Last Updated on December 31, 2021
Do you have any knowledge about mba in singapore? Do you ever feel confused? Do you often feel overwhelmed with all the information available on mba in singapore so you can’t figure out which one is correct? This article will let you know about mba in singapore.
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MBA in Singapore is a flexible 1.5-2 year program costing around 60,000 USD to 90,000 USD to international students. This for Indian students estimates up to 65 lakhs. For those looking forward to pursuing an MBA degree from Singapore, having around 80% scores in their bachelor’s, TOEFL score (92-100 or other equivalents), and GMAT/GRE results (optional for some universities) is important. Often the work experience requirement is posed by only a handful of MBA universities in Singapore.
Applicants must ensure that applications for MBA courses are sent within admission deadlines for Singaporean universities to be left with enough time to procure a student visa. With minimal admission requirements and an affordable MBA degree, Singapore has risen on the charts of popular destinations for the course among international applicants. Establishing its rich potential as a gateway to markets in Asia-Pacific and an overseas presence, Singapore offers ample job opportunities with a number of the world’s leading businesses. After completion of the degree, with MBA jobs in Singapore, one can expect to make up to 90,000 to 180,000 USD a year.
MBA in Singapore Top Colleges
Master of Business Administration (MBA) is an internationally recognized degree course that trains you on the skills required for business management and administration. The top business schools in Singapore offering MBA are tabulated below with their rankings and program durations:
|University||Program Duration||Tuition Fees (USD)|
|National University of Singapore (NUS)||17 months||45,000 (FT)|
|Nanyang Technological University (NTU)||12 months||45,000;|
|Singapore Management University(SMU) – Lee Kong Chian School of Business||1 year(10 weeks internship)||48,000|
|James Cook University||16 months||26,853|
|SP Jain School of Global Management||16 months||31,200|
|Nanyang Institute of Management||1 year||43813;|
|PSB Academy||16 months||23,688|
|Amity Global Institute||1 year||15,545 (university of London)|
15,546 (University of Northampton)
|ESSEC Business School||1 year||51,805 USD|
NUS offers specialized management programs for students with an engineering background to learn and continue in fields related to their previous studies. With some popular business schools offering MBA programs with global standing, Singapore is now catching up with the race of becoming a heavy-selling MBA brand.Executive MBA
Best Executive MBA in Singapore
Executive MBA is a professional degree offered to executives and professionals who wish to add educational value to their pre-existing experience and learning. Some of the famous B-schools for their Executive MBA in Singapore are as follows:
|University||Program & Duration||Approx Tuition (USD)|
|NUS||UCLA-NUS Executive MBA (15 months)||125,000|
|NUS Executive MBA (15 months)||77,000|
|INSEAD||Global Executive MBA (14-17 months)||130,000-140,000|
|Tsinghua INSEAD Executive MBA||125,000|
|SMU||SMU Executive MBA||130,000|
Why Study MBA in Singapore?
- Singapore is a country that lays a lot of importance on the education sector with 19.96% of its total expenditure invested on Education out of which 35.28% invested in higher education.
- It also holds home to five of the best universities in Asia according to the Times Higher Education World University Rankings
- The National University of Singapore and Nanyang Technological University at no.1 and no.5 respectively.
- Many private universities like INSEAD, James Cook University, MDIS, SP Jain School of Global Management are among the top universities globally.
- Four business schools in Singapore were recognized by Financial Times Global Rankings-2020
- This includes INSEAD, NUS, Nanyang Business School, and SMU
- Studies say that in 2019, MBA enrolment at Singaporean business schools shot up to 3,531 blooming with international students from China, Vietnam, and India.
- Many universities in Singapore have tie-ups with foreign universities, inviting students from across 30 countries around the globe.
Admissions to MBA in Singapore
MBA courses in Singapore are popular for their transformative and experiential learning making it popular among students. In the sections below, you will go through the overview of the admission process & requirements in Singapore and other details you must be aware of as an international student who wants to pursue studies in Singapore.
