MBA Colleges in Singapore for Indian Students

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Did you know that around 3,000 Indian students travel to Singapore annually for higher education?

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. 

With a rapidly growing economy and a reputation for academic excellence, Singapore has become a top destination for MBA aspirants. There’s a growing trend of Indian students in Singapore, with a reported 25% increase year-on-year. 

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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. 

Top 10 MBA colleges in Singapore

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

It is among the greatest student cities in the world because of its top-notch education, reasonable cost, security and flexibility, offering both full-time and part-time MBAs. A worthwhile multicultural experience is guaranteed by including students from over 120 countries

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 #429NA
Singapore Management University #545NA
S P Jain School of Global ManagementNA NA
ESSEC Business SchoolNANA
James Cook University, SingaporeNANA
Management Development Institute of Singapore (MDIS)NANA
PSB Academy School of Business and ManagementNANA
INSEAD Business SchoolNANA

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

Here are the types of MBA’s that you can choose from in Ireland: 

  • Full-time MBA: Fast-track your career with an intensive, one-year MBA in Ireland.
  • Executive MBA: Balance work and studies with a flexible, part-time MBA designed for experienced professionals.
  • International MBA: Earn a globally recognised MBA in Ireland and connect with a diverse network of classmates.
  • Part-time MBA: Pursue your MBA while you work, gaining valuable knowledge and skills without pausing your career.

Also Read: Singapore International Graduation Award (SINGA) 2024

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

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MBA Colleges in Singapore for Indian Students

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 give you 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. 

The NUS MBA alumni network is a diverse community that spans over 100 countries, comprising over 40,000 graduates. NUS MBA alumni network offers access to a wealth of knowledge, expertise, and resources that help current students and recent graduates to achieve their career goals. 

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:

ParametersDetails
Course Length17 Months
Average tuition fees INR 9L  to INR 10L
Scholarships NUS MBA Study Awards
NUS MBA Diversity Scholarships
Top 3 MBA CoursesNUS MBA 
NUS-UCLA Double Degree MBA
NUS Asia-Pacific Executive MBA 

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:

ParametersDetails
Course Length12-16 Months
Average tuition fees INR 18L to INR 30L
Scholarships NTU MBA Scholarships
Nanyang Fellows MBA Scholarship
Top 3 MBA CoursesMarketing 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, Mumbai, 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:

ParametersDetails
Course Length12-16 Months
Average tuition fees INR 30L to INR 50L
Scholarships S P Jain Scholarships 
S P Jain Global MBA Scholarship for Women
Top 3 MBA CoursesGlobal 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:

ParametersDetails
Course Length12-18 Months
Average tuition fees INR 6L to INR 9L
Scholarships SMU MBA Scholarships 
Lee Kong Chian Graduate Scholarship
Top 3 MBA CoursesStrategic 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:

ParametersDetails
Course Length12-16 Months
Average tuition fees INR 18L to INR 25L
Scholarships MDIS Scholarships
MDIS Merit Scholarship
Top 3 MBA CoursesFinancial 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. But, 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, and 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 on an English proficiency test such as IELTS (7.0) or TOEFL (100). 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 2-3  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 for an MBA in Singapore is around INR 20-40 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 varies depending on 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 1L
Basic Utility (Monthly)INR 12K
Transportation INR 7K
Total monthly expense INR 2L

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 75L. 

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.

Also Read: Average Salary in Singapore for Indian Students

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 4L – INR 6L per year
PSB AcademyINR 3L – INR 5L per year
Kaplan SingaporeINR 4L – INR 6L per year
Curtin University Singapore:INR 5L – INR 6L per year 
Singapore Institute of Management (SIM)INR 6L – INR 8L per year

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.

Frequently Asked Questions (FAQs)

  • Q. Which is the best university in Singapore for MBA?

    A. There are several universities in Singapore that offer MBA programs, each with its strengths and specialities. According to the QS Global MBA Rankings 2021, the National University of Singapore (NUS) Business School is ranked as the best MBA program in Singapore and 15th in the world. Other top universities for MBA in Singapore include Nanyang Technological University (NTU) and Singapore Management University (SMU).

