Call a series of coincidences but around a week ago, the
day job boss raised one of the sore points between us in a prospect meeting. He
mentioned that in nearly a decade I had refused to take up a course in
accountancy or to become a member of the Institute of Singapore Chartered Accountants
(“ISCA”), despite the multitude of offers to pay for the course and also the
fact that if I were qualified, I’d become so much more employable in Singapore’s
market for insolvency practitioners.
This meeting happened two days before the Member of
Parliament (MP) for West Coast GRC, Mr. Ang Wei Neng was forced to make a
public apology after a public outcry for suggesting that degrees issued by
local universities come with a “time-stamp,” thus forcing people to “renew” the
validity of whatever they had learnt in university. More on the story can be
found at:
These two incidents highlight the one of the most prominent issues in Singapore today – the question of qualifications. Singapore is obsessed with paper qualifications. We famously send our best and brightest the world’s best universities and give them very cushy roles in the government. At the same time, we’re also complaining that despite claiming that the National University of Singapore (NUS) is a world class university, the graduates are losing out to the graduates from the University of Rubber Prata Pundek (URPP), based in Sathyavani Muthu Nagar, that exquisite part of Chennai.
This question
of qualifications makes it easier to see the fault lines in Singapore’s social
fabric. Think of us as being like Chicago in the movie “Divergent” where we’re
grouped into fractions based on our paper qualifications. There are the elite
running the parts of Singapore that count. These are inevitably run by Oxbridge
or Ivy league graduates. Then there’s the “Paper-less” who are like the “Factionless”
in the movie. They do the grunt work. Finally, you have those who occupy the
space in between. This used to be stuffed with graduates from the local
universities but over the course of the last decade, this group has been
claiming that they’re bring screwed by the Ivy League and Oxbridge graduates
who have invited the graduates from URPP to take the jobs that were once the preserve
of local graduates.
So, what is the
solution to help the local graduates? The solution has thus been to rely on a
very Singaporean strength – taking exams. To “protect” the local graduates, the
government has decided to “professionalise” certain professions by creating
another layer of paper qualifications. In theory, this means that if a URPP
graduate gets into a profession at the ground level, he or she will need to “professionalise”
with “real” qualifications every so often, which would in theory put them at a
disadvantage against the local graduates who have spent a lifetime mastering
the fine art of taking and acing exams.
As with just
about every proposal coming out of the Singapore elite, there is an amount of “good”
in the idea. Doctors, lawyers and accountants, for example need to gain a
license to practice. In law and accountancy there is a requirement to maintain a
certain number of “professional points” a year to keep their license and the
said points can only come from attending a number of training courses.
This is not a bad
thing in as much as you want certain professions to be “up to date.” To
paraphrase a former US President – “if you need surgery, you will want your
surgeon to know everything there is to know about that surgery.” It is imperative
to ensure that people practicing a certain profession are constantly up to date
on whatever they need to be up to date about.
However, whilst
it is good to encourage “life-long” learning and staying up to date on certain
developments in a profession, there is a point where more exams does not equal
greater “professionalism” but jobs for unusable bureaucrats. Take the exams
that real-estate agents and insurance professionals have to take in order to get
qualified.
Think of these
exams as being like a member of an actor’s union. I remember a speaker at my
school’s current affairs program telling us that “You need to be a member of
the Actor’s Union in order to work as an Actor and 90 percent of Union Members
are unemployed.” Aspiring real estate agents, for example, need to sit for a myriad
of exams in order to work as real estate agents and yet they won’t see a penny
from real estate until they sell a house.
The insurance
business tries to justify this by “rebranding.” Go to enough insurance agency
recruitment sessions and you’ll find the common refrain being “Insurance agents
are a sunset industry – financial planning is a sunrise industry – you will be
financial planners.” What is not said is that the job is essentially the same –
you’re still selling financial products.
Sure, sales people
do need to know what they’re selling and they need to be aware of a “code of
ethics.” However, do you need more government mandated exams to do what should
be done in-house?
It’s always
good to have a level of “professionalism” in anything that you do. However,
beyond a minimum, you shouldn’t impose more exams than necessary unless those
exams have a very specific purpose towards the way the profession or industry
should go. Adding exams beyond that only benefits repressed bureaucrats who were
too afraid to take the plunge into doing anything useful.
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