Masters in Management 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 MIM universities features in the top of FT ranking. MBA and MIM in Singapore are the most sought after courses that opens a wide array of opportunities. It fosters a start-up ecosystem to encourage economic activity and investment for MiM students who aspire to be entrepreneurs.
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Singapore has a reputation for academic excellence across the world. It continues to place great emphasis on education with world-class education system such as MIM in Singapore and boasts academic talent. Perhaps, Singapore’s universities are among some of the most well-regarded and highly ranked in the world.
The country has flourished into an economic powerhouse with wide industry connections, making it an important business hub in Asia. Students can leverage this and easily enjoy access to international networks while studying in the country. A vast network coupled with a business-friendly environment helps MIM graduates in Singapore enjoy high employability rates with a number of the world’s leading industries.
INSEAD Business School
• MiM from INSEAD is a 14-16 months full-time programme.
• The total fee of the programme is around $56,066.
• You can get an salary up to $138,000 after completing the degree.
• An undergraduate degree from a recognised college/university with at least 180 ECTS in any field of studies.
• A GMAT with above 65% in both the Verbal and Quantitative sections or GRE with above 80% in both the Verbal and Quantitative sections.
• TOEFL (equal or above 103), IELTS (equal or above 7.5), Pearson Test of English (PTE) Academic (equal or above 70).
National University of Singapore
• MIM from NUS is a one-year full-time programme divided over 2 semesters.
• The total fee of the programme is around $33,442.
• You can get an average Salary of $59,468+ after completing the degree.
• A good Bachelor’s degree in Business or a business-related discipline.
• TOEFL score must be at least 100 for the internet-based test or an overall IELTS band score of 7.0 is required for students whose prior undergraduate medium was not English.
Nanyang Business School
• MIM from Nanyang is a two-year full-time programme.
• The total fee for Non-EU students is $48,960.
• You can get an average Salary of $62,357+ after completing the degree.
• A bachelor’s degree (minimum level) in any field of study.
• A competitive GMAT/GRE/CAT(for Indian candidates) score is required.
• TOEIC minimum score 850, TOEFL iBT minimum score 95 or IELTS (academic) minimum score 6.5 is required.
Lee Kong Chian School of Business, SMU
• MIM from SMU is a 18 months full-time programme.
• The total fee is around $35,796.
• You can get an average Salary of $69,000 after completing the degree.
• A good undergraduate degree.
• A good score in GMAT(600)/GRE OR SMU Admission Test (T-Score 55/80).
• TOEFL/ IELTS is required if the medium of instruction of undergraduate studies was not in English.
MIM stands for Masters in Management, and it is a customized degree programme for people who want to pursue a management degree but have little or no professional experience in the industry. Also, MIM degrees are far less expensive than MBA degrees.
Going overseas for higher education has become common since it enhances one’s professional prospects. Students that study abroad become more self-sufficient and acquire essential life skills. They meet new people and learn about the world’s variety, which enriches their experience. It broadens their outlook and improves their entire personality. It is an opportunity for students to become acquainted with various cultures and situations, broadening their horizons.
Singapore is one of the nations where students from all over the world want to study.
Why Study MIM in Singapore
The country is full of beautiful reasons when it comes to study MIM in Singapore. Let us talk about some of the reasons that attract many international students to study in this country.
- Cultural Diversity- Even though Singapore is not as large as the United States or the United Kingdom, it is Asia’s most modern and cosmopolitan metropolis. This country is made up of a wide range of communities. The island is also noted for its cosmopolitan, multilingual, and multiracial atmosphere. It may take some time for pupils to become acquainted with their surroundings, but they will improve their whole personalities. So, if you study MIM in Singapore, you will become acquainted with all of these cultures, which will improve your whole personality.
- Good Quality Education– Many students pick Singapore as their study location because the government places a financial priority on education quality. Its creative education system has become a study centre for many pupils, allowing them to develop their creativity and inventive abilities. Not only that, but Singapore is home to two universities ranked among the best in the world. Singapore’s education system is exceptionally diversified and advanced. It is home to several institutions with world-class facilities. All of this has contributed to Singapore’s status as one of the most important/famous study destinations.
