Yeah, in the initial years the concern has always been, “You’re more expensive [and] you take longer. Why should we send our children to you?” So, you have to address that concern in the sense that, I always tell the parents, “The university philosophy has always been [that] nobody should be deprived of a university education because of financial concerns.” And I said, “Look, at School of Accountancy especially we have our own scholarship to help students, especially students that have got financial problems.” I said, “If its financing that’s a problem, I don’t think you all need to worry too much about it, okay?” I said as far as number of years are concerned, my favourite answer has always been, “You as a working parent, you know how long your working life is going to be,” and I said, “In Singapore, it’s going to get longer and longer.” I said, “By the time your kid is going to retire, you’re lucky if the retirement age is not 70.” Like I said, I’m seeing it coming, and already it is coming. It’s going to be 62, it’s going to be 65, it’s going to be 67, it’s probably going to be 70, if the need arises. What choice have we got? And I said, “Look, what’s one more year?”
I always tell the kiddos, I said, “You know, you go and talk to any university graduate—when you’re in university, you’re dying to get out. After one year of working life, you’re dying to get back into the university.” So I said, “Why do you want to rush? [You] might as well enjoy yourself, really fill yourself with all the requisite skills that you need to do well in the corporate world.” And I said, “Look, we are giving you an opportunity to become, not just a specialist, but a specialist with a much broader understanding of all the other areas that will make you a good accountant. Why do you want to rush and just become a specialist and be so narrow in your focus and about everything else?”
I think the first two batches reacted to them extremely well. I think they came with the expectation that it was going to be different. They were happy to have a different way of learning, and I think they were a lot more enthusiastic. They were more willing to ask questions.
Sure, I mean, in terms of facilities there were a lot of things that were not as freely available. So for example, the library facilities weren’t as great as the other two universities when we first started. Now we have this spanking fabulous library. A lot of things that we have now, we didn’t have it then. The great thing about the first couple of batches, were that they were so innovative. They make do with what they have and they make the most out of everything that they have. There were no CCAs [Core Curricular Activities], we didn’t plan for CCAs. The students started their own CCAs.
Oh yeah. Actually a lot of us started with University of Singapore, that was way back in the Bukit Timah campus. So when we first started with SMU in Bukit Timah campus, it was more like a homecoming for all of us. And in the SU [University of Singapore] days, in the NTI [Nanyang Technological Institute] days, the NTU days, even in the joint campus days, it was like lecture, tutorial sort of a system.
I still remember when I was in NTU I was lecturing in one of the lecture theatres that I think it’s LT1 [Lecture Theatre 1] that can sit a thousand people, and it was for the first year and I was teaching OB [Organisational Behaviour], and you can more or less tell that the first 10, 15 rows of students are there to learn, and then those people who are right at the back, you know, they are there because they have to be there and that’s about it. And I always tell my students here that, you know, that as far as I’m concerned I’m teaching a smaller group because they are there because they want to learn. But there’s no interaction in the sense that when you give a lecture, there’s no interaction.
And the tutorial system was different from what we have in our seminar system. The tutorial system is where you have prepared questions and all the students are interested in is your model solutions for the tutorial questions. So at the end of the class every student will ask you, “Can I have the suggested solution?” and I think some people even printed the suggested solution for the students to get them off their backs so as to say. Whereas here in SMU, the interactive teaching style is such that the questions just arise when you are discussing a particular topic so the students ask the questions and you answer them. Sometimes because of the question that the student asks, you have other questions that you think are related so you post it back at the students. And you get them to think about the problems and the questions that arise and, you know, you get them to try and work out some form of solutions. I think it’s a lot more fun teaching in SMU than teaching in NTU or NUS.
I think they were a very unique bunch of people. By nature I think they were more risk takers, to be willing to join a new university without any history, without any so-called benchmark that they can use. And they were more go-getters, people who were willing to try anything and everything.
But here I think the responsibilities are much greater in the sense that the future of the younger generation literally is in your hands. How you mould them and how you shape them is something that’s going to impact on what they are going to be in the future.
Professor Hwang Soo Chiat is one of the SMU ‘pioneers’, a member of the start-up team for Singapore’s third university. Today he is an associate professor of accounting at SMU. In December 2005, he was named Outstanding Teacher in the School of Accountancy. His research interests are in the use of accounting ratios for prediction of bankruptcy of companies, corporate governance, behavioural accounting, and changing cultural values in Singapore.
Professor Hwang joined the National University of Singapore as a lecturer in 1979. Later, he became an associate professor at Nanyang Technological University where he taught at both the graduate and undergraduate level. His administrative appointments with Nanyang Technological University included head of the division of marketing and business policy, and head of two centres—the School of Accountancy and Business Research Centre and Entrepreneurship Engineering Research Centre.
Professor Hwang has extensive experience in consulting and executive teaching and his clients include the Civil Aviation Authority of Singapore, Institute of Certified Public Accountants of Singapore, Ministry of Finance (Singapore), Singapore Technologies Pte Ltd, and Singapore Turf Club.
He received his bachelor’s in accounting from the then University of Singapore; master’s degree in economics from Monash University, Australia; and his PhD from Macquaries University, Australia. Professor Hwang is a chartered management accountant (UK) and a fellow certified public accountant (Singapore).