Global State of the Market Report
In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 10,000 professionals on Advisory Boards in Singapore and has projected a growth of 120% for the sector in Singapore.
Singapore’s Advisory Board Landscape
Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Singapore. As an emerging sector, advisory board professionals may have opportunities in key sectors including – banking and finance, international trade, and real estate – and are encouraged to stay open-minded to start-up and emerging industries.
There is a growing opportunity for professionals to increase participation in Singapore by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.
Future Growth Opportunities
With targeted investment in the start-up and scale-up initiatives, capability development and industry clusters, Advisory Boards thrive in these environments. Maintaining best practice in Advisory and Advisory Board activity would be in line with this growth.
