Singapore has become one of the most popular spots for students pursuing higher studies in finance. Singapore has developed as a finance education center due to its outstanding infrastructure, robust economy, and world-class educational institutions.
This blog focuses on providing students with a comprehensive guide to studying finance in Singapore.
The finance industry in Singapore: An overview
Singapore is widely considered a global financial hub, drawing many multinational corporations and financial institutions to establish regional headquarters there. Singapore's financial industry contributes considerably to the country's economy, amounting to more than 13% of the country's GDP in 2021.
Singapore's financial industry is diverse, covering banking, asset management, insurance, and fintech. With over 200 banks from over 30 countries operating in Singapore, the country's banking industry is one of the most evolved in the world.
In addition to standard banking services, Singapore is a market leader in asset management.
Numerous worldwide asset management businesses have set up shops in Singapore, with services ranging from capital management to hedge funds.
The finance industry in Singapore offers a diverse range of opportunities for finance professionals, making it an ideal destination to study finance.
Top universities in Singapore for finance studies
Singapore is known for its high-quality higher education and is home to numerous renowned institutions offering finance courses. These institutions provide a comprehensive curriculum that emphasises offering students a solid foundation in finance and preparing them for successful careers in the sector.
Here are some of the top universities in Singapore for finance studies:
- National University of Singapore (NUS)
- Nanyang Technological University (NTU)
- Singapore Management University (SMU)
- Singapore Institute of Management (SIM)
These institutions are well-known for their excellent educational standards, skilled faculty, and strong industry connections. They also give students chances for hands-on study, internships, and networking, all of which are necessary for a successful career in finance. Students can also find ample opportunities that allow them to work from their student accommodation to manage their studies and internships effectively.
Opportunities for practical learning and internships
Singapore is well-known for its robust financial industry, which makes it an excellent study location for finance students seeking hands-on experience and internships.
Many universities in Singapore have joined hands with top financial institutions and organizations, providing learners with numerous opportunities for hands-on learning. These connections allow students to take part in internships, job shadowing, and mentorship programs that offer them real-world experience and valuable insights into the finance industry.
The country also boasts a vibrant start-up environment, which offers useful opportunities for finance students to gain practical experience. Students can get engaged in these start-ups by working on projects from the office or their student housing and gaining deep expertise in risk management, financial modelling, and investment research.
The Singapore government also provides a number of initiatives to assist students seeking practical learning and internships. The government's SGUnited Traineeships Program is an excellent example of such an endeavour.
It provides traineeships for new graduates to work in a variety of industries, including finance. The initiative pays a monthly stipend and gives students valuable work experience in their profession of choice.
Career prospects for finance graduates in Singapore
Career prospects for finance graduates in Singapore are up-and-coming. Singapore's well-established financial industry has grown steadily over the years, leading to an increasing need for finance professionals in the country.
Graduates with a finance degree from a recognized board or university in Singapore are in great demand by organisations in the finance industry. The Singapore government has also taken several steps to expand the financial industry further, which has increased job prospects for finance graduates.
Some of the most common job paths for finance graduates in Singapore are investment banking, corporate finance, wealth management, financial planning, and risk management.
Conclusion
We hope this article helps you to understand why Singapore is one of the most popular destinations for studying finance. Students studying in Singapore not only have the chance to receive a world-class education but will also have the opportunity to network with business leaders and gain experience in the Asian financial market.
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Author's Bio: Archit is an avid writer who is keen to get his doctorate. When not writing, he can be found reading, taking the metro and then questioning this decision, and haunting local bookstores.
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