How to apply
Most universities have online application forms. The intake for aspirants for MBA happens in three months,September, October, and January. For most of the popular business schools in Singapore, the commencement of the MBA program is inApril.
MBA in Singapore Deadlines
International students can send in their MBA applications by the following deadlines:
|MBA at INSEAD||Mar 5, Apr 23, |
Jun 18, Jul 30
|MBA at NUS||Aug 30, Oct 28,|
Jan 17, mar 31
|MBA at NTU||Nov 1, Jan 15, Mar 31|
|MBA at SMU||Mar 15, Jul 15, Oct 30|
|MBA at SP Jain||Currently Open (September)|
MBA in Singapore: Eligibility Criteria
When planning to study in Singapore, an applicant is required to fulfill certain requirements for successful admissions at popular business schools. Eligibility for MBA in Singapore includes the basic criteria that every applicant must fulfill for most of the business schools and university-specific criteria. The latter basically deals with the specific score requirements for pursuing MBA from a specific business school in Singapore. MBA Eligibiity
General Eligibility Criteria
- Language Proficiency Tests- IELTS, TOEFL( For non-native English speakers)
- GMAT/GRE scores, not mandatory
- A Bachelor Degree in any field from any recognized university
- A minimum of 2.8 CGPA at the graduation level. This is equivalent to 83% or B grade.
- A minimum 2 years of working experience
University Specific Eligibility Criteria
tabulated below is the detail of specific scores and other additional eligibility that international students may have to fulfill for pursuing an MBA in Singapore
|University||Scores||ELP Test Scores||Application Portal|
|INSEAD||GMAT score required||TOEFL – 100, IELTS – 6.5, PTE-68|
|NUS||GMAT-600||TOEFL cBT: 260, IELTS: 7.5|
|Nanyang Technological University||GMAT: 600||IELTS: 6.5, TOEFL: 100|
|Singapore Management University||GMAT: 600||TOEFL: 100, IELTS: 7.0|
|James Cook University||Preferred||TOEFL iBT: 90, IELTS: 6.5|
|SP Jain School of Global Management||GMAT: 650||IELTS- 6.5, PTE-600|
|Nanyang Institute of Management||GMAT: Required competitive score||IELTS: 6.0, TOEFL: 100|
|PSB Academy||GMAT preferred, 3 years work experience||TOEFL- 93, IELTS-6.5, PTE- 64|
|Amity Global Institute||GMAT: 610||TOEFL: 92, IELTS: 6.5|
|ESSEC Business School||GMAT: Competitive||TOEFL: 100, IELTS: 7.0|
Applicants must note that having previous work experience is always an added advantage when making applications. As GMAT and Work experience have a weightage of their own when admission decisions are made, it is always suggested to the applicants to ensure that these are not missed out while sending in their applications.
MBA in Singapore Requirements
The documents required when sending in your applications for Singaporean Universities and B-school are discussed below. For most of the documents, scanned copies can be sent along with the applications. Original documents may be required to be submitted at the time of enrollment with the university:
- Application fees Receipt
- Passport details
- Student Pass (for non – Singapore citizens)
- Past academic documents
- Tuition grant: if applied for any
- Financial aid applications
- Awards/ Recognitions/ co-curricular activities/ extracurricular activities/ competitions
- Criminal Offence records, if any
- Medical report stating any disability or illness
- Scores of tests are required for studying in Singapore.
Costs & Tuition
MBA in Singapore Costs
The cost of study when studying abroad broadly comprises all your expenses from pre-departure to post-departure and tuition fees for an MBA in Singapore. Detailed below are the expenses an international student suffers when planning to study in Singapore. It is always preferred that student is familiar with the expenses and plans ahead of them, to ensure a smooth experience.
These are mostly one-time expenses which include the cost of various application fees, like Singapore student visas, application fees of colleges, tests required to study in Singapore, etc. Some of these are listed below:
|Type of Expense||Cost (USD)|
|Visa Application Fees||42|
MBA in Singapore Fees
For MBA in Singapore, the fees range from 15,000 USD to 90,000 USD, depending on the university. The latest survey established by Singapore Business Review shows that on average, an MBA Degree in Singapore can cost you around 100,000 USD including tuition fees, accommodation, food, and entertainment.
