Singapore is fast becoming a financial hub. In 2019, a staggering 43% of new fintech startups in Southeast Asia chose Singapore because of its highly educated, tech savvy population, strategic location in Asia and friendly tax regulations.
This makes Singapore one of the top destinations to pursue MS in Finance in Singapore (Master of Science)
In this article, we will dive into the valuable skillset you will gain by pursuing a MS in Finance in Singapore.
Skills you will learn by pursuing a Ms in Finance in Singapore
The finance field can be tough and challenging, but it offers stability and a chance to earn well.
Jobs in accounting field are safe job because taxes will never vanish, and businesses will always need someone to handle their finances.
If you want to get ahead in this field, a MS in finance in Singapore can equip you with the skills you will need to thrive in today’s job market, specifically in 2024.
- Accounting skills
Accounting skills are the key to analyse financial data accurately and effectively. With these skills you can gain a deep understanding of a company’s financial health, identify trends, and even predicting future performance based on past information.
These skills are essential for creating smart budgets, ensure compliance with regulations, and most importantly minimising risks.
In conclusion, accounting skills are necessary for:
- Financial reporting
- Financial analysis
- Budgeting
- Planning
- Compliance
- Risk management
- Strategic financial planning skills
Financial planning skills can help you make informed decision by analysing data and allocating resources effectively to achieve your company’s goals.
A strong understanding of financial planning can help you identify potential opportunities and develop strategies to capitalise on them that eventually helps in company’s financial growth.
- Financial reporting skills
Financial reporting is crucial to a company’s financial health. It gives essential information about a company’s revenue, expenses, profit, and cash flow. This information is crucial for making accurate decisions about the company’s financial future.
To manage these reports, you will need some key skills such as a strong understanding of accounting principles and financial statements including balance sheets, income statements and cash flow statements. That’s not all! It also requires the knowledge of financial analysis tools and techniques, such as ratio analysis and trend analysis to interpret and analyse financial data.
An MS in Finance in Singapore can equip you with these skills helping you to gain a strong grasp of financial reporting.
- Analytical skills
From market trends to company reports, finance deals with a lot of information. Analytical skills help you understand it effectively.
- Project management skills
This skill is important in finance because it involves planning, budgeting, analysing financial data and making informed decisions about resource allocation.
- Communication and interpersonal skills
Communication and interpersonal skills are critical for finance professionals for several reasons.
As a finance professional, you might have to simplify complex financial data to clients, stakeholders, or other team members. For this you need the ability to communicate clearly. Strong interpersonal skills help in effective teamwork.
- Problem-solving skills
From doing complex financial calculations to making proactive strategic decisions, problem-solving skills are important in your career.
- Ethics
Ethical behviour is a core value for any finance professional. Regulatory bodies and institutions have strict ethical codes for a reason, violations can have serious consequences.
- Digital tools skills
You require the knowledge about digital tools needed for financial documentation including tools such as:
- Spreadsheet software
- Accounting software
- Financial analysis software
- Data visualisation tools
- Collaboration tools
In conclusion, these skills are just a glimpse into the many benefits of pursuing MS in Finance in Singapore. This course will prepare you to get a solid foundation for a successful career in finance.
Enroll today!