MIM Colleges in Singapore: Colleges, Courses, Cost & More

What is Masters in management? The Master in Management (MIM degree) provides general business and management knowledge for graduates with little or no work experience. MIM colleges in Singapore are an affordable alternative to MIM degrees and are offered by international business schools and universities.

Types of MIM in Singapore

1. General MIM

General MIM programs provide an extensive educational curriculum that focuses on management concepts such as finance, marketing and human resources alongside operations management.

These classes are ideal for students who wish to gain a strong foundation in managing activities and attain a wide array of functional skills applicable across industries.

General MIM Colleges in Singapore programs typically last for one calendar year; however, any graduate may apply regardless of discipline background

2. Specialized MIM

MIM Programs are highly specialized programs that provide students with in-depth knowledge and expertise in a particular field of management.

These specially crafted plans can last from one to two years, depending on the institution and the program structureat MIM Colleges in Singapore.

If you have a pre-determined career path mapped out ahead of time, then specialized MIM programs may be an ideal choice - particularly if they fulfill all your requirements!

3. Executive MIM

These are designed for seasoned professionals who are eager to enhance their management prowess and propel careers forward.

Offering a plethora of flexible schedules, these programs allow students to remain employed throughout the duration of their course of study.

It is important to note that some Executive Mim programs may last from one or two years depending on the organization providing it and how structured it is; however, all provide an excellent opportunity for learners wishing to advance in their respective fields!

4. Joint MIM

This type of experiential learning opportunity is offered in collaboration with other universities or institutions, providing students with the chance to gain international experience and exposure to a multitude of cultures.

These programs may last anywhere from one year up to two depending on their structure – some offering degrees from multiple colleges while others may end after only one term.

MIM Colleges in Singapore: Eligibility and Requirements

Every student who is seeking admission at MIM colleges in Singapore needs to know the eligibility criteria and other admission processes. The following eligibility criteria required for MIM in Singapore are:

• Minimum age requirement of 21 years
• Good academic record
• English language proficiency demonstrated through tests like IELTS or TOEFL
• A GMAT score is recommended but not mandatory
• Submission of a well-written statement of purpose (SOP)
• Letters of recommendation from previous employers or professors
• Application fee

Documents Required for MIM Colleges in Singapore

To apply for the MIM colleges in Singapore, students need to be ready with all the documents required during the admission process:

• Medical certificate
• Police Clearance Certificate
• Admission Letter
• SOP
• LOR
• Proof of accommodation
• Travel medical insurance
• Proof of Funds

Educational qualifications required

To pursue a Masters in Management in Singapore, the minimum educational qualification required is a Bachelor's degree from a recognized university or educational institution. The Bachelor's degree must be completed with good grades, generally a minimum of a 2.1 or equivalent GPA.

Some MIM colleges in Singapore may require a higher GPA or specific academic background, such as a Bachelor's degree in business, management or a related field.

It is recommended to check the specific eligibility criteria of each MIM program and university to ensure that the educational qualifications are met.

Work Experience

Some MIM Colleges in Singapore may require work experience as a part of their eligibility criteria, while others may not.

However, having work experience can be an advantage in the admission process and can also be beneficial in the job market after completing the program. The amount of work experience required varies depending on the program and the institution.

Some MIM programs require at least one or two years of work experience, while others may accept candidates with no work experience. It's important to check the specific requirements of each program before applying.

Language proficiency

To study at MIM colleges in Singapore, proficiency in the English language is essential as all courses are taught in English.

Most universities and colleges require a minimum score of 6.5 in the International English Language Testing System (IELTS). Some universities also accept scores from other language proficiency tests such as TOEFL, PTE, and Cambridge English Advanced.

It is important to note that the required score may vary from university to university, and also from program to program within the same university.

Therefore, it is crucial to check the specific requirements of the program and university you are interested in before taking the test.

Entrance Exams

Many MIM colleges in Singapore require applicants to take standardized tests such as GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examinations) as part of their admission process.

If you are planning to apply for an MIM colleges in Singapore that requires GMAT or GRE scores, it is essential to prepare thoroughly for the exams. These exams test your analytical, quantitative, and verbal reasoning abilities and a high score can significantly improve your chances of getting accepted into your desired MIM program.

