Singapore is one of the leading financial centres in Asia, making it the ideal location to study for a Post-Graduate Diploma in Finance through TMC Academy.
There are several reasons why Singapore is recognised as a leader in the financial sector; these include:
Its strategic location at the crossroads of major shipping routes provides access to Southeast Asian economies and the markets of China and India.
The ongoing support and assistance provided by the Singaporean government. In 1971, the government established the Monetary Authority of Singapore (MAS) as part of its plan to regulate and run financial services in Singapore. In September 2022, MAS launched its Financial Services Industry Transformation Map 2025 (ITM) to take the financial services sector into the next century.
A skilled Workforce. Singapore has a highly educated multilingual workforce, which is essential for the complex and dynamic nature of financial services.
These are only a few reasons why Singapore is regarded as a leading financial centre in Asia. This position is being consolidated and will continue to grow through the implementation of the ITM.
The MAS projects the financial sector to grow by an average of 4%—5% per annum and create an average of 3,000 – 4,000 net jobs annually until 2025. In the first quarter of 2024, the growth within the finance and insurance sector increased by per cent year-on-year, an improvement from the 5.4 per cent growth in the preceding quarter.
Some of the strategies in the current ITM include:
Digitalising the financial infrastructure. With the implementation of the 5G network and the growth and implementation of AI, digitalising the financial infrastructure to take it into the next century is imperative.
Fostering and developing a skilled and adaptable workforce. The Ministry of Manpower (MOM) is doing this in several ways, encouraging employees to upskill or reskill through programs such as SkillsFuture. MOM and the government are also working with the industry to support the adoption of new technologies and innovative practices to increase the workforce's adaptability.
Increased focus on sustainability and climate change. The financial sector increasingly focuses on sustainability and promoting green finance, attracting environmentally conscious investors.
Remembering that the ITM's flow-on effects go beyond the financial sector is essential. For example, under the previous ITM, more than 20,000 net jobs were created, and 90,000 professionals across various industrial sectors were trained or reskilled.
Given the success of the ITM plans and the current plan expiring in 2025, now is the time to advance your career with a Post-Graduate Diploma of Finance.
How a Post-Graduate Diploma in Finance (PGDF) empowers your career
A post-graduate diploma in finance (PGDF) from TMC Academy provides several benefits for your career in the finance sector. These include:
Comprehensive knowledge. The Graduate Diploma provides a deep understanding of financial principles and practices essential for a successful career in the financial sector. These include financial and investment management, risk management and understanding financial markets.
Specialised skills. These are the skills necessary to navigate complex financial markets, such as knowledge of financial instruments such as derivatives, options, and futures and the ability to do accurate financial modelling.
Career Opportunities. Having a Graduate Diploma in Finance opens up career opportunities in different sections of the finance industry. Examples of the opportunities that are available include:
Financial Analyst. Analysts work in banks, investment firms and corporate finance departments, evaluating financial data and providing investment recommendations.
Investment Banker. This role assists companies in raising capital by issuing stocks and bonds and advising on mergers and acquisitions.
Financial Consultant. Consultants often work for financial advisory firms or as independent contractors advising people and businesses on financial planning, investment and risk management.
Risk Manager. In this role, risk managers identify, assess, and mitigate financial risks for an organisation, such as banking, insurance, and corporate finance.
Financial Associate. The financial associate supports an organisation's financial operations and is often the entry point for new graduates into the finance industry.
Associated with career opportunities is the higher earning potential that comes with a Graduate Diploma.
4. Networking and support. One advantage of studying through TMC is the networking and support provided to students. This support and assistance are offered to students in several ways.
Individual support and assistance from lecturers. The classes are designed as supportive environments for students to participate and contribute to learning.
Pastoral Counselling. This confidential service assists students with academic or personal issues that impact their learning.
Alumni. Being an alumni member is a great way to network with other students and develop supportive links and networks with others across a range of industries. This support is beneficial at both a professional and personal level.
Above all the knowledge, skill, and financial rewards, personal satisfaction and sense of achievement are associated with completing the postgraduate diploma.
Studying a Post-Graduate Diploma in Finance (PGDF)
This program is designed to provide students with advanced knowledge and practical skills in financial management, investment analysis, and corporate finance.
Duration of the PGDF
The post-graduate diploma is offered on both a full-time and part-time basis. Both take eight months to complete.
Entry Requirements into PGDF
There are three entry requirements for the PDGF
1. Age Requirement
The applicant must be 21 years of age.
2. Academic Requirement
The applicant must have a bachelor’s degree. This can be in any discipline, not just finance.
3. English Proficiency
The person must have any one of the following:
Completed prior education (at least two years) with English as the language of instruction and assessment.
IELTS > 6.0
Attend and pass EAP Level 4
Modules of study for the PGDF
Students must complete the following core modules to be awarded the post-graduate diploma.
Accounting
Statistical Techniques for Business
Business Finance; and
Business Economics.
Assessment can include examinations, assignments, presentations, class tests, and/or practical tests.
Given Singapore’s position as one of the leading financial centres in Asia, the successes of both the former and current Financial Services Industry Transformation Map, and the anticipated growth that will occur in the financial sector, it makes sense to empower your career with a post-graduate diploma of finance through TMC Academy. This qualification provides career opportunities and the confidence to apply for and be successful in different finance industry sectors. Most importantly, it gives the satisfaction and self-confidence that comes with making a difference in the organisation you are working with.
For the next step, contact TMC Academy here.
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