headhunt - executive education guide

News-BitesNews-Bites• Higher funding support for training

• Learn to manage risksp6

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Get a Masters degreep16

Why Must You Upgrade?Why Must You Upgrade?What should be your next

step forward?p10

is a free recruitment paper targeting executives. It is published fortnightly and available at selected MRT stations, Delifrance, Dome, Fitness First, OBriens, Polar, Spinelli, Shell Petrol Kiosks, The Sandwich Shop, The Soup Spoon, Harry’s Bar, selected Country Clubs & www.headhunt.com.sg.

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Benefi ts of UpgradingCompetitive edge: Be the opportunity seeker to reach further and push harder. By continuing your education or developing some new set of skills so you can have a broader palette of qualifi cations to offer a potential employer or client. In other words, upgradation will help youre-invent yourself to stay on top and remain competitive in today’s economic climate.

Higher salary or a promotion: Research across the globe indicates that pursuing a higher education programme is crucial for career advancement. A majority of professionalsbelieve that holding a higher education degree gives a working professional a betterchance to a quicker promotion, not to forget a fatter compensation package.

Relevance: Upgrading your skills to the immediate next level is often simpler andless expensive than holding back and being forced to upgrade several levels at once.By ensuring that your skills are relevant to the industry as technology improves and market demands and expectations change, you will always be one step ahead of your colleagues.

Resume: Skills up-gradation will add in a few more bright feathers to your cap when you position yourself for the next job within or outside your existing employment.

Networking: Needless to say, the institute you join to upgrade your existing skills will provide you an exposure and an additional platform to network with industry experts, business contacts and expand your chances to be noticed within the industry.

Nanyang Technological University

SMa Institute of Higher Learning

News-Bites

Aalto University

Chicago Booth

News-Bites (Cont)

Why Must You Upgrade

MDIS

NUS Business School

Kaplan

Want a Trump Card?

Nanyang Technological University

National Institute of Education

Manchester Business School

Want a Trump Card? (Cont)

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Learn to manage risksThe NUS Risk Management Institute (RMI) recently hosted its Fourth Annual Risk Management Conference at Singapore. The topical theme of the conference was ‘The Risk Management Paradigm in the Post-Crisis Era.’ The event which drew over 350 delegates from the fi nancial sector, central banks, regulatory agencies, academia and think tanks highlighted the release of the beta version of RMI credit ratings system. The project operates on a unique approach whereby RMI builds and maintains the research infrastructure with

1) a comprehensive database of over 20,000 currently listed Asian fi rms from 12 Asian economies, and around 5,000 delisted fi rms which includes over 1,600 defaulted or bankrupt fi rms since 1990,

2) an advanced IT system with both grid and parallel computing capability.

Researchers have to compete to get their models adopted for the RMI ratings. This approach is a timely amalgamation of the best research ideas, where the rating methodology is allowed to evolve organically. A global call for proposals has been conducted and the 11 winning research teams plus an RMI internal team have been working on their different rating models. The beta version based on a forward intensity model was rolled out at the conference. However, it was also noted that credit analysts may also have valuable soft information regarding the fi rms under their coverage. Hence, RMI has conceived the Credit Analyst Survey to assemble such information and help improve credit analysis. The survey’s results will be made available only to survey participants for now to encourage greater industry participation.

Productivity boost by SMaSingapore Manufacturers’ Federation (SMa) recently unveiled a series of plans to support the nation’s productivity movement. Deputy Prime Minister and Minister for Defence, Mr Teo Chee Hean announced a joint initiative between SMa and WDA to kick-start the fi rst professional qualifi cation on productivity and innovation for managers. The fi ve-month programme, targeted at small and medium enterprises (SMEs) and staff of the professionals, managers and executives level (PMEs), will offer a total solution comprising training and project implementation to raise enterprise productivity. To encourage SMEs to sign up for this training programme, WDA will also subsidise funding of up to 90% course fees to defray part of the training costs. The programme includes a mentorship component critical in ensuring success of productivity implementation. Overseas experts will be brought in to provide an international perspective to the course contents and syllabus.

Higher funding support for trainingLow-wage workers can enjoy higher course fee funding, cash awards and greater support when they upgrade their skills. The Workfare Training Support or WTS is estimated to cost the Government about $190 million over three years. According to this newly launched scheme, Singaporeans aged 35 and above, who earn $1,700 a month and less, will receive higher course fee funding of up to 95 per cent when they sign up for Workforce Skills Qualifi cation (WSQ) training courses at Continuing Education and Training (CET) Centres.

Furthermore, employers will also enjoy similar levels of course fee support when they send their low wage workers for training. In addition, they will receive higher Absentee Payroll to offset the salaries of these workers when they are away at training.

Training Commitment Award • Low-wage workers eligible for Workfare Income Supplement (WIS) can receive a Training Commitment Award of $200 in cash for every two WSQ modular Statements of Attainment or a full WSQ qualifi cation they attain within a year. • The award will be paid automatically with the workers’ WIS payout. The fi rst payout will be in September 2010. • A low-wage worker can receive up to a maximum of $400 each year for the Training Commitment Award.

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The Renaissance of Executive Education

Executive education, on an international scale, has been changing rapidly with increasing standards. This is fueled by forces of globalization and revolutionary advances in technology. These have interactively produced new paradigms for fi rms operating globally.

In the arena of executive education, there are customized training that focuses on developing company managers and open enrollment training that involves the development of individuals.

In the past, education for companies simply meant sending employees off to training to upgrade their skills and knowledge. This is no longer suffi cient.

Especially so, when companies encounter constant changes and shorter employment relationships. These have led to the decimation of competence at an increasing pace. How do executives develop their core competence in order to stay competitive? Have executives got what it takes to manage the dynamics of strategic manoeuvre to react, defend and let alone consolidate the company’s customer bases? Companies are specifi cally looking for fast and visible results. The old school general business management training has now given way to specialization.