Additionally, some programs at MIM colleges in Singapore may require applicants to take English language proficiency exams such as IELTS or TOEFL.

These exams evaluate your English language skills and ensure that you are proficient enough to successfully complete your MIM program in Singapore. It is essential to check with the university you are applying to and ensure you meet their specific English language proficiency requirements.

Top MIM Specializations in Singapore

For graduates with little to no job experience, the Master of Management (MIM) degree provides broad business and management understanding. MIM colleges in Singapore offer degrees as a cost-effective alternative to MIM degrees. You can pursue a general MIM in Singapore, and you get a variety of specialisations to choose from. 

Schools such as the Singapore University of Technology and Design, Singapore Institute of Technology, National University of Singapore, Singapore Management University and Nanyang Technological University are among the most popular and reputed schools in Singapore and have a great reputation in Asia as well.

The Masters in Management specifically is offered by the National University of Singapore, Singapore Management University, and Nanyang Technological University, along with this they offer a slew of specialized programs in Finance, International Management.

Management degrees include specialisations such as the following:

1. Finance

MIM programs with a finance specialization delve into subjects related to finance management, investments, and accounting.

Students are exposed to financial analysis techniques as well as valuation strategies – along with risk mitigation concepts. Those who complete these courses can pursue careers in investment banking or corporate finance consultancy; among others.

2. Marketing

MIM programs with a marketing specialization provide students with the tools necessary for crafting effective campaigns that understand consumer behavior, conduct relevant market research and create distinctive brands.

Graduates from these programs are equipped to pursue careers in advertising, brand management or market research-related professions.

3. Strategy and Consulting

Students in MIM programs with a strategy and consulting specialization concentrate on planning, assessment, and management consultancy. They gain an understanding of strategic thinking as well as business development and project management strategies.

Graduates who have earned their degree with a strategy plus consulting specialization can pursue positions at top corporations such as executive level management consultants - or even take charge of developing business ventures!

4. Entrepreneurship

Students interested in pursuing an entrepreneurial career may consider enrolling in MIM programs with a specialization in entrepreneurship. These programs equip students with fundamental knowledge of business planning, innovation and funding strategies to launch and manage new enterprises.

Graduates who successfully complete this program can enter into the world of entrepreneurship as entrepreneurs; business consultants or venture capitalists seeking opportunities for growth and expansion.

5. International Business

These MIM programs with an international business specialization feature a focus on global business operations, intercultural communication and commerce.

Students gain knowledge about various aspects of marketing such as globalization and supply chain management alongside finance for international trade; at the end of the course they may pursue careers in multinational corporations or with organizations involved in cross-border transactions.

6. Information Systems Management

Students attending MIM programs with a Human Resource Management specialization are highly skilled at overseeing and cultivating the workforce within organizations.

Through instruction in recruitment, training and assessment practices, graduates of these degree programs can pursue careers in human resource management, development or talent management fields.

Specializations Sectors	Average Salary
Finance	AUD 111,000
Marketing	AUD 72,000
Strategy and Consulting	AUD 63,000
Entrepreneurship	AUD 100,000
International Buisness	AUD 75,000
Technology Management	AUD 85,000

Admission Process for MIM Colleges in Singapore

The following is a step-by-step guide to take admission to MIM colleges in Singapore:

1. Research for the university in which you want to apply for the MIM programs in Singapore.
2. Go to the official college/university website and check all qualification and affirmation cycle information and see if the college recognizes your bachelor's degree qualification.
3. Upload required copies of the several required documents (Mark sheet, CVs, IELTS/TOEFL, GMAT/GRE scorecards) reviewed.
4. Complete the appropriate application process and pay the application fee.
5. After completing and presenting your web-based application format, you will be required to prepare for a University Interview.
6. After clearing the interview you will receive an acceptance letter from the selected university. The letter confirms your selection, following which you can reserve an admission at the desired college.
7. Pay your admission fee by agreeing to the college's terms and conditions and apply for a student visa for Singapore.

