PSB Academy Company Profile

Background

Overview

Established in 1964 under Singapore's Economic Development Board, PSB Academy has evolved into one of Singapore's leading private education institutions, often referred to as "Asia's Future Academy." With a heritage spanning nearly six decades, the academy has produced over 200,000 learners. Its mission is to provide quality education that shapes and nurtures future-ready graduates equipped with the necessary skills to thrive in a digitally-driven economy.

Vision and Mission

Vision: To be the premier tertiary education provider nurturing future talents with a global orientation.

Mission: PSB Academy is a trusted education provider, committed to providing accessible quality education that nurtures and shapes individuals to enable them to achieve their personal and professional best.

Core Values

Forward Thinking: Agile, innovative, and proactive to be future-ready.

Passion: Delivering the best to help everyone achieve their best.

Excellence: Providing holistic, best-in-class education and development for all.

Nurturing: Fostering a caring learning environment by supporting students, staff, and partners.

Key Strategic Focus

PSB Academy emphasizes performance in the New Economy by offering industry-relevant education across various disciplines. The academy has a strong focus on Science, Technology, Engineering, and Mathematics (STEM) education, underscored by the launch of its STEM Wing—an innovation hub equipped with high-tech, industry-approved labs and facilities. This initiative aims to bolster STEM education and prepare students for the demands of a digitally-driven economy.

Financials and Funding

In January 2018, Intermediate Capital Group (ICG) acquired PSB Academy from Baring Private Equity Asia. This acquisition marked ICG's second investment in the education sector within the Asia Pacific region, positioning PSB Academy for further growth and development.

Pipeline Development

PSB Academy offers a diverse range of programs, including certificates, diplomas, bachelor's, and master's degrees across disciplines such as business management, engineering, life sciences, hospitality, tourism, and media communications. The academy collaborates with renowned global universities to ensure high academic standards and industry relevance. Recent program additions include a Master of Business Administration in Finance and a Master of Science in Renewable Energy Engineering, reflecting the academy's commitment to addressing industry demands and global challenges.

Technological Platform and Innovation

Proprietary Technologies and Facilities

The STEM Wing at PSB Academy's City Campus is an innovation hub featuring high-tech, industry-approved labs and facilities. It includes dedicated laboratories for life sciences, sports sciences, electrical and mechanical engineering, and a robotics lab, emphasizing the importance of technology in modern education.

Significant Scientific Methods

The academy employs advanced pedagogical approaches, integrating practical, hands-on learning experiences with theoretical knowledge. This methodology ensures that students are well-prepared to meet the challenges of the New Economy.

Leadership Team

Derrick Chang: Chief Executive Officer

Oversees the strategic direction and operations of PSB Academy.

Dr. Charles Ong: Head of School of Life and Physical Sciences

Provides academic leadership, ensuring high-quality learning experiences in life sciences.

Dr. Balamurugan Karuppiah: Head of School of Engineering and Technology

Ensures quality teaching and up-to-date curricula in engineering and technology programs.

Leadership Changes

In January 2018, following the acquisition by Intermediate Capital Group, PSB Academy continued under the leadership of CEO Derrick Chang, focusing on expanding its educational offerings and infrastructure.

Competitor Profile

Market Insights and Dynamics

The private education sector in Singapore is highly competitive, with institutions striving to offer industry-relevant programs and state-of-the-art facilities to attract a diverse student body.

Competitor Analysis

Temasek Polytechnic: Established in 1990, offering a wide range of diploma programs.

Curtin Education Centre Pte Ltd: Founded in 1986, providing undergraduate and postgraduate programs in collaboration with Curtin University.

Kaplan Singapore: Offers a variety of academic and professional programs, including partnerships with international universities.

These competitors focus on delivering quality education and have established strong industry connections to enhance student employability.

Strategic Collaborations and Partnerships

PSB Academy has established partnerships with renowned global universities, including Coventry University, University of Newcastle, and La Trobe University. These collaborations enable the academy to offer a diverse range of programs and provide students with international perspectives. In 2021, PSB Academy signed a memorandum of understanding with Webster University to explore opportunities for delivering undergraduate and postgraduate programs in Singapore.

Operational Insights

PSB Academy's strategic initiatives, such as the launch of the STEM Wing and partnerships with global universities, position it competitively within Singapore's private education sector. The academy's focus on industry-relevant education and state-of-the-art facilities provides a distinct advantage in attracting students seeking practical and future-ready learning experiences.

Strategic Opportunities and Future Directions

Looking ahead, PSB Academy aims to expand its program offerings, particularly in emerging fields such as renewable energy engineering and finance. The academy plans to strengthen its industry partnerships to enhance student employability and explore opportunities for international collaborations to broaden its educational reach.