Singapore is home to a vibrant and competitive business education environment and a variety of prestigious institutions that provide Master of Business Administration (MBA) programs.
Number of Institutes:
Singapore boasts several renowned universities and business schools, including the National University of Singapore (NUS), Nanyang Technological University (NTU), INSEAD, Singapore Management University (SMU), and many others, which offer a wide range of MBA programs. The exact number of institutes may vary, but there are numerous options to choose from.
Average Tuition for MBA in Singapore:
The average tuition fee for an MBA in Singapore varies based on the institution, program duration, and specialisation. On average, you can expect to invest between £30,000 to £60,000 or more for a full-time MBA in Singapore. However, it's essential to check with specific institutions for their current tuition fees.
Academic/GMAT Score Required:
Admission requirements for MBA programs in Singapore generally include a strong academic background and relevant work experience. While specific GMAT score requirements vary from one university to another, a competitive GMAT score often ranges between 650 and 700 or higher. Additionally, some programs may accept the GRE in place of the GMAT.
Base Starting Salary After MBA in Singapore:
The base starting salary for MBA graduates in Singapore can also vary based on factors such as industry, job profile, and the reputation of the business school. On average, MBA graduates in Singapore can expect a starting salary ranging from £45,000 to £90,000 or more per year. However, it's important to note that these figures can fluctuate, and your salary will depend on your qualifications, prior work experience, and the job market conditions at the time of your graduation.
It's essential to research specific MBA programs and their admission requirements, tuition fees, and expected outcomes to make an informed decision about pursuing an MBA in Singapore. Additionally, for the most up-to-date information, we recommend visiting the official websites of the universities you are interested in and contacting their admissions offices.
There are several compelling reasons to pursue an MBA in Singapore:
Global Business Hub:
Singapore is a major financial and business hub in Asia, providing a gateway to diverse industries and a dynamic business environment.
Top-Ranked Universities:
Singapore boasts prestigious universities with renowned MBA programs, offering world-class education.
Cultural Diversity:
The city's multicultural environment fosters a global perspective, enabling students to interact with diverse peers and learn about various business cultures.
Strong Economic Growth:
Singapore's robust economy and strategic location make it an ideal place to study business, with abundant job opportunities upon graduation.
Access to Asia:
Proximity to emerging markets in Asia allows students to gain insights into the region's rapidly evolving business landscape.
English as the Business Language:
English is widely spoken and used as the language of business in Singapore, making it accessible for international students.
Government Support:
The Singaporean government offers scholarships and incentives to attract international talent, making education more affordable.
Networking Opportunities:
The city hosts numerous business events and conferences, facilitating valuable connections with industry professionals.
Quality of Life:
Singapore is known for its safety, cleanliness, and high quality of life, offering a comfortable environment for studying and living.
Post-Graduation Opportunities:
Singapore's generous work visa policies and the presence of multinational corporations make it easier for MBA graduates to secure employment in the country.
|
University |
Tuition Fees (SGD) |
Average Salary (SGD) |
Top Recruiters |
|---|---|---|---|
|
National University of Singapore (NUS) Business School |
Varies by program, typically around 60,000-70,000 per year |
90,000 - 120,000 |
McKinsey & Company, Google, Citi |
|
Nanyang Technological University (NTU) Nanyang Business School |
Varies by program, typically around 60,000-70,000 per year |
80,000 - 110,000 |
DBS Bank, Procter & Gamble, Deloitte |
|
INSEAD Singapore |
Approximately 100,000 for the MBA program |
100,000 - 130,000 |
Bain & Company, Amazon, BCG |
|
Singapore Management University (SMU) Lee Kong Chian School of Business |
Varies by program, typically around 60,000-70,000 per year |
80,000 - 110,000 |
PwC, IBM, DBS Bank |
|
ESSEC Business School Asia-Pacific |
Approximately 45,000 per year |
70,000 - 90,000 |
L'Oréal, KPMG, Schneider Electric |
|
SP Jain School of Global Management |
Approximately 55,000 per year |
70,000 - 90,000 |
Microsoft, P&G, Accenture |
|
Kaplan Singapore (Murdoch University) |
Approximately 30,000 per year |
60,000 - 80,000 |
Citibank, HSBC, Singtel |
|
James Cook University Singapore |
Approximately 35,000 per year |
60,000 - 80,000 |
Standard Chartered, GIC, EY |
|
PSB Academy Singapore (University of Newcastle) |
Approximately 30,000 per year |
60,000 - 80,000 |
HP, Oracle, Unilever |
|
SIM Global Education (University of Birmingham) |
Approximately 40,000 per year |
60,000 - 80,000 |
IBM, Capgemini, Procter & Gamble |
Please note that the tuition fees, average salaries, and top recruiters can vary depending on the specific MBA program, your qualifications, and the job market conditions at the time of your graduation. It's essential to research each school and program individually for the most up-to-date and accurate information.
