Looking for the cheapest Online MBA options in Singapore for 2024? Well, you’re in the right place! An Online MBA is like a special course you take on the internet to learn more about business and stuff.
The pursuit of an MBA degree can be costly, but there are affordable online MBA programs available in Singapore for the 2024 academic year. These programs offer the convenience and flexibility of online learning while maintaining the high quality and caliber of education.
Now, let’s find out the cheapest online MBA programs in Singapore, based on tuition data collected from various sources. We’ll look at different programs and see which is the most affordable.
Affordable Online MBA Programmes in Singapore
MBA programs in Singapore can be expensive, but there are options available that are more affordable than others. With top universities like the National University of Singapore (NUS), INSEAD Business School, and Nanyang Business School, Singapore is an excellent place for learning about business administration in a transformative and hands-on way.
Singapore Business School (SBS)
The Singapore Business School (SBS) has been under scrutiny for offering an Online MBA program at a very low cost of $490, with questionable accreditations and a short completion time of 4 months.
Concerns have been raised about the legitimacy of the school and the accreditation bodies it claims to be associated with, as these accreditations only exist as pages on LinkedIn without official online presence or contact details.
SBS emphasizes affordability and accessibility, stating that their mission is to provide business and management knowledge to a wide range of individuals, regardless of their financial situation.
The school does not require professional experience, GRE, or GMAT test results for admission, making it accessible to recent graduates and individuals without work experience.
The program is entirely online, allowing students to study at their own pace and take exams on demand 24/7.
The MBA program at SBS covers fundamental and advanced business practices, including areas like finance, accounting, marketing strategy, and operations management.
The curriculum is designed to equip students with expert management skills and individual methodical abilities.
The program offers a 77% scholarship, with tuition fees starting at $690 USD, and provides a flexible payment plan. SBS boasts a diverse student body from over 80 countries and aims to prepare graduates for global job opportunities.
Despite the controversy surrounding SBS, the school continues to promote its online MBA program as a pathway to a successful managerial career, highlighting the flexibility of their distance learning model and the affordability of their tuition fees.
Aventis School of Management
The Aventis School of Management in Singapore offers a variety of MBA programs, including the Roehampton MBA and the California State University MBA.
The school provides part-time, modular, online, distance, and blended programs in English, catering to experienced professionals looking to enhance their careers.
The MBA curriculum covers essential business functions and contemporary issues, focusing on practical skills and strategic thinking. Students have the opportunity to engage with real business problems through a significant MBA project, developing research and investigative skills.
The course modules include managing people, business ethics, strategy, accounting, marketing, logistics, supply chain management, and more. The program duration is typically 12 months, with classes held over two consecutive weekends on campus, supported by online lectures and digital resources.
University of Northampton (TMC Academy)
The University of Northampton (TMC Academy) is a collaboration between the University of Northampton, United Kingdom, and TMC Academy, Singapore. It offers a range of undergraduate and postgraduate programs in various fields such as business, computing, psychology, and more.
This collaboration allows students in Singapore to obtain a British degree from the University of Northampton while studying in Singapore. The University of Northampton is known for its commitment to providing high-quality education and innovative learning experiences, which are also reflected in the programs offered at the University of Northampton (TMC Academy).
Students at the University of Northampton (TMC Academy) benefit from a combination of academic excellence, industry-relevant curriculum, and opportunities for practical learning experiences. This partnership opens doors for students to pursue their academic goals while gaining international exposure and preparing for their future careers.
Accounting and Finance, BSc (Hons) International Accounting, BSc (Hons) Psychology, BSc (Hons) Psychology and Counselling, Executive MBA, and MBA. TMC Academy, established in 1981, is EduTrust Certified and provides a range of high-quality courses across different disciplines, preparing students effectively for their professional futures.
The partnership between the University of Northampton and TMC Academy ensures students receive industry-relevant education and qualifications, enhancing their career prospects.
Anglia Ruskin University (FTMS)
Anglia Ruskin University collaborates with FTMS Global Academy in Singapore, offering MBA programs that are taught by senior academics at FTMS Global Academy’s Raffles Place Campus.