Research shows that purely instructor-led training based on ready models is the least successful. Overwhelming listeners with information during a one-day seminar is

often a complete waste of time. The ‘problem-based learning’ approach has produced signifi cantly good results. Companies should nurture a culture that training platforms are used by participants to discuss their problems openly. This meant getting out of their comfort zones and thinking out of the box. Discussions facilitated by the trainer may produce excellent joint solutions or outcomes. However, this is not a means to an end. When new ideas emerge, the company who has invested should try ways to put these into practice. Good ideas are unfortunately too often left on the table.

Aalto Executive Education Academy has developed numerous programs for companies with the aim of not only developing executives but also cultivating a conducive environment for the birth of innovative ideas and solutions. These are delivered through its fl agship Aalto University Executive MBA program as well as its their management development programs. Ms Stiina Vistbacka, Group Managing Director for Aalto Executive Education Academy, commented: “Continuous renewal is a necessity in executive education, but equally important are revolutionary innovations and breakthroughs in the tools and methodology and thinking behind the development of each executive. The birth of Aalto University signifi es for us a commitment to spearhead this renaissance in executive education.” Do you see past the tree and take in the whole forest?

This article is contributed by Aalto Executive Education Academy. Aalto Executive Education Academy offers its fl agship part-time Executive MBA in Singapore as well as executive development training solutions for companies in Asia Pacifi c.

EMBA AaltoUniversity

Aalto University Executive MBA“Continuous renewal is a necessity in executive education, but equally important are revolutionary innovations and breakthroughs in the tools and methodology....”

T: +65 6339 7338 • E: [email protected] • W: www.aaltoee.sg


Chicago BoothFounded in 1898, the University Of Chicago Booth School Of Business is a Nobel Prize – winning powerhouse. It is recognized globally for producing world-changing ideas and extremely well prepared graduates.

Chicago Booth is known for its world-renowned faculty, which includes faculty members who are Nobel Laureate winners. It is also the fi rst US business school to have had 6 Nobel Prize winning faculty members.

Through its Center for Decision Research, Chicago Booth was the fi rst business school to emphasize behavioral decision-making in its MBA and doctoral programs. It is also the fi rst business school to offer a Ph.D. program in business back in 1920. And it is also the fi rst to offer an Executive MBA program back in 1943.

The Chicago Booth Asia campus in Singapore opened in 2000 attracts executives from all over Asia and other countries to its Executive MBA program. It is housed in a 130+ year-old historical landmark and is equipped with the latest state-of-the-art facilities. The Asia campus boasts a lecture hall which sits about 90 students, 25 fully-equipped study group rooms, a “Nobel Laureate Hall of Fame” function room, as well as an elegant and exquisite glass-walled student lounge.

The part-time Executive MBA program prepares high-potential managers and experienced professionals for positions of greater responsibility. The program includes joint residential sessions in London, Chicago and Singapore with students from all three campuses that are fully owned by Chicago Booth. The Executive MBA program offered in the Asia campus (in Singapore) is exactly the same program offered in the London and Chicago campuses and is taught by the same faculty who teach in all Chicago Booth programs.

A typical class profi le of the Executive MBA program consists of executives / professionals from industries spanning the business world and beyond, with each of them bringing their distinct business culture and expertise to the program. A typical intake consists of students from 24 - 30 different nationalities and 17 countries of residence.

The Chicago Booth supports an active network of more than 45,000 alumni around the globe. In cities all across the world, regional Chicago Booth alumni clubs offer social interaction as well as opportunities for further educational and professional development. These graduates lead and succeeded in every possible industry including some 5,500 CEOs and top offi cers of fi rms worldwide.

For more detail please email your questions to:[email protected] Fax: 65 6238 2103 or Phone: 65 6238 2196

Chicago Booth - First US business school to have had 6

Nobel Prize winning faculty members- First PhD in Business in 1920

- First EMBA in 1943

T: +65 6238 2196 • E: [email protected] • W: www.chicagobooth.edu

Singapore braces up against cyber attacksAs cyber crime threats loom large over the business horizon, professionals in Singapore are bracing themselves for a massive upgradation of infocomm security skills. A new qualifi cation programme, the Qualifi ed Security Professionals course, has been launched to upskill infocomm security professionals in Singapore. It is part of the fi ve-year infocomm security masterplan to harden the country againstcyber attacks.

The new course aims to train some 100 people in the fi rst year and about 800 over the next fi ve years. Participants will undergo three months of training, including 35 hours of e-learning and 5-and-half contact hours involving lectures and workshops. In addition to familiarising themselves with local and international cyber laws, course participants will also be exposed to the risks and threats in the cyber world as well as best practices on how to mitigate these threats.

NTU collaborates with IrishUniversity to train leaders in AsiaIreland’s University College Cork has established the Farmleigh Fellowship Programme with the support of the Nanyang Business School at the Nanyang Technological University (NTU) in Singapore. The new programme is tailored at training and exposing highly capable Irish recent graduates with opportunities to better understand the dynamic Asian region, both in terms of its culture and in doing business in Asia. At the same time, it matches these Irish Fellows with Irish companies that have strong, sustainable business linkages with the rapidly-developing Asian markets.

Professor Gillian Yeo, interim Dean of NTU’s Nanyang Business School, says: “We are delighted to work with University College Cork, Ireland’s top research university, on this exciting initiative.”

Are you safe?According to the latest Global State of Information Security Survey:• 42 per cent of respondents indicate that security breaches result in fi nancial loss• 30 per cent say such breaches result in brand compromise• 29 per cent indicate intellectual property theft as a result of such breaches• Close to 23,500 new infected Web pages are said to be discovered daily.

In a nutshell• The Fellowship will provide the participants with the opportunity to study in Singapore and work in an Asian country over a twelve-month period. • The study programme will be coordinated by the two universities, while selected companies from the more than 70 Irish-owned businesses operating in Singapore, will offer practical work experience. • Each participant will prepare an actionable Asian business strategy for the sponsoring companies who will help to guide and support the programme.

MDIS extends global footprintManagement Development Institute of Singapore (MDIS) inked a landmark deal with Education@Iskandar Sdn Bhd in Kuala Lumpur, Malaysia, to purchase a 30-acre plot of freehold land in EduCity @ Iskandar, Malaysia to set up its second overseas campus.