Full-time MBA:
A traditional MBA program typically spanning one to two years, designed for recent graduates and for people looking for a career change.
Part-time MBA:
Designed for working professionals who wish to pursue an MBA while continuing their careers, allowing them to attend classes in the evenings or on weekends.
Executive MBA (EMBA):
Tailored for mid to senior-level executives, EMBA programs provide advanced leadership and management education without requiring a full career break. Classes often take place on weekends or in short, intensive modules.
Online MBA:
These programs offer flexibility, enabling students to complete their MBA studies remotely via online courses, making them suitable for those who cannot attend on-campus classes.
Global MBA:
Geared towards individuals interested in a global business perspective, these programs often involve international study opportunities, immersing students in various global business environments.
Dual-degree MBA:
These programs allow students to pursue two degrees simultaneously, typically combining an MBA with another related discipline, such as law, engineering, or healthcare management.
Specialized MBA:
Focusing on specific industries or areas of business, such as healthcare, finance, or entrepreneurship, these programs offer in-depth expertise in a particular field.
Part-time Evening MBA:
Similar to part-time MBA programs, these are specifically scheduled for evening classes to accommodate professionals' work commitments.
Part-time Weekend MBA:
Tailored for those who cannot attend classes during the week, these programs offer MBA education on weekends, allowing students to balance work and studies.
Mini MBA:
A non-degree program providing a condensed business education without a full-time commitment.
MBA by Research:
Suited for those interested in a research-focused MBA, this program involves an extended research project or dissertation, providing a deeper academic experience.
Each of these MBA programs in Singapore serves a distinct purpose and targets a specific audience, ensuring that individuals can choose the option that best aligns with their career goals and circumstances.
Finance
Average Salary: Approximately SGD 130,000 per annum
Finance professionals with an MBA often find lucrative positions in banking, investment, and corporate finance.
Marketing
Average Salary: Around SGD 110,000 per annum
MBA graduates in marketing can secure roles in brand management, digital marketing, and market research.
Entrepreneurship
Average Salary: Highly variable, ranging from SGD 90,000 to SGD 180,000 per annum
Entrepreneurship-focused MBAs prepare individuals to start and manage their businesses, with income varying based on the success of their ventures.
Information Technology (IT) Management
Average Salary: Approximately SGD 130,000 per annum
IT management MBAs open doors to technology consulting, project management, and IT leadership.
Supply Chain Management
Average Salary: Around SGD 110,000 per annum
MBA graduates in supply chain management can work in logistics, procurement, and operations management.
Human Resource Management
Average Salary: Approximately SGD 110,000 per annum
HR specialists with an MBA can take on leadership roles in talent acquisition, training, and organisational development.
Healthcare Management
Average Salary: Around SGD 160,000 per annum
MBA graduates in healthcare management can find opportunities in hospital administration, pharmaceuticals, and health policy.
Strategy and Management
Average Salary: Approximately SGD 150,000 per annum
This specialization prepares individuals for senior management and strategic planning roles across industries.
Real Estate Management
Average Salary: Varies widely, with potential for high earnings in real estate sales and development.
MBA programs in real estate management are geared towards careers in property investment, development, and asset management.
International Business
Average Salary: Approximately SGD 120,000 per annum
It equips graduates to work in global business environments, including international trade and market expansion.
Please note that these salary figures are approximate and can vary based on factors such as experience, company, and industry.