The MBA program is designed to be completed in 12 to 18 months, with a focus on practical assignments rather than exams.
This partnership provides students with the opportunity to pursue a prestigious UK degree in Singapore, enhancing their career prospects through industry-relevant education.
FTMS, which stands for Financial Training & Management Services, is a partner institution of Anglia Ruskin University. Through this partnership, FTMS delivers Anglia Ruskin University’s programs in various locations, offering students the opportunity to pursue internationally recognized degrees while benefiting from the expertise and resources of both institutions.
Anglia Ruskin University (FTMS) is dedicated to providing students with a supportive learning environment, equipped with modern facilities and experienced faculty members. The university emphasizes practical learning experiences, preparing students for successful careers in their chosen fields.
Whether you’re interested in business, law, health sciences, engineering, or any other discipline, Anglia Ruskin University (FTMS) offers a diverse range of programs to cater to your academic and professional aspirations. With its strong reputation and commitment to excellence, Anglia Ruskin University (FTMS) stands as a premier destination for higher education.
National University of Singapore
The National University of Singapore (NUS) is a prestigious public collegiate and research university in Singapore.
Established in 1980 through the merger of the University of Singapore and Nanyang University, NUS offers a wide range of degree programs at both the undergraduate and postgraduate levels, covering various disciplines such as sciences, medicine, design, law, engineering, business, computing, and music.
NUS is known for its transformative education, multidisciplinary research, and commitment to promoting creative enterprise within its community. With over 38,000 students from 100 countries, NUS fosters a diverse and enriching academic environment.
The university’s research focuses on crucial themes like energy, sustainability, disease prevention, active aging, and financial systems resilience, with a recent emphasis on data sciences and cyber security to support Singapore’s Smart Nation initiative.
NUS has three campuses: Kent Ridge, Bukit Timah, and Outram, each offering unique facilities and services to support students’ academic and extracurricular activities.
NUS consistently ranks among the top universities globally, with its various faculties and schools excelling in fields such as engineering, business, medicine, law, and the arts and social sciences.
The university’s campus is situated in Kent Ridge, a scenic area in the southwestern part of Singapore, and it has additional campuses and facilities throughout the country.
In addition to its academic programs, NUS is actively involved in research collaborations with industry partners and other institutions worldwide. It also fosters a vibrant student life with numerous clubs, societies, and extracurricular activities available for students to engage in.
Overall, the National University of Singapore plays a vital role in Singapore’s education landscape and contributes significantly to research, innovation, and the development of human capital in the region and beyond.
Outside the traditional classroom setting, you have the opportunity to enhance your learning through exchange programs, international study trips, case competitions, internships, and various other avenues.
The NUS MBA comes at a cost of S$76,000, and you can choose between full-time (17 months) and part-time (24–30 months) study options to suit your schedule and preferences.
NUS MBA Prerequisites:
- A college degree from a recognized school.
- A good score on the GMAT or GRE test.
- At least two years of work experience after finishing college.
- If your college degree isn’t in English, you must take the TOEFL test.
Singapore Business School (SBS)
Singapore Business School (SBS) offers a worldwide Online MBA program with the cheapest tuition fee and no GMAT or GRE requirement. The program is conducted 100% online, with all courses pre-recorded, allowing students to study at their own pace and at their comfortable time.
The cost of the SBS Online MBA program varies depending on the payment plan chosen by the student. The full tuition fee for the program is USD 2,990, but SBS offers a 77% scholarship, bringing the cost down to USD 690.
SBS MBA Prerequisites:
- You need a bachelor’s degree from a recognized institution
- Typically, 2-5 years of relevant work experience is preferred.
- No GMAT or GRE is required.
- If English is not your first language, you need to take the TOEFL or IELTS.
Nanyang Technological University
Nanyang Technological University (NTU) is a prominent public research university in Singapore, established in 1981. It is one of the top universities in Singapore and Asia, offering a wide range of undergraduate and postgraduate programs across various disciplines such as engineering, business, science, medicine, humanities, arts, and social sciences.
