I can explain. Cambridge University has a "Tripos" system, which is like a honours system. Basically you complete 2 years doing a broad base followed by a year of specialisation. So the TS is basically looking to do 2 years in PPS and then a final year specialisation in management and can graduate with a BA in Management after 3 years. However, usually Tripos is limited to really good students (and you can imagine that at Cambridge, competition is truly difficult) and admission into the program is competitive (like getting into honours in Singapore). What's unusual is that the TS has already been told that he is already admitted into the Management Tripos before he's enrolled as long as he achieves certain grades. He must be an extraordinary applicant.

My daughter is looking at that program and we calculated the total cost for 3 years to be S$150K including housing