- Affordable MIM degrees– When it comes to studying abroad, students are mostly concerned about their expenses. However, Singapore is among the most affordable countries for international students to study MIM. Your lifestyle and other choices heavily influence the cost of living in Singapore but it is quite low compared to countries like the UK or the USA. On a monthly basis, this cost would range between S$750 and S$2000.
- Courses are taught in English– To study MIM in Singapore, you do not need to learn any new language. It is because the courses are taught in English and even out of the university, you will find plenty of people talking in English. Though you do not need to learn any additional language, it is suggested that you check the requirements before applying as many universities might ask you to submit to prove your proficiency in the language.
- Comparatively a safer place- Singapore is known for its stringent laws, but these laws only ensure the better safety of its citizens. These laws makes this country completely safe for the visitors, as well as, its citizens.
- Well-developed infrastructure- The infrastructure of Singapore is very well developed. Also, its transportation system is so convenient that it will make it extremely easy for you to commute daily.
- A Variety of Specialisations to choose from- Singapore is well known for its innovation in the business field. It is common for you to find big companies and start ups in this country. So, in a country where investments, business, and entrepreneurship are the used in daily conversations you will find plenty of specialisation in MIM to from according to you preferences. We will discuss more on it in the specialisation section.
Specialization and Courses for MIM in Singapore
For graduates with little to no job experience, the Master of Management (MIM) degree provides broad business and management understanding. Business colleges and universities in Singapore offer MIM degrees as a cost-effective alternative to MBA 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-
- MIM in Business Analytics
- MIM in Operations Management
- MIM in Information Systems
- MIM in Supply Chain Management
- MIM in Hospitality
Top Colleges For MIM in Singapore
|College Name||Program||Duration||Tuition Fee|
|Singapore Management University||Master of Science in Management (MIM)||18 Months (Full Time)||S$48.150|
|National University of Singapore||MSc in Management||1 year (Full Time)||S$45,000 – S$55,000|
|Nanyang Technical University||MIM||12 Months (Full Time)||S$44000 – S$56000 – First-year|
|MIM||7 weeks – 24 months||S$22,600 – S$33,900|
|Nanyang Technological University||MSc in Business Analytics||1 year||S$20,000 – S$80,250|
|London School of Business and Finance||Master of Arts in International Business||13 Months||S$16,620|
|PSB Academy||Master of Science International Business Management||16 Months||S$15,890|
Other Asian schools which can be targetted
Apart from Singapore, other Asian Universities such as the esteemed Indian Institute of Management, Shanghai Jiao Tong University: Antai, or HKUST can be considered as targets as well.
As per the FT Ranking 2016, the Indian Institute of Management, Ahmedabad is considered one of the best Masters in Management schools and has a rank in the top 20.
The National University of Singapore, Indian Institute of Management Calcutta, and The Hong Kong University of Science & Technology are CEMS Member Schools and offer great exchange opportunities.
Also, schools such as LBS, DUKE, and ESSEC all have exchange programs or dual degree structures where you can split your time between studies in Europe and getting an immersive experience in China/ S.E Asia. All in all, getting the best of both worlds.
Eligibility Criteria for MIM in Singapore
In order to study MIM in Singapore, you must have completed a four-year undergraduate degree. Although many institutions in Singapore will allow you to study with a three years undergraduate degree as well, they are limited.
The minimum GPA required to study MIM in Singapore varies depending on the university you choose. A 3.6 GPA out of 5 is typically regarded as acceptable.
If English is not your first language, then you will be required to take an English Proficiency Test. IELTS and TOEFL are the most prevalent English proficiency examinations accepted by practically every university.
- A 7.5 IELTS score and a TOEFL score of 90 are necessary for postgraduate programmes. Even Many MBA schools in USA and other countries also require the same score.
Other Documents Required
Some common documentation required to get into any university to study in Singapore are mentioned below-
- Receipt of the payment of the application fee – The institution/ college needs to ensure that you have paid the application fee. Only if the payment was not completed online they would require the receipt of the application fee payment. In any case, it is advisable to keep the receipt readily available so that you can submit it if the university asks you to do so.
- Letter Of Recommendations- Each university requires a minimum of two letters of recommendation. One is intended to be professional, while the other is supposed to be academic. Universities may even require more than two letters of recommendation for MIM in Singapore. These documents should showcase your academic and professional achievements.
