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Join the family firm? Only 1 in 5 grads say yes

Globally, 3.5 per cent will do it straight after graduating, 4.9 per cent will wait 5 years; figures for Singapore even lower.

The study found that succession intentions are higher in cultures that take pride in the family and in one's organisation, respect power and authority and prioritise job and economic security.

JUST one in five college students globally are interested in taking over the family firm, says a study that has examined the succession intentions of more than 34,000 members of next-generation family businesses.

The EY study, carried out by the University of St Gallen Center for Family