MBA In Singapore
With an economy above $300 billion, Singapore has established its rich potential as a gateway to markets in Asia-Pacific with an overseas presence, so it’s no wonder that its MBA universities features in the top of FT ranking. MBA is the most sought after courses in Singapore that opens a wide array of opportunities. It fosters a start-up ecosystem to encourage economic activity and investment for MBA students who aspire to be entrepreneurs.
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The MBA courses offered by top-notch universities in Singapore stands out in an increasingly competitive job market. One of the reasons is the choices of specialisations that the country offer on their MBA, enabling students to focus on their specific interest area such as innovation and entrepreneurship, consulting, digital business, strategy and organization, finance and more. Moreover, the course curriculum helps students get the exposure to business trends, models, developments, and leadership, all from a uniquely Asian perspective.
Furthermore, the top business schools in Singapore have academic partnerships with overseas institutions like the Wharton School in Philadelphia, Georgetown University, and UC Berkeley. Such a vast network coupled with a business-friendly environment helps MBA graduates in Singapore enjoy high employability rates with a number of the world’s leading businesses where one can expect to make up to 90,000 to 180,000 USD a year.
List of Top MBA Colleges in Singapore
INSEAD Business School
• MBA from INSEAD is a 10 months full-time programme.
• The total fee is around $103,520.
• You can get an average Salary of $103,800 after completing the degree.
• A bachelor’s degree or equivalent from a recognised college or university.
• A competitive GMAT or GRE score is required.
• A minimum TOEFL IBT: 105; TOEFL CBT: 260; TOEFL PBT: 620; IELTS Academic: 7.5 or PTE Academic: 72 is required.
National University of Singapore
• MBA from NUS is a 17 months full-time programme.
• The total fee is around $56,455.
• You can get an average Salary of $161,168 after completing the degree.
• A bachelor’s degree with minimum 2 years of full-time post-graduation professional experience.
• A GMAT with a minimum of 600 points or equivalent GRE result.
• A minimum 100 score in TOEFL or 6.5 in IELTS is required.
Nanyang Business School
• MBA from Nanyang Business School is 12-18 months full-time programme.
• The total fee is around $51,663.
• You can get an average Salary of $136,365 three years after graduation.
• A bachelor’s degree with a minimum of 2 years of work experience.
• A minimum 600 GMAT points or equivalent GRE score is required.
• TOEFL score > 100 IBT or IELTS score > 6.5 is required.
Lee Kong Chian School of Business, SMU
• MBA from SMU is a 15 months full-time programme.
• The total fee is around $51,663.
• You can get an average Salary of $631,407 after completing the degree.
• A bachelor’s degree from a reputable institution with a minimum post-degree work experience of 2 years.
• An admissions test (GMAT/GRE/SMU Admissions Test) is required.
• TOEFL/IELTS is only required if undergraduate or postgraduate education was not in English.
Nanyang Institute of Management
• MBA from NIM is a 12 months full-time programme.
• The total fee is around $17,470.
• You can get an average Salary of $35,000+ after completing the degree.
• A bachelor’s degree from a reputable institution.
• IELTS score of 6.0 (or equivalent) and no less than 5.5 is required.
James Cook University
• MBA from James Cook University is a 1 year full-time programme.
• The total fee for students outside Singapore is around $29,113.
• You can get an average Salary of $32,000 after completing the degree.
• A minimum 4 years business experience in a managerial role
• IELTS 6.5 (no component lower than 6.0) / TOEFL (Internet Based) 86 (no component less than 21) / Pearson PTE Academic 58 (no component less than 54) is required.
ESSEC Business School
• The Global MBA from Essec Business School is a 1 year full-time programme.
• The total fee for students outside Singapore is $55,104
• You can get an average Salary of $94,000 after completing the degree.
• A four year bachelor’s degree is required.
• At least 3 years of post-graduation professional experience is required.