Management Consultant
Average Salary: SGD 70,000 to SGD 120,000 per year
Finance Manager
Average Salary: SGD 80,000 to SGD 150,000 per year
Marketing Manager
Average Salary: SGD 80,000 to SGD 130,000 per year
Operations Manager
Average Salary: SGD 70,000 to SGD 120,000 per year
Supply Chain Manager
Average Salary: SGD 70,000 to SGD 120,000 per year
Human Resources (HR) Manager
Average Salary: SGD 70,000 to SGD 120,000 per year
Business Development Manager
Average Salary: SGD 80,000 to SGD 130,000 per year
Information Technology (IT) Manager
Average Salary: SGD 80,000 to SGD 140,000 per year
Product Manager
Average Salary: SGD 80,000 to SGD 130,000 per year
Investment Analyst
Average Salary: SGD 60,000 to SGD 100,000 per year
Entrepreneur/Startup Founder
Earnings can vary widely, ranging from lower in the early stages to potentially very high if the startup is successful.
Banking and Finance Professional
Salaries vary depending on the specific role and level of experience, but can range from SGD 60,000 to over SGD 150,000 per year.
Healthcare Administrator
Average Salary: SGD 70,000 to SGD 120,000 per year
Project Manager
Average Salary: SGD 70,000 to SGD 120,000 per year
Logistics and Supply Chain Manager
Average Salary: SGD 70,000 to SGD 120,000 per year
Please note that these figures are approximate and can vary depending on factors such as the specific company, industry, level of experience, and individual negotiation skills. It's essential to research and network within your chosen field to get a more accurate and up-to-date understanding of salary expectations. Additionally, the job market can change over time, so it's a good idea to research the latest trends and opportunities in Singapore.
To pursue an MBA in Singapore, you need to meet eligibility criteria. Here are the basic requirements:
Educational Qualifications:
A bachelor's degree from a recognized university or college is usually a fundamental requirement.
Work Experience:
Many MBA programs in Singapore prefer candidates with relevant work experience. The required work experience varies generally around 2-5 years.
English Language Proficiency:
Since English is the primary language of instruction in Singapore, international applicants may need to demonstrate proficiency through tests like TOEFL or IELTS.
Entrance Exams:
Some MBA programs may require candidates to take entrance exams like the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination). Check with the specific institution for their requirements.
Letters of Recommendation:
You may be required to submit letters of recommendation from professional or academic contacts who can vouch for your qualifications and potential.
Statement of Purpose (SOP) or Essays:
Most institutions will ask for a statement of purpose or essays where you explain your reasons for pursuing an MBA and how it aligns with your career goals.
Resume/CV:
A detailed resume or curriculum vitae (CV) is often required to outline your academic and professional background.
Interviews:
Some universities may require the students to give an interview as part of the admission process.
Application Fees:
You will typically need to pay an application fee when applying to MBA programs in Singapore.
Visa Requirements:
International applicants should check the visa requirements for studying in Singapore and ensure they have the necessary documentation.
Financial Proof:
You may need to provide evidence of your ability to cover the tuition fees and living expenses during your MBA program.
Additional Requirements:
Some programs may have specific requirements or prerequisites, so it's important to review the admission criteria for each institution you're interested in.
Please note that the specific eligibility criteria can vary between universities and MBA programs in Singapore, so it's recommended to check the admission requirements of the universities you are interested in.
Admission requirements for an MBA program in Singapore typically include standardized tests and specific scores to assess the eligibility of prospective students. While the exact requirements vary between universities and programs, here are some common tests and score expectations:
GMAT (Graduate Management Admission Test): The GMAT is widely accepted by MBA programs in Singapore. A competitive score on the GMAT is often a key component of the application. Many universities expect a score of 600 or higher, but top-tier institutions may require scores closer to 700.
GRE (Graduate Record Examination): Some MBA programs also accept GRE scores as an alternative to the GMAT. The expected GRE score may vary, but a competitive score is typically around 320 or higher on the GRE.
TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System): For non-native English speakers, universities in Singapore often require proof of English proficiency. A TOEFL score of around 100 or an IELTS score of 7.0 or higher is generally considered competitive.
Work Experience: Most MBA programs in Singapore prefer candidates with a few years of relevant work experience. The required years of experience differ, but it's common to see a minimum of 2-5 years.
Academic Transcripts: You'll need to provide transcripts of your previous academic qualifications, such as undergraduate degrees and any other relevant qualifications.
Essays and Letters of Recommendation: Many MBA programs require applicants to submit essays outlining their goals, motivations, and why they are suitable candidates. Letters of recommendation from professors or employers are also commonly required.
Interview: Some schools may require an interview as part of the admission process to better evaluate your candidacy.