The cost of studying MBA in Singapore for Indian students will be approximately equal to 11 Lacs to 74 Lacs depending on the choice of the university.
Cost of Living in Singapore
After the admission process, once you arrive in Singapore to study there are living costs that you would like to consider. The cost of living in Singapore will depend on various factors. The average pocket pinch is tabulated below:
|Particulars||Average Monthly costs(USD)|
MBA in Singapore with Scholarships
There are 3 types of grants and scholarships for financing studies in Singapore, these are Government Scholarships, External Scholarships, and University-specific scholarships. Some of the popular scholarships in each category are explained below:
International students are eligible for grants. While they don’t have to repay the grants, students do have to sign a bond that requires them to work in Singapore for at least three years after graduation. Amount- Depends on the course fee and the amount of education loan taken by the student
External Scholarships for MBA in Singapore
Some of the scholarships you can avail while PG degree in Singapore are as follows:
- Singapore International Graduate Award(SINGA): It awards an amount of 1500 USD.
- The Financial Sumo Educational Scholarship Program: Amount awarded to international students 1000 USD.
- Central Sector Scheme of National Overseas Scholarship: Award amount is around 15400 USD.
- Go Clean Scholarship: Offering students an award of 3500 USD.
- BrokerFish International Student Scholarship: International students are awarded around 1000 USD under this scholarship.
- Global Study Awards: The amount offered to international students is 12,995 USD.
University – Specific scholarships for MBA in Singapore
Some of the top universities offer scholarships to international students pursuing MBA in Singapore. These are mentioned below:
- Lee Kong Chian Graduate Scholarships at NUS: Amount offered- 16000 USD
- INSEAD Antonio Borges Endowed Scholarship: Amount offered – 11,286 USD
- NUS MBA Study Awards: Plenty of MBA scholarships varying in amounts are offered by NUS
- Nanyang Scholarship: Amount- 6500 USD per year + full coverage of subsidized tuition fees
MBA in Singapore Scope
Having an employment rate of only 2.2%, Singapore offers employment opportunities to people all around the globe. On average, the business schools in Singapore have placement records of around 90%. Students get placed in companies like Microsoft, Dell, Boston Consulting Group, and many more. With an MBA degree from NSU Or INSEAD or the top business schools, you can get an average salary of 76,000 USD annually.
ROI of MBA in Singapore
According to NUS( National University of Singapore) data, the average salary received ranges from 88,000 USD to 180,000 USD. The maximum placement being in Australia in sectors like Technology, Financial Services, Consulting.
For NTU(Nanyang Technological University), the average salary after 3years of work experience is 126,000 USD. Alumni from the university were able to secure job roles from around the world. Given below is a table detailing the percentage of alumni absorbed in job roles in various continents and countries.
|Continent/Country||Percentage of Alumni Placed|
As per FT MBA Rankings are given below are the weighted salaries of the alumni of globally ranking business schools in Singapore compared with their tuition fees
The image suggests that the salaries offered to MBA graduates from Singapore are considerably good and the time of return on investment is also relatively less. Choosing MBA in Singapore over the USA/UK/India can be dependent on various factors, one of these is ROI. Though the USA is an economic powerhouse and makes offers better-paying jobs, the huge amount of tuition fees and stringent admission procedures make Singapore a better destination for study. Various top business schools ranking around the business schools of Singapore had lesser weighted salaries recorded of the alumni.
