Table of Contents
For prospective students eyeing the prestigious NUS MBA program, comprehending the financial implications is crucial. The cost associated with the National University of Singapore MBA fees demands attention, as it constitutes a substantial investment that necessitates meticulous consideration of its value proposition.
Located at the heart of Southeast Asia, the NUS Business School is a part of the National University of Singapore. As per QS Global MBA Ranking 2024, NUS MBA ranks 24 with an average post-MBA salary of SGD 1,00,691
National University of Singapore MBA Fees: Breakdown
The tuition fee for the 2024 MBA intake at NUS is SGD 76,000
The NUS MBA program is a highly sought-after asset for ambitious students from across the globe. The curriculum offers an exacting education that will equip its pupils with the skills necessary to succeed in leadership positions within the business world.
The NUS MBA program is one of the best in Asia, topping the QS World University ranking 2024 for the region. It's perfect for students seeking a strong foundation in Asian business.
The table below provides a breakdown of MBA fees, showing how the total cost is divided into different semesters:
| Fees Distribution | Cost (SGD) |
| Upon Acceptance | SGD 10,000 |
| Semester 1 | SGD 33,000 |
| Semester 2 | SGD 33,000 |
What your tuition fee includes
This NUS Business School tuition fee covers more than just the academic courses. It encompasses access to the school's state-of-the-art facilities, extensive career services, and a range of extracurricular activities and clubs. This holistic approach ensures that students gain not only academic knowledge but also practical skills and a robust professional network.
Navigating Living Expenses in Singapore
In addition to the substantial National University of Singapore MBA fees that MBA graduates have to bear, there are numerous other expenses that necessitate careful consideration.
Furthermore, the matter of living expenses is another crucial factor to ponder upon when embarking on an MBA journey at NUS in Singapore. While the cost of pursuing an MBA in Singapore may be relatively high, it remains one of the most economically viable options for studying in Asia.
The average monthly cost of living, addition to the NUS Business School MBA fees for a student in Singapore is estimated to be around SGD 1,200 to SGD 2,000, depending on your lifestyle and accommodation preferences. Here is a breakdown of some of the ordinary expenses you may incur while pursuing your NUS MBA:
1. Accommodation
When it comes to accommodation, the expenditure added to the National University of Singapore MBA fees exhibits a diverse range, contingent upon individual preferences. For those desiring on-campus residency, students can avail themselves of this option, where the monthly rental for a single room oscillates between S$400 and S$1,200. Conversely, if one opts for off-campus dwelling, a one-bedroom apartment in the bustling city centre could range from S$1,500 to S$3,000 per month.
2. Food
Moreover, the cost of food is another add-on to the National Uniersity of Singapore MBA fees, it varies depending on the type of cuisine and restaurant you choose. A meal at a local hawker centre or food court costs around S$3 to S$8, while a mid-range restaurant meal can cost between S$15 to S$30 per person.
3. Transportation
Next addition, apart from the NUS Business School MBA fees, is transportation, Singapore has an efficient public transport system, which includes buses and trains. A one-way train ticket costs range from S$0.80 to S$2.20, depending on the distance travelled. A monthly unlimited pass for students costs S$45.
4. Utility Expenses
Other expenses such as phone bills, internet, entertainment, and miscellaneous expenses, also known as utility expenses, which add up to the total cost of National University of Singapore MBA fees, may cost around S$300 to S$500 per month.
| Expense | Approx Cost (SGD) |
| Accommodation | 4,800 - 36,000 |
| Food | 1,080 - 7,200 |
| Transportation | 540 - 1,080 |
| Utility Expenses | 3,600 - 6,000 |
| Total | 10,020 - 50,280 |
Indian students seeking admission to a NUS Business School MBA program should plan on spending at a substantial amount per annum for their living expenses. It is crucial to do research and make allowances when preparing for NUS MBA so that one can have an affordable yet comfortable experience during the course of study.
Unlocking Financial Support: Scholarships and Aid at NUS
The NUS MBA program acknowledges the financial burden associated with the National University of Singapore MBA fees and, therefore, endeavors to alleviate this burden through various scholarships. These scholarships, awarded based on both merit and financial need, present students with significant financial assistance, which may extend to covering the entire cost of the National University of Singapore MBA fees.
The NUS MBA program offers a diverse range of scholarships tailored to meet the unique needs of students in Singapore.
| Scholarship | Description |
| The NUS MBA Dean’s Award | Covers the entire tuition fee along with a S$5,000 |
| The NUS MBA Excellence & Achiever Awards | Provides funding of 20% or more of the tuition fees, varying according to the type of award |
| The NUS MBA Future Leaders Scholarship | 20% or more of the tuition fees, varying based on the award type. |
Exploring Part-Time Work Opportunities in Singapore
As an NUS MBA student in Singapore, the cost of living can add up quickly. Therefore, taking on a part-time job is a viable option to supplement income and gain work experience while studying. This article will explore potential earnings and part-time job opportunities for NUS MBA students in Singapore.
The potential earnings from part-time jobs can significantly ease the financial burden of living expenses in Singapore. These roles vary widely, from corporate internships to roles in retail or hospitality, each offering a unique set of experiences and learning opportunities, making the NUS MBA journey at one of the best MBA colleges in Singapore not just an academic endeavour but a comprehensive life experience.
Work Permissions While Studying
As per Singapore's Ministry of Manpower, international students with a Student Pass in Singapore can work part-time for roughly 16 hours per week during term and without limits during vacations, given that they meet these conditions:
- They are enrolled as full-time students in an approved institution
- They possess a valid Student Pass issued by the Immigration and Checkpoints Authority (ICA)
Below is a table that outlines various part-time job opportunities available while you're studying for an MBA at NUS:
| Job | Approx Wage Range (SGD per hour) |
|---|---|
| Waiter | SGD 12 to 25 |
| Event Staff | SGD 10 to 17 |
| Office Assistant | SGD 13 to 17 |
| Cashier | SGD 14 to 24 |
| Tutor | SGD 22 to 42 |
| Departmental Store Helper | SGD 10 to 12 |
| Content Creator | SGD 12 to 32 |
| Babysitter | SGD 15 to 25 |
Engaging in part-time employment presents many advantages for NUS MBA students, encompassing the acquisition of valuable work experience, the cultivation of an extensive professional network, and a comprehensive understanding of the intricate fabric of the Singaporean work culture.
Working part-time while pursuing an NUS MBA can help offset living expenses and provide valuable work experience. By considering potential earnings and job opportunities, NUS MBA students can maximise their time in Singapore, covering the National University of Singapore MBA fees and gaining valuable insights into the Singaporean work culture.
National University of Singapore MBA Fees vs ROI
When embarking on an MBA journey at NUS, it's essential to consider the Return on Investment beyond just National University of Singapore MBA fees. The NUS Career Services Office partners participants to fulfil their career aspirations.
From guiding them through selfassessment tools to developing a career plan, thier dedicated MBA team provides our graduates with continuous support throughout the programme. The chart below illustrates the distribution of MBA graduates across various industries post-completion of their degree from NUS:
The salary percentage increase was 170% in 2024. In 2023, the salary percentage increase stands at an impressive 158% compared to the 149% in 2022. This remarkable growth reflects the program's ability to enhance graduates' earning potential.
Conclusion
Pursuing an MBA program at NUS is an excellent investment in your future career prospects. The NUS Business School MBA fees offer real value for money, a range of scholarships, and excellent career prospects by factoring in living expenses, scholarships, and potential earnings.