It is the fi rst Singapore private tertiary education institute to make its foray in EduCity @ Iskandar, Malaysia, following the warming bilateral ties between Singapore and Malaysia. The new MDIS campus will be fi ve times bigger than that of the MDIS Campus in Singapore and will be funded internally by MDIS. MDIS’s fi rst overseas campus is at Tashkent, capital of Uzbekistan in Central Asia which was built in 2008 at the cost of US$20 million.

Service excellenceSQ Centre, Asia’s leading provider of service excellence solution trains Shanghai Corporate Pavilion service ambassadors to deliver visitors an unrivalled hospitality experience. The very best of Shanghai’s ideals to marry technological innovation with environmental sustainability in aesthetically pleasing forms will be on show at its pavilion at 2010 World Expo in Shanghai. Themed “Better City, Better Life”, this event is expected to attract 70 million visitors from all over the world.


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Why Must You

Upgrade?

fter a somewhat painfully extended period of fi nancial downturn, Singapore’s economy has fi nally

rebounded from the global economic recession. The fi rst half of 2010 witnessed a GDP growth of 17.9% year-on-year. Many jobs have been created and unemployment is low. Today, most Singaporeans and foreign workers are looking forward to better wages, more overtime and higher bonuses this year. However, risks in the world economy remain, especially in Europe and the US and if the global economy plunges again, Singapore willbe buffeted.

The Singapore government, is therefore, urging employers all across the island to understand the need of the hour, and the signifi cance of growth with a sustained effort now more than ever before.This is the time to invest in people,upgrade the existing infrastructure andimprove productivity.

“Every student must be keen to learn and go as far as you can. Every worker must master the knowhow and skills to be productive and competitive. Every manager must train and motivate his staff to maximise their contribution and potential. Only then can Singaporeans do better jobs that our

economy will create, and enjoy higher incomes, brighter opportunities, and more fulfi lling lives,” Prime Minister Mr Lee Hsien Loong said in his National Day Message this year.

The government, he confi rmed, will support Singaporeans in this, by developing a fi rst class education system for the young, and a comprehensive Continuing Education and Training (CET) programme to upgradethe workers.

Beyond improving the education system, the government is investing $5.5 billion over fi ve years to do this. Two CET campuses in the East and West of Singapore are being built, and many schemes and incentives to help companies and workers improve their productivity are being introduced. “I am glad employers and unions strongly support CET, becausetheir support is crucial,” Prime MinisterLee observed.

The right step forward Skills upgrading is important for maximising human capital from both the employee and the employer perspectives. When human resources are well used, the benefi ts are obvious. “In Singapore,

In a competitive job market, you must understand that the labour market demands a greater alignment between education and training now more than ever before.

By Ananya Mukherjee

Every worker must master the knowhow and skills to be productive and competitive. Every manager must train and motivate his staff to maximise their contribution and potential.

PM Lee Hsien Loongin his National Day Message

A


we have seen evidence of this: a good education system, a disciplined and well-trained workforce has given us the living standards that many envy. Now, it is about being relevant and continually re-skilling and up-skilling to meet changing market demands. Take the case of healthcare, the demands are different: we see an aging population with different challenges and also new emerging diseases.

Healthcare employees would have to re-skill and up-skill to be more familiar with the demands of an aging population, fi ght new and emerging diseases arising from different lifestyles etc,” Elizabeth Martin Chua, HR expert and principal consultant, Elizabeth Martin Associates, noted.

Another example that is very apparent is the results of globalisation. People are travelling more, gaining different exposures, thinking differently. For example, people in the service industry will have to cope with more discerning customers. Saying that it is not done here is not good enough. Up-skilling and re-skilling to learn more is not only necessary but is a mindset of continuous education. People should view learning as fun and staying with old knowledge as boring, Elizabeth observed.

Needless to add, from an individual standpoint, one must always sharpen and update one’s skills to stay relevant and employable. “Companies would want to hire and retain staff that has relevant skills. The onus is also on the staff to ensure this happens,” Bentley Williams, principal consultant, Bentley Williams Consulting said.

Once, employees get this mindset, it is not about the company anymore, it is about using one’s own potential to the fullest and enjoying it. Whether you are working in a MNC, SME or even for yourself, it is about your own self, you want to grow it, not waste it.

Organisations’ approach

Many organisations are investing heavily in training. Some organisations have impactful training or Learning and Development units set up. The biggest companies even have their own ‘academy’ or ‘university’. Not to forget, the government also has several schemes which businesses and individuals can tap to defray the cost of training. For example, the Singapore Service Star provides workshop and seminar training to retail establishments, F&B outlets and nightspots estimated to cost around S$4,400 per employee annually. Businesses are even able to tap this scheme to send their employees on subsidised overseaslearning trips.

If you are doubtful about the benefi ts you might have after undergoing an upgrading programme, think again. “While we cannot discount the working experience and the performance components, employees who seek to upgrade themselves will stand a better chance of being more employable. Going for work-related training and networking sessions such as those organised by the Singapore Service Star helps to keep workers in tune with the latest trends and allows them to learn from some of the best in the industry,”Bentley attested.

And is it possible to upgrade your skills on an individual basis? Yes, there are numerous courses you can sign up for to upgrade various technical and soft skills. At the same time, there are many public run of courses offered by various institutions that staff can get their companies to sponsor.

What’s behind the training masterplans?

Amidst all these initiatives, the Ministry of Manpower and Singapore Workforce Development Authority will develop two CET campuses in Paya Lebar and Jurong to serve as key focal points for skills upgrading. The campuses are expected to provide about a combined total of 150,000 training places annually. This further underscores Singapore’s continuing commitment to CET and its increasing importance in augmenting economic competitiveness as well as enhancing workers’ employability. For employers, it aims to enhance quality and productivity by helping workers acquire industry-relevant skills and stay ahead of industry developments. For all Singaporeans, not only it will form the fundamentals of a lifelong learning system to help workers fi nd your niches, seize opportunities in new growth areas and remain relevant and employable, it will also enable you, including rank-and-fi le workers and professionals, managers, executives and technicians (PMETs) to remain employable with new and better skills. With this thrust, nearly 80% of Singapore’s resident workforce will have at least a diploma qualifi cation by 2020, compared to 36%in 2007.

