The banking industry is undergoing massive changes. Financial institutions now have to deal with increased regulations after the 2008 global financial crisis, rapid and disruptive technological advances, as well as the emergence of big data and social media. Despite these changes, keeping the interests of customers at heart and providing them the best service should still remain the basic guiding principle for banks. This is according to the titans of Asia’s financial and banking industries who came together for the 6th Wee Cho Yaw Singapore-China Finance and Banking Forum held on 25th July at the Four Seasons Hotel, Singapore.
The following is a guest post from fourth year undergrad Jerome Tan, fondly known as the ‘serial winner’ of several competitions that our students have participated in. Jerome has taken part in eight international competitions up to now; he made it to the finals in six of them, and won five. His favourite? The Sauder Summit Global Case Competition in Vancouver. Here’s more from Jerome:
It always begins the same way: the euphoria of being selected, the excitement of meeting new teammates, the exhilaration of learning about a new country. All too quickly though, one gets dragged back down to earth. Overnight training on weekends becomes the norm, and the prospect of having to keep pace with academics while missing an entire week of lessons becomes more daunting as the dates draw nearer. There have been semesters where I was literally on campus every single weekend for something case-related — all this of my own free will and volition.
Benjamin Franklin said, “Tell me and I forget, teach me and I may remember, involve me and I learn.” This teaching philosophy has inspired one of the School’s core initiatives: the NUS MBA Management Practicum.
Part of the NUS MBA programme, the Management Practicum (MP) is one of the key initiatives for the School. MBA students take many different courses to develop understanding of business fundamentals. But how do they fare, when faced with real-life business challenges? The MP allows our students to apply theories and concepts they learn in the classroom, to real-life business issues, all through extensive, hands‐on consulting projects. Led by Adjunct Professor Sheila Wang, teams of three to four students work with a corporate partner of the School to solve business issues and recommend a business plan, all under the guidance of a faculty supervisor.
It’s not every day that our students get to work with their counterparts from Computer Science and Engineering to solve a common challenge together. The NUS Financial Analytics Competition held on January 18 offered just that: an opportunity to learn and create value by working in cross-functional teams.
The Asia-Pacific has weathered the storm of global financial crisis of 2008 well, and with almost half of the world’s total GDP expected to come from the region by 2040, this century is poised to be the century of Asia, according to William H. Strong, Co-CEO, Asia-Pacific, Morgan Stanley. He was speaking at a talk organised by the School as part of Leadership Dialogue Series.
Did you know that innovation is a strong feature of our community and a core value of our school? The following is a guest post by Christian Halberg, an NUS MBA student who perfectly embodies the school’s entrepreneurial spirit. His team got global recognition recently for an innovative product. Read more from him:
My work & my passion: Ezmon Technologies
In the age of digital information, people want to know more about their own personal health through quantified statistics. Ezmon – short for “easy monitoring” – is a 100% NUS team with an ambition to develop a wristband device for personal health monitoring.
Ezmon META will be able to measure your heart rate, body temperature, and activity rates (e.g. calorie burn) like many other products currently do. What we are seeking to do differently is to develop a killer app: a new technology which enables the user to measure their blood glucose using infrared light rather than having to prick themselves multiple times a day.
A recent survey by the Institute of Policy Studies in Singapore to measure attitudes of Singaporeans towards mandatory National Service (NS) showed that one woman in 10 is willing to volunteer for NS two years for National Service. The survey sparked some discussion about whether the playing field should be levelled and if women need to serve in the armed forces.
The news brought to the surface the issue of gender inequality and in a broader context, the relatively low rates of female representation at the top levels of business in Asia. Reports such as McKinsey’s Women Matter or the report (study) by our very own Centre for Governance, Institutions and Organisations (CGIO) report indicate that gender diversity is not a business imperative for many Asian companies today.
We spoke to Chung Yuen Kay, Adjunct Associate Professor at NUS Business School, who is also one of the instructors in our Women in Leadership Executive Education programme, to get her insights into issues related to women and leadership
Weakness in the US and European economies has given rise to new trends in business education. According to the latest MBA Applicant Report from Quacquarelli Symonds (QS) and a recent Business Week article, MBA applicants are increasingly targeting b-schools in stronger economies. Brighter job prospects in Asia are also drawing more international MBAs from the West. With these changes afoot, the need for an international MBA to increase competitiveness in a global marketplace has never been more compelling.
So what do these emerging trends in a shrinking world mean to you, an MBA aspirant from the West? We sat down with an American student Brian Atlee, an NUS MBA alumni (2012), to find some answers as to why he chose to travel half the world to do his MBA in Asia.