It's important to note that the specific requirements and score expectations can vary between universities and even between different MBA programs within the same university. Therefore, it's advisable to check the admission requirements of the specific program you're interested in and the university's official website for the most accurate and latest information. Additionally, meeting the minimum requirements does not guarantee admission, as competition for MBA programs in Singapore can be fierce.
The admission process and documents needed for an MBA in Singapore normally include:
Application Form: Start by filling out the online application form provided by the chosen business school.
Academic Transcripts: Submit official transcripts from your undergraduate degree and any prior postgraduate studies.
Curriculum Vitae (CV) or Resume: Provide a detailed CV highlighting your academic and professional achievements.
Letters of Recommendation: Usually, two or more recommendation letters from academic or professional contacts are required.
Statement of Purpose (SOP): Write a well-structured SOP explaining your motivation, career goals, and why you want to pursue an MBA.
English Language Proficiency Test Scores: Most programs require a good score in tests like IELTS or TOEFL to prove your English proficiency.
Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) Scores: Some schools may require GMAT or GRE scores, although this requirement is becoming less common.
Work Experience: Depending on the program, you might need to provide evidence of relevant work experience, often ranging from 2 to 5 years.
Passport Copy: A clear copy of your passport details page for identification purposes.
Passport-sized Photographs: Two recent passport-sized photographs are generally required.
Application Fee: Pay the required application fee, which varies by school and can range from SGD 50 to SGD 200 or more.
Visa Documents: After acceptance, you'll need to prepare visa-related documents like a valid passport, visa application form, and a recent passport-sized photo.
Financial Documents: Proof of sufficient funds to cover tuition fees and living expenses, such as bank statements or sponsorship letters.
Interviews: Some schools may require an admissions interview, which can be conducted in person, over the phone, or via video conference.
Health Insurance: Many institutions require proof of health insurance coverage during your studies in Singapore.
Other Supporting Documents: Certain programs or universities may request additional documents specific to their admission criteria.
Be sure to check the specific requirements of the MBA program and institution you're interested in, as they can vary. Meeting application deadlines and providing accurate, complete documents is crucial for a successful application process in Singapore.
MBA program fees in Singapore can vary depending on the university, program type, and duration. Here's an estimated breakdown of the average fees for different MBA programs in Singapore, converted to Singapore Dollars (SGD) and Indian Rupees (INR). The fees can differ significantly between universities, so it's better to check with the universities for their latest fee structures.
|
Type of MBA Program |
Average Fees (SGD) |
Average Fees (INR) |
|
Full-Time MBA |
$35,000 to $75,000 |
₹19,00,000 to ₹40,75,000 |
|
Part-Time MBA |
$30,000 to $60,000 |
₹16,25,000 to ₹32,50,000 |
|
Executive MBA (EMBA) |
$60,000 to $100,000 |
₹32,50,000 to ₹54,17,000 |
|
Online MBA |
$20,000 to $40,000 |
₹10,83,000 to ₹21,67,000 |
|
Global MBA |
$40,000 to $80,000 |
₹21,67,000 to ₹43,34,000 |
Please keep in mind that these are approximate figures, and actual fees may vary based on the university's reputation, program content, and duration. It's advisable to visit the websites of specific universities in Singapore to obtain accurate and up-to-date information on their MBA program fees. Additionally, currency exchange rates may fluctuate, so it's a good idea to use the latest exchange rate when converting these fees to Indian Rupees.
Singapore offers a range of scholarships for international students pursuing an MBA degree.
The Singapore government, through organisations like the Economic Development Board (EDB) and the Ministry of Education (MOE), provides scholarships to attract top talent to study in the country.
The Singapore International Graduate Award (SINGA) is a competitive scholarship for international students pursuing a PhD or Master's, including an MBA, in various universities in Singapore.
INSEAD, a prestigious business school in Singapore, also offers scholarships for MBA students, such as the INSEAD Nelson Mandela Endowed Scholarship.
Various universities in Singapore, including the National University of Singapore (NUS) and Nanyang Technological University (NTU), offer scholarships for MBA students, often based on academic merit and other criteria.
Some scholarships are industry-specific, such as the Singapore-Industry Scholarship (SgIS), which targets students pursuing careers in specific sectors like healthcare, engineering, and social services.
Many organisations and foundations outside the government and educational institutions also offer scholarships to MBA students, so it's worth researching and applying for those opportunities.