Now, it is about being relevant and continually re-skilling

and up-skilling to meet changing market demands.

Elizabeth Martin Chua,HR expert and principal consultant,

Elizabeth Martin Associates

Educate your employer today

Five out of every six Singaporeans believe that they need to upgrade their skills within the next fi ve years in order to stay relevant, according to the Kelly Global Workforce Index, a survey conducted by Kelly Services in December 2008. Also, in line with employer-managed schemes such as the Skills Programme for Upgrading and Resilience (SPUR), 81% of Singaporeans further believed that employers should share the responsibility for their skills-upgrading training. However, it was also found that 47% of Singaporeans believed that their employers had failed to provide adequate training, and 48% thought that their HR departments have likewise failed to help them achieve their employment goals.

This should sound an alert for your employers if they are underestimating your capacity and desire to learn new skills.


Rising to the Corporate ChallengeAccelerate your career with a MBA from the Management Development Institute of Singapore (MDIS)

Senior and executive professionals from all walks of life who wish to aspire to become great leaders; have the opportunity to choose a suitable postgraduate qualifi cation from MDIS’ wide-range of globally recognised postgraduate programmes.

• Gain new career insights from a fresh perspective• Develop a strategic, analytical and critical thinking mindset• Achieve a global overview of management issues from a macro perspective• Ability to leverage on the capabilities of talents to meet organisational goals and chart future directions of companies to ensure success in the international environment• A stepping stone to greater heights of career advancement• Enhancing knowledge and skills to boost your areas of expertise

Partnerships with Universities of Excellence

The postgraduate programmes are offered in collaboration with well-established and well-accredited universities in Australia, France, UK and the USA. Our partners maintain high academic quality standards and outstanding teaching faculty to assist in the delivery of these programmes. There is a commitment to international excellence coupled with a diverse global learning community that advocates “learning extends beyond classroom to boardroom”.

Globally recognised MBAs for the Corporate World

In today’s competitive world a candidate with an edge makes a difference. More often than not, such a person is equipped with an MBA and demonstrates unique skills in solving diffi cult issues through a logical and systematic approach. The practical and real life intellectual exchanges shared on our postgraduate programmes mould critical-thinking and analytical minds who are ready for challenges of the corporate world.

The Postgraduate Experience – a student focused approach

The MDIS postgraduate experience offers a combination of management –related skills with excellent and holistic teaching. Candidates form professional and personal relationships which ensure an excellent all round student experience.

For more information on our postgraduate programmes call 6372 1000or email:[email protected]

MBAs from MDIST: +65 6372 1000 • E: [email protected] • W: www.mdis.edu.sg

MBAs from MDISCollaboration with well-established and well-accredited universities in Australia, France, UK and the USA.

THE ADVANTAGES OF OUR POSTGRADUATE PROGRAMMES

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“Previously, I was interested only in the fi nance and accounting side of things, but now I see things from a broader perspective, and when I talk to my colleagues, I understand the fi ner points of our production and operations.”

Sam Lum , Bradford MBA Graduate


ROADSHOWSDate City

02 Oct (Sat) Singapore

09 Oct (Sat) JakartaHo Chi Minh City

16 Oct (Sat) Frankfurt

19 Oct (Tue) Paris

20 Oct (Wed) Singapore

21 Oct (Thu) London

ASIA’S GLOBAL BUSINESS SCHOOL

GET EMPLOY-ABILITY

Having previously studied and worked in Canada and the US, Arthur wanted to gain a deeper insight into the Asian

business world. He chose a top business school, ranked No.1 in Singapore and Asia1. One that would not only provide

him with an in-depth Asian perspective, but also a global business education that would put him on par with students

from top schools around the world. The NUS MBA offers a curriculum with a strong Asian focus, yet highly relevant

to today’s global economy. It’s no wonder the MBA has been consistently voted the No.1 Singapore MBA of choice

by employers2 since 2006.

“I sought not just a broad perspective on doing business around the world but alsoan in-depth knowledge of managing corporations in Asia. The NUS MBA offeredme the best of East and West.”

Arthur LeungThe NUS MBA Alumni, Class of 2010Executive Operational Leadership ProgrammeBarclays Bank, London

1 Eduniversal Global Top 100 Business Schools 2009

2 QS Global 200 Business Schools 2009: The Employers' Choice Survey

To register for events in the variouscities, please visit mba.nus.edu

NUS MBA & EMBA Fair

Venue: NUS Business School, Mochtar Riady Building, 15 Kent Ridge DriveDate: 2 October (Sat)Time: 1pm - 4.30pm

Register your attendance atmba.nus.edu

National University of Singapore (NUS) Business School is known for its focus in providing management thought leadership from an Asian perspective, enabling our students and corporate partners to leverage on the best global knowledge and deep Asian insights to drive business education and growth in Asia and around the world.

The School is accredited by AACSB International and EQUIS as well as being the only Asian business school to be a full academic member of CEMS, a global alliance of management education, these are endorsements that the School has met the highest standards in business education.

The NUS MBA Programme has been consistently receiving top rankings in the Asia-Pacifi c region by independent publications and agencies. In 2009, “QS Global 200 Business Schools: The Employers’ Choice Survey” ranked NUS Business School graduates #1 in Singapore. The programme also scored a high 11th position globally in terms of international experience in the 2009 Financial Times MBA Rankings.

Karen Bek, a part-time NUS MBA student, shares her experience, “Juggling work and studies is indeed arduous, but the lecturers are very understanding and mindful of the situation most of the part-time students are in. While they strive to mould us into people of sound business minds and potential entrepreneurs, they seek various means to ensure that important milestones of every module (eg. tests, project deadlines) do not clash with our busy schedule. I appreciate this very much, not to mention the vast knowledge and experience which they share with us generously.”

Carlo Blanco, a full-time NUS MBA student, adds, “I chose NUS because of its strength as a brand, its cultural diversity, the collaborative culture and professionalism that the admissions team displayed, and the promise of better prospects and skills. If my fi rst few weeks at NUS are an indication of the rest of my stay, then the school is on track to exceeding my expectations. It’s been an exhilarating mix of academic rigor, newfound friendships, priceless learning both inside and outside the classroom, and loads of fun!”

