cost of mba in Singapore

BestMBACollegesinSingapore

With an economy above $300 billion, Singapore has established its rich potential as a gateway to markets in Asia-Pacicwith an overseas presence, so it’s no wonderthat its MBA universities feature in the top of FT ranking MBA Colleges in Singapore are the mostsoughtafterthananyotherdegree Itopensawidearrayofopportunities Itfosters a start-up ecosystem to encourage economic activity and investment for MBA students who aspire to be entrepreneurs An MBA salary in Singapore is varies not only on the specializationandexperiencebutalsoonthechosenindustry

ApplyingforMBAinSingapore?

Increaseyourselectionchances

TalktoOurExpertsandfindouthowwecan3xyourAdmitChance

The MBA courses offered by top-notch universities in Singapore stands out in an increasingly competitive job market One of the reasons is the choices of specializationsthatthecountry offerontheirMBA,enablingstudentstofocusontheirspecicinterestareasuchasinnovationandentrepreneurship,consulting, digital business, strategy and organization, nance and more Moreover, the course curriculum helps students get the exposure to business trends, models, developments,andleadership,allfromauniquelyAsianperspective

Furthermore, the top MBA colleges in Singapore have academic partnerships with overseas institutions like the Wharton School in Philadelphia, Georgetown University and UC Berkeley Some universities might have MBA entrance exams Such a vast network coupled with a business-friendly environment helps graduates of MBAin Singapore enjoy high employability rates with a number of the world’s leading businesses where one can expect to make up to 90,000 to 180,000USDayear

BestMBACollegesinSingapore

Standardmeasureshavechangedfromfeaturededucationto whatthenationasawholehastooffertothestudentforthemoneybeinghulledout Singaporeasacountryranksamongstthefavouritesforstudentsexploring tostudyoverseasasitgives,qualityeducation,integralgrowth,worththemoney,safetyandsecurityandoverallanopportunitytoworkinthecountryafter graduating Adistinctnation,Singaporeoutshinesinwhatithastoproffertoitsinternationalstudentssuchashistoricalpast,vigorousculture,fascinatingtourist attractionsanddelightfulcuisine,SingaporeisamixtureofallthatispleasurableTheMBASalaryinSingaporeprovideiscloselycorrelatedwithyoureducation andexperience,butitalsodependsonanumberofadditionalcriteria

Nowadays,studentswhochoosetostudyoverseasaresearchingformorethantopuniversities

WhatarethebestMBAcollegesinSingapore?

NUSBusinessSchool

CourseDetails

NUSMBAfromNationalUniversityofSingaporeisa17months full-timeprogram

•Thetotalfeeisaround$56,455

•MBASalaryinSingaporeis$161,168aftercompletingthe degree

Eligibility

Abachelor’sdegreewithminimum2yearsoffull-timepostgraduationprofessionalexperience

•AGMATwithaminimumof600pointsorequivalentGREresult

•Aminimum100scoreinTOEFLor65inIELTSisrequired

ClassProfile

AverageAge : 29years

ClassSize : 120

AverageWorkEx : 6Years

AverageGMAT : 670

AverageGPA : 31to35

ReadmoreaboutNUSMBA

Singapore,Asia

NanyangBusinessSchool

•NanyangMBAfromNanyangInstituteofTechnology(NUT)is 12-18monthsfull-timeprogram

•Thetotalfeeis around$51,663

•YoucangetanaverageSalaryof $136,365threeyearsafter graduation

Eligibility

•Abachelor’sdegreewithaminimumof2yearsofwork experience

•Aminimum600GMATpointsorequivalentGREscoreis required

TOEFLscore–100IBTorIELTSscore–65isrequired

Singapore,Asia

CourseDetails

•LeeKongMBAfromSingaporeManagementUniversityisa15 monthsfull-timeprogram

Thetotalfeeisaround$51,663

YoucangetanaverageSalaryof$631,407aftercompletingthe degree

Eligibility

•Abachelor’sdegreefromareputableinstitutionwithaminimum post-degreeworkexperienceof2years

