Singapore has emerged as one of the most developed countries in Asia and is home to ~7,000 global companies. As a country that is comprised primarily of expats (40%), its culture and population is truly diverse and international. As per 2015 Deloitte rankings, Singapore is the 6th largest wealth management centre in the world. It also offers a very sophisticated and high standard of living.
Why Pursue an MBA in Singapore?
Some of the most compelling reasons for pursuing an MBA in Singapore are:
• Because Singapore has the lowest unemployment rating amongst developed countries, expats can easily gain employment after completing an MBA.
• The primary language in Singapore is English, making it easier for everyone to interact and relate.
• Singapore is close to India, making travel time and cost low and affordable.
• Singapore has some of the best and most globallyrenowned Bschools.
• Considered the world’s leading open labour market, if one has defined and clear career goals, it is possible to find success in Singapore.
• Singapore offers a buzzing and exciting city life and a very modern lifestyle.
Prerequisites for Enrolment:
These criteria differ for every program and university:
• An undergraduate/bachelor’s degree from a well-recognized, accredited university is a prerequisite.
• Many programs also require candidates to have professional experience of at least two years.
• Applicants need to submit recommendation letters, a statement of purpose/cover letter, essays and a detailed resume.
• Some Business and Management programs require The Graduate Management Admission Test (GMAT). A good GMAT score is a prerequisite to gain admission to a high-ranking Bschool in Singapore.
Cost and Expenses:
The standard of living is quite high in Singapore, but students do get concessions and on average a student would need SGD 1,5002,000 per month for living expenses. Tuition fees range between SGD 55,00060,000.
What are the English Language Requirements?
A language test is only required if English was not the medium of instruction for an applicant’s undergraduate studies. In such cases, both IELTS and Toefl iBT scores are accepted.
What are the Top B Schools in Singapore?
• National University of Singapore (NUS)
• Nanyang (NTU Singapore)
• Singapore Management University (SMU)
The student visa application process is very easy and can be completed online. The following documents need to be submitted:
• Completed application form along with a resume
• A valid passport and birth certificate
• Transcripts, academic documents and employment certificates (if applicable)
• Financial documents, showcasing funds to cover the academic and living expenses for one year
Candidates enrolled in National Universities and Polytechnic can work 16 hour per week (parttime). However, students enrolled in private universities are not entitled to work. The duration students are permitted to remain in Singapore postMBA to search for jobs can range from a few months up to a period of one year.
What are Prospective Career Opportunities?
• Graduates from high-ranking universities are often recruited by the consulting industry, financial services, and service and IT companies.
• PostMBA, a high percentage of students are recruited by McKinsey, Bain and BCG.
• After completing an MBA from NUS in specializations such as Finance, Strategy and Healthcare Management, students can opt to participate in exchange programs with top universities in Asia and Europe.
The Duration of the Course:
Most MBA programs are 12 months in length. However, the NUS MBA ranges from 12 17 months.
What are the Deadlines?
NUS and NTU offer fall intake and the application deadline is between OctoberJanuary. SMU offers spring intake and the application deadline is from JulyAugust .