For details on information sessions, and more on The NUS MBA, visit mba.nus.edu

NUS MBA

NUS MBA“It’s been an exhilarating mix of academic rigor, newfound friendships, priceless learning both inside and outside the classroom,and loads of fun!”

T: +65 6516 2068 • E: [email protected] • W: www.mba.nus.edu


Mastering the Corporate Ladder with Kaplan

For an increasing number of executives, the next step is a master degree program in a relevant discipline. After all, going back to school can be a smart career move. A master degree can strengthen your resume, bolster your industry knowledge and offer fresh insights into perennial problems in the workplace.

For example, executives who hail from an engineering background may benefi t from a formal study of higher-level people management techniques, in order to become more effective team leaders in the offi ce. Long-time logistics and supply chain practitioners can gain useful insights by engaging in case study analyses that allow them to think critically about industry trends and developments.

Kaplan Singapore’s post-graduate programs have long been preferred by executives here. About 10,000 students are enrolled at Kaplan Higher Education alone. Kaplan Higher Education offers certifi cate and degree programmes designed to build careers and enhance lifelong skills. It houses Kaplan Higher Education Academy, which offers full-time programs, and Kaplan Higher Education Institute, which offers part-time programs suitable for busy professionals.

One important factor to consider when choosing the right master degree is the educational institution offering the program. Kaplan Higher Education Institute is home to a wide range of master degree programs, many of which are offered by the business school of the National University of Ireland, Dublin, a long-established partner of Kaplan Higher Education. Other master degree providers at Kaplan Higher Education Institute include Monash

University, located in Melbourne, Australia, and the University of South Australia, both of which are popular options among Singaporeans and international students.

Kaplan Higher Education has partnered with nine prestigious universities in Europe, Australia and the United States to offer programs in fi elds ranging from business and management to science and engineering, accounting and fi nance, among others. These career-oriented programs are benchmarked against global best practices and standards, ensuring that students receive top-quality, internationally recognised qualifi cations upon graduation.

Kaplan Higher Education has been recognised for its dedication to quality service. It has received the Singapore Quality Class Award for Private Education Organisations, and was one of the fi rst private education providers to be awarded ISO 9001 certifi cation.

Students at Kaplan Higher Education will attend classes at Kaplan Singapore’s two centrally-located campuses, in the Orchard Road and Dhoby Ghaut districts. Currently, Kaplan Singapore has over 18,000 students enrolled in full and part-time courses, ranging from diplomas to professional certifi cation programs and doctorates. Owned by one of the world’s largest education companies, Kaplan, Inc., Kaplan Singapore has been a fast-growing presence in the local private education sector since 2003. Kaplan, Inc. serves more than a million students worldwide in over 500 locations.

Besides providing top quality education, Kaplan Higher Education is also sensitive to the needs of its students. Kaplan Higher Education Institute, which offers part-time courses – including master degree programs – holds

classes in block seminars, which are far more fl exible than the traditional part-time schedule of weekly evening classes. Students are given a learning cycle for each module, which comprises self-study and fl exible learning periods in addition to lectures, which are condensed to 20 hours per course, or one weekend. Typically, a three-month term covers two modules of study, leaving students with more leeway to schedule work or personal appointments.

Lecturers as well have adapted their teaching styles and content delivery methods to better serve working adult students, who often have different academic needs from younger full-time students. For example, working adult students are known to be highly motivated individuals who are in most cases, fi nancing their own educations. For them, the classroom should be a supportive environment, full of mature, like-minded classmates who can offer useful insights into the study material. For executives who have taken up a master degree program to fi ll a gap in their professional knowledge, such sharing sessions and networking opportunities can be unexpected but welcome side-benefi ts.

In a bid to meet the rising demand for Australian and British degree programs, Kaplan Higher Education Institute is continuing to seek new partnerships and expansion opportunities, in order to provide more choices for its students and continuously aims to be one of the top private education providers in the region. By doing so, they have a lot in common with the busy executive who seeks new horizons and professional development opportunities, in order to remain fl exible, adaptable and globally in demand.

Kaplan

KaplanOne of the fi rst private education providers to be awarded ISO 9001 certifi cation

Congratulations. You’ve ascended up the company ranks, and accumulated a wealth of corporate experience, industry expertise and contacts.

What’s next?

T: +65 6733 1877 • E: [email protected] • W: www.kaplan.com.sg


You may be doing perfectly well in your professional life yet something is amiss. A higher degree may give you the competitive edge you are seeking.

By Ananya Mukherjee

Want a

Trump Card?Get a Masters degree

redentials never hurt. A systematic higher education in your fi eld of interest could be interesting and provocative; least of all, it could translate a set of prescriptive recommendations into higher productivity. In addition, being enrolled in a top school for a higher degree could give you a coveted platform, open doors to new jobs and key people who would otherwise be diffi cult to access.

“In the increasingly competitive job market I believe that having an MBA enhances the possibility of landing a good job. Thirty years ago, especially in Asia, it was more an exception than a norm that people had University degrees. These days, how one looks on paper has become a lot more important. And almost everyone in executive positions have been to University, so having an advanced qualifi cation like an MBA from a top school would very likely improve one’s chances of landing a good job,” Marvin Yeo, an entrepreneur with an MBA degree from a reputed institute says.

Market trends

Singaporeans as well as foreign talents working in Singapore have learnt to appreciate the “marketability” as well as “portability” of a Masters qualifi cation. In an increasingly borderless world, people are no longer willing to restrict themselves to job opportunities available in their home country. Possession of a higher degree will allow them to have an

immediately recognisable qualifi cation that is recognised and valued globally - generally wherever MNCs can be found. “Most of the enquirers for our MBA programmes tend to be from a professional, non-business background. They can be engineers, executive or lawyers who recognise there is a gap in their knowledge of business which was not covered in their chosen path of study early on,” Amy Tee, Marketing Director, Kaplan Higher Education Institute Singapore, says. This realisation of their shortcoming usually hits them when they are put into positions that exposes to the business side of their jobs, she explains. For example, an engineer who has been given a management position in his organisation will now have to worry about managing people, amongst other resources, for the fi rst time.