- Transcripts – Bachelor’s degree transcripts are required for admission to MIM in Singapore’s universities.
- Bachelor’s certificate (only when required)
- SSC/10th or equivalent
- 12th/intermediate or any equivalent certificates
- Letter of Motivation – The Statement of Purpose is another name for the Letter of Motivation. It’s a chance for pupils to enhance and glorify their application. Although this paper must be used to enhance your application, it is not recommended that you bluff. Only state what you can back; otherwise, you may be chosen, but you will face several challenges once you are admitted. Also, no more than two pages should be used. Basically, in this letter should be school-specific. Like- the reason you have chosen this particular college for MIM in Singapore and how it aligns with your career goals.
- Statement of bank account – A bank statement is required by several colleges in Singapore. This is due to the fact that they must verify your financial situation before reviewing your application. This declaration must demonstrate that you have sufficient funds to maintain yourself in Singapore.
- Job Certificate – Although job experience for MIM in Singapore is not required by all the universities, if you do have it, you must submit a certificate to verify it. This is because whether or not the institution requires work experience for MIM in Singapore, it can increase your chance of getting admittance.
- Study certificate – Please provide any certifications you have obtained outside of your academic studies.
- Copy of Passport – A photocopy of your passport’s first and last pages is required.
- Proof of extracurriculars – If you participated in any extracurricular activities, please send a certificate to show your participation. It would also improve your entire application and increase your reputation.
Documents checklist for Masters in Management in Singapore
- Bachelor’s Degree
- Valid Passport
- Statement of Purpose
- Documents of Loan (if applicable)
- Letters of Recommendation
- Resume or CV
- Passport size Photos
- Scholarship application (if you are applying for one)
Exams Required for MIM in Singapore
Typically for management programs, colleges consider applicants’ aptitude skills like reasoning, quantitative, qualitative, decoding, etc. For international applicants, the universities also need proof of their English proficiency.
Although for MIM in Singapore, you do not require to take an aptitude test, you can submit either GRE or GMAT scores to display your aptitude. Generally, a score of x is considered good in GMAT, and in GRE, x scores are considered. It is totally optional; also, while submitting GRE or GMAT scores along with your application can enhance your chances of getting admission, they do not guarantee it.
Moving on to the English proficiency proof- it is mandatory for international students to prove that they possess a good grasp of this language. For this, they are required to take an English proficiency test, like IELTS or TOEFL.
- In IELTS a score of 7.5 is generally considered,
- In TOEFL, a minimum score of 90 is necessary for MIM in Singapore.
Cost of Studying MIM in Singapore
When talking about the cost of studying MIM in Singapore, the first expense that will cross your mind would be the tuition fees. However, other than tuition fees, there are many other expenses such as accommodation, transportation, food, healthcare, and many more, that you will have to bear. But the good thing is that Singapore is relatively less expensive than most other countries in terms of both tuition fees and cost of living.
Let us start by talking about the tuition fees for MIM in Singapore. On average, the first-year tuition is around 38,551 S$. Obviously, this cost will vary depending on the university you choose to study in.
It is recommended that you book your Singapore accommodation before coming to the city. When it comes to living options in Singapore, you have a variety of possibilities to select from. It depends on your budget, personal preferences, college location, and other factors.
Here are some of the most prevalent types of lodging in Singapore.
- Rent a flat/room from the Housing Development Board (HDB)- S$ 1,616 to S$ 4,849/ month
- Rent a private residence/room (Condominiums, Apartments, & Landed Property)- S$ 1,616 to S$ 4,849/ month
- A serviced apartment can be rented – S$ 1,616 to S$ 4,849/ month
- Hostels for Students- S$ 293 to S$ 565/ month
Other than tuition fees, and accommodation, you will also have to bear food expenses, transportation expenses, healthcare, and other maintenance expenses.
|Particulars||Average cost in S$|
|Transportation (Bus)||52 per month|
|Other public transport pass||45 per month|
|Food (at the Hostel of the University)||350 per month|
|Books and Stationery||150|
|A visit to polyclinic||15|
Jobs After MIM in Singapore
After earning your master’s in management, you’ll have a plethora of work options in Singapore. The MIM degree will prepare you for a rewarding career in a variety of fields, including investment companies, consulting, change management engineering, fashion technology, and retail. Several of these positions pay well and have promising future possibilities. A MIM degree can definitely assist you in furthering your future career in administration and management.
