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MBA in Singapore Fees: Know the Cost of MBA in Singapore

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MBA in Singapore Fees: Know the Cost of MBA in Singapore

Edited By Apoorva Singh | Updated on Sep 21, 2023 07:22 PM IST

MBA in Singapore Cost - Once the destination for your MBA degree is sealed, the next obvious question is - what is the MBA in Singapore fees? MBA is one of the more expensive degrees in Singapore and also consider that the living expenses can vary from sate to state. Proper information about living costs, tuition fees and other expenses will make the budget plan for an MBA in Singapore cost a lot easier. As you read this article regarding MBA study in Singapore, you will realize that MBA fees in Singapore is only one component of the total cost of pursuing MBA in Singapore.
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When it comes to business schools and MBA programmes in the Asia Pacific region, Singapore has three of its universities placed in the top five of QS Global 200 MBA Rankings 2014/15, with Insead –Singapore on the top. But now even at a global level, Singapore is creating waves. In the Global MBA Ranking 2016 published by Financial Times (FT), Insead - France / Singapore has dethroned Harvard Business School as the #1 business school in the world. Apart from Insead, Nanyang Business School and National University of Singapore Business School also made it to the FT top 50. With such startling achievements, it is not much of a surprise that there is a beeline of students who want to pursue MBA in Singapore.

MBA in Singapore cost

If you are hoping to get into the number one business school in the world, don’t expect it to be cheap. In fact, INSEAD – Singapore has a steep tuition fee, comparable to tuition fee in top business schools across countries. But on the brighter side, at Insead, you are guaranteed the highest return on investment of any MBA in the world (according to Forbes). In addition, as many as 12 CEOs of Europe’s biggest listed companies are Insead pass-outs, which is more than two times the next two business schools combined (Business Insider UK).

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NUS Business School, Singapore, is another business school that made it to the FT list and has a fairly reasonable tuition fee. But unlike Insead MBA, which is a 10-month program, the course duration at NUS is 17 months. What it basically means is that you will end up spending more as way of living expenses.

Another business school that has almost identical MBA in singapore fees to NUS Business School is Singapore Management University (SMU). However, SMU is a 12-month MBA program. Admission criteria at the university include two years of post-degree working experience.

MBA Fee in Singapore across top business schools

Work experience

Duration

Fee

INSEAD – Singapore

Two-five years recommended

10 months

€97,000

NUS Business School, Singapore

Applicants must have a minimum of two years full-time postgraduate work experience

17 months

SGD $68,000

Nanyang Business School, NTU, Singapore

At least 2 years work experience

12 months

SGD $70,953

Singapore Management University (SMU)

Two years of post-degree working experience

12 months

SGD $70,200

James Cook University (JCU) Singapore

-

16 months

SGD $44,940

On average the MBA in Singapore for Indian students fees ranges from 24- 35 lakhs

Cheapest MBA in Singapore

Candidates can pursue MBA in colleges as the MBA in Singapore fees is low at colleges in Singapore when compared with universities. There are many colleges that are affiliated with top universities that offer low cost of MBA in Singapore. One of the lowest MBA in Singapore fees is of James Cook University (JCU) Singapore which stands among the cheapest MBA in Singapore. It's MBA in Singapore fees is around INR 33 Lakhs.

Cheap MBA Institutes in Singapore

  • Singapore Institute of Management
  • London School of Business and Finance
  • TMC Academy
  • PSB Academy
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This MBA in Singapore cost is reduced if pursued in colleges. The MBA in Singapore fees for these above colleges range from 10 to 25 lakhs INR.

Contribution of living expenses to cost of studying MBA in Singapore

In addition to the MBA fee in Singapore, another major expense is related to living expenses. Of the total expense of SGD $35,573, more than half will go into accommodation. When choosing accommodation, students can explore a number of options like:

  • on-campus housing,

  • renting a room in a public housing apartment

  • renting a public housing apartment

  • renting a room in a private apartment

  • renting a 3-bedroom ( or something similar) private apartment

It is normally cheaper to rent a room in a private apartment (SGD $600 - $1,300 per month) than renting private apartments, which can make you poorer by SGD $4,000 - $7,000 per month. The idea is to find accommodation that fits in to your budget.

Living expenses also include meals, transport and telephone bills. Besides, you have to keep aside SGD $18 – $55 every time you visit a General Practitioner. In some cases, health care may be included in the MBA fee in Singapore but students need to get in touch with their universities to understand the extent of coverage, if any.

Estimated yearly expenses (Insead figure)

Item

Cost

Accommodation

SGD $18,486

Meals

SGD $8,699

Local Transport

SGD $1,087

Telephone

SGD $621

Miscellaneous (i.e. relocation & settling in expenses, excludes leisure)

SGD $2,330

Laptop

SGD $1,243

Travel for exchange
and job search (optional)

SGD $3,107

Total Average Expenses

SGD $35,573

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Health Insurance adds up to cost of studying MBA in Singapore

MBA in Singapore for international students are generally required to take health insurance schemes when they are pursuing MBA in Singapore. In some cases, the health insurance fee is included in the Miscellaneous MBA in Singapore fees and is collected on a semester basis. International graduates and non-graduating students in the National University of Singapore are expected to pay S$62.85 per semester, inclusive of GST, as part of their insurance coverage. As for travel insurance, it is not mandatory, and it is the student’s discretion to buy any private plan that suits him.

