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Are you planning a career in accountancy and wish to study abroad? Singapore is a great option, not only because of the student life in Singapore but also because NTU (Nanyang Technological University) in Singapore has recently launched a work-study Accountancy program in collaboration with Deloitte Singapore.
This work-study Accountancy program will be available at Nanyang Business School which is an integral part of NTU. This program aims at enhancing a student’s practical knowledge of the field. It will increase their employability, as they will be getting on-the-job experience in premier companies making their transition to junior management roles easier after graduation.
Deloitte Singapore has set an example by being the first company to be a part of this programme, around 30 students will start their internship of 25 to 30 weeks with Deloitte in December 2020.
This Blog Includes:
What are Work-Study Degree Programmes?
NTU’s Work-Study Degree Programs aim to improve students’ employability and preparation for full-time employment by providing several on-the-job training opportunities throughout their studies. They accomplish this by allowing students to cycle between terms of study and internship work. Students benefit from more exposure to the professional work environment, which allows them to learn on the job, build soft skills, and cultivate a grasp of real-world procedures.
This combination of classroom education and practical job experience further strengthens NTU’s collaboration with industry leaders to foster and mould the next generation of professionals. Companies will have early access to NTU talent and will be able to groom them over time through internships and projects. They benefit from a talent pipeline because of the consistent supply and engagement of skill- and career-minded students.
Highlights of the Work-Study Accountancy Program by NTU
The partnership was sealed between Professor Christina Soh, Dean of Nanyang Business School, and Mr Cheung Pui Yuen, Chief Executive Officer, Deloitte Singapore, at a ceremony at NTU. Here are the highlights of the program:
- Internships
Deloitte will offer up to 50 internship positions in Advisory, Audit and assurance, and Taxation to NBS students each year under this collaboration. Deloitte’s work-study students at NTU will also earn a higher internship stipend and might obtain full-time, permanent jobs after their graduation with a higher entry-level place at Deloitte.
- Duration
The three-year work-study program is equivalent in duration to the standard degree program in Accountancy and has the same accreditation. Students will be awarded a Bachelor’s degree in Accountancy from NTU upon completion of their course.
- Curriculum
Students enrolled in the work-study Accountancy program will have to complete a minimum of 35 weeks of internship which is much greater than the regular Accountancy’s course professional experience requirement of 10 weeks. The 35-week internship will make for 30% of the course duration which can prove to be an excellent learning opportunity for students.
- Electives
Students will not only take advanced courses in accounting as part of the curriculum but will also take core courses in other fields, such as communications, decision-making, programming and analytics, business law, ethics and sustainability. This combination of classroom-based curriculum and realistic job experience helps to improve the relationship between the NTU and the industry in the work-study program.
- Outcome
The longer job attachment of the program will provide undergraduates with a greater understanding of the internal workings of the accountancy industry by closely combining classroom learning with formal on-the-job training.
Work-Study Accountancy Program: Job Opportunities
The 3-year work-study program is comparable in length to the conventional Accountancy degree program and is accredited in the same way. Students will receive a Bachelor’s degree in Accounting from NTU upon completion of their studies.
Students must complete an internship period of at least 35 weeks, which is 3x longer than a period of 10 weeks in a conventional Accountancy degree course. The internship lasts 35 weeks, accounting for roughly one-third of the program’s duration.
By integrating classroom learning with structured on-the-job training, the program gives undergraduates a greater understanding of the inner workings of the accounting profession. Students benefit from increased exposure to the professional work environment, as well as a broader understanding of real-world procedures.
Students will not only finish specialized accounting classes, but also core courses in areas such as communications, decision-making programming and analytics, business law, ethics, and sustainability as part of the program.
This mix of classroom teaching and practical work experience in the work-study program strengthens NTU’s engagement with industry.
Companies can get early access to NTU talent and cultivate it over time through internships and work projects. In addition, the industry benefits from a consistent pipeline of personnel capable of meeting future difficulties.
Application Process (AY22-23 Onwards)
Also Read: 5 Affordable Accommodations in Singapore for International Students
Students benefit from technological and soft skills acquisition and enhanced exposure to the skilled working environment. Further, they also get a greater understanding of real-world practices. Companies may gain early access to and nurture talents at NTU through internships and job projects over time. The industry is also benefiting from a steady talent pipeline capable of managing potential positions.
FAQs
Ans. Students enrolled in the work-study Accountancy program will have to complete a minimum of 35 weeks of internship. Further, this is greater than the regular Accountancy course professional experience requirement of 10 weeks
Ans. Deloitte will offer up to 50 internship positions in Advisory, Audit and assurance, and Taxation under this collaboration.
Ans. The three-year work-study program is equivalent in duration to the standard degree program in Accountancy and has the same accreditation
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