Scope of MBA in Singapore
B schools in Singapore offer not only the quality education, but they open doors to a global arena of opportunities.
Singapore as a destination for Management Studies gives in-depth insight on the Asian economy as well as the western market and tradition. It has been mainly pushed by its hyper connectivity and by the fact that it is a well- known financial center of South-Asia and all major companies of the world have created their base in Singapore. The country also happens to be a hot spot for business with MNCs like Unilever, DHL, IBM or General Motors have their regional headquarters here for decades now. No wonder then that Singapore is connected to most of the countries in the world. In fact, Changi Airport, which is one of the largest transportation hubs of South-Asia, has over 100 airlines flying to 80 countries and 300 cities every day.
If you want to be a part of the global management society and experience the latest advancement in the field first hand, then Singapore is ‘the’ place to study in.
Global and Multicultural Exposure:
Singapore is known to offer a rich multicultural atmosphere with more than 80,000 international students from more than 120 countries. Networking and communicating with your peers who come from various backgrounds and diverse nationalities is a major tool for polishing the personality of a candidate. Exchange programs, international study trips which are also a part of the Singapore MBA curriculum add another value to the MBA programs.
Singapore also emerged as the ‘Happiest country in Asia’ in a study reported by ABC News.
Great Career Prospects:
It is mandatory for MBA abroad aspirants to stay and work in Singapore for 3 years upon completion of the graduation as per the policies of the government funded institutions. This means that you will have an opportunity to work in Singapore immediately after completing the MBA. Employers in Singapore are always looking for international candidates to globalize the work force.
Easy Visa Process:
Unlike other foreign countries, the visa application to Singapore is easier. The application is linked to the university and major portion of the application process is done by the university on behalf of the students.
Racism is taken seriously in the country. Singapore’s lifestyle is multicultural with ethnic communities Chinese, Malays and Indians maintaining their unique lifestyle and living harmoniously.
Highest level of Health and Sanitation:
One of the cleanliest cities, Singapore is renowned for its highest levels of health care infrastructures, healthcare industry, doctors and specialists, and nutrition. Singapore promotes a clean and green environment. There are strict laws against littering. MBA abroad aspirants will find that cleanliness and hygiene are imbibed in its system, with fines for even failing to flush a toilet after use. It encourages a healthy lifestyle and diet, and people are engaged in a lot of physical activities.
Dining and shopping are the two most popular activities in Singapore. Singapore is one of the greatest street food cities in the world. It could prove to be the heaven for MBA abroad aspirants as there is a strong food culture which can be seen in Singapore and there is no better place for foodies than this vibrant place. Movies, art festivals, music concerts are other options for people living in Singapore. Singapore also has a vibrant night life.
Singapore is one of the world’s Best Student Cities, according to QS Best Student Cities 2015. Singapore is also one of the world’s safest countries. The low crime rate, high standard of living, diverse student community and being voted as one of the happiest cities in the world create a perfect environment for MBA abroad aspirants.
Cost of living in Singapore is quite reasonable, especially from an MBA abroad aspirant’s point of view. Salaries are quite high for an MBA graduate and income tax rates are low in Singapore. The Average cost of living in Singapore ranges from SGD$750-SGD$2000 approximately per month. Your cost of living while studying abroad in Singapore will include your expenses on, accommodation, food, groceries, books and travel.
Accommodation cost may vary as per the location and university. Moreover, due to the recent foreign influx, housing rates may change.
Management Courses in Singapore:
- Post Graduate Diploma in Administration
- International Master of Business Administration (IMBA)
- Dual MBA
- Global Master’s of Business Administration
- Certificate in Management Studies
- Master of Business Administration in Aviation
- Master of Business Administration in Treasury Management
Following factors generally taken into consideration for admission into MBA. However, you must also check the eligibility criteria on each B-school’s website to be sure:
- The applied candidate should have a bachelor’s degree from a reputed University/Institute with a sound academic record.
- The candidate should have a minimum 2 years of working experience to pursue MBA in Singapore.
- A minimum of 2.8 CGPA at the graduate level is mandatory.
- Some of the universities take the scores of GMAT, TOEFL, IELTS and GRE into consideration.
Top MBA Programs in Singapore (Full Time & Part Time)
|Business School||Duration||Approx. Tuition (USD)|
|National University of Singapore||Full Time: 17 Months||Full Time: $45,400 + Tax|
|NUS MBA||Part Time: Available||Part Time: $45,400 + Tax|
|INSEAD Singapore MBA||10 Months||$94,600|
|Nanyang Business School||1 year||$45,300|
|Full Time MBA|
|Nanyang Business School||18 Months in Singapore||Details on Site of University|
|Nanyang Professional MBA|
|Nanyang Business School||14 Months in Singapore & Japan(Optional)||$51,200|
|Nanyang Waseeda Double MBA||($5,900 Grant Available)|
|Singapore Management University-Lee Kong Chian School of Business MBA||Full Time: 1 year||$46,400|
|(10 week internship)|
|Part Time: 18 Months|
Best Executive MBA Programs in Singapore:
|Business School||Duration||Approx. Tuition (USD)|
|National University of Singapore||15 Months||$73,110 + Tax|
|Executive MBA||(6 x 2 week residency)|
|National University of Singapore||15 Months||$118,080 Tax|
|UCLA- NUS Executive MBA||(6 x 2 weeks in Singapore, Los Angeles, Shanghai,Shenzhen, Bangalore and New Delhi)|
|INSEAD Singapore||14 – 17 Months (51-60 days off work)||$130,000|
|Global Executive MBA (GEMBA)|
|INSEAD Singapore||18 Months||$125,000|
|Tsinghua INSEAD Executive MBA (TIEMBA)||(12 weeks on campus in INSEAD & Beijing)|
|Singapore Management University-Lee Kong Chian School of Business||12 Months||$83,260|
|Executive MBA||(1-2 week sessions & 3 day weekends at SMU, Wharton, Washington, ISB & Peking Univ.)|
Scholarships for your MBA inSingapore::
To attract the top talents from across the world, especially students who are held back by financial constraints, all local universities NUS, NTU and SMU offer scholarships for their MBA programs. Scholarships are offered on the basis of merit. Deserving all rounded MBA abroad aspirants and domestic candidates are awarded scholarships on admission.
Students can also take private loans from banks in their home country. Students should check with the Universities for locally based loan options.
Target Singapore, if:
- You want the exposure to the latest advancements in the business sector.
- You want to work and live in South East Asia/Singapore.
- You don’t want to spend a lot of money on your education and want quick returns.
- You want to be in a country which is safe, happening, booming, advanced and ready to make you equipped for the future.