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Cost of Studying MBA in Singapore 2024: Cheapest Universities Fees
Edited By Prabhjyot Kaur | Updated on Jul 29, 2024 04:44 PM IST
Singapore is among the underrated countries that provide the best MBA courses for international students. However, MBA in Singapore are now popular among Indian students. One should know about the MBA Singapore fees before initiating an application process to understand their financial capabilities. However, one must note that the exact MBA course fees in Singapore differ from one university to another as well as from one state to another.
This Story also Contains
- Top MBA Universities in Singapore 2024
- Academic Requirements for MBA in Singapore for Indian Students
- Top MBA Specialisations in Singapore
- Cheapest MBA in Singapore for Indian Students
- Top Scholarships for Studying MBA in Singapore
- Cost of Living in Singapore for International Students
- Why Study MBA in Singapore?
Hence, one must select the university offering an MBA in Singapore for Indian students before worrying about the course costs. A few of the top universities in Singapore for MBAs include the National University of Singapore, Nanyang NTU Singapore, and others. The average MBA course fee in Singapore for 2025 costs around SGD 30,000 to SGD 50,000 per academic year for international students.
Certain things to consider while budgeting financial MBA in Singapore for Indian students include certain influential factors. These include living expenses, accommodation expenses, MBA fees in Singapore, leisure, and more. There are n number of scholarships in Singapore to cover the MBA Singapore fees as well.
Read the article below to learn more about the MBA course fees in Singapore, top universities, rankings, eligibility, job prospects, and everything else.
Top MBA Universities in Singapore 2024
There are 4 top institutions located in Singapore that are ranked highly as per QS Rankings under the category of ‘Best MBA’. Here, we have listed these top MBA universities in Singapore with fee structures
MBA Universities Fees for Indian Students
University Name | QS WUR 2024 (MBA) | Average MBA Tuition Fees |
National University of Singapore (NUS) | 24 | SGD 94,830 |
Nanyang NTU Singapore | 34 | SGD 81,750 |
SMU (Lee Kong Chian) | 43 | SGD 76,300 |
S P JAIN School Of Global Management | 251+ | SGD 42,100 |
Academic Requirements for MBA in Singapore for Indian Students
International students must comply with the MBA entry requirements to secure admission at any of the top MBA colleges in Singapore. These eligibility criteria for the MBA course in Singapore may vary as per the selected institution and the course chosen by students.
Eligibility To Secure Singapore MBA Course Admission
Academic Requirement | Details |
A 3-4 years Bachelors | Students must have completed a bachelor's degree in the relevant field of study as well as the required GPAs. |
English proficiency | Students must demonstrate their English command via one of the acceptable English tests such as IELTS, TOEFL, DET, CAE, PTE, etc are acceptable. |
Standardised test Result | Students are generally required to submit GRE or GMAT scores. Some of the MBA colleges in Singapore may waive this standardised test requirement when the candidate has a certain professional work experience. |
Work Experience | Students must have a relevant professional work experience of around 2 to 5 years. However, the exact required work experience may vary as per the MBA university in Singapore. |
Supporting Documents | There may be a requirement to submit academic transcripts, essays, LORs, motivational letters, SOPs, resumes, and other documents to support their applications for MBA courses in Singapore. |
Interview Screening | There may be a requirement for international students to appear for an interview screening and pass the test to be eligible for an MBA in Singapore. |
Top MBA Specialisations in Singapore
One of the major decisions for international students is to select the type of specialisation they want to pursue along with the core MBA in Singapore. This course specialisation is equally important for MBA course fees in Singapore as it reflects the future career prospects of the students. There are a lot of MBA programmes offered in Singapore that are also globally ranked at the top place.
A few of the top specialisations for an MBA in Singapore for Indian students include the following:
Marketing
Operational Management
Human Resource Management
Financial Management
International Business
Accountancy
International Relationships
Strategic Management
Supply Chain Management
Cheapest MBA in Singapore for Indian Students
As studying abroad always requires a strong financial background, international students try to explore the universities with the cheapest MBA in Singapore. This step is generally one of the major aspects of budgeting as students consider Singapore MBA fees before starting the application process.
