Singapore- the emerging hub for management studies
One of the main factors to consider while pursuing an MBA degree overseas is the destination for your study. While countries like the USA, UK or Australia have been tried and tested, a new breed of international students are exploring fresh destinations to earn their MBA degree. Singapore, which has made its name as a hub for management studies, is definitely one of them.
Singapore as a destination for management studies has been mainly pushed by its hyperconnectivity and by the fact that it is a well- known financial centre of South-Asia and all major companies of the world have created their base in Singapore. The country also happens to be a hot spot for business with MNCs like Unilever, DHL, IBM or General Motors having their regional headquarters here for decades now. No wonder then that Singapore is connected to most of the countries in the world. In fact, Changi Airport, which is one of the largest transportation hubs of South-Asia, has over 100 airlines flying to 80 countries and 300 cities every day. In 2014 itself, around a massive 54 million passengers passed through the airport during the year.
Not just that, if you want to be part of the global management society and experience the latest advancement in the field first hand, then Singapore is ‘the’ place to study in. Singapore is a major campus point for universities like INSEAD, James Cook University, Curtin, Newcastle University, to name a few.
Careers360 lists six reasons why Singapore is fast emerging as the hub for management studies and why you should give a thought to it to take your MBA dreams forward:
1. Best business schools: One of the main factors behind Singapore’s increasing popularity among management aspirants is the presence of some of the best business schools in the world on its shores. With management giants like INSEAD, NUS and Nanyang Technology University, Singapore leads the pack among Asian countries in the World MBA rankings.
Here are some of the best business schools in Singapore:
a. National University of Singapore (NUS): Ranked at the 31st position by Financial Times ranking,the MBA programme at National University of Singapore (NUS) is a 17-month long course which includes both internship and an exchange programme. Further, NUS provides a wholesome management experience through student- led study trips and business competitions. With more than 34,000 NUS Business School alumni represented in over 50 major cities, NUS enjoys a very high position in terms of employee reputation among large corporations.
b. Nanyang Technology University (NTU): A public autonomous university, the Nanyang Technology University was established in 1991 and offers an intensive MBA programme for 12 months with special focus on Asia. What is interesting is that NTU lets students engage in a ‘live’ strategy project with a company and also gives them an opportunity to do a business study mission in another country.
c. INSEAD: INSEAD, Singapore is one of the 3 campuses of the trio of institutions spanning across Europe, West Asia and Asia. The Financial Times ranking placed INSEAD in the 4th position in its 2015 MBA ranking, a jump of two positions in the previous two years due to an increase in salary, better research opportunity and a diversified campus life. INSEAD offers a 10- month long intensive programme which includes teaching via study groups, interactive class sessions and exchange programmes.
d. Singapore Management University (SMU): Modeled after the Wharton School of the University of Pennsylvania’s education system, the Singapore Management University is a public university that is specially focused on management studies. Although a relatively new institute, SMU has made its mark among the top management institutes in the world. It is especially known for its finance related courses like wealth management etc. The university offers a 12-month full time MBA which also includes student exchange programmes.
2. Wide range of programmes : While most of the countries in Asia offer very few and common specialisations in MBA, Singapore is one of those which stands out with its wide range of subjects. While the usual courses like MBA in Finance, Marketing and HR feature among the hot courses, many students are exploring newer subjects like MBA in aviation, MBA global and even MBA Asia Business. For example, the course structure in Singapore Management University is oriented towards the Asian business industry. Not just that, you can also pursue MBA in leadership, luxury management, CSR, energy management among a host of unique management courses.
Here are some of management courses you can pursue in Singapore:
Postgraduate Diploma in Business Administration
International Master of Business Administration (IMBA)
Global Master’s of Business Administration
Certificate in Management Studies
Master of Business Administration in Aviation
Master of Business Administration Treasury Management
3. Cost effective MBA: Although Singapore is considered an expensive destination to study, it is still a viable option for anyone who is considering pursuing an MBA course abroad. While the tuition fee for the top colleges is more or less similar to that of western countries, Singapore wins in terms of cost of living. For example, while the cost of pursuing a PG course in Singapore is between $10,000- $12,000, it can go upto $27000 in USA.
4. Home to global MBA institutes: Singapore is a popular hub for international management institutes from across the world. As such, management students in Singapore are exposed to multiple schools of thought in terms of management theories and practices. Where else would you find MBA specalisations centered around both on the Asian market as well as the European industry?
Singapore is an attractive campus point for universities in the UK, Australia, France and India, among others. James Cook University, Newcastle University, Cardiff Metropolitan University, INSEAD, Curtin are some of the popular universities which have their branches in Singapore.
