MBA in Singapore: Universities, Colleges & Fees

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Rahul Singha Study Abroad Expert
Updated on May 31, 2022 01:20 IST

Study MBA in Singapore: Singapore is one of the major financial centres of Southeast Asia, and its competitive economy makes it one of the most sought-after educational destinations for international students looking to study abroad. World-class education, job opportunities, quality infrastructure, excellent health care, and international diversity attract students from all over the world to pursue higher education in Singapore.

With the top universities in Singapore offering Masters of Business Administration (MBA) programmes, Singapore is one of the most preferred destinations by MBA applicants. A highly competitive and well-developed economy and the availability of multiple job opportunities are some of the reasons why many students from all over the world apply for an MBA in Singapore. International students come to Singapore not only to study abroad but also to get exposure to an industry-focused curriculum and easy access to international networks.

MBA Colleges in Singapore Highlights

Total number of MBA Colleges in Singapore

Approximately 25+ MBA colleges

MBA cost in Singapore

Cost of studying for MBA in Singapore: INR 30 Lakhs (approx.)

Cost of living in Singapore: INR 4 Lakhs for a year on average. 

Top Specialisations

General Management, International Business, Finance, Marketing, Human Resources, Supply Chain, Hospitality

Admission Process

(Subject to university)

Bachelor’s Degree + GMAT/GRE scores + IELTS/TOEFL score + Statement of Purpose (SOP) + Letter of Recommendation (LOR) + resume + work experience

Also, Read

Affordable and cheap universities in Singapore

Application Process for UG/PG courses in Singapore

Part-Time Work Options in Singapore for Indian Students

Job Prospects for Indian Students in Singapore

Best MBA Colleges in Singapore

In this section, we are going to be talking about the top MBA colleges in Singapore for international students. While there are multiple ranking organisations that publish ranks every year. We have opted to follow the QS Subject Ranking and Times Higher Education (THE) Subject Ranking for our readers. 

University

QS Global MBA Rankings 2022 – Full Time MBA

THE World University Rankings 2022 by subject: Business and Economics

National University of Singapore (NUS)

Singapore, Singapore

#28

#15

Nanyang Technological University

 Singapore, Singapore

#29

#49

SP Jain School of Global Management

Singapore,

#251+

n/a

Top MBA Specialisations in Singapore

Here is a list of top MBA Specialisations in Singapore for Indian students looking to study in the country.

MBA in General Management

MBA in Hospitality

MBA in Finance

MBA in Human Resources

MBA in Business (Others)

MBA in International Business

MBA in Marketing

MBA in Supply Chain

Cost of studying for MBA in Singapore (Tuition + Living Cost + Singapore Study Visa)

This section will brief you on the average cost of studying MBA in Singapore and the cost of living in Singapore for international students. The average first-year cost of studying MBA in Singapore is INR 30 Lakhs. The average cost of living in Singapore is around INR 4 Lakhs per year. Candidates should that the living cost is entirely subjective to the lifestyle and accommodation opted by the candidate. 

Student Visa Cost for Singapore

Once the candidate has received his admission letter from the university or college he is required to apply for a student pass to enter Singapore or a Singapore Study Visa. Students looking to apply for a Singapore Study Visa must submit their visa applications through the Student’s Pass On-Line Application & Registration (SOLAR) system on the Immigration and the CheckPoint Authority (ICA) - Singapore portal. Applicants wishing to apply for a Singapore Study Visa are required to pay a processing fee of $30 Singapore Dollars or INR 1,671 for every application submitted to the ICA. (1SGD - 55.75INR)

Students are also required to pay an issuance fee of $60 or INR 3,343 on every student pass issued and a further S$30 multiple-entry visa fee. The entire process can usually take anywhere between 3 to 4 weeks for documents to be processed and for the Singapore student visa to be issued, hence candidates should apply early to avoid any unnecessary delays. Candidates looking for assistance with applying to Universities in Singapore can also get in touch with our Shiksha Study Abroad Counsellors on the same. 

MBA requirements for Singapore – Eligibility Criteria

Candidates looking to pursue MBA in Singapore are required to fulfil these primary requirements:

  1. Candidates must have a bachelor’s degree in a related field of study
  2. Most universities require GMAT/GRE scores for admission
  3. For pursuing MBA in Singapore, students must appear in English proficiency tests such as IELTS, TOFEL, and PTE; followed by a personal interview conducted by some universities.
  4. Candidates will also be required to have a minimum of 2-3 years of work experience (subject to the university admission criteria) for applying to MBA programmes across universities in Singapore. 

