MBA Colleges in Singapore for Indian Students

Did you know that Singapore boasts one of the highest concentrations of MBA programs worldwide? 

With over 20 MBA colleges and universities, Singapore has become a hub for international students looking to advance their careers and gain a competitive edge in the global job market. 

As an Indian student, pursuing an MBA in Singapore can open up a world of opportunities and increase your earning potential by up to 50%.

Studying for an MBA in Singapore can be a life-changing decision, offering a unique opportunity to be part of a multicultural community of students and professionals from all over the world. 

According to a report from previous years by The PIE News, the number of Indian students in Singapore universities jumped from 8,000 to 10,000 in just a six-month period, reflecting a growth of 25% year-on-year.

With a rapidly growing economy and a reputation for academic excellence, Singapore has become a top destination for MBA aspirants seeking to enhance their career prospects and expand their knowledge.

In this blog, we will take a closer look at the benefits of studying for an MBA in Singapore, the top colleges and universities, and what you can expect from the experience. 

Here are the blog highlights:

Parameters	Costs
Average Cost Of Living	INR 90k
Average Rent In City Centre	INR 70K to 160K
Average Transportation Cost Monthly Pass	INR 7,800
Average Utilities Cost	INR 10K – 12K
Average Tuition Fee	INR 8L to 30L
Top Universities	National University of Singapore Nanyang Technological University  Singapore University of Technology and Design ESSEC Business School
Scholarships	NUS MBA Diversity Scholarships MDIS Merit Scholarship S P Jain Global MBA Scholarship for Women SMU MBA Scholarships
Average Salary	INR 70L

Also Read: Singapore International Graduation Award (SINGA) 2024

Top 10 MBA colleges in Singapore

Singapore is the perfect place for Indian students looking to give their career a boost with an MBA degree. 

The country is home to some of the best universities and colleges in the world, with a highly regarded education system that emphasises quality and innovation.

Colleges	QS World Ranking 2024	THE World University Ranking 2024
National University of Singapore (NUS)	8	19
Nanyang Technological University, Singapore	26	32
Singapore University of Technology and Design	429	NA
Singapore Management University	545	NA
S P Jain School of Global Management	NA	NA
ESSEC Business School	NA	NA
James Cook University, Singapore	NA	NA
Management Development Institute of Singapore (MDIS)	NA	NA
PSB Academy School of Business and Management	NA	NA
INSEAD Business School	NA	NA

Note: The colleges ranked in the QS Global MBA Rankings 2024 could be some of the best options for you to consider. 

• National University of Singapore (NUS): QS Global MBA Ranking 1 
• Nanyang NTU Singapore: QS Global MBA Ranking 3
• SMU (Lee Kong Chian): QS Global MBA Ranking 6

These MBA colleges offer a range of: 

• Specialisations 
• Flexible study options
• opportunities for networking
• Internships
• Global exposure. 

Pursuing an MBA from one of these top colleges in Singapore can help you achieve your career goals and become a global leader in your field.

Also Read: Average Salary in Singapore for Indian Students

Here is a detailed overview of the top 5 colleges in Singapore:

National University of Singapore (NUS) 

The National University of Singapore (NUS) is a world-renowned institution that offers a top-notch MBA program. Studying at NUS can provide you with a unique opportunity to enhance your skills and knowledge, gain real-world experience, and expand your global network.

The MBA curriculum at NUS is designed to equip students with the necessary skills to succeed in today’s competitive business landscape. With Singapore being a hub for international business, studying at NUS can give you a valuable career advantage.

The Admission criteria for the university are: 

• A Bachelor’s degree or equivalent
• GMAT/GRE Scores (550-670)
• English proficiency test scores (TOEFL: 100/ IELTS: 7.0)
• Letter of recommendation (LOR)
• Statement of Purpose (SOP)

An overview of the National University of Singapore:

Parameters	Details
Course Length	17 Months
Average tuition fees	SGD 62,500 to SGD 70,000
Scholarships	NUS MBA Study Awards NUS MBA Alumni Grant NUS MBA Diversity Scholarships
Top 3 MBA Courses	Finance Strategy and General Management Marketing

Nanyang Technological University, Singapore

Nanyang Technological University in Singapore is a leading educational institution that offers a wide range of undergraduate and graduate programs. 

Their MBA program is widely acclaimed and offers students a challenging curriculum that focuses on developing strong leadership skills and expertise in business.

The Admission criteria for the university are: 

• A Bachelor’s degree or equivalent
• GMAT/GRE Scores (550-670)
• English proficiency test scores (TOEFL: 100/ IELTS: 7.0)
• Letter of recommendation (LOR)
• Statement of Purpose (SOP)
• Interviews 

An overview of the Nanyang Technological University, Singapore:

Parameters	Details
Course Length	12-16 Months
Average tuition fees	SGD 60,000 to SGD 70,000
Scholarships	NTU MBA Scholarships Nanyang Fellows MBA Scholarship Nanyang President’s Graduate Scholarship
Top 3 MBA Courses	Marketing and Consumer Insights Strategy and Innovation  Banking and Finance

S P Jain School of Global Management

S P Jain School of Global Management is a leading business school with campuses in Dubai, Singapore, and Sydney. 