Eligibility criteria, application deadlines, and required documents for these scholarships may vary, so it's essential to check the specific requirements of each scholarship program.
Prospective MBA students should contact their chosen university's admissions and financial aid offices for information on available scholarships and guidance on the application process.
The cost of living in Singapore can vary significantly depending on your lifestyle and housing choices. Please note that these figures change due to inflation and economic factors.
Housing:
Rent for a one-bedroom apartment in the city centre: SGD 2,500 - 4,000 per month (INR 134,000 - 214,000).
Rent for a one-bedroom apartment outside the city centre: SGD 1,800 - 2,800 per month (INR 96,000 - 150,000).
Food:
Dining out at a mid-range restaurant for one person: SGD 20 - 40 (INR 1,070 - 2,140).
Groceries for a week for one person: SGD 50 - 100 (INR 2,680 - 5,350).
Transportation:
Monthly public transport pass: SGD 80 - 120 (INR 4,280 - 6,420).
One litre of gasoline: SGD 2.20 - 2.50 (INR 118 - 134).
Utilities (electricity, heating, cooling, water, and garbage):
For a standard 85m2 apartment: SGD 100 - 200 per month (INR 5,350 - 10,700).
Internet and Mobile Phone:
Internet (60 Mbps or more, unlimited data): SGD 40 - 60 per month (INR 2,140 - 3,210).
Mobile phone plan: SGD 20 - 50 per month (INR 1,070 - 2,680).
Health Insurance:
The cost of health insurance can vary widely depending on your age, coverage, and provider. It can range from SGD 1,000 to 3,000 per year (INR 53,500 - 160,600).
Miscellaneous:
Entertainment, fitness, and other personal expenses can vary widely depending on your lifestyle.
The exchange rates also fluctuate, so it's essential to check the current rates when converting between SGD and INR. Additionally, the cost of living can vary depending on the area of Singapore you choose to live in and your spending habits.
MBA in India:
Job Opportunities:
Wide range of job opportunities in various industries including IT, finance, healthcare, and manufacturing.
Large domestic market with numerous multinational companies operating in India.
Opportunities in startups and entrepreneurship due to the growing ecosystem.
Salaries:
Average MBA salaries in India can vary significantly depending on the business school but generally range from £10,000 to £25,000 per annum. Top-tier B-school graduates can command higher salaries, often exceeding £40,000 per annum. Salaries are influenced by factors like location, sector, and individual performance.
Placements:
Many Indian B-schools have robust placement cells that help students secure job offers.
Campus placements are common, with companies conducting interviews and making offers to graduating students.
Placement rates and salaries can vary among different MBA programs and regions within India.
Costs:
MBA tuition fees in India can be more affordable compared to international programs, typically ranging from £3,000 to £30,000, depending on the institution. The cost of living in India can also be relatively lower than in Singapore, making it a cost-effective option.
MBA in Singapore:
Job Opportunities:
Singapore is a global business hub, offering a wide range of job opportunities in finance, consulting, technology, and other sectors.
Access to international companies and exposure to diverse markets, enhancing global career prospects.
Opportunities for networking and connections with multinational firms.
Salaries:
MBA graduates in Singapore generally enjoy competitive salaries, with average annual incomes ranging from £35,000 to £70,000 or higher.
High salaries are often associated with prestigious business schools and job roles in finance and consulting.
Singapore's lower tax rates can also enhance take-home pay.
Placements:
Singaporean B-schools have strong ties with the business community, facilitating placements in top companies.
Many MBA programs offer internships and study tours to connect students with potential employers.
Singapore's government supports the job-seeking efforts of international students through schemes like the Employment Pass.
Costs:
Tuition fees in Singaporean B-schools are relatively higher, typically ranging from £20,000 to £60,000 or more for an MBA program.
The cost of living in Singapore is also relatively high compared to India, with expenses for accommodation, food, and transportation adding to the overall cost.
In summary, pursuing an MBA in India offers a diverse range of job opportunities and cost-effective education, but salaries may vary widely. On the other hand, Singapore offers higher earning potential and exposure to global markets, but the cost of education and living is considerably higher. The choice between the two options should consider individual career goals, financial resources, and the desired level of international exposure.
Pursuing a post-graduate degree abroad can be an exciting and rewarding exper...
Networking is a vital aspect of life and career development, and studying abr...
ASK OUR CHATBOT 