Work Permit after studying MBA in Singapore

A long-term Visit Pass (LTVP) is awarded to Indian students who have obtained their certificate/degree from a listed Institutes of Higher Learning (IHL). The student must have a valid stay of 10 days left to apply for an LTVP. The student must pay an additional fee of $40 when the valid Visit Pass has been issued for a period of 3 months or more from the date of first entry/issuance of the pass and every subsequent 3 months thereafter. When a student gets a job, the employer will then apply and get a Work Permit for that person. The LTVP in question has a duration of up to two years, depending on the reason you are applying.

MBA Scholarships for Singapore

Scholarships to Study in Singapore: One of the major drawbacks of studying abroad is the high cost of studying combined with exorbitant living expenses on a day to day basis. However, candidates who are unable to cover the entire cost of studying abroad can look to scholarships and education loans to finance their education. While there are a number of merit-based scholarships on offer on the official websites of individual universities for applicants. Candidates can also check out a comprehensive list of scholarships on our website. 

Education Loan for Singapore: Not everyone would qualify for a scholarship. So what do you do then? Candidates can apply for an education loan to make their dreams of studying abroad a reality. Candidates can check out our Education loan finder to understand more about education loans for studying in Singapore

Related Reads

Student Guide to Singapore

Study in Singapore: Timeline for University Intake

What is a Letter of Recommendation (LOR)

SOP for Singapore: Requirements by Top Universities

MBA Jobs & Salaries for Singapore

In this section, we are going to be talking about top MBA universities in Singapore and their first-year tuition fees and the average salary students can expect after pursuing their MBA in Singapore.

College Name

First-Year Tuition Fee

Average Salaries (Source – emolument)

National University of Singapore (NUS)

INR 46.0 lakhs

$106,000

Nanyang Technological University

INR 41.8 Lakhs

$96,000

Singapore Management University

INR 43.8 lakhs

$106,000

Management Development Institute of Singapore

INR 14.0 lakhs

$39,000

Nanyang Business School

INR 43.9 lakhs

$116,000

Top Recruiters for MBA in Singapore

In this section, we are going to be discussing the top employers based in each university who are looking out to offer MBA graduates from Singapore work opportunities upon completion of their MBA programme in the country. 

National University of Singapore (NUS)

Apple | Amazon |Arthur D Little| Deskera | Goldman Sachs | Microsoft | KPMG | Dell | Deloitte | CNG

Nanyang Technological University

Alibaba Group | BMW | LightLab Sweden AB | L'Oreal | Rolls-Royce | Siemens Pte Ltd. | KPMG | Deloitte | EY | Barclays | Lockheed Martin

Singapore Management University

Accenture |Barclays Bank | ABB | ABN Amro Bank | JP Morgan Chase | McKinseyCompany | CITI Bank| KPMG | Microsoft

Management Development Institute of Singapore

Rolls Royce | Shell

ESSEC Business School - Singapore

IBM | Hewlett Packard | Orange | Louis Vuitton

MBA in Singapore FAQs

Q. Is MBA in Singapore worth it?

A. Singapore is one of the major financial centres of Southeast Asia, and its competitive economy makes it one of the most sought-after educational destinations in the world. B-Schools in Singapore offer many MBA courses that include special courses for students with a technical background. Flexible courses will give students time and the opportunity to earn extra money.

Q. What exam scores are required for pursuing MBA in Singapore?

A. For MBA in Singapore, international applicants are required to have GMAT/GRE scores and English proficiency test scores such as IELTS, TOFEL, and PTE; followed by a personal interview conducted by some universities.

Q. What is the cost of studying for an MBA in Singapore?

A. The average first-year cost of studying MBA in Singapore is INR 30 Lakhs. The average cost of living in Singapore is around INR 4 Lakhs per year.

Q. Are there scholarships to study MBA in Singapore?

A. Yes, candidates can check a comprehensive list of a variety of scholarships available on our website. 

Q. What is the course duration of an MBA in Singapore?

A. The duration of Studying for an MBA in Singapore is between 1 to 2 years.

Popular specialisations for MBA in Singapore

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