The Wall Street experience – living the crash minute by minute

Ben Hick graduated in October 2015 with a degree in International Financial Services. He recently started as a trainee fund administrator at Elian Global. Ben's blog focuses on the fast-paced and gripping Anatomy of the Financial Crisis module lectured by Paul Groden.


I think that it is fair to say that going into the "Anatomy of the Financial Crisis" module, we all thought that we had a good understanding of the 2008 Global Financial Crisis (GFC) but from the first lecture it was clear we couldn't have been more wrong. 

The GFC is certainly not the most simplistic topic on the degree, particularly when you are trying to argue a case for its most important causal factor; however, the structure and clarity of the course allowed us to build a foundation on which to be base our arguments, a key component of the topic's assessment.

As we began to outline what we were going to cover over the 9-week term, it immediately became clear that we had not only barely scratched the surface in the modules leading up to the topic, but we also had a lot to learn in a very short space of time.

Enter Paul Groden, Senior Manager at Standard Bank and GFC guru! I cannot praise him enough for the delivery of this module as he had a fantastic ability to bring the crash to life, making us feel as though we were living it minute by minute, whilst never rushing the content and always keeping within the 2-hour lecture slot.

His knowledge of every aspect of the crash proved priceless when it came to both assignments and the main exam (which certainly would have been a lot harder with him!); I can't remember him ever not being able to answer one of our, often over-complicated, questions.

This certainly was, without a doubt, one of the most interesting topics on the course and very topical as we are still feeling the effects of the crash today.