The Masters in Finance (MIF) qualification is gaining traction in Singapore, a city where mid-career banking professionals have traditionally preferred MBAs. But given the wide range of Masters in Finance courses now available locally and globally, where should you study if you want an MIF that will actually get you a better job or otherwise boost your finance career in Singapore?
To find out, we searched our CV database for finance professionals in the Republic who have a Masters in Finance to their name as at January 2020, and we looked at which business school they attended. We then ranked the 15 most popular of these universities (the data set was too insignificant below number 15). The Masters in Finance popularity table below shows the percentage of Singapore-based MIF graduates (from the overall total for the 15 universities combined) who went to each school.
Because the MIF has only recently emerged as a mainstream qualification in Singapore, our data set is not yet large enough to examine the business functions of MIF graduates or the firms they work for. But the numbers do show which MIF are the most popular with people currently working in the Singapore finance sector.
What are the most popular Masters in Finance in Singapore?
Spending tens of thousands of dollars to study abroad is not the only way to get an MIF that will lead to employment back in Singapore. The top-two qualifications in our Masters in Finance ranking are from Singapore Management University and the National University of Singapore.
Meanwhile, just over 60% of Singapore-based MIF grads (who attended one of the top-15 schools), studied locally – either at a domestic college (SMU, NUS, and Nanyang Business School) or at a Singapore campus of an overseas institution (INSEAD, University College Dublin, ESSEC, and Grenoble School of Business).
If you do want to leave Singapore for your Masters in Finance, there is one clear choice: London. The four most popular overseas-only courses (London Business School, London School of Economics, Imperial College, and Cass) are all based in the British capital.
MIF programmes are more established in the UK and Continental Europe than they are in the US, although the highly regarded course at MIT Management Sloan School has made our Singapore Masters in Finance ranking. Despite a plethora of Hong Kong schools offering MIFs, only one – from the University of Hong Kong – is popular among finance professionals based in Singapore.
The 15 most popular Masters in Finance programmes among people working in Singapore financial services
Photo by Hannah Wei on Unsplash
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