Business (Banking & Finance)
Regulars | Industry Guide

Business
(Banking & Finance)

Business (Banking & Finance)

Singapore’s prime location in the heart of Asia makes it an ideal place for investors to trade and do business in; as well as strengthen connections to countries in the region.

According to the Monetary Authority of Singapore, our country is home to over 200 financial institutions, a growing number of which have also chosen to base their operational headquarters here to service their regional group activities. Hence, it is no surprise that driven, ambitious and highly-educated individuals flock towards the banking and finance sector, given its lucrativeness and slew of opportunities available.

Professions in the Sector

Auditors

Auditors are responsible for detecting fraud and clerical errors; as well as minimising the bank’s operational losses. High-level auditors are certified accountants who audit whole banking division

Tellers

These employees are at the frontline and have the most exposure to customers. They accept deposits, cheques and handle various customer service issues. Generally, teller roles are entry-level positions, but bank tellers are able to rise up the ranks to become the head teller and eventually assume a supervisory role.

Analysts

Analysts are commonly found in banks, brokerage firms and money management firms. They are usually responsible for preparing, reviewing and distributing financial reports; as well as analysing results, assisting in budgets and forecasts, identifying trends and giving recommendations to improve a company’s financial status.

Loan officers

Loan officers play a key role in ensuring the bank’s continued growth, simply because banks generate profit by issuing loans. Loan officers are also responsible for opening transactional accounts, such as savings or current accounts for customers.

Finance Executives

Finance executives oversee a company’s cash flow by managing income, expenses, investments and other monetary transactions. Ultimately, they ensure that the company remains profitable in the long run.

Investment officers

Licensed brokers are typically employees of a division of the holding corporation that owns the bank. These investment officers or licensed brokers have to pass a series of licensing exams before they are able to sell mutual funds, stocks and other securities. Investment officers receive commission for securities sales on top of their basic salary.

Available Positions

Central Provident Fund Board

  • Executive (Financial Accounting)

DBS Bank Ltd

  • Associate/Analyst, Branch Relationship Manager, Consumer Banking Group
  • Bank Executive, Customer Service Officer, Customer Centre, Technology & Operations

Ministry of Education

  • Senior Information Management Executive

OCBC Bank

  • Business Development Manager (Business First Loans)
  • Mortgage Specialist

UOB

  • Personal Banker, Personal Financial Services
  • Associate Officer, Branches
  • Customer Service Assistant

Salary Range for Fresh Graduates*

Diploma:

$2,000 – $2,500



Degree:

$2,800 – $3,800



*Source: Singapore Yearbook of Manpower Statistics 2016, Ministry of Manpower

Higher Education Course Listings

MDIS

  • Awarded by the Bangor University, UK - Bachelor of Science (Hons) in Business Studies and Finance (Full-Time)
  • Awarded by the Bangor University, UK - Bachelor of Science (Hons) in Business Studies and Finance (Part-Time)
  • Awarded by the Bangor University, UK - Bachelor of Science (Hons) in Banking and Finance (Full-Time)
  • Awarded by the Bangor University, UK - Bachelor of Science (Hons) in Banking and Finance (Part-Time)
  • Awarded by the University of Sunderland, UK - Bachelor of Arts (Hons) Business and Marketing (Top-up) (Full-Time)
  • Awarded by the University of Sunderland, UK - Bachelor of Arts (Hons) Business and Marketing (Top-up) (Part-Time)
  • Awarded by the University of Sunderland, UK - Bachelor of Arts (Hons) Accounting and Financial Management (Top-Up) (Full-Time)
  • Awarded by the University of Sunderland, UK - Bachelor of Arts (Hons) Accounting and Financial Management (Top-Up) (Part-Time)
  • Awarded by Southern Cross University, Australia - Bachelor of Business Administration (Top-Up) (Full-Time)
  • Awarded by Southern Cross University, Australia - Bachelor of Business Administration (Top-Up) (Part-Time)

TMC Academy

  • Bachelor of Arts (Honours) in Business Management (Top Up) - Awarded by The University of Northampton, UK (Full-Time)
  • Bachelor of Arts (Honours) in Business Management (Top Up) - Awarded by The University of Northampton, UK (Part-Time)
  • Bachelor of Arts (Honours) in Business Management and Strategy (Top-up) - Awarded by The University of Gloucestershire, UK (Full-Time)
  • Bachelor of Arts (Honours) in Business Management and Strategy (Top-up) - Awarded by The University of Gloucestershire, UK (Part-Time)

PSB Academy

  • Bachelor of Business (Major in Marketing and Management) awarded by The University of Newcastle, Australia
  • Bachelor of Business (Major in Marketing and Tourism) awarded by The University of Newcastle, Australia
  • Bachelor of Arts with Honours in Accounting and Finance awarded by Coventry University
  • Bachelor of Arts with Honours in Advertising and Business awarded by Coventry University
  • Bachelor of Arts with Honours in Advertising and Marketing awarded by Coventry University
  • Bachelor of Arts with Honours in Business and Finance awarded by Coventry University
  • Bachelor of Arts with Honours in Business and Marketing awarded by Coventry University
  • Bachelor of Arts Business Management (PT) awarded by Edinburgh Napier University
  • Bachelor of Science (Honours) Business Studies with Banking and Finance awarded by Loughborough University
  • Bachelor of Science (Honours) in Business Studies awarded by Loughborough University
  • Bachelor of Science (Honours) in Business Studies with Human Resource Management awarded by Loughborough University

SIM GE

  • Bachelor of Science (Business Administration) and Bachelor of Arts (Communication) Awarded by University at Buffalo, The State University of New York
  • Bachelor of Science (Business Administration) and Bachelor of Arts (Economics) Awarded by University at Buffalo, The State University of New York
  • Bachelor of Science (Business Administration) and Bachelor of Arts (International Trade) Awarded by University at Buffalo, The State University of New York
  • Bachelor of Science (Business Administration) and Bachelor of Arts (Psychology) Awarded by University at Buffalo, The State University of New York
  • Bachelor of Science (Business Administration) and Bachelor of Arts (Sociology) Awarded by University at Buffalo, The State University of New York
  • Bachelor of Science (Business Administration) Awarded by University at Buffalo, The State University of New York
  • Bachelor of Business (Accountancy) Awarded by RMIT University
  • Bachelor of Science (Honours) in Accounting and Finance Awarded by University of London
  • Bachelor of Science (Honours) in Banking and Finance Awarded by University of London
  • Bachelor of Science (Honours) Business Management with Communications Awarded by University of Birmingham
  • Bachelor of Business (Economics and Finance) Awarded by RMIT University
  • Bachelor of Business (Management) Awarded by RMIT University
  • Bachelor of Science (Honours) Business Management Awarded by University of Birmingham
  • Bachelor of Science (Honours) Business Management with Industrial Placement Awarded by University of Birmingham
  • Bachelor of Science (Honours) Management Awarded by The University of Manchester
  • Bachelor of Science (Honours) in Business and Management Awarded by University of London
  • Bachelor of Business (Marketing) Awarded by RMIT University
  • Bachelor of Science (Honours) in Economics and Finance Awarded by University of London