Jane Street Capital came into prominence in August last year – this is how the New York Times (NYT) describes it: “These dangers were brought home last August, when markets were rattled by China’s decision to devalue its currency; some of the largest E.T.F.s sank by 50 percent or more… a bunch of Harvard Ph.D.s , swung into action with a wave of buy orders. By the end of the day, the E.T.F. shares had retraced their sharp falls.”
In the same article, NYT also describes being able to land a job at Jane Street as nothing short of remarkable: “Jane Street has acquired a reputation for being perhaps the toughest interview in Silicon Valley and on Wall Street. This is in part because the firm hires only a handful of new employees each year. To survive, candidates have to ace brain-twisting math riddles and game theory tests.”
NUS Business School alumnus Wang Tao is one of the lucky few. We caught up with Wang Tao who after obtaining his double degree in Applied Maths and Economics at Peking University, did his PhD at the Business School, graduating in 2013. Of those years, he says:
I spent 5 years in Singapore/NUB B-school for my PhD in finance under the supervision of Professor Jin-Chuan Duan. During that period, I was trained to be an academic researcher on finance through courses, workshops, conferences and a lot of research projects. I finished a number of academic papers either by myself or through cooperation with my supervisor as well as other scholars.
I felt especially proud that a co-authored paper of mine was published in the Journal of Econometrics, a top tier economic journal, before I graduated from the PhD program. I also enjoyed my teaching experience in NUS B-school as I served as teaching assistant or tutor for a number of different bachelor/master level courses. Continue reading →
In space-constrained Singapore where the ratio of cars to citizens is roughly 1 to 10, finding parking lots can be a time-consuming exercise for motorists who have to spend time searching for available spaces or queuing outside car park entrances.
But Neil Mehta (MBA 2015) believes his SurePark parking platform can solve the problem. SurePark involves palm-sized sensors that are placed on the ground of every lot detect the presence of vehicles. These sensors feed data into the software platform to generate reports on the availability of the car park spaces.
Neil Mehta (middle) with his engineers and car sensors
Users can then access the information via the SurePark app, which also serves as a navigational guide to lead the motorist to the exact vacant slot. The app is also able to suggest alternative parking spaces in nearby car parks when the destination’s car park is full.
It was an illustrious list, a coming-of-age list: We congratulate Alumni Quek Siu Rui (BBA 2012) and Chan Yiwen (BBA 2014) on being included in the “Forbes 30 under 30” Asia list. The list highlights 300 of the top young leaders, entrepreneurs and influential figures from 10 different sectors in Asia. Well done!
We spoke to Siu Rui who was nominated under the “Consumer Tech” category.
From left: The Carousell trio: Marcus, Lucas and Siu Rui.
Siu Rui was nominated for his app Carousell which he co-founded with classmates Lucas Ngoo and Marcus Tan. Carousell is a community marketplace that lets users buy and sell everything from fashion, beauty products, furniture, art, books, branded goods, cars, bikes, antiques to houses.
In a speech at NUS Business School’s Gala Dinner to celebrate its 50th Anniversary, Deputy Prime Minister Tharman Shanmugaratnam spoke about the need for Singapore to create an innovative economy and society.
Mr Shanmugaratnam, who is also Coordinating Minister for Economic and Social Policies, spoke about how creativity and innovation can help Singapore earn its place in a constantly changing world.
Some 500 industry leaders, alumni and faculty came together on 28 October as NUS Business School celebrated the finale of its Golden Jubilee at the Leadership Forum & Gala Dinner.
It was a wonderful night of music and friendships at the Liang Zhu Charity Concert held on Sunday 4 October at the Singapore Conference Hall, which also raised substantial funds for students who are facing financial hardship.
It brought together talents from China and Singapore to make music together. Maestro He Zhanhao, one of China’s most acclaimed composers, led a 70-strong youth orchestra from the Singapore-based Chinese Music Academy. He personally conducted his popular “Liang Zhu” or “Butterfly Lovers” violin concerto, which is one of the most recognisable pieces of Chinese music worldwide.
Entrepreneurship is not about wealth, freedom or prestige. There is only one reason to become an entrepreneur: the passion to run one’s own business, according to Kelvin Teo (BAC Hons 2010), Director, Funding Societies.
“You need to be 100 percent sure why you are venturing out. And you believe that you’re better off failing in a start-up than succeeding in a MNC. Then do it and never look back,” he said.
Kelvin left his consulting job at a multinational firm and early this year, he co-founded Funding Societies, a peer-to-peer marketplace for SMEs to secure loans for growth.
Several hundred NUS Business School alumni, students, faculty and staff came together on Friday 4 September to celebrate the 50th anniversary of the nation’s first and most established provider of business education.
Held at the School’s Mochtar Riady Building, six Masterclasses helmed by the School’s distinguished professors were organised exclusively for the Homecoming, to provide participants with insights into various global developments. Topics included the impact of high cost of car ownership, retirement planning, philanthropy, corporate governance, energy conservation with children and conducting business in China.
Ivy Tse Wing Man (top row, centre) with Halogen Foundation Singapore staff
For Business School alumnus Ivy Tse Wing Man (’11), receiving the Lee Kong Chian Global Merit Scholarship as an undergraduate opened up a world of opportunities and gave her the freedom to discover the passion that would shape her future career choice.
The Scholarship – established from gifts from the Lee Foundation and awarded to individuals who demonstrate academic excellence, all-roundness and leadership qualities – gave Ivy the opportunity to throw herself into the many activities on offer at NUS outside the academic programmes.