4 August 2023
Singapore is one of the eminent hubs for business education in the world. The nation houses many top-class MBA colleges offering different programs.
Apart from a world-class education, Singapore ensures affordable study costs for students.
In this blog, we’ll guide you through the best MBA colleges in Singapore along with their specifications.
INSEAD:
INSEAD is another top MBA college in Singapore, and it’s ranked second on the list. It’s not just known in Singapore but all around the world. They offer a global educational experience, which means you get to learn from different parts of the world.
INSEAD runs campuses in Asia, the Middle East, North America, and Europe. Plus, they have partnered with other recognized institutions around the world, making them one of the sought-after colleges for doing an MBA in Singapore.
The location of INSEAD is at Ayer Rajah Avenue, and it’s a private university. They have different programs like Full-time MBA and Global Executive MBA. The fees for studying there are around $91,225 or 70, 00,000 INR per year.
James Cook University:
James Cook University is a prestigious Australian University which has one of its campuses located in Singapore.
Best part? You can study in Singapore as well as their Australia campus from their Singapore branch and pay your fees in Singapore currency.
It’s a one of its kind program like this in Asia, thanks to the presence of universities in both nations.
And you get to decide whether you want to study full-time or part-time for your MBA here.
The location of the university in Singapore is at Sims Dr, and it’s a private institution. They offer different programs like Full-time MBA, Part-time MBA, and even a Dual Degree option. The average fees per year are about $37,752 or 30, 00,000 INR.
Nanyang Business School:
Counted among one of the best MBA colleges in Singapore, Nanyang Business School is lauded for promoting creative and smart thinking among students. They focus on teamwork, projects, real-life business situations, and other hands-on activities.
No wonder why many top companies prefer graduates from this school.
The school is located at Nanyang Ave and is a public university. They offer different MBA programs like Full-time MBA, Professional MBA, and Executive MBA. The yearly fees are around $65,000 or 50,00,000 INR.
Singapore Management University (SMU):
Next on the list is Singapore Management University (SMU). It’s also one of the top universities for MBA in Singapore, famous worldwide for its research and teaching. They aim to create leaders who can succeed in the global economy.
SMU is situated at St. Victoria Street and is a private university. They have Full-time MBA, Part-Time MBA, and Executive MBA programs. The average yearly fees are about $67,410 or 55,00,000 INR.
NUS Business School–The National University of Singapore:
The National University of Singapore operates NUS Business School which is counted as one of the best MBA colleges in Singapore
The school offers different programs like BBA, MBA, Executive MBA, MSc, and Ph.D. There are also special courses for executives. The MBA curriculum covers all the important topics you need to know for today’s business world.
The school is located in Queenstown and is a public university. The fees for the MBA program are around $76,000 or 60, 00,000 INR per year.
Admission Requirements for MBA Colleges in Singapore
If you’re interested in studying at any MBA college in Singapore, you’ll need to meet certain requirements. Here’s what you’ll typically need:
- Bachelor’s Degree: You must have a recognized bachelor’s degree from a reputable institution. The required GPA (Grade Point Average) may vary across different MBA colleges in Singapore, so it’s essential to check the specific requirements of each school.
- GMAT/GRE Scores: You’ll need to achieve a satisfactory score in either the GMAT or GRE. For the top MBA colleges in Singapore, the GMAT scores usually range from 600 to 650.
- English Language Proficiency: As the courses are taught in English, you’ll need to demonstrate your English language proficiency. For this, you need to achieve a minimum TOEFL score of 500 (paper test) or 80 (online test). Or you can opt for the IELTS (academic module) and achieve a band score of 6.5, with no subtest score lower than 5.5.
- Work Experience: The candidate is also required to have at least two years of postgraduate full-time work experience. This is because they value the practical knowledge and skills gained from real-world work settings.
- Valid Passport and Student Visa: If you’re an international student, you’ll need a valid passport to travel to Singapore. Additionally, you’ll have to obtain a student visa to study in the country.
It’s essential to carefully review the admission requirements of the specific MBA colleges you’re interested in, as each institution may have slight variations in its criteria. Meeting these requirements will ensure you are eligible for admission and have a great chance of getting into one of the best MBA colleges in Singapore!
Understanding the Cost of Studying MBA in Singapore
Studying for an MBA in Singapore comes with some costs, and let’s break it down for you. The average first-year tuition fees for an MBA in Singapore are around INR 30 Lakhs. On top of that, you’ll need to consider the cost of living, which is about INR 4 Lakhs per year. Keep in mind that the living expenses can vary based on your lifestyle and the type of accommodation you choose.
Now, let’s talk about the student visa. Once you get accepted into a university or MBA college in Singapore, you’ll need a student visa, also known as a Singapore Study Visa. To apply for this visa, you’ll need to use the Student’s Pass On-Line Application & Registration (SOLAR) system on the Immigration and CheckPoint Authority (ICA) – Singapore portal.
There are some fees associated with the visa application. The processing fee for each application is $30 Singapore Dollars, which is about INR 1,671. You’ll also need to pay an issuance fee of $60 or around INR 3,343 for every student pass issued, along with a further S$30 multiple-entry visa fee.
Remember, it’s essential to start the visa application process early, as it can take around 3 to 4 weeks for everything to be processed and for your Singapore student visa to be issued.
If you need any help with applying to any MBA colleges in Singapore, you can reach out to Landmark Immigration study abroad counselors for assistance. They’ll be happy to guide you through the process.
So, keep these costs in mind when planning to study for an MBA in Singapore, and make sure to prepare yourself well to have a smooth experience!
Hope this information helps you apply to any MBA colleges in Singapore. Best of luck!