Expenses related to MBA in Singapore requirements

Other than the MBA in Singapore fees, there are few other expenses related to admissions. Getting admission into a top business school requires you to show your credentials, be it your English language proficiency or logical, analytical and reasoning abilities. And there are a slew of tests to prove your eligibility. The English language proficiency test TOEFL charges you between US $170- $220 for every attempt you make, while for IELTS it is around $170. International students also need to take GMAT as part of their admission requirement and the fee for the exam is US $250. Also, once you book a date but decide to back out at the last moment for lack of preparation, be ready to pay US $50 as rescheduling fee. When calculating the actual cost of pursuing MBA in Singapore, all these expenses add up to make quite a dent in your pocket. So, you should definitely look at these expenses as well apart from MBA fee in Singapore.

Frequently Asked Question (FAQs)

1. Is MBA course expensive in Singapore?

The cost of pursuing MBA in Singapore ranges from INR 20 to 40 lakhs depending on the college or university.

2. Is MBA a good optio to study in Singapore?

Singapore has universities which are globally recognized. Considering the employability rates after MBA in Singapore, it is suggested as a good option.

3. What is the salary after MBA in Singapore?

For an MBA fresher, the minimum expected salary can be around INR 2 lakhs to 4 lakhs.

4. Can I get a job after completed MBA in Singapore?

There are a number job opportunities for an MBA grad, especially in the business field in Singapore

5. What is salary after pursuing MBA from top universities in Singapore?

Candidates pursuing MBA from NUS, Nanyang in Singapore can expect a salary package of around INR 60 to 90 lakhs per annum.

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Questions related to

Get answers from students and experts

Hello,

Hope you are doing great.

To answer your question To gain admission to the Computer Engineering program at the National University of Singapore (NUS), it is crucial to comprehend the admission criteria

JEE Mains Percentile:

The anticipated JEE Main Cutoff for 2024 across different categories is as follows:

General: 89+ percentile

EWS: 78+ percentile

OBC: 74+ percentile

SC: 44+ percentile

PwD: 0.11+ percentile¹.

A commendable percentile in JEE Mains 2024 falls within the range of 90-95 percentile³.

However, it is important to note that meeting the previous year's cutoff does not guarantee admission for the current year.

Hope this helps!!



Dear Aspirant,
Singapore is one of the best country across the world for Business and Finance Studies. Some of the best institutions for Masters of Business Adminstration (MBA) are as follows-
1. INSEAD
2. NUS (National University of Singapore)
3. Lee Kinf Chian School of Business
4. Manchester Business School
5. Nanyang Business School
6. ESSEC Global MBA
7. The Strathclyde MBA

You can visit the respective websites for details .

Hope this helps you !

Hello,

Yes you can! As long as your medical certification is from a recognised institution by the Singapore Medical Council, yo can apply to be allowed to practice in Singapore. Of course there will be a set of admin stuff you will have to complete before being allowed to practice here.

For practicing in in Singapore as a medical practitioner you must secure a job with hospitals, register with Singapore medical council and finally get accredited with Specialists Accreditation Board (SAB)  registration if you are practising as a specialist.

Alternatively, if there is a hospital/Medical institution willing to hire you, they can complete the procedutes on your behalf which will be much more convinient for you.


Hope this helps!!!

Dear Aspirant,

There are many colleges that accept students without the said exams but make sure you have your transcripts ready- LORs, projects/internships/Volunteering certificates, Statement of Purpose, Essays, Extra-curricular activities. These things are a must when trying to apply for colleges abroad.

Colleges in the US:

https://yocket.in/blog/universities-that-dont-require-sat-act-3527

There are 08 top Australian Universities which follow the above given criteria in order to exempt international students from submitting IELTS scores for admission. They are as follows:

  • UNSW
  • University of Adelaide
  • University of Queensland
  • University of Southern Queensland
  • Macquarie University
  • University of South Australia
  • Swinburne University of Technology
  • Bond University

Most of the colleges in Australia require an IELTS test score but have been waived off only on a case by case basic which is entirely judged. Many a times they have also waived it off if the students have completed their education in english medium.

Colleges in Singapore:

  • Nanyang Technological College
  • National college of Singapore
  • Singapore Management University

Singapore also has numerous centres of internationally acknowledged universities like Duke University, University of Chicago, Booth Graduate School of Business, University of Nevada Las Vegas, and SP Jain Centre of Management.

Colleges in Canada:

  • University of Saskatchewan
  • Brock University
  • Carleton University
  • University of Winnipeg
  • University of Regina
  • Memorial University
  • Concordia University

Hope this helps!




Hello,

Designing is an upcoming and demanding field and is gaining recognition faster than ever. Studying abroad does seem desirable but it is not entirely different from studying in your own country. Several Indian institutes ,not just NID offer amazing designing programs. Many Institutes in India have tie-ups with international universities and study abroad programs which will give you the exposure required for an undergraduate degree.

Studying abroad for an UG degree also requires a lot of capital ,so instead of spending that money for UG , you can save up for PG/higher studies abroad which will be of much more use. As long as you choose study and work hard, choose a good college with experiential learning then from where you study NID or NAFA or Lasalle or UAL it doesn't matter.


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A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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