Singapore MBA schools benefit from financial crisis

Recently, the news highlighted that Master of Business Administration ("MBA") schools in Singapore are benefited from the recent financial turmoil. At the brink of the crisis, more and more people enrolled into business school, and peruse master program as an personal improvement and resume enhancement.

In Singapore there are a few business schools offer MBA programme, namely: Nanyang Business School, National University of Singapore, Insead Singapore, Singapore Management University, University of Chicago Graduate Schoold of Business, etc.

The increase could probably explained by the competitive labours markets, where decreasing number of work forces are required in Singapore. Hence, we will see the application number to surge. On the other hand, it will be getting tougher to secure a seat in MBA school, given the fact that the applications has increased. For instance: The University of Chicago Graduate School of Business, which opened a Singapore campus in 2000, has seen a surge in demand, too. Now only one in three applicants lands a place on its programme.(Quoted from efinancialcareers.sg)

Are you interested in applying too ?

NOL to slash 1,000 jobs

Recession has started to kick-in , not only the corporate world is affected, but also certain residents in the country. Subsequent after the retrenchemnt in DBS, another coporate giant in Singapore, NOL has announced the retrenchment exercise in Nov 2008.

Neptune Orient Lines is cutting 1,000 jobs, or approximately 9% of its workforce. However, majority of the retrenched / to-be retrenched employees are based in North America.

Shipping industry is affected by the slowing-down global economy. Idle capacity/ excess staffs are the main target area of the board to cut the costs to survive through the recession.

DBS issue retrenchment notice

Subsequent to last week announcement about plan to retrench 900 employees, DBS has issued / given out the retrenchment notices to the affected employees today.

We are going to have a hard time to fight through this recession. Guys, let's bond firmly and stay clams. There will be lights at the end of the tunnel.

Industry with High Risk of Retrenchment

I readed a news ( http://www.sinchew.com.my/node/89927?tid=2) about "What might be the industry with higher risk of retrenchment", and the results are as follows:

5 industries with higher risk of being retrenched:
- Banking & finance
- Manufacturing
- Travelling & services
- Luxurious & retails
- Transportation & aviation

5 industries with lower risk of being retrenched:
- Law
- Accounting
- Public services
- Health
- Energy

Which industry are you in ?