• A competitive GMAT/GRE score
Nowadays, students who choose to study overseas are searching for more than top universities. Standard measures have changed from featured education to what the nation as a whole has to offer to the student for the money being hulled out. Singapore as a country ranks amongst the favourites for students exploring to study overseas as it gives, quality education, integral growth, worth the money, safety and security and overall an opportunity to work in the country after graduating. A distinct nation, Singapore outshines in what it has to proffer to its international students such as historical past, vigorous culture, fascinating tourist attractions and delightful cuisine, Singapore is a mixture of all that is pleasurable.
Benefits of Studying in Singapore
- The government of Singapore takes its Education Sector severely, which is exhibited in its state-of-the-art infrastructure thoroughly mixed with a quality education. Residence to some of the most reputable universities in the world, Singapore is every student’s ideal destination.
- Students who wish to pursue higher education in Singapore hold the advantage of being able to select from a vast pool of programs and institutions. Students can pick from hundreds of MBA programs, offered in the nation by all kinds of universities of higher education.
- Students who choose Singapore as their preferred nation for MBA can either go for the classic MBA Degree which usually revolves around general management or picks a unique option and opts for, specialized MBA courses which would extend to the nook industry such as healthcare management, consulting and logistics.
- The simple fact that students can select from such a wide range of MBA courses has placed Singapore on the international education map as the MBA in Singapore.
No. of Intakes For course.
Singapore government universities usually have two intakes i.e. August and February, along with the private institutes allowing several intakes in January, February, July, August, September, and October.
Visa Process For Students
- In Singapore, a visa is called a ‘Pass’. Similarly, universities in Singapore are cited as IHLs or Institutes of Higher Learning in general.
- International students whose study program in Singapore remains for more than 30 days must apply for a Student Pass. In other words, potential full-time international students need to hold a Student Pass.
- All Student Pass forms are put forward to the SOLAR (Student’s Pass Online Application and Registration) system, Singapore’s standard registration system.
- A requirement in appealing for a Student Pass is an admission note from a university in Singapore.
- Applications for the Student Pass must be obtained at least a month prior to the commencement of the semester or academic year.
- Applications for the Student Pass are immediately processed by the Singapore Immigration and Checkpoints Authority (ICA) if the applicant is aged 19 or under and exploring to study in a private institution. Nonetheless, if the applicant is aged 20 or above who wants to study a language, commercial, vocational, or fine arts degree program, the Embassy commonly obliges an interview.
- Usually, the Student Pass applications process can be fast. Sometimes, it takes just around two weeks to a month. Later you will be informed if you have been allotted the Student Pass or not. After the completion of the program, the Student Pass should be submitted to the immigration office within a week.
- Student Pass holders in Singapore are permitted to work part-time while pursuing the degree. They don’t have to apply for a Work or Employment Pass if their job is barely for a maximum of 16 hours in a week.
- Singapore is stern when it comes to the validity of passes. Therefore, students with an expired Pass must leave the country once stamped date expires.
- International students who want to find employment in Singapore after the completion of their course can apply for a Visit Pass. The Visit Pass permits the holder to remain in Singapore for one year. If you become successful in obtaining an employment contract, you can apply for an Employment Pass.
- The university can sponsor the student’s wife and children for a Social Visit Pass for Graduate students who hold a student pass in Singapore. This Pass will permit them to live in Singapore for four weeks.
Requirements for Singapore Student Pass Application
- Valid passport
- Valid identity card
- Recent passport photograph
- Acceptance letter from a Singaporean university
- A printed copy of the e-form 16 and Form V36 (from SOLAR)
- Extensive study plan
- Medical certificate (consistent with the ICA format)
- Required standardized test scores (i.e. GRE, GMAT, TOEFL, IELTS)
- Application fees
- Birth certificate
- Academic transcripts
- Candidates must have three to four years of work experience (may vary according to university) for MBA in Singapore.
- International students and non-native English speakers must submit their TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System) scores.
- Scores of GMAT or GRE are mandatory.
Entrance Exams Required to Get Admission in Singapore MBA
- Singapore Universities allow the Test of English as Foreign Language (TOEFL) which is administered by Educational Testing Services (ETS), USA for MBA in Singapore admissions. The test intends to check the capability of an individual to comprehend and communicate in basic North American English. The tests, like IELTS, tests you on speaking, writing, reading and listening abilities and is also universally acquired.
