Singapore is one of the main financial centers of Southeast Asia, and its competitive economy makes it one of the most sought-after educational destinations for international students who want to study abroad. With top universities in Singapore offering Master of Business Administration (MBA) programs, Singapore is one of the most preferred destinations for MBA applicants. So, if you are the one who is looking for a definite list of MBA colleges in Singapore, you are on the right page!
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Singapore is a country that places great importance on the education sector. Around 19.96% of the total expenditure is invested in education, of which 35.28% is in higher education.
World-class education, employment opportunities, quality infrastructure, excellent healthcare, and international diversity attract students from all over the world to pursue higher education in Singapore. High competition and a well-developed economy and the availability of many job opportunities are some of the reasons why many students from all over the world apply for an MBA in Singapore. International students come to Singapore not only to study abroad but also to gain exposure to an industry-focused curriculum and easy access to international networks.
So, without further ado! Let’s get started…
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To make it easier for you, we have created a quick guide to everything you need to know about the best MBA colleges in Singapore.
List of Top 10 MBA colleges in Singapore
The MBA in Singapore is a flexible 1.5-2-year program that costs between US$60,000 and US$90,000 for international students. It is estimated to be up to 65 lakhs for Indian students. For those looking forward to pursuing an MBA in Singapore, it is important to have around 80% marks in your undergraduate degree, TOEFL (92-100 or other equivalents), and GMAT/GRE scores (optional for some universities). Often only a few MBA universities in Singapore have work experience requirements.
The Master of Business Administration (MBA) is an internationally recognized diploma course that teaches you the skills you need to manage and administer a business. The top business schools in Singapore that offer MBA are listed in the table with their ranking and program duration:
| University | QS Ranking 2022 | Tuition Fees (USD) |
| National University of Singapore (NUS) | 29 | 59,114 |
| Singapore Management University (SMU) – Lee Kong Chian School of Business | — | 49,435 |
| Nanyang Technological University (NTU) | 28 | 45,751 |
| INSEAD Asia Campus | — | 90,910 |
| James Cook University | — | 27,569 |
| ESSEC Business School | — | 48,652 |
| Nanyang Institute of Management | — | 28,027 |
| PSB Academy | — | 19,302 |
| SP Jain School of Global Management | 251 | 29,438 |
| Amity Global Institute | — | 15,491 |
Note: To know more everything about Student Visa & How to Study in Singapore, refer our Singapore Student Visa & Study in Singapore blog posts!
About best MBA colleges in Singapore
In this section, we will introduce you to the explanation of the above-mentioned list of best MBA colleges in Singapore:
National University of Singapore (NUS)
The National University of Singapore (NUS) was established on 8 August 1991 as an autonomous university in Singapore.
- Duration: 17 months
- Eligibility: UG Degree, 2 years work experience, GRE/GMAT scores, TOEFL above 100 or IELTS above 6.5
- Why study here? NUS MBA graduates have expertise in various disciplines such as finance, accounting, and marketing. This means they can work in a variety of industries, such as banking, consulting, or retail. NUS is a leading university in Asia and ranked number one in Asia by QS. It offers a range of programs that span from the humanities to engineering and business to law.
Singapore Management University (SMU) – Lee Kong Chian School of Business
SMU is one of the best MBA colleges in Singapore.
- Duration: 12 months for full-time, 18 for part-time
- Eligibility: UG Degree, 2 years work experience, SMU admission test or GRE/GMAT results, TOEFL score
- Why study here? SMU’s MBA program is a one-year full-time program in which students complete a minimum of six modules and complete an internship. The university was established and has been recognized as one of the best universities in Asia by QS, US News & World Report, and the Financial Times. The university offers students a range of MBA programs to choose from Full-time MBA, Executive MBA, One-year MBA, or Two-year MBA.
Nanyang Technological University (NTU)
NTU Nanyang Technological University (NTU) is one of the world’s leading technological universities with a rich history and tradition.
- Duration: 12 months for full-time, 18 for part-time
- Eligibility: UG Degree, 2 years work experience, GRE/GMAT scores, TOEFL above 100 or IELTS above 6.5
- Why study here? NTU’s MBA program is designed for ambitious professionals who want to develop their careers through an international perspective, rigorous academic content, and hands-on professional experience. This course will provide students with the business management skills that are critical to success in today’s competitive global economy, as well as providing them with a key understanding of how organizations operate across cultures and countries.
James Cook University
JCU Singapore is a nationally ranked university and offers a wide range of undergraduate and postgraduate courses in business, engineering, health sciences, law, education, humanities, and social sciences.
- Duration: 12 months for full-time, 16 for part-time
- Eligibility: AQF level 7 UG Degree, 2 years work experience in a managerial role, TOEFL 86, IELTS 6.5
- Why study here? The James Cook University MBA program in Singapore includes a curriculum that is based on the latest developments in business management with a focus on entrepreneurship, innovation, and sustainability. An MBA degree provides students with a well-rounded education that matches their career goals, enabling them to acquire skills suitable for industries such as finance, marketing, or IT.
INSEAD Asia Campus
INSEAD Business School offers six master’s degrees, executive education courses, a business foundation certificate, and doctoral degrees. The courses are offered in nine academic fields and 15 centers specializing in business administration, management, and economics.
- Duration: 10 months
- Eligibility: UG Degree, 2-10 years work experience, GMAT score 70-75th percentile, GRE 80th percentile or above, English proficiency
- Why study here? For the past few years, INSEAD Singapore has been recognized by Forbes magazine as one of the best MBA programs in the world. The program has an excellent alumni network that will provide you with connections in many fields and sectors. The school also provides excellent facilities such as an international library, modern classrooms and laboratories, and a modern campus located in Singapore’s central business district.
Conclusion
The return on investment is expected to be more than 200% of the cost of studying abroad. In this regard, it is reasonable to conclude that doing an MBA in Singapore is worthwhile. Excellent job prospects are also made more accessible by the existence of regional headquarters of multinational companies such as Google, Apple, Meta, and others.
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FAQs
GMAT is not a mandatory requirement for MBA programs in Singapore. However, it can help increase your chances of getting into a top-ranked graduate school. There are several top-rated graduate programs in Singapore that do not require applicants to take the GMAT before applying, and some schools offer exemptions if you have taken other exams such as the SAT or GRE. However, if you want to be considered for the top MBA programs in Singapore, you will need to pass the GMAT as part of the application process and this can increase your chances of being accepted into one of these programs.
The average salary of an MBA graduate in Singapore is around $75,000.
A bachelor’s degree from a recognized university, English proficiency scores, GRE/GMAT scores, GPA of at least 2.8, and work experience of at least two years, among others, are the minimum requirements for an MBA in Singapore.
To get into the best MBA colleges in Singapore, you need a good academic record, at least two years of work experience, and a CGPA of 2.8 at the graduate level. Some universities may also require a GMAT/GRE/TOEFL/IELTS score for admission.
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
