UAE new visa regulations: Graduate program launches as student enrollment rises

UAE institutions have observed an increase in new student enrolment for the forthcoming academic year. This has resulted in the establishment of a new Graduate Programme in Dubai that offers a degree in financial planning.

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New UAE visa rules spark student enrolment increase

With the introduction of new visa regulations, UAE institutions have observed an increase in new student enrolment for the forthcoming academic year. This has resulted in the establishment of a new Graduate Programme in Dubai that offers a degree in financial planning. A new Graduate Programme Academy has been established to develop the next generation of industry talent by preparing financial planners through a two-year program of training, mentorship, and certified learning. According to the program director, this was done in preparation for an expected rise in student registration in the UAE as more youth and families immigrated. The venture began with an initial cohort of eight recent UK university graduates. Participants would also get the opportunity to engage directly with top advisers at the firm, according to Sophia Bhatti, Director of Learning Development at Hoxton Capital Management. "With the new visa regulations being implemented this year, we anticipate a fresh influx of expatriates coming to live and work in the UAE. This programme aims to help meet the demand for skilled financial planning professionals that we expect to emerge as the country's expat population grows," said Bhatti. Bhatti, who is spearheading this project to equip young individuals interested in starting their professions in the UAE, further explained: "The financial planning sector needs a constant supply of qualified, knowledgeable, and experienced professionals to deliver the best advice to clients, with transparency and integrity. "This programme combines our commitment to the highest standards of industry practice with our passion for developing the next generation of talent in the finance profession." The London Institute of Banking and Finance Diploma for Financial Advisers is one of two industry-recognized financial planning accreditations awarded to successful candidates. Ali Hassan, a 21-year-old first-class financial economics graduate, described his reason for applying for the program: "My main objective was to develop the skills I had attained at university in a working environment. With the resources to achieve further financial qualifications and the direct support on how to interact with clients professionally, this is the perfect opportunity to kickstart my career in the financial world." He also added, "My personal goal is to become Level 6 Chartered as a financial advisor, and then explore the Series 65 qualification that would allow me to advise clients in the United States, all whilst building up the clients under my management. With multiple new offices opening up all around the world, there is a sense of flexibility." The trainees will have access to a variety of learning tools as they work to improve their technical and consulting abilities in a professional and client-facing setting. In order to enhance their technical and consulting abilities in a professional and client-facing setting, the trainees will have access to a wide range of learning tools. Fellow graduate trainee Connor Hardcastle, 24, who holds a Bachelor of Science in Chemistry said, "When I was around 17 years old, one of my ambitions was to be a financial advisor, but I didn't follow that path initially. After studying Chemistry, I realized I still wanted to have an entry point into financial services, and I enjoy the idea of being fast-tracked to the financial advisor role, so I was ready to take the leap." He went on to say that, "After coming from a non-finance background to be able to have an in-depth conversation about financial products with a family who has been in the industry for 30 years, I've learnt a great deal about the industry already. "The programme also focuses on the business development manager role, which we undertake daily to ensure that we have meaningful and sustainable conversations with clients that will help me develop into a successful financial advisor once I take that step up."

Plans for university growth

Despite continued global concerns, the provision of Golden Visas has boosted the UAE's academic community. In the last several years, a number of major colleges in Dubai have announced ambitions to expand. The University of Birmingham is a 30,000-square-metre campus that opened in April 2022. The new campus at Dubai International Academic City houses 46 academic programs. In 2021, Heriot-Watt University Dubai will build a new campus in Dubai Knowledge Park. Nearly 4,000 students from 105 different countries may be accommodated on the specialized campus. In August 2020, the University of Wollongong at Dubai (UOWD) will unveil its 200,000-square-foot Campus of the Future in Dubai Knowledge Park. In 2020, the UOWD had the greatest admissions intake in seven years. Murdoch University, based in Australia, will open a 27,000-square-foot campus in Dubai Knowledge Park in May 2020, more than doubling the size of its previous location in Dubai International Academic City.

Dubai's educational institutions

• In the emirate's 215 private schools, there are around 289,019 students.
• This academic year, the number of students enrolled in Dubai's private schools grew by 10,000.
• The academic year 2021-2022 saw ten new private schools launch.
• In the last four years, nearly 25 new private schools have opened.
• Dubai's administration hopes to increase its population from 3.3 million in 2020 to 5.8 million in the following 20 years. KMB/Expat Media

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