachelors Degree / Graduate CertificateBachelors Degree / Graduate CertificateBachelors DegreeBachelors DegreeBachelors Degree3
7**Master's DegreeMaster's DegreeMaster's Degree / Postgraduate DiplomaMaster's Degree / Postgraduate DiplomaMaster’s Degree Postgraduate Diploma4
8Doctoral DegreeDoctoral DegreeDoctoral DegreeDoctoral DegreeDoctoral Degree

General industry expectation

** Professional qualifications such as CPA, CA, ACCA, CFA and FRM qualify for level 7 or 8 depending on jurisdiction

European Qualifications Framework (EQF) levels – knowledge and skills

The core of the EQF concerns eight reference levels describing learning outcomes – what a learner knows, understands and is able to do. Levels of national qualifications will be placed at one of the central reference levels, ranging from basic (Level 1) to advanced (Level 8). For the purposes of our benchmarking study, the levels will enable a much easier comparison between national qualifications.

Skills EQF Level Knowledge
Ability to carry out simple tasks 1 Basic general knowledge
Basic cognitive and practical skills for using relevant information to carry out tasks and solve routine problems 2 Basic factual knowledge of a field
Range of cognitive and practical skills; application of basic methods, tools, materials and information to solve problems 3 Knowledge of facts, principles, processes and general concepts in a field
Range of cognitive and practical skills to generate solutions to specified problems 4 Factual and theoretical knowledge in broad context within a field of work or study
Comprehensive range of cognitive and practical skills required to develop creative solutions to abstract problems 5 Comprehensive, specialised, factual and theoretical knowledge within a field and an awareness of the boundaries of that knowledge
Mastery and innovation required to solve complex and unpredictable problems in a specialised field 6 Advanced knowledge of field, involving a critical understanding of theories and principles
Specialised problem-solving skills required in research / innovation to develop new knowledge and procedures 7 High specialised knowledge and capable of original thinking; critical awareness of knowledge issues
Advanced and specialised skills for solving critical problems in research / innovation and for expanding existing knowledge or practice 8 At the most advanced frontier of a field or fields

Relevant fields of study for financial sector

The benchmarking study yielded 15 fields which are considered most relevant and preferred by employers in the financial services sector. But this is not to say that other disciplines do not matter.

  • Economics
  • Mathematics
  • Computational Finance
  • Financial Planning
  • Management
  • Engineering
  • Finance
  • Econometrics
  • Applied Statistics
  • Commerce
  • Actuarial Science
  • Financial Engineering
  • Accountancy
  • Business / Business Administration
  • Capital markets
  • Other relevant discipline