NTU is known for its strong academic reputation, frequently ranking within the world’s top 30 universities and is considered one of the two most prestigious universities in Singapore, alongside the National University of Singapore.
The university is organized into different colleges and schools, including the College of Engineering, College of Science, Nanyang Business School, Lee Kong Chian School of Medicine, and more.
TU’s main campus covers 200 hectares, making it the largest university campus in Singapore, with additional campuses in Novena and one-north districts.
NTU is committed to sustainability and has achieved 100% Green Mark Platinum certification for its eligible building projects.
The university is home to various research centers of excellence and autonomous institutes, emphasizing digital technology and tech-enabled solutions for learning, research, and sustainability.
NTU has a diverse student population of over 34,000 students and a faculty and staff population of 7,613 as of 2021.
NTU offers a wide range of undergraduate and graduate programs across multiple disciplines, including engineering, business, humanities, arts, social sciences, science, and medicine. The university’s commitment to excellence in education and research is reflected in its state-of-the-art facilities and world-class faculty members.
Known for its strong emphasis on innovation and entrepreneurship, NTU actively fosters a vibrant ecosystem for startups and industry collaboration. The university has established numerous research centers and institutes to tackle global challenges and drive technological advancements.
NTU’s campus is renowned for its modern architecture and green spaces, providing a conducive environment for learning, research, and recreation. With its diverse student body and global outlook, NTU continues to attract top talent from around the world, contributing significantly to Singapore’s reputation as a hub for education and innovation.
NTU also has special programs where you can get two master’s degrees, one from NTU and one from universities in Japan, Switzerland, or France. These programs help you learn more about different countries.
If you want to do an MBA at NTU, you can choose between a one-year full-time program or an 18-month part-time program. The full-time one costs S$65,000, and the part-time one costs S$72,760. This shows that NTU offers different ways for students to learn, making it a great place for your education.
NTU MBA Prerequisites:
- Bachelor’s degree
- Minimum of two years of professional work experience
- Competitive GMAT or GRE score
- TOEFL score > 100 IBT or IELTS score > 6.5, if English was not the medium of instruction used at the undergraduate level
NTU Professional MBA Prerequisites:
- Bachelor’s degree
- At least three years of full-time work experience
- Competitive GMAT or GRE score
- TOEFL score > 100 IBT or IELTS score > 6.5, if English was not the medium of instruction used at the undergraduate level
Singapore Management University
The Singapore Management University (SMU) is a public university in Singapore, established in 2000. It is the third oldest autonomous university in the country and is known for its world-class research and distinguished education.
SMU offers undergraduate and postgraduate programs in various disciplines such as accountancy, business administration, economics, law, and social sciences.
The university is triple accredited by AACSB, EQUIS, and AMBA. SMU is organized into 8 schools, including the School of Accountancy, Lee Kong Chian School of Business, School of Economics, and School of Law.
The campus is located in the heart of downtown Singapore and is designed to foster strategic linkages with the business, government, and wider community.
SMU offers a broad range of undergraduate, graduate, and professional programs across disciplines such as business, law, social sciences, information systems management, economics, and more. Its curriculum is designed to cultivate critical thinking, effective communication, and leadership skills, preparing students to excel in their chosen fields.
One distinctive feature of SMU is its seminar-style classes, which encourage lively discussions and active student participation. This dynamic learning environment fosters collaboration, creativity, and real-world problem-solving skills.
Furthermore, SMU places a strong emphasis on experiential learning, offering opportunities for internships, industry projects, and overseas exchange programs. These experiences allow students to gain practical insights and develop a global perspective.
In addition to academic excellence, SMU is also known for its vibrant campus life, with numerous clubs, societies, and cultural events enriching the student experience. The university’s central location provides easy access to various amenities, including shopping malls, restaurants, and cultural attractions.
Overall, Singapore Management University is recognized for its commitment to producing well-rounded graduates who are equipped to thrive in today’s dynamic and interconnected world.