C


With this awareness follows interest, and then ultimately an increase in demand. As more and more people become discerning about which Masters programme they wish to pursue, many schools and universities are coming in to give them an abundant array of choices to fi t every need.

Ong Ai Ling, Programme Manager, Master of IT in Business, School of Information Systems, Singapore Management University says that most of the students who apply to the Master of IT in Business (Financial Services) programme want to be better equipped in IT knowledge and skills to prepare them for the next level in the corporate ladder or career change. Masters degree will also enhance their ability to communicate better across different business units and management by “bridging the gap” in the business environment. The other obvious pull is networking opportunities offered through the seminars and events.

Women & higher degrees

Another trend, experts observe is that in the past, women formed the minority in taking MBAs mainly because most business schools required its applicants to have several years of working experience fi rst. The average age of people pursuing MBAs or higher education programmes were in their 30s. Usually at this age,

most women in the past would already be concentrating on settling down, and/or having children and raising a family. This was a common deterrent for many women in the past not to embark on demanding post graduate studies. However, with the recent trend of women marrying later and starting families at a later age, this gives them time to pursue higher studies to remain competitive in the market. In addition, the “glass ceiling” mentality is no longer in existence in almost all modern economies and all this helps limit the number of reasons for women not to pursue further education.

Rachel Lew, Account Specialist at Canon Singapore, is a recent graduate of the Hull EMBA programme offered at Kaplan Higher Education Institute. She is also one of the top students in her cohort. Rachel decided to take up the Hull EMBA programme with Kaplan Higher Education Institute following her husband’s completion of his MBA studies and she saw it as an avenue that will widen her knowledge and career opportunities.

In addition, she was also encouraged by her general manager, a fellow Hull EMBA graduate, who also took up the same programme. “There’s never a perfect time to take on a part time study. It’s a matter of balancing your work, having the family support and most importantly, putting

the commitment to do it. Above all, one must see it as a journey and enjoy the process,” she says. She adds that she has chosen Kaplan because it is a reputable and reliable private educational institution.

“The Hull MBA was my choice because it is a valuable MBA offered by a reputable business school in the UK. The course offers the right duration, academic quality, networking opportunity and is reasonably priced. This MBA programme has broadened my understanding of the changing fi eld of business and sharpened my thought processes. It has also widened my opportunity set in my job and career scope. On a personal aspect, I have forged many valuable friendships along the way and this is something I cherish very much.”

Page 21 >>

The application numbers for the NUS MBA are on the rise, and have more than doubled since 2006.

Professor Quek Ser Aik,Vice-Dean of Graduate Studies,NUS Business School


In addition to the listed programmes, NIE will be welcoming the fi rst intake of our new professional-oriented higher degree programme – Master of Teaching (M Teach) in August 2011. The programme combines the best of university academic learning and workplace professional learning to offer participants a sustained experience in developing excellence in teaching as a profession. A key feature of the NIE M Teach which differentiates it from other Masters programmes is the Professional Inquiry Project (PIP). The PIP is substantively and philosophically different from the academic dissertation. It allows participants to articulate their knowledge, beliefs and skills as these evolve and transform throughout the programme.

Although most of the higher degree programmes in NIE are suited for education professionals, some programmes such as the Master of Arts (Counselling and Guidance), Master of Arts (Applied Psychology) and Master of Science (Life Sciences) are also relevant to professionals in other industries.

If you are interested to apply to any one of our programmes, our next intake will be in August 2011. Please visit our website www.nie.edu.sg/aug2011 for more details.

This year marks the 60th anniversary of the National Institute of Education (NIE), Singapore. Through the years, NIE has played a pivotal role in shaping the teaching profession in Singapore. NIE’s illustrious history fi rst began in 1950 as the then Teacher’s Training College. It was later known as the Institute of Education in 1973. In July 1991, through the amalgamation of the Institute of Education and the College of Physical Education, NIE became an autonomous institute of the Nanyang Technological University, Singapore. Although NIE is well-known for its initial teacher education programmes, NIE has also

established a reputation for delivering quality professional development programmes, executive leadership programmes and higher degree programmes to individuals in the education industry and beyond.

By working closely with our parent university, Nanyang Technological University, NIE ensures that our higher degree programmes meet stringent academic requirements that are benchmarked against top universities in the world.

The Next Step

To date, there are a total of 14 higher degree programmes offered by NIE:

• Master of Arts (Applied Linguistics) • Master of Arts (Applied Psychology) • Master of Arts (Counselling and Guidance)• Master of Arts (Educational Management) • Master of Arts (Instructional Design and Technology) • Master of Arts (Social Studies) • Master of Education (with 18 specialisations):

• Master of Science (Exercise and Sport Studies) • Master of Science (Life Sciences)• Master of Science (Mathematics for Educators)• Master of Arts (Research) • Master of Science (Research) • Doctor of Philosophy (PhD)• Doctor in Education (Dual award with Institute of Education, University of London, UK)

in Your LifelongProfessional

Learning

- Art- Chinese Language- Curriculum and Teaching- Developmental Psychology- Drama- Early Childhood- Educational and Psychological Measurement and Evaluation- English Language- English Literature

- Gifted Education- Learning Sciences and Technologies- Malay Language- Mathematics- Music- Primary- Science- Special Education- Tamil Language


Manchester Business School Global Career Services

Grab the job you desire with MBS Award-winning Global Career Services. You do not get that with other part-time MBA. We are a proven route to accelerating or changing the direction of your career as we pride ourselves on offering unparalleled comprehensive career planning advice through our bespoke web 2.0 portal, on the telephone, or face-to-face with advisors. Our focus is on you and your career development. Our motive is to empower you to achieve your ambition to be a business leader.

Manchester’s position as the 11th best business school in the world for career progress in the 2010 rankings refl ects the quality of our graduates and the international career opportunities that our prestigious MBA offers.

We open the doors to global career opportunities by having a network of seven international centres in USA, Asia, UAE, Brazil and Jamaica which you can leverage on to broaden your MBA experience and deepen your understanding of international business. Our international partnerships with recruitment agencies allow our current students and experienced MBAs to participate in recruitment events wherever they may be located in the world.