A MIM in Singapore will open up several opportunities in various fields for you to choose from. Here are some of these sectors with an average annual salary.
|Sectors||Average Annual Salary|
|Legal & Paralegal||$82,000|
|Finance Control & Strategy||$64,000|
|Sales & Business Development||$61,000|
The Singapore Universities are frequented by esteemed companies such as General Electric, Accenture, Nestlé, Oliver Wyman, American Express, GlaxoSmithKline, Oracle, Apple, Goldman Sachs, PricewaterhouseCoopers, Ernst & Young, McKinsey & Company, DBS Bank, L’Oréal, Coca-Cola, KPMG, IBM, and BNP Paribas.
They have very strong domestic placements and are a good way to get placements in the vibrant Asian Economic.
- Compliance IT Support Analyst
- Product Manager
- Global Application Support Lead
- Senior Manager, Cyber Intel & Risk Mgmt
- Senior Manager, Cyber Intel & Risk Management
Working after studies
Singapore is amongst the happiest cities in the world and boasts a high standard of living and a diverse student community. Employers in Singapore are always on the hunt for international candidates to build a globalized workforce.
Students willing to pursue work after completing studies in Singapore must get a valid pass (commonly known as a work visa) to join the Singapore workforce. The work visa categories in Singapore for international students are as follows:
Further classified as –
- Employment Pass
- Personalized Employment Pass
(B) Skilled and Semi-skilled workers –
- This pass is for specific sectors such as construction, manufacturing, and marine.
MIM in Singapore Without GMAT
You can apply for MIM in Singapore without GMAT as the country do not require the same. So, you do not have to take the exam, and wait for the score to apply for MIM in Singapore, you can apply right away, without waiting. However, you may require to have a work experience which depends on the university you have chosen to study in. Other than that, you will need a relevant bachelor’s degree. In addition, you will also need to submit IELTS or TOEFL scores to that you have a good command of the language English as the majority of the MIM programs in Singapore are instructed in English.
Cheapest MIM in Singapore for Indian Students
MIM in Singapore is quite cheap for Indian students as it is. However, in addition to that, you can also apply for scholarships. These scholarships will help you study MIM in Singapore for an even lesser amount. Some of the most popular scholarships for which you can apply are given below-
- Singapore International Graduate Award
- ADB – Japan Scholarship for Developing Countries
- Commonwealth Scholarship for Integrated Science
- Lee Kong Chian Graduate Scholarships
- ASEAN Foundation Scholarships
- Singapore Millennium Foundation Scholarships
- SIA Youth Scholarship
- GIIS Singapore Global Citizen Scholarship
Singapore is amongst the happiest cities in the world and boasts a high standard of living and a diverse student community. The employers in Singapore are always in the hunt for international candidates to build a globalized workforce. Students willing to pursue work after completion of management studies in Singapore must get a valid pass (commonly known as a work visa) in order to join the Singapore workforce.
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Is Singapore good for MIM?
Singapore is a well-known economic and educational centre that attracts students from throughout the world. Local colleges of Singapore have strong academic standards and provide outstanding courses, placing them among the finest in Asia. Business, Economics, and Trade provide some of the greatest educational programmes.
Is MIM as good as MBA?
Despite the fact that both courses cover a wide range of business topics and fundamental principles, the MBA is normally designed for persons with a few years of professional experience. The MIM is more of a career kickstart for people who are fresh out of college and have little or no work experience.
Which country is best for MIM jobs?
MiM degrees are among the most sought after degrees by employers all around the world. Here are the top countries where you can get a job after MiM and kickstart your career with the top companies-
Is GMAT required for MIM?
Yes, the GMAT is required for most MiM programs across the world. However, to study MiM in Singapore, you do not require the GMAT.
Can I do MIM with 3 years experience?
Yes, you can pursue MiM after three years of work experience as it is more than enough. MiM is designed for students who have little or no work experience.