The curriculum is based on the latest management research and practical approaches. The goal is to develop leaders who are adaptable and dynamic.
The program can be completed in 15 months full-time (or 10 months with flexibility) and 18 months part-time. The cost for getting an MBA from SMU is S$69,550.
SMU MBA prerequisites:
- Finished college from a good university.
- Worked for at least two years after college.
- Done well on either the GMAT or GRE tests.
- Good people skills, a global mindset, and the ability to work well in teams.
INSEAD Business School
INSEAD is a prestigious graduate business school with campuses in France, Singapore, the United Arab Emirates, and the United States.
It offers postgraduate programs such as a full-time Master of Business Administration (MBA), an Executive MBA (EMBA), Master in Management (MIM), Doctor of Business Administration, and executive education programs.
Known for its global educational experience, INSEAD has a diverse community with students from various nationalities.
The school has a strong reputation in entrepreneurship, producing CEOs and billionaires, and ranks highly in global business school rankings like the Financial Times.
INSEAD emphasizes diversity, independence, rigor, relevance, and an entrepreneurial spirit in its teaching and research approach.
The INSEAD MBA is a full-time, 10-month course. However, it comes with a higher cost, as the school’s fees are approximately S$140,410, making it the most expensive program on this list.
Here are some key points about INSEAD:
- Global Presence: With campuses in Europe (Fontainebleau, France), Asia (Singapore), and the Middle East (Abu Dhabi), INSEAD offers a truly international experience to its students.
- MBA Program: INSEAD’s MBA program is one of the most renowned in the world, consistently ranked among the top business schools globally. It focuses on providing a diverse and immersive learning experience, with students coming from over 90 countries.
- Executive Education: INSEAD offers a range of executive education programs tailored to meet the needs of experienced professionals and organizations. These programs cover a variety of topics, including leadership, strategy, and innovation.
- Research and Thought Leadership: INSEAD is known for its cutting-edge research in areas such as strategy, entrepreneurship, and finance. Its faculty members are respected scholars and practitioners in their respective fields.
- Entrepreneurship and Innovation: INSEAD has a strong focus on entrepreneurship and innovation, offering programs and resources to support aspiring entrepreneurs and intrapreneurs. It also has its own startup incubator, the INSEAD Entrepreneurship Center.
- Alumni Network: INSEAD boasts a vast and influential alumni network, with over 60,000 alumni spread across the globe. These alumni hold leadership positions in diverse industries and play an active role in supporting current students and fellow graduates.
Overall, INSEAD Business School stands out for its commitment to excellence, innovation, and global perspective, making it a top choice for aspiring business leaders from around the world.
INSEAD MBA prerequisites:
- A Bachelor’s degree from a reputable university.
- A competitive GMAT or GRE score.
- It is strongly recommended to have a minimum of two years of work experience.
How to Choose the Right MBA Program?
Choosing the perfect MBA program involves careful consideration of various factors. Here’s a guide to help you:
Step 1: Clarify Your Career Goals
The first crucial step in choosing the right MBA program is to clearly define your career objectives. Given the high costs of business schools in Singapore, it’s important to understand why you’re considering pursuing an MBA. Think about whether you want to switch careers, move up in your current job, or reach a higher management position.
Step 2: Assess MBA Suitability
Since investing in an MBA involves both monetary and time commitments, it’s essential to evaluate whether pursuing an MBA aligns with your professional goals. If not, it might be more prudent to allocate resources to other endeavors.
Step 3: Choose the Appropriate MBA Format
MBA programs come in various formats such as full-time, part-time, online, and executive MBAs. Select the format that best accommodates your schedule and financial considerations.
Step 4: Apply for the MBA
Collect and prepare the necessary documents, including educational transcripts, proof of work experience, and any required personal or reference statements, to complete the MBA application.
So, in 2024, if you’re searching for the cheapest Online MBA in Singapore, make sure to explore different options and compare their prices. Look closely at what each program offers and how much it costs.
Remember, the one that’s most affordable for you might be different from someone else, depending on the specific course. Take your time to choose the Online MBA that fits both your needs and your budget!
