Singapore offers significant job prospects with a number of the world’s biggest businesses, demonstrating its enormous potential as a gateway to markets in Asia-Pacific and an international presence. A 1.5-2 year MBA program in Singapore costs between 60,000 and 90,000 USD for international students.
This might cost up to 65 lakhs of rupees for Indian students. Those candidates who are wishing to pursue an MBA in Singapore should have a bachelor’s degree with an average of 80%, a TOEFL score of 92-100 or equivalent, and GMAT/GRE results (optional for some colleges). Only a few MBA programs in Singapore often impose a work experience requirement.
They have enough time to obtain a student visa. Whereas, Singapore has surged to the top of the list of preferred MBA destinations among international applicants because of its low admission standards and affordable MBA degree.
MBA jobs in Singapore pay between $90,000 and $180,000 per year after graduation. So, let’s have a glance at MBA in Singapore with all the necessary details.
Top Colleges of MBA in Singapore
The Master of Business Administration (MBA) is a globally renowned degree program that prepares you to manage and administer businesses. The following is a list of the top business schools in Singapore that offer MBA programs:
- INSEAD University
- National University of Singapore (NUS)
- Nanyang Technological University (NTU)
- Singapore Management University(SMU) – Lee Kong Chian School of Business
- James Cook University
- SP Jain School of Global Management
- Nanyang Institute of Management
Students with an engineering background can learn and continue in subjects linked to their previous studies through NUS’s specialized management programs. With a number of well-known business schools now offering MBA programs with international recognition, Singapore is catching up in the battle to become a top-selling MBA destination.
Why Study MBA in Singapore?
- Singapore invests 19.96 percent of its overall expenditure on education, with 35.28 percent of that spent on higher education.
- According to the Times Higher Education World University Rankings, it is also home to five of Asia’s best universities, including the National University of Singapore and Nanyang Technological University, which are ranked first and fifth, respectively.
- The Financial Times Global Rankings acknowledged four business schools in Singapore; INSEAD, NUS, Nanyang Business School, and SMU are among them.
- According to reports, MBA enrolment at Singaporean business schools increased to 3,531, with overseas students from China, Vietnam, and India making up the majority.
- Many institutions in Singapore have collaborations with overseas universities, attracting students from more than 30 countries.
Admissions to MBA in Singapore
Moreover, MBA programs in Singapore are well-liked by students because of their transformative and immersive learning. In the sections below, you’ll learn about the Singapore admissions process and prerequisites, as well as other important information for international students interested in studying there.
How to apply
Online application forms are available for most universities. Furthermore, In September, October, and January, applicants for the MBA program are accepted. The MBA program starts in April at the majority of Singapore’s top business institutions.
Fees for an MBA in Singapore
However, Higher tuition does not imply higher educational quality. Many low-cost universities offer excellent education and vice versa. Subsequently, as a result, don’t make a decision based on the cost of a course or university. Therefore, For Indian students, the cost of an MBA in Singapore will range from 11 to 74 lakhs, depending on the university chosen.
Scholarships for an MBA in Singapore
Government Scholarships, External Scholarships, and University-specific Scholarships are the three types of grants and scholarships available in Singapore to help fund studies. Grants from the government are available to international students.
MBA Scholarships in Singapore from the outside
Similarly, The following are some of the scholarships available to you while pursuing your Master’s degree in Singapore:
- The SINGA (Singapore International Graduate Award) is a prestigious award. Given to international graduates from Singapore. It gives out a cash prize of $1500.
- Financial Sumo’s Educational Scholarship Program: International students will receive a $1,000 scholarship.
- National Overseas Scholarship Scheme, Central Sector: Award amount is around 15400 USD.
- Students can apply for the Go Clean Scholarship, which is worth $3500.
- Importantly, International students are rewarded roughly 1000 USD through the BrokerFish International Student Scholarship.
- International students are eligible for a total of $12,995 in global study awards.
Author Bio
Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. Furthermore, he started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting-edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.