MIM in Singapore Without GMAT

For students seeking to improve their management and leadership abilities, Master in Management (MIM) is a sought-after program. Fortunately, several mim without GMAT in Singapore, providing a more accessible pathway for students to pursue their academic and career goals.

Many MIM colleges in Singapore accept students based on their overall academic performance, work experience and English proficiency. As such, if you have a good academic record and relevant work experience, you may be able to secure admission to MIM Colleges in Singapore without taking the GMAT.

However, it is important to note that some universities may require alternative standardized tests in lieu of the GMAT, such as the GRE or the GATE. In addition, some universities may require a higher academic record or work experience to compensate for the lack of GMAT scores.

MIM in Singapore Without Work Experience

If you're looking to pursue a Master's in Management (MIM) in Singapore, but don't have any work experience, don't worry. There are options available for you. Some MIM colleges in Singapore may offer programs without requiring any work experience.

Additionally, some universities may require you to have completed an internship or a practical project as part of your academic coursework. This can provide you with practical experience and enhance your learning while pursuing your MIM colleges in Singapore.

MIM Colleges in Singapore: Expenses and Fees

Singapore is one of the most popular destinations for pursuing an MIM due to its high-quality education and vibrant business environment.

The average MIM fees in Singapore can vary widely depending on the city you choose to study in.In general, the average MIM fees in Singapore range from around SGD 50,000 to SGD 120,000.

Here is a breakdown of the estimated costs and fees of universities in different locations in Singapore:

• Kent Ridge: S$ 9,400 to S$ 32,900
• Yunnan: S$ 8,200 to S$ 25,200
• Downtown Core: S$ 14,400 to S$ 26,400
• Changi: S$ 13,750 to S$ 16,750
• Dover, Punggol, and more: S$ 8,500 to S$ 20,000

Cost of Living Expenses

It is essential to bear in mind the expense of living in Singapore. The cost of lodging, dining out, transportation, and utilities can vary depending on where you plan your studies. Here is an approximate breakdown of living expenses for students pursuing an MIM at a British university:

• Accommodation: On average, students can expect to pay between S$ 700 to S$ 2,500 per month for a shared apartment or a room in a hostel. For more luxurious options, the cost may go up to S$ 4,000 or more per month.
• Food: On average, students can expect to spend around S$ 300 to S$ 500 per month on food.
• Transport: Students can purchase a monthly pass for unlimited travel on buses and trains for about S$ 90. Taxis and ride-sharing services like Grab can be more expensive, with fares ranging from S$ 10 to S$ 30 per ride.
• Utilities: Utilities such as water, electricity, and internet can cost approximately S$ 100 to S$ 200 per month, depending on the usage and the type of accommodation.

Expenses	Average Cost
Tuition Fees	AUD 75,000
Accommodation	AUD 1,500
Food	AUD 450
Transportation	AUD 150
Utility	AUD 250

MIM Scholarships for Singapore

While MIM in Singapore is decently affordable, living costs and other miscellaneous costs can make the program expensive. To reduce the cost significantly, applicants can explore the following scholarship options: 

1. ADB – Japan Scholarship for Developing Countries
   Students from developing countries pursuing postgraduate courses in business, management, economics, or technology can avail of the benefits of the grant. 
2. Narotam Sekhsaria Scholarship
   The grant is offered to Indian nationals interested in pursuing a master’s from an international university. The program offers full and partial scholarships as interest-free loans to meritorious students.
3. INSEAD-Syngenta MIM Scholarships for Developing Country Leaders
   MIM students at INSEAD of both France and Singapore campuses can benefit from the scholarship. An amount of €22,500 per year is granted under it.

Additional Scholarships for Indian Students

There are several scholarships available for Indian students who wish to pursue a Master of Science in Management (MIM) program in Singapore. Some of the scholarships are:

1. Nanyang Business School MIM Scholarship: This scholarship is offered by Nanyang Business School at Nanyang Technological University (NTU). It provides full or partial tuition fee coverage, living allowance, and travel grant to outstanding MIM candidates.
2. Lee Kong Chian Graduate Scholarship: This scholarship is offered by the Lee Kong Chian School of Business at Singapore Management University (SMU). It provides full tuition fee coverage, monthly stipend, and research allowance to exceptional candidates studying at MIM colleges in Singapore.
3. S.P. Jain School of Global Management Scholarships: S.P. Jain School of Global Management in Singapore offers several scholarships for international students, including Indian students.
4. INSEAD India Scholarship: INSEAD offers scholarships for Indian students who are admitted to its MIM program. The scholarship provides partial tuition fee coverage and is awarded based on academic excellence and financial need.
5. Tan Kah Kee Postgraduate Scholarship: It provides financial assistance to outstanding candidates studying at MIM colleges in Singapore from India and other countries who are pursuing postgraduate studies in Singapore.

