MBA scholarships for international students in Singapore
MBA scholarships in Singapore: The emergence of study abroad destinations like Singapore has in effect thrown open a lot of opportunities for students who can now choose a destination not as a default option, but because it suits their goals and financial capabilities, and shares their culture. Earlier it was either Europe or North America, which shared the bulk of the top universities in the world. But today you can choose to study MBA in Singapore because it is geographically close to your native country or it is culturally close to yours, and yet don’t have to compromise on the quality of education. Talking of Singapore, it is almost considered at par with all the major management destinations. The icing on the cake is MBA scholarships in Singapore for foreign students which are offered by almost all the top management universities, giving you one more reason to study MBA in Singapore!
MBA scholarships in Singapore for foreign students:
To attract top talents from across the world, especially students who are held back by financial constraints, there are a number of MBA scholarships in Singapore that are offered by the top universities in Singapore. Read on.
National University of Singapore (NUS)
1. NGS Scholarship (NGSS)
This scholarship is offered by NUS, the top-ranked university in Singapore as per QS World University Rankings 2016. The scholarships are offered to high achieving students with an aptitude for innovation and high-end research. Both national and international students can apply for this MBA scholarship in Singapore for foreign students.
To be considered for the NGS Scholarship, the applicant needs:
To be a graduate with a passion for cross-disciplinary research in the field of science, engineering, computing, and related aspects of medicine.
To be a graduate with minimum second Upper Honours or an equivalent qualification.
GRE scores except for those applicants from NUS or NTU. GATE is NOT accepted.
TOEFL is compulsory for students whose native language isn’t English
Monthly stipend, up to 4 years of the PhD studies, OR up to date of graduation, whichever is earlier, of
S$3,500 for Singapore Citizens, plus Central Provident Fund (CPF) contributions at a rate pegged to the prevailing employer's contribution rate set by CPF
S$3,200 for Singapore Permanent Residents
S$3,000 for International students
Full tuition fee subsidy for 4 years.
Other allowances include: computer, book and conference allowance.
Deadline: Applications usually open in the first week of September and close by mid-January the next year.
Nanyang Technological University (NTU)
There are a number of MBA scholarships in Singapore for foreign students that are offered by Nanyang Technological University to help financially handicapped students undertake full-time MBA study at the university. These scholarships are offered to talented students pursuing full-time MBA study at NTU.
Here we discuss a couple of these scholarships.
1. Nanyang Early Submission Scholarship:
This is a merit-based scholarship available for students who have a clear vision why they want to study MBA. Applicants need to have enviable academic track record to stand any chance of being considered for this award.
2. Nanyang Women in Business Scholarship
This award seeks to encourage the participation of women in the business community. It is a partial scholarship which is awarded to talented and high-achieving women with the ability to make positive contribution to the university and society at large.
3. ADB-Japan Scholarship Program
Among the popular MBA scholarships in Singapore for foreign students, this scholarship program helps students from the ADB developing member countries (borrowing members) to pursue Nanyang Waseda Double MBA program at NTU.
In addition to the eligibility criteria specific to each of the above scholarships, students must fulfill some common eligibility criteria:
Common eligibility criteria
Even though merit of the candidate remains the primary criteria, the financial condition of a candidate is given due considering while evaluating applications
The applicant mustn’t be holding any employment or accept paid employment, or be the recipient of any other financial aid concurrently.
Value: The scholarship sponsors tuition fees for up to 3 trimesters (â 12 months).
There are a number of MBA scholarships for foreign students in Singapore that are offered by INSEAD Singapore. Most of these scholarships, which are much sought after, are only available to students who pursue full-time MBA study at the university.
These MBA scholarships in Singapore for foreign students can be clubbed under two categories:
Need-based: available for students with genuine financial needs
Non-need based: these scholarships are granted based on parameters like merit, nationality, gender, professional background, leadership abilities, field of previous studies etc.
Here are some of the popular MBA scholarships in Singapore for foreign students offered by INSEAD Singapore:
1. INSEAD Antonio Borges Endowed Scholarship
This scholarship is available to students of all nationality who are admitted to INSEAD or or are in the interview process.
Candidates must showcase outstanding academic achievements and promise
Background, work experience and personal profile of the candidate should contribute towards the diversity of the MBA programme
Applicants of all nationalities irrespective of race, sex, gender and religion are eligible
Candidates admitted to the MBA programme or who are in the interview stage can apply for the scholarship
Value: 10,000 euros
Deadline: Applications are accepted two times: one for the December intake (class commencing in January) and the other for the July intake (class commencing in August). Each intake has three rounds.
2. INSEAD Diversity Scholarships
These scholarships seek to promote diversity of the MBA program, and can be both need-based and merit-based.
Diversity Scholarships can be offered to two types of candidates.
Need-based: Under this category, the candidate needs to demonstrate genuine financial needs
Merit-based: These scholarships are awarded to applicants who demonstrate contribution to their region
Value: 13,000 Euro
Deadline: Applications for MBA scholarships in Singapore at INSEAD are accepted two times: one for the December intake (class commencing in January) and the other for the July intake (class commencing in August). Each intake has three rounds.
Stay tuned to www.studyabroad.careers360.com for more news and updates on Singapore