Student Report Name of the University: Singapore Management University Exchange semester: Spring 2015 I. PRACTICAL INFORMATION Before leaving Norway We received an email at the beginning of September regarding how to apply to the school as an exchange student. There is a lot of information and a lot of different timelines so you should read through it thoroughly and note the different deadlines. The whole application is online, but we occurred some issues with links not working and overloading of servers, so it is a good idea to do it as soon as you get the information. If you have any issues you should contact the school, and they will answer quickly. After applying online, we had to pay some fees and upload a photo for the student card etc. The acceptance package was sent to us in the beginning/middle of November, and we were sent more information on how to register for courses and information about meetings after our arrival. Applying for a visa (if applicable) The school gives you all the information you need in regards to a student visa and applies for you. You will need to pay around 90 SGD or 500 NOK for issuing a multiple entry visa, and make an appointment for picking up your student pass once you get to Singapore. Be sure to print out all documents needed and bring them along to make the experience smoother. Travel We arrived at the 29th of December, and the trip cost us around 5 200 NOK each with Emirates. You could alternatively try to find a flight to Kuala Lumpur in Malaysia and then take the bus (approx. 5 hours) or a flight to Singapore from there. It might save you a lot of money, as we experienced flights being a lot cheaper from there in general. On the way home we first travelled to Hong Kong to visit some friends, and found a flight home with Aeroflot for 2 800 NOK at the end of April. Housing Housing was not provided by SMU, but they did reserve spaces at a local hostel for international students (35 min away from the school). Through the Facebook page for SMU exchange students you could also find roommates if you needed to find someone to live with. However, judging by what other students who lived there said, the conditions were not very good, and you would have to share a bathroom and kitchen with a lot of other people. We recommend renting an apartment instead, and a lot of exchange students did. Some popular apartment complexes in the middle of the city were Sophia Residences and City Square Residences. We lived in a condo near Jurong East, called Parc Oasis, which is around 25 min away from the school with the MRT. We would recommend living there as rent is cheaper (e.g. you can get your own room), especially if some of your roommates are attending NTU. Costs Rent SGD 1,200 Books SGD 0 Food SGD 400 Transport SGD 65 Other 50 Professors provided a lot of material in PPT’s from their lectures, so you would not have to purchase a book in all courses. If you were to buy a textbook it would typically cost around 50 SGD, though you might also be able to find pdf’s of the required books online free of charge. Culture and language Everyone spoke English, however because of a large Chinese population they speak a dialect called Singlish in which they mix in Chinese words, expressions and sentence structure. Because of this it can be difficult to understand, especially if you are not so proficient in English, but most people will gladly repeat themselves/speak slower if you have any issues. The country has a very diverse culture as the population is very mixed. The majority of people are of Chinese heritage, so you will notice a lot of Chinese culture. You will also see a lot of Indians and Indian culture, as they are the second largest demographic. The country also bears signs of having been an English colony. As you can probably tell, there is a lot to experience in this small country. It has gone through a massive modernisation in the last 50 years, and is now one of the major financial hubs of Asia. As a result of this, there are a lot of impressive modern architecture, such as the Marina Bay Sands, to explore. II. ABOUT THE SCHOOL Please describe: The school is located in the middle of the city, in walking distance from a lot of great restaurants, sightseeing spots and shopping malls. The school itself is split in different faculties for different areas of studies, such as business, accountancy/law, information sciences and social sciences/economics. Most exchange students are studying business, so you will most likely have your classes in the school of business. Course registration Course registration for exchange students started at the beginning of December. You were awarded 100 eDollars, and had to bid for courses. SMU sends you some information on which courses are popular beforehand, so you should expect to bid a bit more for those courses. We initially bid 25 dollars for each of the courses we wanted during the first window, and got all but one. If this happens it is not a problem, as you get a lot of opportunities to bid for courses later on. Once classes started a lot of students were switching courses, so if you are not pleased with the professor or course it is better to switch. The add/drop period lasted until week 7, but if you changed any courses after week 3 you would get a grade penalty. We recommend avoiding courses late on Wednesdays or early on Thursdays as most students go out on Wednesdays for Ladies Night at local bars and nightclubs. A good idea is also to register for classes on only two or three adjacent days (for example two classes on Monday and two on Tuesday), as you get more opportunities to travel during the weekend. Academic calendar Arrival date 29 December First day of the semester 5 January Last day of classes 3 April (Week 14) Examination period 13-24 April (Week 16-17) Any special events / Holidays 1 recess week during Chinese New Year Arrival Before leaving