We offer a wealth of career related resources including podcasts, articles, databases, psychometric tests, jobs boards, webinars and career management tools. Careers advisors are available to address personal career needs and are located in our International Executive Centres so that students have easy access to an individual with regional cultural and market knowledge. In addition, an online career coach provides students with live interaction.

International keynote speakers are regularly invited to give seminars on career related topics and provide up to date industry trends.

Network with the best in an elite international business community comprising of 27,000 alumni members across 140 countries. The diversity of thought and talent across the network allows our alumni to continue to benefi t both professionally and personally. Success in business relies on up-to-date skills and extensive industry contacts, so start expanding your global address book with us. Our MBS alumni hold senior positions in worlds leading fi rms and turn to our students for recruiting top executives, hence providing a fi rm rooting for our career services.

MBS industry links with global companies include Rolls-Royce, HSBC, Capital Land, Ernst & Young, Shell, Xerox, Credit Suisse, Barclays, IBM and Motorola.

MBS MBA

MBS MBASprint to SuccessTo get ahead, you have to think ahead

T: +65 6538 4454 • E: [email protected] • W: http://mbs.replyhub.com/global/

Starting at the right time

Also, on the whole, irrespective of gender, the average age of people embarking on their MBAs has fallen. Younger people are realising that, unlike in the past, a bachelor degree is no longer a guarantee for career success. MDIS affi rms this trend and notes that there seems to be a slight shift towards younger people taking on MBAs with many embarking on it at an average age of 28 years as compared to early to mid-30s in the past. The application numbers for the NUS MBA are on the rise, and have more than doubled since 2006, says Associate Professor Quek Ser Aik, Vice-Dean of Graduate Studies, NUS Business School.

“We have also seen an increase in the quality of the applicant pool, with many of them having worked for at least 4 years, with an average of more than 5 years, and possessing good managerial work experience.” There are indications that the market is increasingly interested in international management, as well as skills for integrating people and functions, within the wider context ofleadership development.

It is important to remember at this point, however that each student represents a unique case. “When we speak to prospective students for our Executive MBA programme many of them speak of the need in terms of several factors: a) Acquiring new knowledge and skillsb) Updating existing knowledge c) Expanding professional and personalnetworks across the globe and industriesd) Earning a new credential to strengthen their position in the labour market,” says Glenn Skyes, Associate Dean of Asia and Europe Campus, The University of Chicago Booth School of Business.

In sum, you want to come out of the programme different than when you came in. Earning the degree requires a signifi cant time commitment as well as fi nancial resources. Whether it is the right step for an individual depends on that person’s unique situation. Seeking answers to that individual’s set of important questions with staff from the school as well as current students and graduates will help someone determine whether or not it is theright decision.

Page 22 >>


As part of our Leadership Development framework, high potential offi cers are offered postgraduate scholarships tenable in leading universities..

Peter Wee,Director, Human Resource Division,Civil Aviation Authority of Singapore

Leading by ExampleCivil Aviation Authority of Singapore (CAAS)

CAAS espouses continuous learning as part of the culture that underpins a structured Training & Education framework. Scholarships, sponsorships and study loans for higher education feature as part of the framework.

Noteworthy, CAAS provides postgraduate scholarships for general development or specialist development. “As part of our Leadership Development framework, high potential offi cers are offered postgraduate scholarships tenable in leading universities, eg. the Sloan programme in MIT. These general development programmes include those offered by the local universities, eg. the Nanyang Fellows Programme offered by NTU, which is an MBA that culminates in executive development stints in MIT and Wharton,” says Peter Wee, HR Director, CAAS.

As about 70 % of its workforce are PMETs, CAAS also offers postgraduate scholarships for specialist development. For example, as a young offi cer, one of its Directors in the safety regulation group was sent for an MSc in Human Factors and Safety Assessment in Aeronautics at Cranfi eld. This specialist knowledge enhanced his contributions to the group when he returned. In the policy making arena, CAAS would consider programmes in International Relations, or Public Policy, as CAAS works extensively at the international level, eg. negotiating air services agreements, or training arrangements with other countries. Postgraduate sponsorships attract a bond as the organisation is making a substantial investment in the development of the offi cer, Wee highlights and adds, “Besides providing a strong employee value proposition with regard to career development, CAAS believes that staff who have gone through higher degree programmes return recharged and ready to contribute at the next level”.


Organisation support

Most organisations and MNCs are supportive of their employees or senior executives taking up such higher academic programmes as it prepares them with applicable and relevant skills for a leadership career within the company. “Our participants have a commitment from their employer to allow them to attend the 18 months EMBA program. In some cases, employers allowed them to choose their preferred school and also agreed to pay a percentage of the tuition fees and travelling expenses. Most importantly, these companies planned the programmes into the employees’ career development” noted Cary Chan, Business Development Director from Aalto Executive Education.

Prof Quek from NUS Business School corroborates, “Organisations with well-structured talent development programmes have sponsored - fully or partially - their employees on the NUS Masters programme.” In the case of Executive MBA programmes, such sponsorships can well exceed $100,000, he says.

A lot of fi rms are sponsoring their staff, some as much as full tuition fees and living allowances especially foreign and international sponsors, says Soriano Nicanor Lazaro, Director, Marketing and Admissions, The Nanyang MBA, Nanyang Business School, Nanyang Technological University. “Some even have their salaries intact while taking the programme,”he shares.

Thirty per cent of the student population at Manchester Business School Southeast Asia are sponsored by their employers. “Renowned MNCs have seen the need to groom the future successors and MBA studies is the fastest and most effective way to enable the employees to hit the ground running. Our part-time and fl exible programmes will also ensure a promising and faster ROI to sponsors, as the employees may apply the knowledge immediately at their workplace, as compared to a full time programme,” says Lim Bee Ing, Centre Director, MBS South East Asia . This programme is also supported by SPRING Singapore to develop the next generation of trailblazers in local SMEs. Talented employees working in qualifi ed SMEs can apply for the SPRING Management Development Scholarship which provides funding of up to 90% on related tuition fees. Students in these programmes are supported by their employers at many different levels.

