Are you planning a career in accountancy and wish to study abroad? Then 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.
Highlights of 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 & 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 35 weeks of internship which is much greater than the regular Accountancy’s course professional experience requirement of 10 weeks. In fact, 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.
Also Read: 5 Affordable Accommodation in Singapore for International Students
Students benefit from technological and soft skills acquisition, enhanced exposure to the skilled working environment, and 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.
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