Reputed MBA institutions in India include IIMs which not only have a stringent admissions process but also require a high CAT score. With a huge number of applicants sitting for CAT, scoring an optimal score to make your way through IIMs is difficult. On the other hand, MBA in Singapore not only has a comparatively less stringent admissions policy but also has relatively lower requirements for various test scores. It also offers Indian students a chance of studying abroad and experience multi-cultural learning. Jobs
Jobs after MBA in Singapore
For planning a career post-degree you will require a work visa for Singapore. An MBA graduate in Singapore is mostly rewarded with various managerial job roles. Some of the popular job roles and average annual salaries offered in Singapore to MBA graduates have been discussed below:
|Job Designation||Average Annual Salaries (USD)|
|Business Development Manager||96,800|
|Asst. Business Development Manager||74,300|
Study Visa of Singapore
After receiving the offer letter from the business school you have applied for, you need to apply for a student pass to enter Singapore. Discussed below are the visa regulations and how you can apply for a Singapore study visa. The institute will file for the student pass for Indian application to Singapore Immigration and CheckPoint Authority(ICA). The fee for the student pass varies from college to college. Normally it takes a time period of 2-3 weeks for the documents to get processed and to get the Singapore student visa passes. In order to get the student pass you would need the following documents:
- Student Visa application Form-ICA form 16 and form V36
- One Passport size photo( preferably the one in the passport)
- Visa application fee bill
- Transcripts (Mark sheets from class 10 to graduation)
- Affidavit of Support to be given by the sponsor on Rs.20 stamp paper(nonjudicial)
- Test scores that your college required, such as the TOEFL, IELTS
- Work experience Certificate
- Bank loan sanction letter(if necessary)
Some interesting aspects you can consider while applying for an MBA in Singapore are most universities have collaboration with local and international companies who organize business workshops and seminars. All MBA programs cover internships and work opportunities. Students are assigned team projects all across the semester which teach them to explore, develop managerial and organizational effectiveness and communication skills. The courses are well planned giving students opportunities to work for 16 hours approximately for their pocket money. An MBA from Singapore can offer you a hike of as much as 148% over your previous salaries, as per FT rankings.
The government of Singapore takes its Education Sector seriously which is clearly reflected in its modern infrastructure perfectly blended with a quality education. Home to some of the best universities in the world, Singapore is every student’s dream destination come true. Today students opting to study abroad look for more than top universities. Parameters have shifted from quality education to what the country as a whole has to offer to the student for the money being shelled out. Singapore as a country ranks among the favorites for students looking to study abroad as it provides, quality education, holistic growth, value for money, safety and security and above all a chance to work in the country once the student has completed his education. A diverse nation, Singapore excels in what it has to offer to its international students – historical past, vibrant culture, picturesque tourist attractions and delectable cuisine, Singapore is a potpourri of all that is enjoyable.
Singapore as a business education destination offers a wide range of MBA opportunities and sustainable career prospects. Professionals who are looking to play the role of aspiring managers are looking at pursuing MBA from Singapore because of its high-quality education, affordable courses, and the presence of a robust economy. Students looking to pursue higher education in Singapore have the benefit of being able to choose from a large pool of programmes and schools. Students can choose from hundreds of MBA courses, offered in the country by all kinds of institutions of higher education.
Students who select Singapore as their preferred destination for MBA can either opt for the classic MBA Degree which generally centers around general management or selects a more unconventional choice and opts for specialized MBA Programmes which would expand to the niche industry such as healthcare management, consulting and logistics to name a few. The very fact that students can choose from such a vast array of MBA courses, has put Singapore on the global education map.
Master of Business Administration (MBA) is considered to be one of the most recognized degree programmes worldwide. It is well known for its curriculum that combines theoretical knowledge with practical experience. Candidates with an MBA degree from a recognized university is able to choose from a variety of career options. Pursuing a degree in MBA not only educates the student with managerial skills but also teaches him to interpret the latest business trends and successfully implement them in the future. Universities in Singapore, through the use of various multimedia tools, are able to challenge the students on multiple levels to refine their management skills.