Anadmissionstest(GMAT/GRE/SMUAdmissionsTest)is required

•TOEFL/IELTSisonlyrequiredifundergraduateorpostgraduate educationwasnotinEnglish

Singapore,Asia

Management

Singapore,Asia

INSEADAsiaCampus

CourseDetails

SIMMBAfromSIMGlobalEducationisa2-yearpart-time program

•ThetotalfeeforstudentsoutsideSingaporeisaround S$38,90520

•MBASalaryinSingaporeis$85,000aftercompletingthe degree

Eligibility

•Abachelor’sof4yearsorequivalent

•StudentsapplyingfortheMBAprogrammustsubmitGREor GMATtestscores

•IELTS55orTOEFL550(TOEFLiBT:59)istheeligibility requirementforadmission

CourseDetails

•INSEADMBAfromINSEAD,Singaporeisa10monthsfull-time program

•Thetotalfeeisaround$103,520

MBASalaryinSingaporeis$103,800aftercompletingthe degree

Eligibility

•Abachelor’sdegreeorequivalentfromarecognizedcollegeor university

AcompetitiveGMATorGREscoreisrequired AminimumTOEFLIBT:105;TOEFLCBT:260;TOEFLPBT:620; IELTSAcademic:75orPTEAcademic:72isrequired

Singapore,Asia

ClassProfile

AverageAge : 23years

ClassSize : 50

AverageWorkEx : 1-2Years

AverageGMAT : 630

AverageGPA : 28

ClassProfile

AverageAge : 23-36years

ClassSize : 500

AverageWorkEx : 3-8Years

AverageGMAT : 710

AverageGPA : 315

ReadmoreaboutINSEADMBA

LeeKongChianSchoolof Business

SingaporeInstituteof

BenefitsofMBACollegesinSingapore

ThegovernmentofSingaporetakesitsEducationSectorseverely,whichisexhibitedinitsstate-of-the-artinfrastructurethoroughlymixedwithaquality education Residencetosomeofthemostreputableuniversitiesintheworld,Singaporeiseverystudent’sidealdestination

StudentswhowishtopursuehighereducationinSingaporeholdtheadvantageofbeingabletoselectfromavastpoolofprogramsandinstitutions Students canpickfromhundredsofMBAprograms,offeredinthenationbyallkindsofuniversitiesofhighereducation

StudentswhochooseSingaporeastheirpreferrednationforMBAcaneithergofortheclassicMBADegreewhichusuallyrevolvesaroundgeneralmanagement orpicksauniqueoptionandoptsfor,specializedMBAcourseswhichwouldextendtothenookindustrysuchashealthcaremanagement,consultingand logistics AnMBAinBusinessAnalyticsisalsooneofthemostpopularprograms

ThesimplefactthatstudentscanselectfromsuchawiderangeofMBAcourseshasplacedSingaporeontheinternationaleducationmapastheMBAin Singapore

No ofIntakesForcourse

Singaporegovernmentuniversitiesusuallyhavetwostudyabroadintakesie AugustandFebruary,alongwiththeprivateinstitutesallowingseveralintakesin January,February,July,August,September,andOctober

VisaProcessforMBACollegesinSingapore

InSingapore avisaiscalleda‘Pass’ Similarly universitiesinSingaporearecitedasIHLsorInstitutesofHigherLearningingeneral

InternationalstudentswhosestudyprograminSingaporeremainsformorethan30daysmustapplyforaStudentPass Inotherwords,potentialfull-time internationalstudentsneedtoholdaStudentPass

AllStudentPassformsareputforwardtotheSOLAR(Student’sPassOnlineApplicationandRegistration)system,Singapore’sstandardregistrationsystem ArequirementinappealingforaStudentPassisanadmissionnotefromauniversityinSingapore

ApplicationsfortheStudentPassmustbeobtainedatleastamonthpriortothecommencementofthesemesteroracademicyear ApplicationsfortheStudentPassareimmediatelyprocessedbytheSingaporeImmigrationandCheckpointsAuthority(ICA)iftheapplicantisaged19or underandexploringtostudyinaprivateinstitution Nonetheless,iftheapplicantisaged20orabovewhowantstostudyalanguage,commercial,vocational, orneartsdegreeprogram,theEmbassycommonlyobligesaninterview ThecountryhassomeofthetopMBACollegesinSingapore

Usually,theStudentPassapplicationsprocesscanbefast Sometimes,ittakesjustaroundtwoweekstoamonth Lateryouwillbeinformedifyouhavebeen allottedtheStudentPassornot Afterthecompletionoftheprogram,theStudentPassshouldbesubmittedtotheimmigrationocewithinaweek StudentPassholdersinSingaporearepermittedtoworkpart-timewhilepursuingthedegree Theydon’thavetoapplyforaWorkorEmploymentPassiftheir jobisbarelyforamaximumof16hoursinaweek

Therefore,studentswithanexpiredPassmustleavethecountryoncestampeddateexpires InternationalstudentswhowanttondemploymentinSingaporeafterthecompletionoftheircoursecanapplyforaVisitPass TheVisitPasspermitsthe holdertoremaininSingaporeforoneyear

Singaporeissternwhenitcomestothevalidityofpasses

Ifyoubecomesuccessfulinobtaininganemploymentcontract,youcanapplyforanEmploymentPass Theuniversitycansponsorthestudent’swifeandchildrenforaSocialVisitPassforGraduatestudentswhoholdastudentpassinSingapore ThisPasswill permitthemtoliveinSingaporeforfourweeks

RequirementsforSingaporeStudentPassApplication

Validpassport

Valididentitycard

Recentpassportphotograph

AcceptanceletterfromaSingaporeanuniversity

Aprintedcopyofthee-form16andFormV36(fromSOLAR)

Extensivestudyplan

Medicalcerticate(consistentwiththeICAformat)

Requiredstandardizedtestscores(ie GRE,GMAT,TOEFL,IELTS)

Applicationfees

Birthcerticate

MBACollegesinSingaporeEligibility

Candidatesmusthavethreetofouryearsofworkexperience(mayvaryaccordingtouniversity)forMBAinSingapore

Internationalstudentsandnon-nativeEnglishspeakersmustsubmittheirTOEFL(TestofEnglishasaForeignLanguage)orIELTS(InternationalEnglish LanguageTestingSystem)scores

ScoresofGMATorGREaremandatory

TheaverageMBAsalaryinSingaporeis$1742permonth

EntranceExamsRequiredforMBACollegesinSingapore

TOEFL

SingaporeUniversitiesallowtheTestofEnglishasForeignLanguage(TOEFL)whichisadministeredbyEducationalTestingServices(ETS),USAforMBAin Singaporeadmissions ThetestintendstocheckthecapabilityofanindividualtocomprehendandcommunicateinbasicNorthAmericanEnglish Thetests, likeIELTS,testsyouonspeaking,writing,readingandlisteningabilitiesandisalsouniversallyacquired

Bothpaper-basedtestsandinternet-basedtestsareacceptedUniversally WhileseveraluniversitiesmayallowTOEFL,fewmightexplicitlyaskforadditional examsso,itwillbebesttoinquireabouttheteststhatareacceptedbytheuniversities

TherearefewadditionaltestslikePTE(PearsonTestsofEnglish)whicharealsouniversallyaccepted WhileUniversitiesusuallyacceptthescores correspondently,someuniversitiesmayrequestforaparticularcourse Forthesame,itisalwayssensibletochecktheUniversitiesfortheTestsneeded

IELTS

InternationalEnglishLanguageTestingSystem(IELTS)iscarriedoutbytheUniversityofCambridge,LocalExaminationSyndicate Itisusedbroadly,inover 110countries,andthetestisgenerallyacceptedbytheUniversitiesworldwidealongwithSingapore

AsaprociencytestfortheEnglishlanguage,thetestisclassiedintofoursections,suchasreading,listening,speakingandwritingandwillgradeyouona bandthatrangesfromgoodtobad ThecompletescoreforIELTSisthencomputedbyaddingscoresacrossallsectionsandchangefrom1–9 Generally,an acceptedaverageforIELTSscoreis65forSingaporeUniversities

GRE

AstudentsaptitudeforthepostgraduatecourseismeasuredbyGREwhichisgenerallyconductedbyEducationalTestingServices(ETS)andacceptedall aroundtheworld Itisessentialtonotethatwhileuniversitiesallowthetests,theymayrequireyoutochooseasubjecttestaswell

GMAT

Forpostgraduatecoursesinmanagement/business/nanceGMATorGraduateManagementAptitudeTestisbroadlyacceptedacrossSingapore

AdministeredbyGMAC,GMATisanacceptedstandardtestofaptitudewhichmeasurestheabilitiesofanindividualformanagementprograms Itisessential tonotethatsomeuniversitiesmayneedaGREinplaceofGMATfortheMBAcourses YoucanalsoapplytoMBAinUSAwiththesamescore

TopUniversitiesOeringMBAinSingapore

LivingCostforMBAinSingapore

SingaporehasoneofthemostdistinguishedlivingstandardsinSouthEastAsia StudentsoftenoptforaMastersinManagementinSingapore alongwithMBAprograms Regularnecessitiesandindulgencesareeasilyaccessible Belowaresomeoftheestimationsofhowmuchis neededthroughoutyourstayinSingaporewhilestudying However,thesedonotcovertuitionfeesandtravelcostsfromyourhomecountryto Singapore

Onaverage,aninternationalstudentinSingaporespendsaboutS$750toS$2,000amonthonlivingcosts However,thisamountmaydifferaccordingtoyour choiceoflifestyleandthecourseyouarepursuing

Accommodation

Singaporehasawell-structuredhousingzonewhetheryouaresearchingforarentalhouseinsidethecityoroutsideit,thecostsmayvaryaccordingly The averagemonthlyrentforaone-bedroomatinthecitymaycostupto2,812SGD However,thesameone-bedroomatcosts1,912SGDoutsidethecity

Someoftheotheraccommodationoptionsaresharedrentals,on-campushousing,andhostels

Transportation

Anothersignicantexpenseotherthanaccommodationandfoodistransportation ThestudentscantravelanywhereinSingaporewithpublictransportlikeabus byoptingforamonthlypass Themonthlypassmaycostupto100SGDpermonth

OverallExpenses

Someoftheothermiscellaneousexpensesthatcannotbeavoidedare:

Utilitieslikewaterandelectricity:$40to$100

Food:$300to$450costmayvaryaccordingly

Internet,PhoneandTv:$90

BooksandStationery:$150

Haircut:$35

Studentscanworkupto16hoursaweekduringthedurationoftheircourseandcanearnpocketmoney However,itmightnotbesucientfortuitionfees,itcan beusedformonthlyexpenses

MBASalaryinSingapore

AccordingtotheFinancialTimes,basedonitsGlobalMBArankingwiththreeyearsofworkexperienceaftergraduating,MBAsalaryinSingaporeisanaverage annualsalaryofUS$142,000in2016 Thepreviousyear’salumniearnedanaverageofUS$135,000,makingitthehighestriseinMBAgraduatesalariesover thedecade

Businessesinthenancialservicesande-commercesectorsremuneratedtheirMBAgraduatesthemost,onaverage,US$159,000andUS$154,000peryear, accordingly

GraduatesfromtheNationalUniversityofSingapore(oneofthebestMBAcollegesinSingapore)werepresentedUS$131,500,whileMBAgraduatesfrom Singapore’sNanyangBusinessSchoolwerepresentedanaverageannualsalaryofUS$126,000in2016

TheaveragebasepayforanMBAinSingaporegraduateis$97,000andforanExecutiveMBAis$111,000

Singapore’sbusinessschoolsrankwellintheQSWorldMBArankingsanddrawstudentsfromallaroundtheworld In2019,afthofalltechnologyinvestment inSoutheastAsiawasmadebythemorethan37,000foreignbusinessesoperatinginSingaporeandstartupsfromthethreeunicorns MBAsalaryinSingapore mayanticipateanaveragepayofSGD51,000

WorkVisaAfterCompletingMBAinSingapore

Along-termVisitPass(LTVP)canbeallottedtoIndianstudentswhohaveobtainedtheireducationalcerticate/degreefromtheregisteredInstitutesofHigher Learning