MIM Colleges in Singapore: Jobs & Placements

After earning your master's in management, you'll have a plethora of work options after MIM in Singapore.

The MIM degree will prepare you for a rewarding career in a variety of fields, including investment firms, consulting, change management engineering, fashion technology, and retail. Several of these positions pay well and have promising future possibilities.

Job Profiles

1. Human Resource Manager: They are involved in managing activities such as job design, employee relationships, recruitment, performance management, training & development, and talent management.
2. Development Manager: They work as the connection point for the customers as well as upper management and customers. They work as project managers and delegate tasks that are needed to be completed successfully.
3. Public Relations Manager: They also monitor social, political, economic trends that might affect the organization and recommend various ways in order to enhance the image of their organization.
4. Sales Manager: A sales manager recruits hires, and trains members of the sales department. They set goals in relation to the sales, analyze them, and accordingly develop training programs for the firm’s sales representative.
5. Management Consultant: The job of management consultants requires them to help the organizations in problem-solving, improving the performance of the business, creating value, and maximizing growth.
6. Marketing Manager: A marketing manager promotes a product, business or service. They oversee a wide range of activities including launches, advertisement, email campaigns, events, social media marketing etc.
7. Project Manager: A project manager is responsible for the planning, procurement and execution of a project.
8. Business Development Manager: A business development manager generates new leads for sales, negotiates with clients about pricing, and also helps in forecasting sales revenue.
9. Social Media Manager: A Social Media Manager is responsible for developing a strategy, producing good content, analyzing the usage data, facilitating customer service, managing projects and campaigns etc in order to increase the company’s online presence.

Average Salary for MIM in Singapore

There is a good job opportunity for students at MIM colleges in Singapore. There are top companies looking for new aspirants who carry a good knowledge about management and other prospects for the job. The master in management salaries in Singapore is around 34,690 USD/(2,70,000 INR) annually.

As an alumnus of an MIM program, one of the principal factors to consider is the remuneration potential you can attain after graduation. In Singapore, salaries for graduates in this field vary considerably depending on theielts

ir profession and occupation; however, on average they are competitively compensated for positions worth pursuing.

Average salary by Job Role

The median earnings of MIM graduates in Singapore fluctuate depending on their job role. According to the Graduate Management Admission Council (GMAC), the most lucrative positions available to the best graduates at MIM colleges in Singapore are as follows:

• HR Manager: USD 51,844/(INR 41 lacs)
• PR Manager: USD 34,146/(INR 27 lacs)
• Development Manager: USD 53,468/(INR 42 lacs)
• Sales Manager: USD 48,959/(INR 38 lacs)
• Marketing Manager: USD 40,000/(INR 32 lacs)
• Project Manager: USD 41,963/(INR 33 lacs)

Average Salary by Location

Singapore is a hub of international business and finance, with a robust economy and a thriving job market for MIM graduates. Here are some key locations and their average salaries for graduates of MIM colleges in Singapore:

• Woodlands: SGD 48,000 - SGD 66,000 per year
• Jurong West: SGD 48,000 - SGD 60,000 per year
• Tampines: SGD 48,000 - SGD 60,000 per year
• Pasir Ris: SGD 48,000 - SGD 60,000 per year

Average Salary by Industry

Obtaining a masters in management career progression has become increasingly essential in the 21st century. An MIM degree is highly valued in a wide range of industries, including HealthTech, EdTech, and many more.

Graduates with an MIM degree often secure highly sought-after managerial positions in crucial areas of their organization. The degree provides individuals with the necessary knowledge and skills to excel in their careers and advance to higher levels of management. 

