You’ve probably heard of finance and have a vague idea of what it is. But have you ever thought about what a finance degree in Singapore could teach you? If you are reading this, you are probably already interested in pursuing a finance career or just interested in finding out more about the industry. You might be a math or statistics whiz, and you might have friends who are also considering pursuing a finance degree. Or maybe you just want to increase your chances of landing a job after you graduate. If you answered ‘yes’ to any of these, then a finance degree might be right for you. Here are 5 good reasons why you should pursue a finance degree in Singapore.
You’ll learn about the industry
Finance is a pretty popular subject and is often talked about in the media, so you might have heard of it. But what are people really talking about when they talk about finance? A finance degree in Singapore will teach you more about the financial markets, how to manage finances for companies, trends that affect your investments, and more. This gives you insight into the industry that you wouldn’t get anywhere else. A lot of people don’t know what it means to be a finance professional or what they do on a day-to-day basis. It can be tempting to pursue an MBA or an accounting degree if you want to work in finance. But most people who go into accountancy typically want to become a CPA (Certified Public Accountant) eventually. An accounting degree doesn’t necessarily teach you how the financial market works – it teaches you how to be an accountant and do tax filings for companies. If your goal is to work with companies that require financing, then it would make sense for you to pursue a finance degree as opposed to something else.
You’ll learn how to analyze data
Analyzing data is a key skill in the finance industry. For example, in order to work out what the best investment strategy is for a company, you need to analyze data. The more data you can analyze, the better your chance of making the correct decision. A finance degree will teach you how to process and understand data so that you can make decisions based on facts rather than gut feelings or hunches.
It will help you see the big picture
Finance is a multifaceted topic. If you have a finance degree, it will cover topics like accounting, financial planning, investment banking, and more. When you study finance, you become specialized in the different areas of it. You’ll be able to see the big picture and the individual parts that make up that bigger picture. This can come in handy for your career because you will be able to identify any problem before it becomes too severe. For example, if an investment goes sour and there are losses on the company’s books, a finance degree would allow you to anticipate those losses and plan ahead so they don’t snowball out of control.
You’ll learn how to think like a financier
A finance degree is a lot more than just learning how to crunch numbers. You will learn key concepts like time value of money, risk management, and economics in your finance degree. You’ll also learn how to think like a financier. This might not seem so exciting at first, but when you think about the fact that there are only 250,000 people in the world who have obtained this level of expertise, it becomes clear why it’s so valuable.
You may be wondering if the cost and time it takes to get a finance degree in Singapore is worth the investment. That’s a valid question, especially in Singapore where a degree is not required for most finance jobs.
If you want to pursue a career in finance then the answer is yes, it’s worth it.