You may wonder, why go all the way to Singapore for a finance internship when you can easily do one right in the laps of comfort and convenience of your home country.
The reason is the rapidly prospering landscape of financial services in Singapore that serves as the perfect teacher of important skills to any up-and-coming finance professional.
Overview of Singapore's Finance Industry
The finance industry of Singapore is not just restricted to serving the domestic economy, but it also plays a key role in serving the economy of Asia and the rest of the world.
Singapore's ultra-modern business infrastructure, global reach, and well-defined policy framework are some of the reasons for the presence of many major financial institutions here.
Some of the important services that make up Singapore's finance industry are banking, asset management, wealth management, risk management, funds management, equity capital market, foreign exchange market, and insurance.
Additionally, the banking system in Singapore is actually rated as one of the most efficiently organized and regulated ones in the world. Now doesn't it seem right to learn about finance by working in a place that has such a rich and diverse financial industry.
Driven by innovation, the dynamic finance industry of Singapore certainly has a bright future ahead and it will need equally dynamic professionals to come and work in it.
And this is why you should definitely consider doing finance internships in Singapore.
What Will You Learn From Your Finance Internship In Singapore?
So let's talk about the kind of work that you will be doing as a finance intern in Singapore.
For an enthusiastic learner, the sky is the limit for learning. Here are just a few of the many things that you will get to do and learn:
Utilize your theoretical knowledge for application in practical, real-world situations.
Analyze and prepare financial statements like balance sheet, income statement, and cash flow statement.
Provide and manage financial support for other departments in the organization.
Participate in the process of designing and implementing financial management and accounting policies.
Handle assignments that deal with research and analytical related work, that ultimately helps with business decision-making.
Understand and learn how to manage compliance requirements.
Learn to use different computer applications to create important reports.
Learn how financial modeling fits into the whole business structure and how it can be fine-tuned to make the business more efficient and streamlined.
Take a proactive approach to deal with complex financial challenges, risks, and issues.
Work with international clients, coordinate with them to understand their unique financial needs, and design relevant solutions to help them.
Understand how financial results impacts business performance, and how can the business performance be improved by using finance as a tool.
Apart from these professional skills, you will also acquire plenty of other skills from your finance internship in Singapore that will enhance your personality and groom you for working in the international finance industry. Living and working among people from different cultures and nationalities is a lesson in itself.
How Will Your Career Benefit From A Singapore Internship
Today's job scenario is more competitive than ever. Companies are looking for candidates who have more than just good grades.
They like hiring people who have some solid work experience, who have taken the effort to nurture their skill set, and who have the gumption to try out something extraordinary.
Having an international work experience, and that too in a place like Singapore, on your resume will effortlessly convey a great many positive things about you to your prospective employers.
They'll know that you have good international exposure, you are equipped with a strong skill set, and you will prove to be a key contributor to the organization's growth.
You will instantly stand out from the crowd. Your resume alone will tell the employers how independent, gutsy, and qualified you are for the job.
Furthermore, a Singapore internship will give you the chance to forge new professional contacts that could prove to be valuable in the future.
You'll be able to build a network of contacts that comprises of people from different parts of the world. You never know whose help at what time has the potential to take you to where you want to be in your career!
Why You Will Love Your Finance Internship In Singapore?
If by now you are thinking that Singapore is a place where all you can do is work then you might want to change that opinion, for Singapore is not just about work, it is just as much about fun too!
It is the perfect combination of work and travel opportunity that makes finance internships in Singapore so popular.
This city-state is blessed with many enthralling attractions, whether its nature, arts, or entertainment. There is not a moment of boredom in the buzzing life of Singapore.
Some of the most amazing places that you'll enjoy visiting during your internship are Marina Bay, Universal Studios amusement park, Gardens by the Bay, Clarke Quay, National Museum of Singapore, National Gallery Singapore, Singapore Botanic Gardens, National Orchid Garden, Singapore Zoo, Singapore Flyer, Chinatown, Little India, Jurong Bird Park, Flower Dome, among many others.
If shopping is what you are into, then you are in for a pleasant surprise since the place is every shopper's delight. Take a stroll down the Orchard Road and Burgis Street and treat yourself with a wonderful shopping experience.
The nightlife scene is just as vibrant as the shopping scene. Partying in some of the finest clubs or spending a relaxed and casual evening at a cafe, you can take your pick.
Singapore has so many opportunities to work and have fun, as well as for creating some beautiful memories.