5. Hub for management jobs: Singapore is home to Asian headquarters of many multinational companies of the world. In fact, the city-state is well known as the financial centre of Asia as it has been consistently ranked as one the top places in the world to do business. Name any big MNC- Unilever, IBM, Louis Vuitton, General Motors – all have their headquarters in Singapore. As such, it is the best place for fresh management graduates to explore job opportunities. Also, universities in Singapore enjoy a special reputation among employers globally. In the QS World Universities ranking, the National University of Singapore comes 10th in the world in the Employer Reputation category while the Nanyang Technological University stands at 35.
6. Flexibility in the duration of studies: One interesting point about studying management in Singapore is that there is no country-wide specific duration standard. Having institutes from different countries in the world, the duration of the management programme varies compared to full-time management programmes in countries like the UK where it is one year or the USA where it is 2 years. So, if NUS offers 17 months long course, NTU and INSEAD offer the same for 10 months.
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Questions related to Singapore
best university for mba in Singapore
Here I list the top business school for MBA in Singapore.
1. National University of Singapore (NUS)
2. INSEAD Singapore
3. Nanyang Technological University (NTU) - Nayang business school
4. Singapore Management University- Lee Kong Chian School of Business
All the above four universities are among the top 50 universities in world rankings.
I hope this helps you.
What is the cost to become a Neurosurgeon or Neurologist in Singapore after completing MS or MD from India?
Here is the list of some colleges of Singapore for this course with their total fee:
1. Nanyang Technological University - Rs 20 lakhs
2. National University of Singapore - Rs 40 lakhs
3. Lasalle College Singapore - Rs 15 lakhs
4. James Cook University - Rs 15 lakhs
5. Duke, NUS Medical School, Singapore - Rs 40 lakhs.
Hope it clears your doubt.
Please say, What is the Working hours of Neurosurgeons in India and Singapore?
The working hours of a neurosurgeon in India or Singapore,in fact any country for that matter varies for different hospitals he/she works in. The working hours also depends upon the number of patients visiting the doctor. A doctor needs to make himself/herself available for a patient at any time of the day. However,8-12 hours a day is generally invested by a neurosurgeon in hospitals/clinics in India or Singapore or anywhere in world.
Hope this helps.
How to study Medical PG in Singapore by Scholarship after completing MBBS in India?
If the MBBS degree you did in India is recognised by the Singapore Ministry of Health (Singapore only accepts degrees from renowned universities), then there are many postgraduate medical studies that you can go for non-clinical post-grad studies like pharmacology and biochemistry or clinical courses like surgery and O&G
Scholarships in Singapore:
Singapore Internationational Graduate Award
- Commonwealth Scholarship in Singapore 2020
- ASEAN Undergraduate Scholarship At NUS In Singapore 2020
- National University Of Singapore Scholarships 2020
- George Lyndon Hicks Fellowship For Developing Countries 2020
- Golden Key Scholarship 2020 For International Students
I wish to become a Neurosurgeon, but first I wish to practice in the United States or Singapore for half of my career and to spend last half of my career in India. Whether my wish is a good one? Is it possible? Is my decision is correct? Kindly commend on my wish?
Raja, we have been discussing your career and aspirations for a while now and we appreciate that you want to take Career360's opinion on the matter of your career. So by now, you are aware of the fact what it takes to become a neurosurgeon and what it is to clear USMLE, practise as a resident in the US. We also have discussed the life style and the salary part. Now regarding the first half and later half of the career, we only wish we could predict our timeline on this planet. We do not which might be the first half or which might be the later part. But no wish is bad. If you want to achieve something, you should lest you regret for the rest of your lofe. Now to practise in the US, you may have to appear for USMLE, clear the step 1 and then practise as a resident before you can get the license to practise as a full time neurosurgeon. That is a long process that might take good 4-5 years. You study MBBS in India for 50 months and then complete the 1 year rotational internship and it takes you as many as 5 years. And appearing for USMLE and then working as a resident take another 4 years and so 10 years of your life are spent getting a valid license to practise in the US. And then lets say after 5 years you want to move to Singapore, that takes a whole different processing because you need to appear for their license exam. And you work in Singapore for lets say another 5 years and you come back to India. 15 years of your life are spent studying and getting licenses. But the beauty is within 15 years you can actually get license to practise in 3 countries. So you need to take a call. Or how about you finish MBBS in India, move to Singapore to study your MD/MS and plan on moving to the US? That way the transition is going to be smoother.