Excerpted from the Singapore Career Guide
Singapore has become the world’s fourth largest financial center, behind Hong Kong, New York and London. more than 600 local and foreign financial institutions. The financial services industry currently contributes more than 13 percent of Singapore’s GDP and employs 5.4 percent of the country’s total workforce, according to Contact Singapore (http://www.contactsingapore.sg), an alliance of the Singapore Economic Development Board and Ministry of Manpower. Over the years, the financial services industry has expanded to include areas such as wealth and asset management, equity and bonds, foreign exchange and derivative markets. Today, Singapore is one of the most established capital markets in the Asia-Pacific, and the Singapore Exchange (SGX) is the preferred listing location of close to 800 companies.
Areas of Job Promise
Accountancy and finance: The greatest demand is for expertise in cost, regulatory, product control and corporate governance, although there will be job opportunities in all areas. Driven by new regulatory guidelines and Basel 3 requirements, regulatory reporting, capital reporting and Basel continue to be “hot areas and niche skill sets in these areas are in high demand,” according to Hays. Product control continues to be a fluid area. In commerce and industry, most vacancies are in the pharmaceutical, agriculture, information technology, manufacturing, construction and property industries. Hays predicts the coming months will see “a return to a healthier recruitment market.” However, employers often choose internal candidates in an effort to avoid bloated relocation expenses, expat packages and big cost increases.
Corporate finance professionals: Big four accounting firms (Deloitte Touche Tohmatsu, Pricewaterhoue Coopers, Ernst & Young and KPMG) and commercial businesses in Singapore are eager to hire corporate finance bankers with Asian M&A deal experience...more
Organizations and Trade Associations
Association of Chartered Certified Accountants (ACCA)
ACCA has a long history in Singapore, tracing its origins back to 1936.It has statutory recognition under the Accountants Act of 2004 and an exclusive relationship with the national accountancy body ICPAS. All students who successfully complete ACCA’s examinations are eligible to apply for membership to both bodies. ACCA also works with a number of employers in Singapore under the ACCA Approved Employer program. There are approximately 9,900 members and affiliates in Singapore.
Association of Chartered Certified Accountants
435 Orchard Road
#15-04/05, Wisma Atria
Tel: +65 6734 8110
Fax: +65 6734 2248
Singapore Venture Capital And Private Equity Directory
Supported by the Singapore Economic Development Board, the Singapore Venture Capital and Private Equity Directory serves as an important tool in linking the investing community with businesses. The directory provides a definitive reference list of venture capital and private equity investors in Singapore. This annual publication is also a useful reference guide to venture capital and private equity professionals, as well as to the larger community of entrepreneurs, informal investors, consultants, legal advisers, financial institutions, foreign embassies and trade associations.
14 Robinson Road
#07-02A Far East Finance Building
Tel: +65 6224 7001
Fax: +65 6224 6772
This is just a short sample of what you’ll find in over 100 pages of information in the complete Singapore Guide.