Moreover, thousands of students abandon their MBA in Singapore dream due to lack of financial support. Hence, we have listed a few of the universities in Singapore offering the best as well as the cheapest MBA in Singapore for Indian students.
London School of Business and Finance (LSBF)
PSB Academy
INSEAD Singapore
Hence, the total estimated cost of MBA in Singapore for Indian students reduces on securing admission to one of these cheap universities in Singapore. Also, some of these MBA universities are ranked as the best in Singapore as per QS Rankings of 2025.
Top Scholarships for Studying MBA in Singapore
A scholarship helps international students by providing them with financial assistance as well as providing them with opportunities to showcase their academic excellence. It helps empower them to pursue their career dreams through accessible education. There are two ways of getting a scholarship: either by external sources or through university defined portals.
A few of the MBA scholarships in Singapore for international students are tabulated below:
Popular MBA Scholarships for Singapore
Scholarships | Estimated Awards in SGD |
NUS MBA Study Awards | Full scholarship on MBA tuition fee in Singapore |
Global Study Awards | 13,000 to 14,000 |
Nanyang Scholarship | 8,000 to 9,000 |
Go Clean Scholarship | 4,000 to 5,000 |
Cost of Living in Singapore for International Students
One must know about the living expenses of pursuing MBA in Singapore for Indian students. This helps them to maintain financial stability during their intended stay in Singapore. As per the high living standards of the country, Singapore is among the most expensive countries in Asia.
One must plan their finances in a way that includes the costs for the MBA course in Singapore, accommodation, food, travel, books, utilities, leisure, and others. Majorly, the living costs for a Singapore MBA vary depending upon the student’s lifestyle and individual choices. An estimated MBA Singapore cost of living is mentioned below for Indian students.
Living Expenses in Singapore
Expense | Estimated monthly Expenses (SGD) |
Rent for a Room | 2,800 |
Food | 300 |
Transport | 120 to 250 |
Utilities | 100 |
Books and Stationary | 200 |
Personal Expenses | 300 |
Groceries | 25 |
Why Study MBA in Singapore?
There are many compelling reasons to consider an MBA in Singapore. Students can enjoy advantages comparable to those offered in other sought-after countries like the USA, UK, and Australia. The top reasons to study in Singapore include the following:
Top MBA Universities in Singapore: Singapore is home to some of the best MBA universities globally, renowned for their outstanding academic standards and research initiatives. These universities are also recognized for providing affordable MBA programs in Singapore for Indian students.
Range of MBA Specialisations: There are a variety of MBA degrees in Singapore offered to international students. This allows them to select from various specialisations such as Human Resource Management, Financial Management, Accountancy, and International Relationships.
MBA Work Permit Opportunities: International students hold an opportunity to establish a career in Singapore by working once they graduate with an MBA in Singapore. For that, they can easily apply for a Singapore work visa after their studies. This allows them to work freely in Singapore for around 3 years.
Competitive Salaries after Singapore education: On completing their MBA courses in Singapore, students can earn a quite good salary package. They can earn around SGD 55,000+ on average. Hence, investment in the cost of MBA in Singapore is quite generous for the impressive ROI.
Frequently Asked Questions (FAQs)
1. Is Singapore a good option for MBA?
Yes, New Zealand is one of the best countries to do an MBA abroad. New Zealand offers international students with various benefits such as affordability in terms of cost of living and tuition fees along with a great learning experience and research facilities.
2. Is it expensive to study in Singapore?
Yes, it is a little expensive to study in Singapore. This nation is among the most expensive countries in Asia. One must budget keeping in mind the cost of studying as well as the living expenses.
3. How many years is an MBA in Singapore?
Generally, an MBA in New Zealand is offered for 2 years. However, the total course curriculum can be completed in less than 2 years as well which solely depends on the university selected by students.