|Top MBA Universities||Courses||Eligibility||Fee Structure||Total Duration|
|National University of Singapore||The NUS MBA||GMAT | GRE | IELTS | TOEFL | PTE||37.83 Lakhs||17 Months|
|Nanyang Technological University||Nanyang MBA||GMAT | GRE | IELTS | TOEFL||33.34 Lakhs||12 Months|
|SP Jain School of Global Management||Master of Global Business||GMAT | IELTS | TOEFL | PTE||29.41 Lakhs||16 Months|
|James Cook University (Singapore)||Master of Business Administration||IELTS | TOEFL||19.24 Lakhs||16 Months|
Modes of Teaching
Apart from choosing additional subjects to study, Singapore Universities also have options for learning modes offered to individuals as per their preferences/ employment status. Basically, there are four types of teaching/ learning modes:
- Regular Classroom Programmes
- Distance Education Programmes
- Fast-track Programmes
- Online Learning Programmes
Eligibility/Requirements for pursuing MBA
The basic requirements for admission that are common to all Singapore universities are:
- Candidates must have three to four years of work experience (may vary according to university
- International students and non-native English speakers need to present their TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System) scores
- Scores of GMAT or GRE (depending on the university)
- Course Duration: The duration of MBA programme differs from university to university. Some B-schools have a course duration of two years (24 months) while others offer a 16-months MBA crash course. If you are applying for MBA diploma, then the duration will be minimum one year.
The main documents required for the admission process include:
- A valid passport
- Complete application form with passport size photos
- Loan documents
- Financial documents
- Original and authentic transcripts of schools and/or college
- Statement of Purpose/ Essays as directed by the university
- Letters of Recommendation and Resume
- Scholarship Essay, if applicable
- Other supporting documents as asked by the university
- Majorly all Singapore universities offer online application along with a complete set of documents. One can download the application form from their respective websites and follow the instructions, as provided.
- After the filling the application form, all required documentation should be ready to be submitted along with the form. You would also need to pay a small amount as the application fee.
- Keep an eye on the submission deadlines as the universities and try to submit the form as soon as possible and not wait till the last moment.
- Depending upon the university, interviews will be conducted either on call or through other electronic means of communication.
- Make sure you have received your student visa so that once you receive the admit letter, there is no delay in joining the university, else the admission can be forfeited.
Scholarships and Financial Aids
To make living even further affordable, international students will also have the opportunity to work part-time to ease their living expenses. This part-time work facility will not only help them ease their living expenses but also allow them to gain relevant work experience in their field of interest. As with most universities, international students can also benefit from the various scholarship programmes listed on the official website of universities.
The Financial Sumo Educational Scholarship Program
This notable scholarship is awarded in association with Financial Sumo. The sole purpose of this scholarship is to unburden the student of their college fees. This need-based scholarship is applicable to students pursuing their MBA in Singapore. Applicable to all candidates who want to pursue MBA in Singapore, this scholarship is awarded to a single deserving candidate every academic year. The maximum value of the scholarship stands at USD 1,000.
Central Sector Scheme of National Overseas Scholarship
This celebrated scholarship is awarded by the Ministry of Social Justice & Empowerment, Government of India. This scholarship has been designed to provide financial assistance to selected candidates for pursuing their Masters Programme abroad from an accredited Institutions/University. Applicable to all candidates who want to pursue MBA in Singapore, a total of 100 students are awarded this scholarship for one academic year. The maximum scholarship per student is USD 33,800.
Go Clean Scholarship
This influential financial assistance is awarded to students who are dedicated and hardworking. Applicants who plan on pursuing MBA in Singapore are eligible to apply for the Go Clean Scholarship. For candidates to win this merit-based scholarship, they would be required to write an article on the topic ‘How to keep the environment green and clean’ in 500 to 750 words. Provided once in an academic year, the maximum value of this scholarship is USD 3,500.
BrokerFish International student scholarship
Awarded by Broker Fish, the main purpose of this notable scholarship is to help people from all over the world find and buy International Health Insurance. The sole purpose of this Scholarship Programme is to help International students save money during the academic year and help them on their path to a successful future. Students planning to pursue MBA in Singapore are applicable for this scholarship. The maximum scholarship per student has been set at USD 1,000.
Global Study Awards
This prestigious scholarship is awarded in association with Study Portals, ISIC and British Council. The main purpose of this scholarship is to encourage young people to study abroad, explore new countries, culture and learn new languages. The Global Study Awards scholarship is applicable to candidates wanting to pursue their MBA from Singapore. A merit-based scholarship, it is awarded to two students for each academic year. The maximum scholarship per students is GBP 10,000.
