PSB Academy

PSB Academy is a private educational institution (PEI) that offers certificates, diplomas, bachelor's and master's degree programmes in Singapore. It is registered under SkillsFuture Singapore (SSG).^[1]

PSB Academy

Type	Private
Established	1964; 61 years ago (1964)
Accreditation	EduTrust Singapore
Campus	PSB Academy City Campus PSB Academy STEM Campus
Website	www.psb-academy.edu.sg

There are six schools in PSB Academy, the School of Foundation Studies, School of Business and Management, School of Engineering and Technology, School of Life and Physical Science, School of Postgraduate Studies, and the Digital Academy.

History

PSB Academy was established in 1964 as a small Productivity Unit and later became the National Productivity Centre under the purview of the Economic Development Board. In 1972, the National Productivity Board (NPB) was established, which led to the launch of the National Productivity Council and the Productivity Movement. In 1986, NPB’s mandate was enhanced to implement a total approach to productivity and in 1988, the Management Services Supervisory Development Division was formalised to become a full-fledged institution known as the Institute for Productivity Training (IPT).^[2]

In 1996, NPB and Singapore Institute of Standards and Industrial Research (SISIR) merged to form the Singapore Productivity and Standards Board (PSB) and the IPT changed its name to the PSB Institute of Productivity Training (PSB-IPT). As part of the government’s restructuring efforts, PSB was corporatised in 2001, and IPT-PSB was renamed to PSB Academy, which was then privatised in 2006 and owned by testing and certification firm TUV SUD.^[2][3]

In 2006, Baring Private Equity Asia (BPEA) bought over PSB Academy from TUV SUD.^[3]

In 2017, PSB Academy opened a City Campus, which cost S$15 million, at Marina Square.^[4]

According to PSB, the investment will "bolster the Academy’s momentum of catering to the rising demands of Asia's under-served higher education need". Last year, the academy opened satellite campuses in Myanmar and Indonesia, after opening a S$15 million campus in Marina Square.

On January 2018, Intermediate Capital Group (ICG) bought PSB Academy from BPEA.^[3]

In November 2022, PSB Academy launched a STEM Wing in Marina Square, as part of the S$10 million expansion of its City Campus.^[5] Its latest addition includes the Cathay Campus, which is slated to open in early 2025.

Campus

PSB Academy currently has its campus located at Marina Square.^[6] It originally had its campus located at Tiong Bahru.^[4]

Graduate employment

A 2023 Graduate Employment Survey (GES) by PSB Academy shows an impressive 84% employment rate within 6 months of exams, a significant increase from 78% the previous year.

Accreditations

• 4-year EduTrust^[7]
• National Business Award in Education, Singapore Business Review (2017, 2018, 2021,2023, 2024)
• Best Educational Institute - Singapore, APAC Insider^[8] (2019)