4. Is GMAT required for MBA in Singapore?
Yes, the GMAT is required for an MBA in Singapore. It is one of the most important academic requirements for international students seeking admission into one of the top MBA universities in Singapore.
Articles
Nov 21, 2024
Questions related to
Get answers from students and experts
Hello,
Hope you are doing great.
To answer your question To gain admission to the Computer Engineering program at the National University of Singapore (NUS), it is crucial to comprehend the admission criteria
JEE Mains Percentile:
The anticipated JEE Main Cutoff for 2024 across different categories is as follows:
General: 89+ percentile
EWS: 78+ percentile
OBC: 74+ percentile
SC: 44+ percentile
PwD: 0.11+ percentile¹.
A commendable percentile in JEE Mains 2024 falls within the range of 90-95 percentile³.
However, it is important to note that meeting the previous year's cutoff does not guarantee admission for the current year.
Hope this helps!!
satyamercedes0626 06 February,2024
Dear Aspirant,
Singapore is one of the best country across the world for Business and Finance Studies. Some of the best institutions for Masters of Business Adminstration (MBA) are as follows-
1. INSEAD
2. NUS (National University of Singapore)
3. Lee Kinf Chian School of Business
4. Manchester Business School
5. Nanyang Business School
6. ESSEC Global MBA
7. The Strathclyde MBA
You can visit the respective websites for details .
Hope this helps you !
Karman saini 23 January,2022
Hello,
Yes you can! As long as your medical certification is from a recognised institution by the Singapore Medical Council, yo can apply to be allowed to practice in Singapore. Of course there will be a set of admin stuff you will have to complete before being allowed to practice here.
For practicing in in Singapore as a medical practitioner you must secure a job with hospitals, register with Singapore medical council and finally get accredited with Specialists Accreditation Board (SAB) registration if you are practising as a specialist.
Alternatively, if there is a hospital/Medical institution willing to hire you, they can complete the procedutes on your behalf which will be much more convinient for you.
Hope this helps!!!
darshita 25 October,2021
Dear Aspirant,
There are many colleges that accept students without the said exams but make sure you have your transcripts ready- LORs, projects/internships/Volunteering certificates, Statement of Purpose, Essays, Extra-curricular activities. These things are a must when trying to apply for colleges abroad.
Colleges in the US:
https://yocket.in/blog/universities-that-dont-require-sat-act-3527
There are 08 top Australian Universities which follow the above given criteria in order to exempt international students from submitting IELTS scores for admission. They are as follows:
- UNSW
- University of Adelaide
- University of Queensland
- University of Southern Queensland
- Macquarie University
- University of South Australia
- Swinburne University of Technology
- Bond University
Most of the colleges in Australia require an IELTS test score but have been waived off only on a case by case basic which is entirely judged. Many a times they have also waived it off if the students have completed their education in english medium.
Colleges in Singapore:
- Nanyang Technological College
- National college of Singapore
- Singapore Management University
Singapore also has numerous centres of internationally acknowledged universities like Duke University, University of Chicago, Booth Graduate School of Business, University of Nevada Las Vegas, and SP Jain Centre of Management.
Colleges in Canada:
- University of Saskatchewan
- Brock University
- Carleton University
- University of Winnipeg
- University of Regina
- Memorial University
- Concordia University
Hope this helps!
Ananya Krishnan 17 August,2021
Hello,
Designing is an upcoming and demanding field and is gaining recognition faster than ever. Studying abroad does seem desirable but it is not entirely different from studying in your own country. Several Indian institutes ,not just NID offer amazing designing programs. Many Institutes in India have tie-ups with international universities and study abroad programs which will give you the exposure required for an undergraduate degree.
Studying abroad for an UG degree also requires a lot of capital ,so instead of spending that money for UG , you can save up for PG/higher studies abroad which will be of much more use. As long as you choose study and work hard, choose a good college with experiential learning then from where you study NID or NAFA or Lasalle or UAL it doesn't matter.
Ananya Krishnan 15 August,2021
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