Singapore is a modern city-state and island country in Southeast Asia. During the World War II, Singapore was occupied by the Japanese and became independent from the United Kingdom in 1963, it then united with other former British territories to form Malaysia, from which it was expelled two years later through a unanimous act of parliament. Singapore is now one of the world's major commercial hubs, with the fourth-biggest financial centre and one of the five busiest ports and is now recognized as one the Four Asian Tigers.
Also known as the ‘Garden City’, Singapore is full of gardens and trees and is known for its cleanliness with strict laws enforcing cleanliness and hygiene. Over 80,000 international students from almost 120 countries visit Singapore for their studies thus creating a unique multicultural experience. Singapore has been ranked as one of the Best Student Cities due to its safe environment, affordability and the superiority of education. A diverse and young country, Singapore has many religions, languages and cultures. Singapore is host to top MBA colleges in singapore like NUS and Nanyang which features on top the university league tables and has been consistently on top. Not only do the MBA colleges in Singapore offer quality education but it opens doors to a global arena of opportunities.
Prior to applying to a Singapore B school, candidates must check all the pre-requisites.
This MBAUniverse.com article gives you a complete overview of top MBA colleges in Singapore.
Top MBA Colleges in Singapore
National University of Singapore (NUS)
Globally ranked 31, NUS offers the best of global knowledge with Asian insights focusing on bringing Asian business to the forefront of world economy and prepares students for the same and help global businesses succeed in Asia. NUS boast of a highly diverse student body of over 37,000 students from a wide variety of backgrounds on campus and a global network of over 177,000 alumni. NUS is considered to be the top MBA college in Singapore.
Nanyang Technological University-Nanyang Business School (NTU)
Ranked 40th, Nanyang Business School is the business school of the Nanyang Technological University. Young and research-intensive, Nanyang Technological University (NTU Singapore) is the fastest-rising university in the world’s Top 50 and is also placed 1st amongst the world’s best young universities.
Singapore Management University- Lee Kong Chian School of Business (SMU)
The Lee Kong Chian School of Business of the Singapore Management University is one of the top MBA colleges in Singapore and a well known Asian business school with over a hundred full-time faculty and more than two thousand five hundred students and is ranked amongst the top schools for its Finance and Accounting programs.
INSEAD is one of the world’s leading and largest graduate business schools. . In 2000, INSEAD opened its Asia campus in Singapore. The INSEAD MBA is renowned for its diverse classes and training students to work in a diverse environment. A wide variety of teaching styles and techniques is used to deliver world class education to the participants. INSEAD Singapore is one competitive and top MBA college in Singapore.
Funding your MBA
Almost all MBA colleges in Singapore such as NUS, NTU and SMU offer scholarships for their MBA programs. Scholarships are offered on the basis of merit. Deserving all rounded candidates are awarded scholarships on admission.
Students can also take private loans from banks in their home country. Students should check with the Universities for locally based loan options.
Opportunities after MBA from Singapore
Current trends show that Singapore is becoming a major MBA destination. Singapore is the most important business hub in Asia with over 7000 MNCs having their head offices in Singapore. Singapore has been consistently ranked as one of the most competitive business destinations in the world. With the presence of so many global firms based in Singapore, MBA graduates specially from the top MBA colleges in Singapore can explore a lot of opportunities to enhance their career. Students can choose to return to their own country after a good education and a new perspective on mutli-culture, languages etc and these are seen as quality skills by prospective employers. With stiff competition from growing economies around the country, the government of Singapore thrives its best to ensure to keep the unemployment rate low and job scenario in Singapore seems unaffected by the economic recession.
MBA graduates can find plethora of opportunities in especially in the sectors of Finance, Consultancy, General Management, Healthcare & Hospitality Management and Business Analytics.
How to choose the right MBA program
-Important parameters while choosing a MBA college in Singapore
The most important factor while planning to study in Singapore or any other country is to check whether the program is accredited. If the MBA colleges in Singapore are not properly accredited then your degree might not be recognized by organizations around the world or even in your own country and potential employers.
The major accreditation for MBA programs in Singapore are:
Association to Advance Collegiate Schools of Business (AACSB)
Association of MBAs (AMBA)
European Quality Improvement System (EQUIS)
One should select schools wherein you can find your own area of specialization-applicants should do a proper research on the curriculum and make sure your intended area of major is available.