  • Q. List down the top 5 MBA colleges in Singapore.

    A. Based on the latest rankings, the top 5 MBA colleges in Singapore are the National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU), and Singapore University of Technology and Design (SUTD). These institutions have been recognised for their academic excellence, research capabilities, and overall student experience. Other notable colleges in Singapore include the Singapore Institute of Technology (SIT) and the SIM Global Education.

  • Q. Is MBA in Singapore for Indian students a good option?

    A. MBA in Singapore can be a good option for Indian students as it offers a wide range of courses, globally recognised degrees, and exposure to diverse cultures and industries. Singapore is also a hub for many multinational corporations, providing excellent job opportunities. However, students should consider factors such as cost of living, job prospects, and visa requirements before making a decision.

  • Q. List down the 3 best MBA colleges in Singapore.

    A. Based on various rankings and industry reports, the three best MBA colleges in Singapore are INSEAD, NUS Business School, and Singapore Management University (SMU). These schools offer world-class faculty, diverse student cohorts, and excellent networking opportunities. INSEAD is consistently ranked as the top MBA program in the world, while NUS and SMU have strong regional reputations and partnerships with leading companies in Singapore and Southeast Asia.

  • Q. What are the average Singapore MBA fees?

    A. The average MBA fees for colleges and universities in Singapore range from INR 8L to 10L. However, the fees can vary depending on the institution, program, and duration of the course. It is always recommended to check with the specific college or university for the exact fees for their MBA programs.

  • Q. What is the cost of living in Singapore for Indian students?

    A. The cost of living in Singapore for Indian students can vary depending on the individual’s lifestyle and accommodation preferences. On average, students can expect to spend INR 10K – 25K  per month on rent, food, transportation, and other expenses. It’s recommended to create a budget and plan ahead to manage costs effectively. Additionally, scholarships and financial aid options are available to help offset expenses.

  • Q. What is the average salary of an MBA graduate in Singapore?

    A. The average salary of an MBA graduate in Singapore can vary depending on factors such as industry, job role, and work experience. However, according to a survey conducted by QS Top MBA, the average salary for MBA graduates in Singapore is around INR 75L. It’s important to note that this is only an estimate, and actual salaries may differ based on individual circumstances.

  • Q. Are there any affordable MBA programs available in Singapore for Indian students?

    A. Yes, there are several affordable MBA programs available in Singapore for Indian students. Some of the top options include the National University of Singapore, Nanyang Technological University, and Singapore Management University. These universities offer a range of MBA programs at competitive prices, and many of them also provide scholarships and financial aid to international students. It’s best to research and compare different options to find the one that best suits your needs and budget.

  • Q. Which are the top MBA colleges in Singapore?

    A. Singapore is the centre of some of the world’s top business schools. The National University of Singapore (NUS) Business School is ranked 17th in the world by the Financial Times. Nanyang Business School (NBS) is another top-ranked business school in Singapore, with a ranking of 27th in the same Financial Times ranking. Other notable MBA programs in Singapore include INSEAD Business School, Singapore Management University (SMU), and ESSEC Business School.

  • Q. What are the eligibility criteria for Indian students to pursue an MBA in Singapore?

    A. To pursue an MBA in Singapore, Indian students need to have a bachelor’s degree with a good score, preferably in a relevant field. They also need to take standardised tests like GMAT or GRE and provide proof of English proficiency. Additionally, work experience, extracurricular activities, and other achievements may strengthen the application. The eligibility criteria may vary depending on the institution, so it’s best to check with the specific program for more detailed requirements.

  • Q. What is the application process for MBA colleges in Singapore?

    A. The application process for MBA colleges in Singapore typically involves submitting an online application, academic transcripts, essays, letters of recommendation, and standardised test scores (GMAT or GRE). The admission requirements and deadlines vary between institutions, so it’s best to research each school’s website for specific information. Some schools also require an interview as part of the application process. It’s important to start the application process early and ensure that all requirements are met before submitting the application.

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Saket Kohli

An International Higher Ed professional with 7+ years of experience studying, working, and living across three geographies, currently on a mission to share his journey as an International Student.

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