Norway you get the opportunity to sign up for a lot of events in the introduction week. These events are popular, so not everyone who signs up gets a spot. You are also assigned a buddy, but it is meant more for helping you if you have any difficulties in your studies than to get to know people. Many people only met their buddy once over coffee. There are a lot of events during the introduction week and semester in general, but it is generally initiated by other exchange students to meet up somewhere. The International Office We got all information we needed on email from the school. If there was something else we had questions about, they answered quickly on email or if you went to their offices in the SMU Admin building. Promoting BI and Norway The university did not host any events for exchange students to promote their home country/university, though a lot of local students were interested and asked us about it. Social activities As an exchange student you often become friends with other exchange students because of your similar circumstances. The locals were busier in terms of academics, but for instance by being on group projects with them you get to know each other. To our knowledge the school did not host any activities/students organisations for exchange students apart from in the introduction week. They did however bring events at bars/nightclubs to our attention through the Facebook group. III. ACADEMICS In the classroom The teaching style is very different from the one we were used to at BI. The classes have about 40-45 students, depending of the popularity of the course, and group work is heavily in focus. Be ready to do presentations if you have not done this since high school (videregående). The classes can be either practical or theoretical, depending on the course you are taking. The lectures usually consisted of the professor covering material in PPTs, questions/calculations, presentations by students, group projects, tests (multiple choice), etc. Most students dressed very informal in class (t-shirt, shorts and flip-flops), although many dressed up for presentations. The workload depends a lot on the course and what your starting point with the material is. Most courses, however, had a workload similar to that of BI if you work continuously throughout the semester. The school gives you some information before selecting courses on the popularity and which courses are taken mostly by juniors/seniors (3rd and 4th year students), so if you want to get easy courses you could choose courses taken by freshmen/sophomores (1st and 2nd year student). Course materials All courses had recommended books, but all of the material was covered by the professors in the lectures. They posted Powerpoints on eLearn, which is SMU’s equivalent of @BI. Exams The grades are split between final exam, midterm, class participation, projects, and assignments, and you have to show up for all of your classes. In addition, the school focuses a lot on group projects, and at some points we had group projects in all courses at the same time. The exams were generally based on what was covered in the lectures, and if you need to study some topics more in depth the professors will let you know. Library and technology The library had every facility needed, with sufficient equipment, group study rooms, and printing facilities. However, we chose to study at home, as it was more convenient. Group rooms were often occupied, as native students work very hard. Description of courses Course code & name Master / Bachelor Exam form Pre requisites Approved as Comments FNCE 226 Hedge Funds Bachelor 2-Hour written exam Finance Elective Very engaging course, high focus on participation and discussions in class. Medium workload FNCE 307 Portfolio Management Bachelor 2-Hour written exam Finance Elective Very interesting course if you’re interested in finance/trading with a good professor. Medium workload. MGMT 305 Enterprise Consulting Bachelor Group assignment consulting an external client (SME). Financial Accounting and Marketing. Instructors approval is needed before enrolling. Elective A very good course if you are planning a career in consulting as you work with an external client. Varying workload. OPIM 201 Business Processes Bachelor 2-Hour written exam None Logistics Interesting course about logistics, not very high workload. Be careful what professor you get as they structure the course very differently. QF 206 Quantitative Trading Strategies Bachelor 2-Hour written exam Finance Elective Interesting course, but the structure can be a bit confusing. QF 305 Global Financial Risk Management Bachelor 2-Hour written exam None Elective A course which gives valuable insights into to how Basel, Value-at-risk and other risk management systems work. In hindsight, being on exchange has been an excellent experience, and we would highly recommend it. Overall we were very pleased with our choice of country and school, and would definitely do it again. From an academic point of view, we think it is very nice to have been exposed to a different way of learning than at BI. You also become a better English speaker, especially in terms of being comfortable with speaking English, which is a huge advantage when it comes to future academics/work opportunities. We’ve also come to appreciate BI’s grading system a lot more as we have more freedom to study at our own pace. In terms of the social aspect, there was always something going on, and you get a lot of friends from different countries that you can later keep in touch with. You get to know a lot of locals as well, as you are doing group projects with them. Culturally there is a lot to experience in Singapore, and we were never short of opportunities to see new places. Because of Singapore’s location, it is also very convenient to travel to the surrounding countries during weekends, Chinese New Year, etc.