Honorary doctorate for Sarabjit (Sabi) Marwah from Ryerson University


Honorary doctorate for Sarabjit (Sabi) Marwah from Ryerson University

I am Sabi Marwah, vice chairman and
chief operating officer of the bank and I’ve been at Scotia Bank for most of my career. When I first came to Canada, I wanted a job and I just wanted any job and I have a
master’s degree in economics and an MBA in finance and obviously I want something in my sphere, either economics and finance, so I sent out a lot of resumes and had lot of rejections like any other graduating student who arrived here. The first job I got actually was in Manulife
as a systems programmer even though I knew very little about programming in
those days but I knew enough to really say that they should try and take their chances on me and they did and about 6 months later, Scotia Bank made me an offer
that was exactly in my field. It was in finance and as part of the chief financial officer’s domain and I took it and it’s been a great journey since. I think I was very fond of numbers and
I tell everybody that if you don’t like numbers, you shouldn’t really be in finance
and accounting. I very much enjoy numbers. My undergraduate was in Econometrics – economics and specialization in econometrics, so is my master’s.
I like numbers and I’m very quantitatively oriented and so numbers were my passion and
hence finance seemed to be logical extension of that. First of all, I must say it is a humbling
experience. I look at the other honorary doctorates that received the degrees.
I look at Margaret Atwood and Valerie Pringle and many others that I do know. and I think “My God, they’ve accomplished so much
more than me”, so and in that sense, it is very very humbling
and uh… and but on the other hand it is a culmination of of my academic training in a way. You know I was
working towards a PhD in economics before I
switched over to do an MBA. So I said one day I’m gonna go back and finish that
PhD, so now I’m less working… less What shall we say… less insistent that I would
do that, maybe I’ll go back and do a real PhD one of these days. I think the main message is really two
fold. One is that uh… economically the world is changing. I
think the statistic I use was one by Goldman Sachs that really said that you know in the next fifty years, today out of the seven world’s greatest economies,
six are in the developed world and only one, China, is in that seven. In 50 years, China… there’s gonna be only one from the
developed world left in that seven. All the rest are going to be the new economies
today, so that world is changing. So we’ve got to find, along with that
economic change, that is going to take place, there’s going to be fundamental
changes from the social side and the
political side, and there’s going to be upheaval, so
that world is going to change all the time – that was gonna be
important for us. And as Canadians I think there’s a huge
opportunity for us because our students that graduate – the students of Ryerson today, you know, they deal with each other – the kids there from hundred plus countries – they’re
used to dealing with each other; learning from each other and as part of
that interaction with diverse cultures they have a, what I would call, a profound insight into
the social… the social interaction that takes place and
the cultural differences and they can deal with it and hence they have a huge advantage
so, the world outside is going to change, so, we’ve got to adapt to that world and we’re
very well equipped… our students are very well equipped to really deal with that and I think it’s tremendous
opportunity. So, what I encourage is really go outside your boundaries, do things differently
because they are Better equipped than most other kids I know
graduating from universities to cope with that changing world. If there’s one line that I would leave with people is that much more is
possible than they think. And uh… but only if you go beyond your
boundaries and by boundaries I don’t just mean your personal boundaries. I do
mean your personal boundaries but also, you’ve got to go outward; you’ve got to continue to
learn; you’ve got to push yourself into areas that are beyond your comfort zone. If you
don’t go beyond your comfort zone, you won’t grow, you won’t learn and… if you push yourself beyond your boundaries, a lot more is possible than you think it is
and that’s what I encourage them to do. Push yourself beyond your boundaries, beyond your comfort zone.

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5 thoughts on “Honorary doctorate for Sarabjit (Sabi) Marwah from Ryerson University”

  1. troy wright says:

    Congratulations on your achievements and this Honorary Doctorate!
    Troy Wright

  2. Bangla Baba says:

    Mayor of Mississauga deserves a honorary Phd. For God's sake..please!

  3. Bangla Baba says:

    Hazel McCallion should be awarded

  4. Bangla Baba says:

    and Ryerson..expand in Mississauga ..campus 2

  5. Wajid Nawaz says:

    Congrats Sarabjit on your great achievements and thanks for sharing awesome tip for success …

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