Master of Business Administration or MBA is a sought-after professional degree course that helps students explore promising and global career opportunities in various industries. If you are looking for a popular study abroad destination to pursue an MBA degree, Singapore is an excellent option. World-class education, freedom to choose from scores of MBA courses, and high employability rates are some factors that make Singapore a popular academic destination. So, if you want to know about popular universities offering MBA programs in Singapore, their eligibility criteria, and other exciting information, this guide will help you.

Key Highlights

• MBA from Singapore: An overview
• Best MBA colleges in Singapore
• MBA in Singapore for Indian students: Eligibility criteria
• MBA in Singapore cost
• INSEAD Singapore MBA fees

MBA from Singapore: An overview

In Singapore, MBA is a 1.5-2 year program that offers management education that develops a global outlook. The Singapore universities invite applications from MBA aspirants in three months: September, October, and January. The universities offer MBA specialisation in a variety of domains such as Finance, Marketing, International Business, Sustainability and Entrepreneurship, and Strategy and Operations, to name a few.

Universities offer MBA programs such as full-time, executive, and part-time MBA. The full-time MBA is a 2-year rigorous program. Executive MBA is a 10-12 months program specifically designed for working professionals possessing some years of work experience. Part-time MBA program allows students to attend classes on weekends or evenings while continuing their full-time jobs.

Best MBA colleges in Singapore                           

The National University of Singapore (NUS) and Nanyang Technology University (NTU Singapore) are the two most popular MBA colleges, which are 11th and 19th best varsities as per Quacquarelli Symonds (QS) World University Rankings 2023, respectively. NUS and NTU rank 19th and 36th according to Times Higher Education (THE) World University Rankings 2023. Some other popular universities in Singapore offering MBA are as follows:

• INSEAD (Asia Campus)
• Singapore Management University
• James Cook University
• SP Jain School of Global Management
• ESSEC Business School
• London School of Business & Finance (LSBF)

MBA in Singapore for Indian Students: Eligibility criteria

Indian aspirants need to fulfil certain requirements to study MBA program in Singapore. The eligibility criteria may vary from one university to another, but general requirements as follows:

• A bachelor’s degree in any field from a recognised university
• Academic transcripts (higher secondary certificate, bachelor’s degree and diploma certificate)
• International English Language Testing System (IELTS) or Test of English as a Foreign Language (TOEFL) score
• Scores of Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT)
• Work experience will help you secure a spot, but it is not mandatory. It is advised to check the university-specific requirements. 
• Singapore Student Pass

Some additional documents necessary to submit along with the application form are as follows:

• A valid passport
• Application fee receipt
• Proof of funds
• Statement of Purpose
• Letter of Recommendation
• Resume
• Passport size photographs

Kindly note GMAT is not mandatory to pursue an MBA from Singapore. Universities like James Cook University and East Asia Institute of Management (EASB) do not require the GMAT. Instead, these colleges assess aspirants’ applications based on their work experience or academic scores.

MBA in Singapore cost

The average annual tuition fee for pursuing an MBA program in popular Singapore universities is SGD 30,000 to SGD 90,000 (~INR 18 lakhs to INR 55 lakhs). The fees may vary from one university to another. Hence, check the university’s official website to get accurate information.   

Apart from tuition fees, you need to consider the cost of living while studying in Singapore. The cost of living depends upon various factors such as accommodation, travel and food, and other expenses. Therefore, the average monthly cost of living in Singapore is around SGD 1,250 to SGD 2,800 (~INR 76,000 to 1,72,000).

INSEAD Singapore MBA fees

INSEAD Singapore is one of the best business schools in the world. INSEAD offers multiple MBA specialisations that can open global job opportunities. The average tuition fee for pursuing MBA is around €97,000 (∼INR 87,34,000) and €98,500 (∼INR 88,69,000) for academic intakes of August 2023 and July 2024, respectively. The university offers a Global Executive MBA (GEMBA) program that lasts for 14-17 months, and the average tuition fee is approximately SGD 2,05,000 (∼INR 1,26,19,000).

So, if you are planning to pursue an MBA degree program from Singapore but facing financial constraints, feel free to opt for a student loan for education. At Avanse Financial Services, we offer customised education loans with benefits like 100% finance and quick sanctions. Contact us today to know in detail about our education loan for study abroad courses.