- Both paper-based tests and internet-based tests are accepted Universally. While several universities may allow TOEFL, few might explicitly ask for additional exams so, it will be best to inquire about the tests that are accepted by the universities.
- There are few additional tests like PTE (Pearson Tests of English) which are also universally accepted. While Universities usually accept the scores correspondently, some universities may request for a particular course. For the same, it is always sensible to check the Universities for the Tests needed.
- International English Language Testing System (IELTS) is carried out by the University of Cambridge, Local Examination Syndicate. It is used broadly, in over 110 countries, and the test is generally accepted by the Universities worldwide along with Singapore.
- As a proficiency test for the English language, the test is classified into four sections, such as reading, listening, speaking and writing and will grade you on a band that ranges from good to bad. The complete score for IELTS is then computed by adding scores across all sections and change from 1 – 9. Generally, an accepted average for IELTS score is 6.5 for Singapore Universities.
A student’s aptitude for the postgraduate course is measured by GRE which is generally conducted by Educational Testing Services (ETS) and accepted all around the world. It is essential to note that while universities allow the tests, they may require you to choose a subject test as well.
For postgraduate courses in management/ business/ finance GMAT or Graduate Management Aptitude Test is broadly accepted across Singapore. Administered by GMAC, GMAT is an accepted standard test of aptitude which measures the abilities of an individual for management programs. It is essential to note that some universities may need a GRE in place of GMAT for the MBA courses.
Top Universities That Offers an MBA in Australia
|University||Cost of course||Duration of course|
|NUS Business School, National University of Singapore, Singapore||S$65000||17 months|
|Nanyang Business School, Nanyang Technological University, Singapore||S$75000||12 months|
|INSEAD Asia Campus, Singapore||S$132,158||10 months|
|Lee Kong Chian School of Business (LKCSB), Singapore Management University||S$62,619||15 months|
|ESSEC Business School, Asia-Pacific, Singapore||S$74,141||15 months|
|S P Jain School of Global Management, Singapore||S$41,185||12 months|
|Management Development Institute of Singapore (MDIS), Singapore||S$23,831||12 months|
|James Cook University, Singapore||S$37,878||16 months|
|Kaplan City Campus @ Wilkie Edge, Kaplan University, Singapore||S$28,248||15 months|
Singapore has one of the most distinguished living standards in South East Asia. Regular necessities and indulgences are easily accessible. Below are some of the estimations of how much is needed throughout your stay in Singapore while studying. However, these do not cover tuition fees and travel costs from your home country to Singapore.
On average, an international student in Singapore spends about S$750 to S$2,000 a month on living costs. However, this amount may differ according to your choice of lifestyle and the course you are pursuing.
Singapore has a well-structured housing zone whether you are searching for a rental house inside the city or outside it, the costs may vary, accordingly. The average monthly rent for a one-bedroom flat in the city may cost up to 2,812 SGD. However, the same one-bedroom flat costs 1,912 SGD outside the city.
Some of the other accommodation options are shared rentals, on-campus housing, and hostels.
Another significant expense other than accommodation and food is transportation. The students can travel anywhere in Singapore with public transport like a bus by opting for a monthly pass. The monthly pass may cost up to 100 SGD per month.
Some of the other miscellaneous expenses that cannot be avoided are:
- Utilities like water and electricity: $40 to $100
- Food: $300 to $450 cost may vary accordingly
- Internet, Phone and Tv: $90
- Books and Stationery: $150
- Haircut: $35
Students can work up to 16 hours a week during the duration of their course and can earn pocket money. However, it might not be sufficient, for tuition fees, it can be used, for monthly expenses.
Singapore Salary After MBA
- According to the Financial Times, based on its Global MBA ranking with three years of work experience after graduating, MBA in Singapore graduates obtained an average annual salary of US$142,000 in 2016. The previous year’s alumni earned an average of US$135,000, making it the highest rise in MBA graduate salaries over the decade.
