Students fail to meet admissions standards



DUBAI // Students applying for places at the Dubai branch of an American university have inadequate skills in some subjects and the country must raise its education standards, the university's chief academic officer said. Prof Kim Wilcox, provost of Michigan State University (MSU), said students were leaving secondary school in the UAE with weak mathematics and English skills. Speaking on a visit to the MSU's recently opened Dubai campus, Prof Wilcox suggested that the emirate's educational achievements did not match its image worldwide.

"It's unfortunate that in everything that Dubai represents, it is graduating a number of students from secondary education with such weak mathematic skills," he said. "To an extent, the US is in the same situation, and we're falling further and further behind and we have to raise the bar. It's not finger-pointing. "If I was a citizen of Dubai, I would want my education to be great - students with the English and maths standards to attend a world-class university."

Prof Brendan Mullan, executive director of MSU Dubai, said the university would not lower its entry standards to let in more students. "We came to Dubai with a predetermined set of standards and we're applying those standards and we're not wavering with the students we're admitting," he said. The comments by the two university chiefs coincided with a Ministry of Education announcement that it would introduce sweeping reforms aimed at improving standards in government schools.

As reported in The National yesterday, state schools will focus on problem-solving and creative thinking, in place of memorisation. English lessons will be introduced in kindergartens. Performance standards will be brought in for each stage of the educational process, specifying, for example, the mathematical abilities students should have at each grade. MSU, originally an agricultural college, is the eighth-largest university in the US with 46,000 students. This year, it ranked 83rd in the Academic Ranking of World Universities compiled by Shanghai Jiao Tong University.

It is the first US university to open a full branch in Dubai that will award degrees based on work carried out here. The Dubai campus has so far admitted 54 students, many of them Emiratis. More are expected to join in the current academic year. Prof Wilcox said his remarks were not aimed specifically at private or public schools, although there had been concern that standards in government schools have fallen, causing more than 40 per cent of Emiratis to be educated privately.

Prof Wilcox said the university had a "commitment to the Government" to maintain academic quality here. "It would be easy to have a bigger class by simply changing the programme expectations, reducing the course expectations. We're not going to do that," he said. The fact that the university had enrolled more than 50 students after imposing "a pretty high bar" was "important for the nation". "If Dubai is going to move ahead, we have got to raise the standards. Not just having a university here, but bringing a non-wavering set of expectations is crucial.

"People need to take high school preparation seriously. If you're not adept at maths, that will not just impact on your study, but your ability to attend a leading university." dbardsley@thenational.ae

Ms Yang's top tips for parents new to the UAE
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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