Offering a full-time MBA program, the school focuses on developing the skills necessary for a successful career in the global marketplace. 

The program includes a unique multi-campus model, providing students with a global perspective and exposure to diverse cultures.

The Admission criteria for the university are: 

• A Bachelor’s degree or equivalent
• GMAT/GRE Scores (550-670)
• English proficiency test scores (TOEFL: 100/ IELTS: 7.0)
• Letter of recommendation (LOR)
• Statement of Purpose (SOP)
• Interviews 

An overview of the S P Jain School of Global Management, Singapore:

Parameters	Details
Course Length	12-16 Months
Average tuition fees	SGD 70,000 to SGD 80,000
Scholarships	S P Jain Scholarships  S P Jain Global MBA Scholarship for Women Merit-based Scholarships
Top 3 MBA Courses	Global Strategy and Leadership  Marketing Management Finance and Investment

Singapore Management University 

Singapore Management University (SMU) is a leading university in Asia that offers a world-class MBA program. 

The program is designed to provide students with a comprehensive understanding of business and management and equip them with practical skills to succeed in today’s globalised world.

 With its focus on innovation, entrepreneurship, and leadership, SMU’s MBA program prepares students to tackle real-world challenges and drive positive change in their organisations and communities.

The Admission criteria for the university are: 

• A Bachelor’s degree or equivalent
• GMAT/GRE Scores (550-670)
• English proficiency test scores (TOEFL: 100/ IELTS: 7.0)
• Letter of recommendation (LOR)
• Statement of Purpose (SOP)
• Interviews 

An overview of the Singapore Management University:

Parameters	Details
Course Length	12-18 Months
Average tuition fees	SGD 60,000 to SGD 70,000
Scholarships	SMU MBA Scholarships  Lee Kong Chian Graduate Scholarship SMU-ASEAN Scholarships
Top 3 MBA Courses	Strategic Management  Finance and Accounting  Marketing Management

Management Development Institute of Singapore (MDIS)

Management Development Institute of Singapore (MDIS) is a leading institution offering a wide range of academic programs in Singapore. 

Its MBA program is designed to provide students with a comprehensive understanding of global business practices, strategy development, and leadership skills. 

The program is ideal for professionals seeking to enhance their career prospects and gain a competitive edge in the business world.

The Admission criteria for the university are: 

• A Bachelor’s degree or equivalent
• GMAT/GRE Scores (550-670)
• English proficiency test scores (TOEFL: 100/ IELTS: 7.0)
• Letter of recommendation (LOR)
• Statement of Purpose (SOP)
• Interviews 

An overview of the Management Development Institute of Singapore:

Parameters	Details
Course Length	12-16 Months
Average tuition fees	SGD 30,000 to SGD 40,000
Scholarships	MDIS Scholarships MDIS Merit Scholarship
Top 3 MBA Courses	Financial Management Marketing Management Strategic Management

Criteria for choosing the top MBA colleges in Singapore

Singapore is home to some of the top MBA colleges in the world. 

With so many options available, it can be overwhelming to choose the right one. 

Don’t worry, we’ve got you covered!

Here are some key criteria for choosing the top MBA colleges in Singapore:

• Academic Reputation:
  
  • Look for colleges consistently ranked highly in global MBA rankings like QS or FT (Search QS World University Rankings) & (Search Financial Times Global MBA Ranking).
  • Consider the college’s reputation within Asia, particularly for its MBA program.
• Program Focus & Specialisation:
  
  • Does the program align with your career goals and preferred industry?
  • Do they offer specialisations relevant to your interests (for example: Finance, Marketing, Entrepreneurship)?
• Cost & Scholarships:
  
  • Compare tuition fees, living expenses, and scholarship opportunities across different colleges.
  • Explore scholarships offered by the college, Indian government schemes, and external organisations.
• Post-Graduation Opportunities:
  
  • Consider the college’s placement record for Indian graduates, particularly in your desired industry and region.
  • Does the program offer career services or alumni networks to help with job hunting?
• Class Profile & Diversity:
  
  • Look for programs with a diverse student body, including international classmates.
  • A strong network of peers can enhance your learning experience and future career prospects.
• Location & Alumni Network:
  
  • Singapore’s location offers access to Southeast Asian markets.
  • Consider the alumni network strength in India and the college’s connections to Indian companies.
• Language & Cultural Fit:
  
  • Assess your English language proficiency for application requirements and classroom needs.
  • Consider the college’s culture and whether it aligns with your learning style and comfort level.

Eligibility criteria for Indian students for studying MBA in Singapore

When you’re considering pursuing an MBA in Singapore, it’s important to choose the right college or university that aligns with your education and career goals. 

Here are the requirements that you need to fulfil: 

1. A Bachelor’s degree or equivalent: You must have a Bachelor’s degree or equivalent from a recognised university or institution.

