MBA Programmes in Singapore (2024)

 Singapore is a popular destination for MBA aspirants, with a range of programs available to choose from. MBA programs in Singapore offer a modern curriculum aimed at helping students succeed as professionals, with courses covering topics such as finance, marketing, and management.

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The National University of Singapore (NUS) MBA program is one of the top-ranked programs in the world, providing a strong ecosystem for participants looking for deep understanding and insights into business in Asia.

Top MBA Universities in Singapore

In this article, we will explore the various MBA programs available in Singapore in 2024 and what makes them stand out.

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Stay tuned and read the post till the end to discover a top MBA university in Singapore, the requirements for pursuing an MBA, the costs involved in getting an MBA in Singapore, available scholarship programs, and the career opportunities for MBA graduates in Singapore.

Why Study MBA in Singapore?

Singapore is a popular place for getting an MBA. It offers great education, a lively city life, and is a thriving financial and economic center. The country’s mix of cultures and its focus on a global perspective make it attractive for students from both inside and outside Singapore.

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.

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MBA Programmes in Singapore

The MBA programs, which usually take 1.5 to 2 years, cover different specializations like marketing, information technology, finance, and hospitality, making Singapore a compelling choice for a dynamic and complete MBA experience.

Top MBA Universities in Singapore

The Master of Business Administration (MBA) is a globally recognized degree program that provides training in the skills necessary for business management and administration. Here are some of the top business schools in Singapore offering MBA programs, along with their rankings and program durations:

UniversityProgramFinal Round Application DeadlineProgram DurationTuition Fees (SGD)
INSEAD Asia CampusMasters in Business Administration5 March 202410 Months98,500
National University of Singapore (NUS)Masters in Business Administration2 April 202417 months94,730
Nanyang Technological University (NTU)Masters in Business Administration31 March 202412 months or 18 months69,550
Singapore Management University (SMU) – LKCSBMasters in Business Administration30 November 20241 year (10 weeks internship)70,200.00
SP Jain School of Global ManagementMasters in Business AdministrationApril 26, 202316 months + 4 months internship50,079
Amity Global InstituteMasters in Business AdministrationRolling1 year21,000

Best Executive MBA in Singapore

An Executive MBA (EMBA) is a professional degree designed for executives and professionals looking to enhance their existing experience and knowledge through education. Some well-known business schools offering Executive MBA programs in Singapore include:

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UniversityProgram & DurationApprox Tuition (USD)
NUSUCLA-NUS Executive MBA (15 months)118,080
NUS Executive MBA (15 months)80,984
INSEADGlobal Executive MBA (14-17 months)140490
Tsinghua INSEAD Executive MBA88026
SMUSMU Executive MBA82132

Prerequisites for Pursuing an MBA in Singapore

People really like doing MBA courses in Singapore because they offer a great learning experience. If you want to start an MBA, you can apply in September, October, or January. Most top business schools in Singapore start their MBA program in April. In the following sections, you’ll find information about how to apply and what you need to get into a school in Singapore.

MBA in Singapore: Eligibility Criteria

To study in Singapore, you need to meet certain requirements for popular business schools. Here’s what you generally need:

  • Language Tests: If English isn’t your first language, you might need to take tests like IELTS or TOEFL.
  • GMAT/GRE Scores: Some schools may ask for these scores, but not always.
  • Bachelor’s Degree: You must have a degree from a recognized university, in any subject.
  • Minimum Grades: Keep your grades decent – at least 2.8 CGPA (like 83% or a B grade).
  • Work Experience: Usually, you need to have worked for at least 2 years.

MBA in Singapore: Admission Requirements

Here are the details of specific scores and additional eligibility requirements that international students might need to meet when pursuing an MBA in Singapore:

UniversityStandardized Test ScoresELP Test Scores
INSEADGMAT score requiredTOEFL – 100, IELTS – 6.5, PTE-68
NUSGMAT: 600TOEFL cBT: 260, IELTS: 7.5
Nanyang Technological UniversityGMAT: 600IELTS: 6.5, TOEFL: 100
Singapore Management UniversityGMAT: 600TOEFL: 100, IELTS: 7.0
SP Jain School of Global ManagementGMAT: 650IELTS- 6.5, PTE-600
Amity Global InstituteGMAT: 610TOEFL: 92, IELTS: 6.5

MBA in Singapore Documents Requirements

When applying to universities and business schools in Singapore, you’ll need various documents. You can usually send scanned copies of your application, but original documents might be required upon enrollment. Here’s a list of the necessary documents:

  • Application fees Receipt
  • Passport details
  • Student Pass (for non–Singapore citizens)
  • Past academic documents
  • Tuition grant: if applied for any
    • Financial aid applications
  • Awards/ Recognitions/ co-curricular activities/ extracurricular activities/ competitions
  • Criminal Offence records, if any
  • Medical report stating any disability or illness
  • Scores of tests are required for studying in Singapore.

