2020 has been a year of disruption. The coronavirus pandemic has accelerated the shift toward remote working and digital transformation, while prompting consumers to think differently about their buying habits.
According to a recent McKinsey report, many organizations have accelerated digitization projects by three to four years.
In this uncertain landscape, business schools have an important role to play: equipping leaders with the skills they need to grasp the new opportunities arising.
In Singapore, Nanyang Business School (NBS) has been empowering future business leaders with the relevant knowledge and tools to embrace the technological revolution, create positive impact and excel in Asia and beyond.
Situated within the tech and innovative ecosystem of Nanyang Technological University, Singapore (NTU Singapore), the school is well-placed to leverage technological innovation in a business setting.
Most graduates of the school’s flagship MBA program—the Nanyang MBA—go on to work in disruptive industries like technology (22%), finance (20%), and retail or e-commerce (15%), according to the school’s latest careers report.
To find out what the current disruption means for businesses, we caught up with three prominent NBS alumni who shared their insight on the opportunities that have emerged in response to coronavirus:
1. Unlocking the power of data
By 2025, the World Economic Forum predicts that humans will create 463 exabytes of data each day—the equivalent of over 212 million DVDs. As companies continue to capture this data, they face the challenge of working out how to use it.
For Catherine Tan, managing director and head of the data unit at CIMB Bank, this is the most important opportunity brought out by the accelerated digitization of 2020.
“A lot of the time, people may be a bit daunted by data analytics, but it’s essentially just pulling together the data, understanding trends, and trying to get some value out of that,” she explains.
Catherine graduated from NBS’ MSc in Financial Engineering in 2002. She was drawn to the innovative nature of the program, she recalls, which combined computing, mathematics, and finance.
"NBS had real foresight teaching these skills together so early," she reflects.
The program strongly emphasizes data analytics and gave her the opportunity to develop the analytical skills she has brought to the financial world.
“In my industry, we always talk about knowing your customer,” says Catherine. “And data can tell us a lot about someone’s lifestyle and choices.”
This is a great place to learn and interact with more like-minded people. The campus is something that stands out to me. The infrastructure is great and the university is very well-built. There is lots to do on the high campus, from a large number of eating joints to the numerous clubs and sports activities. I also quite like Singapore as a country, as there is so much to do around not very far from campus. The educational facilities are extremely good, there are lots of opportunities to take on research projects and do industrial projects, which I really enjoy. The only thing I dislike about NTU is that the number of international students is really low and I would like to see a larger international intake in the future. Definitely recommend for the amazing educational facilities and on-campus social life.
Student
Verified
12/06/2020
An international campus that provided diverse choices for students
It's a beautiful campus with a high degree of internationality, providing diverse choices for students in terms of research opportunities and career consultation. Also, scholars are knowledgable and very inspiring, and are good at motivating the thinking of students.
Student
Verified
12/06/2020
Great University
In overall, the university has met my expectations with its wonderful lectures and research staff. However, there are some issues with the administrative side, i.e. administration may give you different answers on the same question. Also, the university’s website often provides outdated information and it takes time to get what you need; perhaps there is not enough people for managing it.
Student
Verified
1/06/2020
Good resources
I would recommend. Good resources for research. Knowledgeable professors and instructors. Conducive environment for studying and doing assignments. Helpful staff and faculty. Food options are good. An overall good place to study.
Student
Verified
18/09/2023
On Campus
inefficient communication and lack of transparency
The administrative team at the university is slow to respond and is often inadequate in their responses and solutions. The uni is also unclear and resistant to explain their actions and motivations when carrying out policies or when questioned
Nilah
Verified
13/03/2024
On Campus
Formative experience for success
NTU prioritizes giving students ample time for independent research. The academic schedule consists of 6–7 weeks of study, followed by a week without classes, allowing students to catch up on any material they may have missed. This is succeeded by another 6–7 weeks of study, culminating in a week dedicated to final exam preparation and exams.
The curriculum is designed to be student-friendly, minimizing burdens such as excessive assignments, projects, exams, quizzes, and attendance requirements. This approach affords students the freedom to pursue personal interests and self-development. In my experience, each of the four courses I took had a comparable workload, typically comprising 2 assignments, 3 easy labs, 2–3 quizzes (some without), and 1 final exam.
In contrast, comparable courses at other universities often entail significantly heavier workloads, including 3 homework assignments, 5 projects, 5–6 pop-up quizzes, mandatory attendance, 2 midterms, and 1 final exam. Moreover, each project typically demands 3–4 days of work.
It is hard work, but it pays off.