- Businesses in the financial services and e-commerce sectors remunerated their MBA graduates the most, on average, US$159,000 and US$154,000 per year, accordingly.
- Graduates from the National University of Singapore Business School were presented US$131,500, while MBA graduates from Singapore’s Nanyang Business School were presented an average annual salary of US$126,000 in 2016.
- The average base pay for an MBA in Singapore graduate is $97,000 and for an Executive MBA is $111,000.
Work Visa After Completing MBA in Singapore
- A long-term Visit Pass (LTVP) can be allotted to Indian students who have obtained their educational certificate/ degree from the registered Institutes of Higher Learning.
- A student needs to have a valid stay of 10 days left to apply for an LTVP. The student should pay an extension fee of S$40 when the valid Visit Pass assigned to him has accrued to a period of three months or more, following the date of entry/issuance of the first pass and should continue this for every succeeding three months.
- When a student accepts a job offer, then the employer can apply for and get a Work Permit for the employee.
Documents required for Applying for an LTVP
The Immigration & Checkpoints Authority may ask for any or all of the following documents
- Original and Copy of the educational certificate obtained from the IHL
- Copy of Passport with a minimum validity of 6 months and personal particulars page
- Valid Visit Pass issued to students when entering Singapore (as part of the Student Pass)
- Student Pass issued at the time of admission
- Recent Passport sized photo which is not older than 3 months in colour against a white matte background
Under the visa requirements
- Students need to apply online at e-VP for an LTVP
- Students must pay a non-refundable processing fee of S$30 at the time of application.
- When the students obtain an In-Principal Approval, they need to pay an issuance fee of S$60 under 30 days. If the student fails to pay the same, it might result in the automated retreat of the application.
Singapore is an attractive study destination for several international students. Singapore universities select students based on their academic accomplishments rather than entrance examinations which makes them further famous amidst recent graduates for MBA in Singapore.
However, all the ostentation may mean nothing if the quality of the MBA in Singapore degree, has no value in the international circle. With its rational education programs, relatively low tuition fee, with comparison to the US, world-renowned teaching faculty, and a very intimidating network of former alumni, most having secured an extremely desirable positions at the daintiest MBA recruiting firms in the world such as read McKinsey, Boston Consulting, Bain & Company, Amazon, Google, Microsoft. Singapore b- schools are now a trademark to compare with other business schools.
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How much does an MBA in Singapore cost?
As compared to other MBAs in different countries, MBA in Singapore is quite inexpensive and is affordable to most of the students. MBA in leading institutions like National University of Singapore offering The NUS MBA, Nanyang Technological University offering Nanyang MBA, SP Jain School of Global Management offering Master of Global Business, James Cook University in Singapore are some of the universities offering MBA in Singapore between the range of $47,876- $55,680.
Which MBA is best in Singapore?
Singapore is known for best QS ranking MBAs in the world, INSEAD (QS WU 2nd Globally), National University of Singapore (QS WU 13th Globally), Nanyang Business School – NTU (QS WU 24th Globally), Manchester Business School (QS WU 30th Globally), The Strathclyde MBA (QS 51-100 Globally), SP JAIN Global School Of Management Singapore – Global MBA are globally recognized B-schools in Singapore for MBA in Singapore.
Is GMAT required for MBA in Singapore?
MBA in Singapore requires a GMAT as the basic requirement for many of the leading Ivey League colleges in Singapore. The minimum requirement of GMAT is 650 and the candidates must show this as a prerequisite for their applications as it is a major criteria for the candidate’s applications.
Do I require work experience for MBA in Singapore?
For an MBA in Singapore in the leading business schools, it is important for the candidates to show a minimum requirement of 2 years as their work experience. For a candidate to have a complete application with good rapport, work experience is counted as the most favourable requirement.
Is Singapore good for MBA?
Singapore is the foremost destination for the candidates as it provides a multicultural environment for the candidate and it is the most sought after destination in India. Singapore also has some of the best ranking Universities so the candidates prefer the high ranking universities for MBA in Singapore.