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Navigating National University of Singapore MBA Fees

Budgeting for Your NUS MBA Journey: Understanding Tuition, Living Expenses, and More

National University of Singapore MBA fees

Key Takeaways:

  • National University of Singapore MBA fees for the 17-month program are approximately SGD 65,000 for Singapore citizens and SGD 97,000 for international students (as of 2024).
  • The total cost, including living expenses in Singapore, can range from SGD 100,000 to SGD 150,000 for the duration of the program.
  • NUS offers merit-based scholarships covering up to 100% of the National University of Singapore MBA fees for exceptional candidates.
  • The average post-MBA salary for NUS graduates is around SGD 100,000 per year, with a 120% increase over pre-MBA salaries.
  • 94% of NUS MBA graduates secure employment within 3 months of graduation.

Introduction

Understanding the financial commitment of pursuing an MBA at the National University of Singapore (NUS) is crucial for prospective students. As one of Asia’s leading business schools, NUS offers a world-class education that comes with significant costs. From tuition fees to living expenses, the total investment can be substantial. However, the long-term benefits, including the potential for high returns on investment through career advancement, make it an option worth considering. In this guide, we break down the NUS MBA fees and provide insights into what you can expect financially when embarking on this prestigious program.

National University of Singapore MBA Fees

National University of Singapore MBA fees

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.

National University of Singapore MBA Fees

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.

Scholarships and Aid at NUS

University of Singapore MBA Fess

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:

University of Singapore MBA Fees

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.

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Conclusion

Pursuing an MBA program at NUS is an excellent investment in your future career prospects as it is one of the top MBA Colleges in Singapore. 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.

Is NUS MBA worth it?

The NUS MBA program offers a high Return on Investment (ROI) due to its competitive average salary, strong career prospects, and overall program quality. While the tuition fees may appear steep, the value students receive far exceeds the costs, making it a valuable and prudent investment.

What are the specialisations offered by the NUS MBA programme? How do I graduate with a specialisation?

Students in the NUS MBA can choose to specialise in up to two of the following:

  • Finance
  • Marketing
  • Strategy and Organization
  • Entrepreneurship & Innovation
  • Digital Business
  • Consulting
  • Analytics & Operations
  • Real Estate*
  • Healthcare Management*

Students need to fulfill a minimum of 20 Units and meet a Grade Point Average (GPA) of 3.5 in relevant courses to qualify for a specialisation.

*For specialisations in Real Estate and Healthcare Management, you need to indicate your choice at the time of application as these two programmes have distinct requirements.

Can I switch from full-time to part-time during the programme?

Applicants seeking to transition from the full-time to the part-time program must furnish evidence or documentation demonstrating their ability to reside and work in Singapore.

Know Your Author
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Abhyank Srinet
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Study Abroad Expert

Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.


Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.

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