The most commonly employment-providing industries in Singapore are:

• Consulting: AUD 150,000
• Finance/Accounting: AUD 140,000
• Technology: AUD 135,000
• Healthcare/Pharmaceuticals: AUD 130,000
• Consumer Goods: AUD 125,000

Top Recruiting Companies at MIM Colleges in Singapore

Programs at MIM colleges in Singapore are considered among the most sought-after educational pursuits.

Students who have completed a degree from the best MIM colleges in Singapore typically possess stellar employability ratings and are actively recruited by various industries such as finance, consulting, and technology sectors.

Some leading companies that have anchored themselves in the fast-paced culture of Singapore are:

Employers	Average Salary/Year
Apple Computer, Inc	S$11,000
Accenture	S$48,693- S$1,39,688
Citibank	S$31,064- S$1,05,507
Deloitte	S$5,000
DBS	S$32,672- S$1,38,799
HP Inc.	S$4,000
Standard Chartered Bank	S$36,011- S$2,00,189
Novartis	S$7,000
Grab	S$34,831- S$2,21,336

1. Apple Computer, Inc

It is an American multinational technology company designing and producing a range of consumer electronics, software, and online services, with a focus on innovation and design. Apple is known for its innovative products and has a global customer base.

2. Accenture

It is a multinational professional services firm providing consulting, technology, and outsourcing services to clients in a variety of industries. With headquarters in Dublin, Ireland, Accenture operates in more than 50 countries and has over 500,000 employees worldwide.

3. Citibank

It is a global banking and financial services institution with a presence in over 160 countries, offering services in consumer banking, corporate banking, and wealth management.

The bank offers a range of financial products and services including credit cards, mortgages, personal loans, and wealth management.

4. Deloitte

It is a multinational professional services firm providing audit, tax, consulting, and advisory services to clients across a range of industries. With headquarters in New York, Deloitte operates in more than 150 countries and has over 300,000 employees worldwide.

5. DBS

It is a multinational banking and financial services corporation headquartered in Singapore, offering services in consumer banking, wealth management, and corporate banking across the Asia-Pacific region.

DBS is the largest bank in Southeast Asia by assets and has a significant presence in Hong Kong, China, and Taiwan.

6. HP Inc.

It is an American multinational technology company producing personal computers, printers, and related accessories for consumer and commercial markets. HP Inc is headquartered in California and has operations in more than 170 countries.

7. Standard Chartered Bank

It is a British multinational banking and financial services company operating in over 70 countries, with a focus on Asia, Africa, and the Middle East. This company headquartered in London.

The bank has a strong focus on sustainability and social responsibility, and is committed to supporting the communities in which it operates.

8. Novartis

It is a Swiss multinational pharmaceutical company developing and producing drugs in a range of therapeutic areas including oncology, cardiology, and neurology.

Novartis is one of the largest pharmaceutical companies in the world, with operations in more than 140 countries.

9. Grab

It is a Singapore-based technology company providing ride-hailing, food delivery, and financial services in Southeast Asia.

Grab offers services in more than 400 cities in 8 countries, and has recently expanded into financial services and e-commerce.

Why Study MIM in Singapore?

There are numerous reasons to pursue a master's in management program in Singapore, including the following:

• To pursue a MIM course in Singapore students will not require work experience or other specific qualifications. As students can get admitted right after graduation, and can apply for this program in
• Singapore with as little as one year of professional experience if required by the universities.
• Studying the MIM course in Singapore gives you a globally oriented program that emphasises global experiences and cooperation with the business market and networks.
• MIM is one of Singapore's most well-known courses, as it provides severe theoretical classes with various elective options like business ethics or web-based business.
• Programs at MIM colleges in Singapore aid students in gaining significant global exposure in the commercial sector.

Conclusion

Pursuing a Master's in Management (MiM) in Singapore can provide a rewarding and valuable educational experience. MIM colleges in Singapore is an excellent destination for international students seeking a multicultural and vibrant learning environment, with a thriving economy and strong business networks.

A MIM degree from a Singaporean university can equip graduates with the skills and knowledge necessary to succeed in the global business landscape, as well as provide access to a wide range of career opportunities.