Expenses of Pursuing an MBA in Singapore

Studying abroad, especially for an MBA in Singapore, involves various expenses. These include costs from before you leave to after you arrive, along with the actual tuition fees. Students must be aware of these expenses and plan for a smooth experience.

Tuition Fees for MBA in Singapore

According to a recent survey by Singapore Business Review, the average cost of an MBA Degree in Singapore, covering tuition fees, accommodation, food, and entertainment, is around 100,000 USD.

MBA in Singapore: Tuition Fees

For an MBA in Singapore, tuition fees typically range from 21,000 SGD to 98,000 SGD, depending on the university. It’s important to note that a higher fee doesn’t necessarily indicate a better quality of education.

Some colleges with lower fees offer high-quality education, and vice versa. Therefore, it’s advised not to judge a course or university solely based on the fees. Here are the fee details from some of the top universities:

UniversityTuition Fees in SGDTuition Fees in INR
INSEAD Asia Campus98,50060.24 Lakh
National University of Singapore (NUS)91,09055.71 Lakh
Nanyang Technological University (NTU)69,55042.54 Lakh
Singapore Management University(SMU) – Lee Kong Chian School of Business70,20042.93 Lakh
SP Jain School of Global Management50,07930.63 Lakh
Amity Global Institute21,00012.84 Lakh

Cost of Living in Singapore

After completing the admission process and arriving in Singapore for your studies, it’s important to consider living costs. The cost of living in Singapore varies based on different factors. Here’s an overview of the average expenses:

 

ParticularsAverage Monthly costs(USD)
Accommodation500-1400
Travel100-200
Food300-500
Miscellaneous350-700

Scholarship Programs for MBA in Singapore

There are three main types of grants and scholarships available for financing studies in Singapore. Government Scholarships, External Scholarships, and University-Specific Scholarships. Here’s a brief explanation of some popular scholarships in each category:

External ScholarshipEligibility CriteriaAmount Awarded
BrokerFish International student scholarshipMerit-basedMerit-based
Global Study AwardsMerit-based scholarship SGD 10,000
The Financial Sumo Educational Scholarship ProgramMerit-basedUSD 1,000
INSEAD Antonio Borges Endowed ScholarshipOutstanding academic achievementsup to SGD 20,000
The NUS MBA Dean’s AwardMerit basedSGD 5,000
The NUS MBA Excellence & Achiever AwardsAcademic and professional achievements, and leadership potential15% or more of the tuition fees

Career Opportunities for MBA Graduates in Singapore

To plan a career after completing your degree, you’ll need a work visa for Singapore. MBA graduates in Singapore often secure various managerial job roles, and here are some popular positions along with their average annual salaries:

ProfessionAverage Annual Salary (in SGD)Salary Annual Salary (INR)
Account Executive84,96052.2 Lakhs
Account Examiner51,60031.75 Lakhs
Affiliate Manager108,12066.5 Lakhs
Administration Manager103,68063.78 Lakhs
Compensation Analyst127,20078.25 Lakhs
Strategy Manager222,5001.36 crores
Business Development Manager102,000 62.75 Lakhs

MBA programs in Singapore seem awesome. You get to learn a bunch of cool stuff about business at some great universities. But, don’t forget, it’s important to know about the costs and check if there are scholarships to help you out. If you’re thinking about doing big things in business, studying for an MBA in Singapore could be just the thing you’re looking for!

FAQs

Q: How much does an MBA degree in Singapore cost?

The average fees for MBA programs in Singapore typically range from 50,000 USD to 90,000 USD, depending on the university and the specific course. For Indian students, this translates to approximately 11 Lakhs to 74 Lakhs in their currency.

Q: Which MBA University is best in Singapore?

Some of the best universities in Singapore for MBA are NUS, INSEAD, Nanyang Business School, and Singapore Management University. They are really good and are among the top 100 in the world according to FT Rankings.

Q: Is GMAT required for an MBA in Singapore?

In Singapore, you don’t always need to take the GMAT to do an MBA. Some top universities don’t make it a must. Instead, they look for applicants with at least 2 years of work experience and a CGPA between 2.5 and 2.8.

Q: Is an MBA in Singapore worth it?

Yes, an MBA in Singapore can be worth it, offering valuable opportunities for education, career growth, and exposure to a dynamic business environment.

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