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​New NTU master’s programme to train more talent for Singapore’s expanding asset and wealth management sectors

Published on: 19-Apr-2018

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Nanyang Technological University, Singapore (NTU Singapore) will launch a new postgraduate programme to cater to the growing demand for highly-trained expertise in the asset and wealth management sectors.

​​Jointly developed by NTU’s Wealth Management Institute (WMI) and NTU’s Nanyang Business School (NBS), the new Master of Science in Asset and Wealth Management will prepare students to be job and future-ready, and equipped with strong ethics and a global outlook.

The programme includes classes to be conducted in Singapore, London and New York, in collaboration with Imperial College London’s Business School and New York University’s Stern School of Business. The overseas modules, which last two weeks, will incorporate lectures from global experts and study visits to leading financial institutions, in order to expose participants to international thought leaders.

Offered through the WMI, the programme will feature two specialisation tracks – in asset management and in wealth management. This will provide the programme with the necessary breadth and depth to groom a core of talent that caters to Asia’s rising demand for asset management and wealth advisory services.

A unique feature is the strong emphasis on linking work to study, with internships and work-related projects as compulsory components of the degree programme.

The programme’s inaugural intake is in January 2019, with a second cohort beginning in July 2019.

NTU Provost and Vice-President (Academic) Professor Ling San said, “This new programme draws on WMI’s domain expertise in wealth management education.  It is also timely to re-visit the skills and expertise required of wealth managers at this juncture when rapid technological disruptions are impacting financial services on all fronts. The Master’s degree will be cross-disciplinary, tapping NTU’s globally renowned strength in artificial intelligence, data science and computing technologies, as well as social science and psychology.

“Designed to groom a new generation of highly skilled wealth and asset managers, this program provides an excellent platform to nurture a critical mass of future leaders for the industry.” 

WMI Chairman and a member of NTU’s Board of Trustees, Lim Chow Kiat said, “We believe that a quality wealth management education must emphasise trust-building which requires a strong foundation in competency and ethics.

“WMI is well-positioned to help our professionals, their clients and their employers deal effectively with the challenges of wealth management.  We can then take advantage of the expansion of Asian economies, the strength of Singapore as a leading financial centre and the promises of technology.”


By the industry, for the industry 

The Master of Science in Asset and Wealth Management was designed and conceptualised with inputs from the industry to be relevant to the asset and wealth management sectors’ talent demands.

Faculty from the NBS, as well as from other NTU schools including computer science and engineering, and the humanities will conduct the programme, while the WMI will tap on its network of thought leaders and senior practitioners from the asset and wealth management industry.

Classes will take place on alternate weekends, enabling easy participation by working professionals, as well as flexibility of year-round internship placements. Students unable to fulfil the internship requirement must complete a market-relevant project that is approved and supervised by a faculty member.

Students can do the programme in modules, and can complete it in a year, or within three years, whilst continuing to work full-time.

The programme has received strong industry support from corporate partners.

It has also been structured to align with the industry skills framework established by the Institute of Banking and Finance Singapore (IBF). In addition to the Master’s degree, graduands will also receive the relevant industry accreditation and certification for practice.

Course subsidies of up to 90 per cent for IBF-accredited modules will be available to Singapore citizens and permanent residents. The programme also qualifies for Monetary Authority of Singapore’s Financial Scholarship Programme that aims to develop specialist skills to support the long term growth of Singapore’s financial services sector.

WMI CEO Foo Mee Har said, “In line with Singapore’s projection of strong growth prospects in international wealth management and fund management under the Financial Services Industry Transformation Map, WMI will intensify efforts to deepen the talent pool to provide high quality wealth advisory solutions and develop asset management capabilities.
 
“So far, about 20 financial institutions are committed to providing internships and sponsorships to promising employees attending the Master of Science in Asset and Wealth Management, and more financial institutions could come on board.  These collective efforts by the industry to groom valuable talent will help ensure sustained growth and success for the industry.”

The asset management and wealth management sectors in Singapore and Asia have experienced strong growth in recent years.

From 2006 to 2015, the Asia-Pacific wealth management industry grew 106.4 per cent to US$17.4 trillion, and is expected to continue growing by another 142 per cent to reach US$42.1 trillion by 2025, surpassing North America and Europe.

In the Monetary Authority of Singapore’s 2016 annual asset management industry survey, Singapore’s assets under management grew by up to 7 per cent to S$2.7 trillion in 2016, and 105 per cent since 2011.


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Media Contact:
Tan Yo-Hinn (Mr)
Assistant Director
Corporate Communications Office
Nanyang Technological University, Singapore
T: +65 6790 4889
Email: yohinn@ntu.edu.sg


About Nanyang Technological University, Singapore

A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and its Interdisciplinary Graduate School. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London.
 
NTU is also home to world-class autonomous institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering – and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI) and Energy Research Institute @ NTU (ERI@N).
 
Ranked 11th in the world, NTU is top in Asia and has been placed the world’s top young university for the past four years. The University’s main campus is frequently listed among the Top 15 most beautiful university campuses in the world and has received 57 Green Mark awards (equivalent to LEED-certified), of which 54 are Green Mark Platinum. NTU also has a campus in Novena, Singapore’s medical district.

For more information, visit www.ntu.edu.sg.​

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