Interview with Master's degree student - Johdi Satyagraha Boediono

An International student from Indonesia, Jodhi is currently studying for an MSc in Islamic Finance at the University of Dundee. 

What is your full name?

My name is Johdi Satyagraha Boediono

What is the name of your course?

I am studying MSc Islamic Finance.

Why did you decide to pursue a Masters?

I decided I wanted to pursue a Masters degree while I was working as a central banker in Indonesia. I wanted to further my understanding in the field of Islamic finance.

Why did you decide to study Islamic Finance?

Indonesia, where I come from, is one of the biggest Muslim countries worldwide. It has enormous potential for Islamic Finance and economics. As a central banker, I am eager to contribute more to developing Islamic Finance and economics in Indonesia. 

What did the application process involve?

I had to meet the minimum Graduate Record Examination (GRE) and IELTS. I also prepared a personal statement and recommendation letters from two of my supervisors.

How does studying for your Masters degree differ from undergraduate study?

At Masters level you are required to be more critical than in undergraduate study. Assignments are made up of more case studies and critical reviews. Occasionally, we also have group assignments so that our teamwork skills are tested.

Tell us a bit about your course and what it involves.

The MSc Islamic Finance programmes contains a variety of modules. There are eight modules in two semesters, plus one summer project. Some of the general finance modules I have studied include Econometrics for Finance, Global Financial Markets, and Risk Management in Banking.

Meanwhile, the Islamic finance modules include Islamic Moral Economics and Finance, Islamic Commercial Law and Financial Transactions, and Applied Islamic Banking and Insurance.

What has been the highlight of your Masters degree? 

The highlight of my course is how engaging the coursework is, most of the modules demand active learning, including reading the assigned material for classes. Also, the various forms of assignments, such as case studies, critical reviews, group assignments, and final exams.

What are the challenges?

I faced various challenges. This is because assignment due dates and exam dates are close together, and I had brought my family with me to live in Dundee, which demands family time, and was also offered part-time work outside of my studies. All these situations required the ability to manage my time and set priorities.

How are you funding your Masters?

I received a scholarship from the University of Dundee. My employer handled the rest of it as a sponsorship.

How will the course help your career?

A further understanding of Islamic Finance would support my role as a central banker in supporting the development of Islamic Finance in Indonesia.

What are your career ambitions?

I want to contribute to the development of Islamic Finance and reduce social inequality in Indonesia.

What do you wish you’d known before embarking on Postgraduate study?

I wish I had a clearer picture of what Islamic Finance is like, the obstacles faced in its development, and how to develop it.

What advice would you give to others starting a Masters?

1. Manage your time to prepare for the requirements of postgraduate study.
2. Prepare for the financial commitment.
3. Engage in conversations with former students to gain invaluable insights into how to prepare for university, including studies, finding accommodation, and other living needs.