2. GMAT/GRE Scores: Most MBA programs require you to have a valid GMAT or GRE score. The minimum score required varies depending on the program and the university.

3. English proficiency test scores: You must also have a valid score in an English proficiency test such as IELTS or TOEFL. The minimum score required varies depending on the program and the university.

4. Work experience: Some MBA programs may require you to have work experience of a certain number of years. The required work experience varies depending on the program and the university.

5. Letter of recommendation (LOR): You will be required to submit at least one LOR from a professor or a professional contact.

6. Statement of Purpose (SOP): You will also be required to submit an SOP stating your reasons for pursuing an MBA and your career goals.

Application process in MBA colleges in Singapore

• Step 1: Research the MBA programs offered by universities and colleges in Singapore.
• Step 2: Check the eligibility criteria for each program and make sure you meet the requirements.
• Step 3: Register for the GMAT/GRE and English proficiency tests and take the exams.
• Step 4: Prepare your LOR and SOP.
• Step 5: Apply to your preferred MBA program(s) online through the university’s website.
• Step 6: Pay the application fee and upload all the required documents.
• Step 7: Wait for the university to review your application.
• Step 8: If you are shortlisted, you will be called for an interview.
• Step 9: If you are selected, you will receive an admission offer from the university.
• Step 10: Accept the offer and complete the admission formalities.

Indian students who meet the eligibility criteria and follow the application process can pursue an MBA in Singapore and expand their career prospects.

Cost of studying in Singapore for Indian Students 

Are you curious about how much your education in Singapore will cost you?

The average first-year cost of studying MBA in Singapore is INR 30 Lakhs.

 Luckily, the cost of your education will depend on various factors such as the program, institution, and location you opt for.

It’s best to research and compare options to find an education in Singapore that fits your budget and needs.

 Cost of living in Singapore for Indian students

Living in Singapore can be expensive, but it varies depending on the location. 

Some areas like the central business district can be pricey, while others like the heartlands may be more affordable.

Here is a detailed breakdown of the living expenses in Singapore:

Rent per month	INR 1,63,476
Basic Utility (Monthly)	INR 12,769
Transportation	INR 7,851
Total monthly expense	INR 93,329

With proper budgeting, it is possible to live comfortably in more affordable areas like the heartlands.

Average Salary of an MBA Graduate in Singapore 

Aspiring business professionals in Singapore often wonder about the average salary of an MBA graduate.

 According to Payscale, an MBA graduate in Singapore can expect to earn an average salary of INR 75,00,000. 

The average salary in Singapore has increased by 8% from last year’s. Over the past ten years, the median wage in the country has risen by 46%.

However, the actual salary can differ based on various factors such as:

• Industry
• Location
• Years of experience
• Job Responsibilities
• Company size
• Job performance

Despite the variations, pursuing an MBA degree can be a wise investment as it has the potential to significantly enhance career prospects and earning potential in Singapore’s competitive job market.

Other Affordable Colleges for MBA in Singapore

Are you in search of budget-friendly MBA programs in Singapore? Well, you’re in luck as there are several universities that offer affordable options. 

Although there are some expensive MBA programs, you can still find cheaper alternatives as well. 

Here are some affordable options with their average tuition fees: 

Universities	Average Tuition Fees
James Cook University Singapore (JCUS)	INR 4.3L – INR 6L per year
PSB Academy	INR 3.7L – INR 5.5L per year
Kaplan Singapore	INR 4.3L – INR 6L per year
Curtin University Singapore:	INR 5L – INR 6.75L per year
Singapore Institute of Management (SIM)	INR 18L – INR 24L entire program

Why Choose Singapore?

Singapore should be high on your list as it is the perfect destination to pursue your MBA and build your career.

• Singapore is home to some of the world’s leading companies and offers exceptional job prospects for MBA graduates, particularly in the fields of finance, technology, and consulting. 
• The city-state’s thriving economy and low unemployment rate make it an attractive destination for Indian students seeking to launch their careers.
• The Singaporean government is also committed to supporting international students, with policies in place to help them secure post-graduation work permits and find employment opportunities.
• Singapore’s welcoming and inclusive culture makes it easy for international students to feel at home.
• The student visa application process for Singapore is straightforward and can be completed online.

 As an MBA student in Singapore, you’ll have access to a wide range of internship opportunities with leading companies and organisations. 

Summing up: 

Singapore has established itself as a top destination for MBA aspirants seeking to expand their knowledge, enhance their career prospects and gain a competitive edge in the global job market. 

With its highly regarded education system, multicultural community, and reputation for academic excellence, Singapore has become a hub for international students looking to advance their careers. 

Pursuing an MBA from one of the top-ranked colleges in Singapore can offer you a unique opportunity to gain real-world experience, develop leadership skills, and expand your global network. 

Pursuing an MBA is a significant investment in your future. Our app can help you make the most of that investment by offering expert guidance and support every step of the way. Give us a try and see how we can help you achieve success.