UAE: More young Emiratis said to be entering the finance sector

UAE: More young Emiratis said to be entering the finance sector

More young Emiratis are entering the finance industry, according to the CFA Institute. Recent figures show that there has been a 23 percent increase in the number of Emiratis who opt for the certification program.

"Over the past five years, there has been a noticeable rise in the number of Emiratis registering for the CFA Program," said Antoine Shehadeh, Senior Director, MENA at CFA Institute. "A third, roughly about 33 percent, of all candidates registering in the UAE are Emirati nationals, marking a significant rise from 27 percent in 2017."

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. There are more than 190,000 CFA charter holders worldwide in more than 160 markets.

According to Antoine, there has been immense local support for the industry. "The UAE Government is actively seeking to establish the UAE as a regional and global financial hub," he said. "As part of this strategy, businesses are being encouraged to set up operations in the UAE. This influx of businesses has spurred substantial demand for skilled talent."

There are various factors that have ensured the robustness of the finance sector despite the pandemic and a fast-changing world. "The finance sector has