C. Admission Statistics
Prior to applying, students should try and research on the previous admission statistics of the MBA colleges in Singapore. Top MBA colleges in Singapore are very competitive and a good homework will aid you in the admission process.
D. Career Outcomes
Students must gather a good amount of information about the post MBA career opportunities. Applicants must communicate with the University regarding the placement employment information. Top MBA colleges in Singapore provide excellent career services to the MBA graduates.
E. Admission Deadlines
MBA colleges in Singapore generally offers a July-August intake and some colleges like Singapore Management University offers a January intake. Students must thoroughly check with the admission deadlines and prepare for the application process accordingly.
Education system in Singapore
The Singapore education system is divided into a lot of categories according to the outcome of the program
Undergraduate – Bachelors Degree
Graduate – Masters/ MBA and PhD
Singapore is an intriguing blend of Western modernity and Asian culture. For first-timers, it’s an excellent way to get introduced to living in Asia. Singapore offers the sights of gleaming skyscrapers, Chinese shophouses, Malay mosques, Hindu temples, and endless chains of airconditioned shopping malls. Singapore the ‘Garden City’ is safe, clean, and green. The 2012 Quality of Living Survey by Mercer Human Resource Consulting revealed that Singapore ranked #1 in Asia for offering the best quality of life. Singapore also emerged as the ‘Happiest country in Asia’ in a study reported by ABC News.
The official language in Singapore is English, although Mandarin, Malay and Tamil are widely spoken. Some important points to remember before moving to Singapore are:
Respect for all
Singaporeans are honest, highly disciplined and extremely hard-working. There is respect for seniority, authority and social norms. Singapore’s society is cosmopolitan due to the influx of foreigners in recent times. Along with it comes openness towards people and respect for all. People are amiable and courteous to each other. Racism is taken seriously in the country – there is a strong racial and religious harmony in Singapore. Singapore’s lifestyle is multicultural with ethnic communities Chinese, Malays and Indians maintaining their unique lifestyle and living harmoniously.
In Singapore, family is the most important unit and despite materialistic goals, the family and community always take precedence. This is turn helps build a content and happy society. Family is a basic unit in the Singaporean Society.
Health and Sanitation
One of the cleanliest cities, Singapore is renowned for its highest levels of health care infrastructures, health-care industry, doctors and specialists, and nutrition. Singapore promotes a clean and green environment. There are strict laws against littering. Cleanliness and hygiene are imbibed in its system, with fines for even failing to flush a toilet after use. It encourages a healthy lifestyle and diet and people are engaged in a lot of physical activities.
Dining and shopping are the two most popular activities in Singapore. Singapore is one of the greatest street food cities in the world. There is a strong food culture which can be seen in Singapore and there is no better place for foodies than this vibrant place. Movies, art festivals, music concerts are other options for people living in Singapore. Singapore also has a vibrant night life.
Number of options are available when it comes to accommodation or where will you be living while studying in the Singapore. Top MBA colleges in Singapore will either provide accommodation or all necessary help to the student to find a suitable accommodation. While studying in Singapore, you can opt for following accommodation options:
|Type of Accommodation
||Estimated Cost for Accommodation per Month
|University’s Halls of Residence
||S$ 155 - S$800 approximately
||S$ 6,000 - S$15,000 approximately per academic year
|Room in Public Housing
||S$300 - S$600 approximately
|Whole Unit in Public Housing
||S$1000 - S$2000 approximately
|Room in Private Housing
||S$800 - S$1,200 approximately
|Whole Unit in Private Housing
S$1,000 and more approximately
Accommodation cost may vary as per location and university. Moreover, due to recent foreign influx, housing rates have gone high.
Cost of Living
Cost of living in Singapore is quite reasonable especially from an MBA point of view-salaries are quiet high for an MBA graduate and income tax rates are low in Singapore. The economy is growing and prosperous and standard of living is high amongst the people. Average cost of living in Singapore ranges from SGD$750-SGD$2000 approximately per month. Your cost of living while studying abroad in Singapore will include your expenses on accommodation, food, groceries, books and travel.