“Singapore job market is tough now” — Aspiring bankers resort to skipping university classes for multiple internships

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

One even said he withdrew from his university classes mid-semester to seize what he saw as a “once-in-a-lifetime opportunity.”

Singapore’s aspiring bankers are increasingly skipping classes to opt for multiple internships, a trend known as internship stacking.

Mr Kang withdrew from his university classes mid-semester to seize what he saw as a “once-in-a-lifetime opportunity.” After starting his internship in March, he spent two semesters away from school, likely delaying his graduation.“The job market is tough now, so this has given me a starting point for my career,” he said. Despite taking only one class to attend his internship, he had to pay S$5,750 in school fees.

The pressure to accumulate internships was especially intense for those targeting positions at top-tier banks like Goldman Sachs and JPMorgan Chase. These firms saw a surge in internship applications, making the process highly competitive. On the other hand, JPMorgan received 493,000 applications for 4,000 global internship slots, marking a 15% year-on-year increase in Asia-Pacific applicants.

Currently interning at a bank, Lee had to cram seven classes into her final semester to graduate on time.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Why Singapore firms are entering the German market, and how Enterprise Singapore is helping themEnterprise Singapore, which champions internationalisation, said it has seen a spike in companies exploring opportunities in Europe post-pandemic.
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »