Accelerate Your Career Path by Pursuing an MBA in Singapore
Jul 19, 2021
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Singapore, the financial centre of Southeast Asia is a trending study overseas destination among international aspirants as this small island nation has leading universities offering high quality education and ample work opportunities as it’s a global business hub. Singapore is a study destination that can’t be skipped by those aspiring to pursue an MBA abroad. Let’s see why!
Multi-Country MBA Programs - Few Business Schools in Singapore offer multi-country Global MBA programs that allow students to study at the dynamic business hubs of Dubai, Mumbai, Singapore, Sydney etc.
Scope to gain a Global Perspective - Business schools in Singapore offer an opportunity to delve into both Asian and global markets. The management education here entirely focuses on providing a global learning experience.
Budget-Friendly - Compared to the study overseas destinations like USA, Australia and UK, an MBA Degree at a Singaporean University is quite light on the pocket.
Ample Work Opportunities Post MBA - Being home to top companies like Grab, Carousell, Nium, and more, Singapore offers ample work opportunities to international students after MBA. Secondly, for those with their eyes on tech, or launching an innovative business venture, Singapore is an ideal destination.
With all such advantages, who wouldn’t consider Singapore to study an MBA. Let’s look at the types of MBA programs offered by Singaporean Universities.
Types of MBA Degrees offered by Singapore Universities
There are a number ofMBA universities in Singapore that offer theory-based knowledge along with practical training. These universities offer different types of MBA degrees:
Full-Time MBA - Ideal for recent graduates or professionals seeking an immersive experience, full-time MBAs in Singapore typically span 12 to 17 months. Tuition fees vary by institution.
Part-Time MBA - Designed for working professionals aiming to balance studies with employment, part-time MBAs extend over 16 to 24 months. Tuition fees generally depend on the university.
Executive MBA (EMBA) - Tailored for seasoned executives with significant work experience, EMBA programs focus on advanced leadership and strategic skills. These programs often feature modular formats to accommodate busy schedules. Tuition fees vary widely.
Specialized MBA - For those targeting specific industries or functions, specialized MBAs offer focused curricula. Areas include Finance, Marketing, Healthcare Management, and more. Tuition fees and program durations vary based on the specialization and institution.
MBA in Singapore - Top Business Schools
When you choose to study in Singapore for your MBA, you'll be at the crossroads of innovation, culture, and global business. Here is the list of business schools to study in Singapore along with the tuition fee and the course duration specified.
Business School
Annual Tuition Fee
Total Duration
Curtin Singapore
SG$ 39,000
16 Months for full time
James Cook University
SG$ 41,529
12 Months for full time
Embry Riddle Aeronautical University Asia
SG$ 44172
12 Months for full time
SIM Global University
SG$ 41,202
24 Months for Part time
SP Jain School of Global Management
SG$ 42,756
12 Months for full time
PSB Academy
SG$ 25,995
12 Months for full time
Nanyang Institute of Management
SG$ 23,762
12 Months for full time
Kaplan Higher Education Academy (KHEA)
SG$ 31,544
12 Months for full time
East Asia Institute of Management
SG$ 30,225
16 months full time
Popular MBA Specializations in Singapore
Singapore offers a varied range of MBA specializations that align with global business trends and industry demands. Here are some of the most sought-after specializations:
Finance and Banking - Ideal for those looking to build careers in investment banking, corporate finance, and fintech.
International Business - Focuses on global trade, cross-border management, and multinational strategies.
Entrepreneurship and Innovation - Designed for aspiring entrepreneurs and business leaders aiming to launch or scale ventures.
Marketing and Digital Strategy - Covers brand management, consumer analytics, and emerging digital marketing trends.
Supply Chain and Logistics Management - Prepares students for careers in operations, procurement, and global supply chain optimization.
Technology and Business Analytics - Equips students with skills in data-driven decision-making, AI, and business intelligence.
Healthcare Management - Tailored for students aiming to lead in hospital administration, pharma, and healthcare consulting.
Eligibility Criteria for MBA in Singapore for Indian Students
If you’re an Indian student aiming for an MBA in Singapore, here’s what you need to qualify:
Educational Background – A bachelor's degree from a recognized university with a strong academic record. Most institutions require a minimum of 55% – 60%, though this varies by institute.
Work Experience – At least two years of professional experience is recommended, though some programs may accept fresh graduates.
Standardized Test Scores – GMAT or GRE scores may be required, especially for top universities.
English Proficiency – If your undergraduate studies weren’t in English, you’ll need to submit proof of language proficiency as per university requirements.
Application Essays & Interviews – Some universities require responses to essay prompts or conduct interviews to assess candidates holistically.
Additional Requirements – Competitive universities may have extra criteria, such as leadership experience or a strong statement of purpose (SOP).
Each university has its own specific requirements, so always check official guidelines before applying!
Cost of Studying MBA in Singapore
The most important question that comes to mind for any student aspiring for an international education is the cost involved. Let’s break down the cost to study in Singapore if you are eyeing an MBA degree in this country.
Tuition Fees: SGD 23,762 approx. per year (Indicative – can vary depending on the university and program).
Living & Accommodation Costs: Around SGD 10,000 annually.
Airfare: Estimated at SGD 500 for a one-way trip from India to Singapore.
Visa Fees: SGD 90.
Admission Process for MBA
Follow these basic steps to fulfil the admission process in Singapore. However, specific steps may differ across various universities.
Choose Your University: Research and select the MBA program that fits your goals.
Fill Out the Application Form: Download and complete the form from the university’s official website.
Submit Required Documents: Include academic transcripts, GMAT/GRE scores (if needed), SOP, LORs, and a resume.
Pay the Application Fee: Use the available payment methods (credit/debit card, bank transfer, etc.).
Attend the Interview: Some universities may conduct online or phone interviews.
Secure Your Student Visa: Most universities provide full visa assistance, making the process smoother.
Prepare for Enrollment: Get ready to start your MBA journey hassle-free!
MBA Scholarships in Singapore for Indian Students
Although an MBA in Singapore is not that heavy on the pockets, the total expenditure including every small miscellaneous cost can make you feel the education cost is affecting your budget. To cut the cost margin a bit, here are a few scholarships that can help.
Scholarship Name
Amount
Eligibility
S P Jain School of Global Management – Merit Scholarships – A & B category
Depends on the category the student is eligible for.
Depends on the category. Check their official website for detailed eligibility criteria.
S P Jain School of Global Management – President’s Scholarship Award
Fulfill relevant academic requirements. Check detailed eligibility on university website.
Work Permit after Studying MBA in Singapore
After completing an MBA in Singapore, international graduates aiming to work in the country must secure an appropriate work visa. The primary options include:
Employment Pass (EP): Designed for professionals, managers, and executives with a job offer in Singapore. Applicants should earn a minimum monthly salary of S$5,000 and possess relevant qualifications. The EP is typically valid for 2-3 years and is renewable.
Training Work Permit (TWP): This permit is for semi-skilled foreign trainees undergoing practical training in Singapore. It is typically valid for up to 6 months and is employer-sponsored. Applicants must meet specific industry and training requirements.
Job Opportunities After an MBA in Singapore
Choosing to study in Singapore for an MBA opens doors to global career opportunities in a thriving business hub. With a strong economy and numerous multinational companies, graduates have access to diverse roles and industries.
Thriving Sectors: Finance, consulting, technology, and healthcare actively hire MBA graduates.
Top Employers: Companies like JP Morgan, Google, McKinsey, and DBS Bank offer great career prospects.
In-Demand Roles: Business analyst, management consultant, financial manager, and marketing strategist.
Career Growth: Networking, internships, and career fairs improve job opportunities.
Now that you are aware about the perks of pursuing an MBA in Singapore, leading business schools and the career prospects in Singapore, find out which business school is suitable to fulfill your career aspirations.
Connect to the Singapore Country Experts of KC Overseas Education, one of the best overseas education consultants in Asia. Connect with our team for shortlisting the right business school and for thorough guidance through the eligibility criteria and the entire application process.
FAQs
1. What is the average salary for international students after pursuing an MBA in Singapore?
International students studying in Singapore can expect an MBA starting salary of around S$50,000–S$70,000 per year. Earnings vary based on experience, industry, and job role.
2. What qualifications are required to pursue an MBA in Singapore?
To study in Singapore for an MBA, you typically need a bachelor’s degree, GMAT/GRE scores (if required), work experience (preferred), English proficiency (IELTS/TOEFL), and a strong SOP and LORs.
3. Will an MBA from a Singaporean university help me secure a rewarding job?
Yes, an MBA from Singapore offers excellent career prospects, with global job opportunities, high salaries, and strong industry connections, especially in finance, consulting, and technology.