Top Recruiters for MBA Jobs in Singapore
MBA graduates in Singapore earn some of the highest salaries in comparison to national standards. The top recruiters for MBA Jobs in Singapore are listed below along with salary range they offer:
|Employers||Average Salary/ Year (SGD)|
|Standard Chartered Bank||36,011-2,00,189|
|National University of Singapore||31,064-1,05,507|
|Apple Computer, Inc||5,000 (average)|
|HP Inc||4,000 (average)|
ROI of B-schools
MBA Jobs in Singapore: ROI for Top Universities
Mentioned below is a list of the top 10 MBA programs available in Singapore. Besides providing excellent education, these universities also pride themselves in the salary packages bagged by their graduates at various top organizations across the country.
|University||Annual Salary Package (SGD)|
|National University of Singapore||140,000|
|Nanyang Technological University||126,000|
|Nanyang Business School||162,000|
|Singapore Management University||91,000|
|INSEAD – Singapore||255,000|
|Singapore Institute of Management||140,000|
|Management Development Institute of Singapore||51,000|
Please note that the salaries offered are inclusive of perks and many MBA Jobs in Singapore can offer pay scales lesser than what is mentioned above.
MBA Jobs in Singapore in Top Specializations
Pursuing a specialization in MBA can help you learn with your niche and a peer group with similar interests. Some of the top specializations and the MBA Jobs in Singapore in these sectors are discussed below:MBA Finanace Jobs
MBA Finance Jobs in Singapore
A student specializing in finance for their MBA degree can go on to work in a variety of professions such as accounting, taxation, investment, hedge fund management etc. Mentioned below are the salaries of some of the most common professions after completing an MBA in Finance from Singapore.
|Job Title||Average Salary(SGD)|
MBA Marketing Jobs
MBA Marketing Jobs in Singapore
Marketing MBA specializations train professionals in a variety of subjects such as marketing management, operations management, consumer behavior strategy, etc. MBA jobs in Singapore after opting for marketing as a specialization:
|Job Title||Average Salary(SGD)|
|Assistant Brand Manager||108,720|
|Assistant Product Manager||118,320|
MBA Operations Jobs
MBA Operations Jobs in Singapore
Professionals with an MBA degree in Operations work in a variety of business leadership roles. Some of the MBA jobs in Singapore in operations are discussed below:
|Job Title||Average Salary (SGD)|
|Asset Protection Associate||118,920|
MBA HR Jobs
MBA HR Jobs in Singapore
Students completing their MBA degree with an HR specialization learn the skills of recruiting and managing employees. The average salary for HR employees in Singapore are mentioned below:
|Job Title||Average Salary (SGD)|
|Chief People Manager||13,600|
How to Find MBA Jobs in Singapore
The Singapore government offers generous job opportunities for international students completing their MBA degrees in Singapore. Graduates who have completed their degree may seek suitable employment via online job portals or rely on university-organized employment drives.
Popular Online Job Portals
Online job portals are an effective resource for finding the ideal job after MBA in Singapore for yourself. Here are the names of a few online job portals- some universal while others are Singapore-specific:
- JobsDB: JobsDB may well be called the most popularly used online job portal in Singapore. The website offers thousands of job vacancy listings. Search results can be filtered using location specifications and job titles.
- JobStreet: JobStreet is another online job portal which is just as popularly used as JobsDB mentioned above. Thousands of job vacancy listings can be found on this website ranging from small businesses to MNCs. Applicants can easily find job vacancies useful for them by specifying the minimum salary required.
- MyCareersFuture.sg: This job posting website is run by the Singaporean government and aims to connect job applicants with employers offering competitive salaries.
Other online platforms that can be useful for finding MBA jobs in Singapore include Monster.com, LinkedIn Jobs, StartUp Jobs etc.
University Career Placement Programs
MBA degrees such as NUS and INSEAD offer dedicated employment assistance programs to students. Recruitment events, networking events, skills development workshops and corporate sessions are organized to help students gain an introduction into the professional world.