Astudentneedstohaveavalidstayof10dayslefttoapplyforanLTVP ThestudentshouldpayanextensionfeeofS$40whenthevalidVisitPassassigned tohimhasaccruedtoaperiodofthreemonthsormore,followingthedateofentry/issuanceoftherstpassandshouldcontinuethisforeverysucceeding threemonths

Whenastudentacceptsajoboffer,thentheemployercanapplyforandgetaWorkPermitfortheemployee DocumentsrequiredforApplyingforanLTVP

OriginalandCopyoftheeducationalcerticateobtainedfromtheIHL

CopyofPassportwithaminimumvalidityof6monthsandpersonalparticularspage

ValidVisitPassissuedtostudentswhenenteringSingapore(aspartoftheStudentPass)

dentPassissuedatthetimeofadmission

RecentPassportsizedphotowhichisnotolderthan3monthsincolouragainstawhitemattebackground

Underthevisarequirements

Studentsneedtoapplyonlineate-VPforanLTVP

Studentsmustpayanon-refundableprocessingfeeofS$30atthetimeofapplication

WhenthestudentsobtainanIn-PrincipalApproval,theyneedtopayanissuancefeeofS$60under30days Ifthestudentfailstopaythesame,itmightresult intheautomatedretreatoftheapplication

JobOpportunitiesAfterMBACollegesinSingapore

MBAstudentsinSingaporehaveaccesstoaco-dependentenvironmentthatgivesthemthechancetolearninathrivingdigitaleconomyandlaunchintocareers inaglobalisedmarket Becauseoftheaffordableinvestmentandattractiveworkprospects,MBAcollegesinSingaporeisquicklybecomingoneofthetop destinationsforMBAstudentsinAsiaandthroughouttheworld

StudentswithanMBAdegreehaveawiderangeofjoboptions

Toprepareforyourfutureemploymentaftergraduation,youwillrequireaSingaporeworkvisa In Singapore,numerousmanagerialjobsarefrequentlygiventoMBAgraduates

AnMBAdegreefromthetopMBAcollegesinSingaporewouldundoubtedlysetyouapartfromcompetitorsinyourindustry Youcanalsopursueanadditional specializationafterearningyourMaster’sdegreeinordertostandoutinyourMBAjobapplications

AfterearningyourMBA,youcanchoosefromawiderangeofcoursesinSingaporethatwilladvanceyourprofessionalabilities,instillbusinessethics,andaidin personalgrowth ThereareplentytypeofjobsafterMBA:

AccountingManager

Asst BusinessDevelopmentManager

BusinessConsultant

BusinessDevelopmentManager

GeneralManager Manager

ProductManager

Conclusion

Singaporeisanattractivestudydestinationforseveralinternationalstudents Singaporeuniversitiesselectstudentsbasedontheiracademicaccomplishments ratherthanentranceexaminationswhichmakesthemfurtherfamousamidstrecentgraduatesforMBAinSingapore

However,alltheostentationmaymeannothingifthequalityoftheMBAinSingaporedegree,hasnovalueintheinternationalcircle Withitsrationaleducation programs,relativelylowtuitionfee,withcomparisontotheUS,world-renownedteachingfaculty,andaveryintimidatingnetworkofformeralumni,mosthaving securedanextremelydesirablepositionsatthedaintiestMBArecruitingrmsintheworldsuchasreadMcKinsey,BostonConsulting,Bain&Company,Amazon, Google,Microsoft Singaporeb-schoolsarenowatrademarktocomparewithotherbusinessschools

AscomparedtootherMBAsindifferentcountries,MBAinSingaporeisquiteinexpensiveandisaffordabletomostofthestudents MBAinleading institutionslikeNationalUniversityofSingaporeofferingTheNUSMBA,NanyangTechnologicalUniversityofferingNanyangMBA,SPJainSchoolof GlobalManagementofferingMasterofGlobalBusiness,JamesCookUniversityinSingaporearesomeoftheuniversitiesofferingMBAinSingapore betweentherangeof$47,876-$55,680