Some are fully supported fi nancially in the program with employers covering tuition, fees and even travel. Others will receive partial fi nancial support. All of our students are supported in the time required to attend classes, Skyes corroborates. In addition to fi nancial support from their employers other organisations may be willing to support further education such as foundations, governmental agenciesand banks.

When we speak to prospective students for our Executive MBA programmes many of them speak of the need in terms of several factors...

Glenn Skyes,Associate Dean of Asia and Europe Campus,The University of Chicago Booth School of Business

Success Story

“As I became more involved in the business decisions, I realized that I needed to widen my horizon in order to attain better understanding of all the major functions.” Thomas Wai, Senior Analyst and Leadership Consultant, leads the Asia-Pacifi c initiatives of Talent Plus, an internationally recognized management and consulting fi rm, refl ects on his Nanyang MBA experience, now four years ago.

His search focused on top Asian MBA programmes and he settled on The Nanyang MBA because of its hands-on learning experience, ideal location, and global perspectives. “Singapore is the ideal location for global business learning, combining the best from the east and the west. With an emphasis on global operations, The Nanyang MBA offers participants an unique Asian focus. I also like our small class size because it enables me to get maximum benefi t from the diverse experience of my peers.”

Thomas’ business knowledge has served him well: Since his Nanyang MBA, he became an author of the premium Harvard Business Review for his article A Global Challenge, A National Priority: How to manage an ageing workforce effectively in 2007. He has also served as the assistant to the Chair of the organizing committee of the APEC CEO Summit until early this year when he switched to join the Talent Plus Inc. In July 2010, Thomas was named as the Who’s Who in EEE by the Nanyang Technological University of Singapore, and the story of his success was detailed in their article “Thomas Wai – The Talent Specialist”.

24 - HeadHunt Supplement - Course Calendar education guideexecutive

EDUC

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NGUN

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NUS Master of Science in Financial Engineering

Manage your career risk by upgrading your skills and standing out from the crowd.

After the recent fi nancial crisis, there are lessons everybody should have learned. Risks need to be understood in a broader context before they can be accurately measured, and blind reliance on mathematical models can lead to ruin. The tools of fi nancial engineering are being steadily adapted not only by incorporating the lessons from the crisis, but also by proactively looking at the challenges ahead.

The Master of Science in Financial Engineering is a comprehensive program that will prepare you for a career in the fi nancial industry and advance the careers of those already working there. Drawing upon the lessons from the crisis and looking ahead, the program is more relevant than ever before.

This degree is offered full-time and part-time to suit your working schedule, and can be pursued on-campus in Singapore or through distance-learning anywhere in the world. Registration for 2011 admission exercise starts November. Visit our website for information on admission.

For application and information: Tel: +65 6516 4595/1011 Fax: +65 6874 5430 Website: http://www.rmi.nus.edu.sg/mfe Email: [email protected]

NUS RMICFE • T: +65 6516 7127 • E: [email protected] • W: www.rmi.nus.edu.sg/cfe

MFE • T: +65 6516 4595/1011 • E: [email protected] • W: www.rmi.nus.edu.sg/mfe

Berkeley-NUS Certifi cate in Financial Engineering

Equip yourself with the skills and knowledge in fi nancial engineering.

Evolved out of collaboration between two premier global institutions of higher learning, - the University of California, Berkeley (UC Berkeley) and National University of Singapore (NUS), the Certifi cate in Financial Engineering will be taught by internationally renowned Professors from the Hass School of Business, UC Berkeley and the NUS Risk Management Institute.

This program will lead to a better understanding of the causes of the fi nancial crisis, and help participants to avoid pratfalls and mistakes that others have committed. The modules are distinct, but integrated to provide a coherent and deep insight into the theory and practice of fi nancial engineering.

TARGET AUDIENCEChief Financial Offi cers, Chief Investment Offi cers, Derivative Portfolio Managers, Analysts, Traders, Risk Managers, Structured Product Developers and Other Financial Executives.

SPEAKERSDr. Oliver CHEN, National University of SingaporeProf. Jin-Chuan DUAN, National University of SingaporeProf. Keshab SHRESTHA, National University of Singapore Prof. Anand SRINIVASAN, National University of SingaporeProf. Johan WALDEN, University of California, BerkeleyProf. Nancy WALLACE, University of California, Berkeley

LUNCHEON TALK ON CURRENT ISSUES11 November 2010by Gilbert KohnkeHead of Group Risk Management, OCBC BankPublic can attend the talk for a nominal fee of $20/session.Buffet lunch will be provided.

MODULE 1: 08 - 12 November 2010Building & Pricing Derivatives and the Bridge to Risk Management

Financial Markets and Arbitrage PricingForward and Future MarketsBinomial Option PricingBlack-Scholes Formula and ApplicationsSwaps MarketsNumerical Option PricingStock Market Derivative Disasters

MODULE 2: 22 -26 November 2010Fixed Income Securities: Bonds, ABS and Risk Management

Basics of Bond ValuationTerm Structure of Interest Rates: - In Normal & Distressed Times - Empirical Analysis – Trading Lab Exercise - Modeling - Applying Valuation ToolsValuing Interest Rate DerivativesContinuous - Time Interest Rate ModelsCredit Derivatives and Changes Post-CrisisHedging Multiple Credit RisksThe Rating AgenciesAsset Backed Securities: - Economics of Securitization - Structuring and Valuation of Mortgage Backed Securities - Structuring for Multiple RisksAsset Backed Derivatives: CDOs, Indices, CDS and Hedging

GROUP DISCOUNTWe are pleased to offer the following group discounts:20% for a group of 3 participants30% for a group of 5 participants40% for a group of 10 participants and above

EARLY BIRD OFFERRegister by 8 October 2010 to enjoy an additional 10% discount on regular registration fees.

FINANCIAL TRAINING SCHEMEThe Monetary Authority of Singapore (MAS) administers Financial Training Scheme (FTS) grants to fi nancial sector organizations that sponsor eligible participants to training programs that meet qualifying criteria. For enquiries, please contact MAS at 6229-9396 or via email at [email protected].

For application and information, Ms E’Leen LauTel: +65 6516 7127Fax: +65 6874 5430W: www.rmi.nus.edu.sg/cfeE: [email protected]

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