Master of Science in Wealth Management (MWM)
Singapore, Singapore
DURATION
12 Months
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
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EARLIEST START DATE
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STUDY FORMAT
On-Campus
Key Summary
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Introduction
In recent years, the proliferation of investment products and innovative financial services has contributed to the steady growth of wealth management as an attractive and lucrative service sector within the financial industry around the world. At the same time, rapid product development and technological advancements, changing needs of clients, and the globalisation of businesses are posing new challenges for professionals in wealth management. There is an ever-growing need for professional education and training programmes to enhance the level of knowledge and professional services in wealth management, especially in the Asia Pacific region. The MSc in Wealth Management programme has been developed to cater to this need.
The Master of Science in Wealth Management (MWM) is ranked first in Asia and third in the world by Financial Times in its 2020 Masters in Finance post-experience ranking. It incorporates a unique overseas experience in Switzerland and the United States where you learn from top practitioners and academics, and be hosted by leading financial institutions who support this global programme.
MWM is a 12-month full-time programme designed to meet the needs of both aspiring and seasoned wealth managers who wish to deepen their skills, knowledge and expertise. The modular structure allows professionals to pursue a Master’s degree while working, and those without wealth management experience can embark on an internship to enhance their employability. The programme’s curriculum has also incorporated the relevant examination and certification for private banking.
Program Outcome
Upon completion of MWM, the individual will receive a Master’s degree from SMU. All this within just 12 months across three continents.
Designed in close consultation with the wealth management industry, the curriculum is regularly reviewed to reflect industry developments. There is a careful balance between the theory and practice of wealth management. The programme is taught by experienced faculty and competent industry professionals who share their knowledge and skills generously with the participants. Participants will have ample opportunities to meet their peers and industry captains in seminars, talks, internships and site visits. Participants without wealth management experience are encouraged to take part in the internship programme to gain relevant experience and enhance their employability.
The programme is also recognised as a partner of the CFA Institute.
Curriculum
The graduation requirement is 15 Credit Units (CUs). The core curriculum consists of 13 CUs and both electives and internships consist of 2 CUs respectively. Students without employment will need to fulfil 2 CUs with internship/electives, while students with employment are exempted from internship and will fulfil 2 CUs with electives only.
Study blocks will comprise classes, assignments, case studies, field trips, projects, team activities, evening talks, and social gatherings.
Internship
Students who do not have a background in wealth management are to do internships. We will assist students as far as possible to secure placements.
- A number of corporations are offering to host potential candidates as interns in their respective organisations for different duration, ranging from three months to the entire length of programme of 12 months.
- The exact number of internships will vary over time.
- Candidates keen to participate in the internship scheme must indicate their interest in their application form.
It is envisaged that internships will incorporate some or all of the following activities:
- Exposure to different aspects of wealth management
- Briefings and tours of departments
- Brief assignments during rotations through departments
- Attachment to a senior officer as a mentor
Companies that have hired our students include ABN AMRO, APS Asset Management, Bank Julius Bär, Bank of Singapore, BNP Paribas Private Bank, Capital International, Citi Private Bank, DBS, Deutsche Bank Private Wealth Management, GIC, HSBC Private Bank, Lion Capital, Morgan Stanley, NTUC Income, OCBC Bank, Pioneer Investment Management, Standard Chartered Bank, State Street Global Advisors, Temasek, UBS AG, UOB Asset Management and United Overseas Bank.
Admissions
Career Opportunities
Past participants of the programme include:
- Private Bankers
- Asset Managers
- Fund Managers
- Investment Professionals
- Aspiring Wealth Managers
Practising wealth managers, including relationship managers, product specialists, premier banking officers and independent financial advisers will find the programme useful in deepening or broadening their investment knowledge. The programme covers the whole value chain of wealth management and discusses strategic developments in the industry useful for career advancement. The programme coverage is over and above the CFA curriculum.
The programme will also greatly benefit investment managers who carry out asset allocations, risk management, security analysis and other related functions. This group of professionals would also include research analysts, managers of mutual funds and closed-end funds.
Aspiring wealth managers will find this an excellent post-graduate degree to hone their skills and enhance their knowledge of wealth management. They will also find this programme an excellent platform to network with wealth management professionals to progress their careers.