Singapore ranks 8th in the INSEAD Global Innovation Index, is a major hub for Banking and Finance and a World trading port. Its strategic location, business-friendly policies and an international/global outlook made it a natural hub for trade and commerce in Asia. Attracting the biggest names in the industry, the country was supplying the very best to the biggest names across the globe. What has added an impetus to the growth of the country is its education system and high level of academia. Research is an integral part of the education system in Singapore, which has further added to the push and brought Singapore on the world stage of Education. The many reasons why Singapore are summarized below.
- World Class Education
As of now, Singapore has 6 public universities. Two of those universities, National University of Singapore (NUS) and Nanyang Technological University (NTU) are ranked amongst the top 50 of the world. Another popular university – Singapore Management University, is also amongst the top-rated institutes and enjoys a global recognition amongst international students.
Many private institutions also enjoy extensive popularity. Amongst the top names if the global management school – INSEAD which has a campus in Singapore and attracts international students from across the world. In fact, in the past decade, the rising education sector of the country and its location advantage has convinced many foreign universities to set up their campuses in the country. Few of the well-known names include the Chicago Business School and Technische Universität München.
Singapore is perhaps the closest study abroad destination for Indian Students. A mere 5-hour air travel separates India from Singapore. Also, its unique location has made it a hub of activity and attracts large crowds of Asian students as well as students from Australia and even the Americas.
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- Extensive Industrial Interface
Singapore is a consumer-driven economy and is buzzing with activity. The biggest sectors of telecom, banking, and logistics have ensured the presence of the biggest names in the world in the island country. Driven by innovation and research, the companies reach out to the universities often and conduct many internships. Not only that, most of the courses offered by the universities in Singapore have strong industrial tie-ups, creating a strong foundation for practical learning and effective industrial interface.
- Economical than other Study Abroad Destinations
Singapore, though a costly city in its own right, still offers more economical options of higher education abroad. Leaving aside the proximity to India and reduced travel costs, both the tuition fees and the cost of living in Singapore is cheaper than studying in USA, UK or Australia.
While the tuition fees are not drastically less, the considerable difference in the conversion value makes it a rather affordable study abroad destination for Indian Students.
Adding to its affordability are the grants that the international students can apply for. Much like the domestic students, the international students are also eligible to apply to the Singaporean Ministry of Education for a tuition grant, after having been offered a place on a course. If availed, the grant would cover most of the tuition fees, making it even more affordable.
- Easy work options – both while studying and after
Singapore’s immigration laws permit its students to work for up to 16 hours a week during school days and full time during holidays. This, however, might depend on the university/ course you are enrolled in.
After completing your graduation, if you received a job offer in Singapore, securing a work permit is not difficult. In case you are not able to get a job offer before you complete your studies, you still have an option of getting a long-term social visit pass which would give you 12 months of stay in Singapore during which you can look for meaningful employment.
To summarize, Singapore offers you the best of the world at a lesser price – which translates into a higher value for money. The universities are recognized around the world, have international tie-ups and based on innovative pedagogy. Moving ahead, it also offers you excellent career options, an urban lifestyle and a platform to the entire world. There are hence no reasons for not wanting to study in Singapore. So while you are at it, explore the universities in Singapore, the many options and start applying.
Happy hunting and all the best!
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