And it's so not a recession proof career, if you have a macroscopic view of HR of Singapore. A lot of accountancy students after CMI/fail the auditing route (of which they get a meagre starting salary), go the finance route- work as finance executive (promote to finance manage if can make it) which is the management of money of a company. When companies (SMEs) close down or move out of SG (foreign) in a recession, out their jobs go. Recession proof job is teacher, pastor, police, soldier.

By the way. A lot of NTU accountancy and NTU communication studies graduate to become insurance agents with Prudential and AIA.