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MBA in Singapore – Best Colleges, Fees, Eligibility & Scope

Updated on 05 April, 2025

Bulbul Sharma

Bulbul Sharma

Manager- Content @upGrad

An MBA in Singapore is gaining global recognition due to its high-quality education, strong industry ties, and excellent career prospects. With top-ranked universities, a strategic location in Asia, and a business-friendly environment, Singapore is an attractive destination for international students looking to advance their careers in finance, technology, consulting, and entrepreneurship.

This guide covers everything you need to know about pursuing an MBA in Singapore, including top universities, tuition fees, post-MBA salaries, popular specializations and job opportunities.

Key Highlights of MBA in Singapore

Feature Details
Top Universities NUS,  SMU, INSEAD Singapore
Course Duration 12-24 months
Average Tuition Fees SGD 45,000 to SGD 80,000 (INR 27 to 48 lakhs) per year
Post-MBA Salary SGD 80,000 – SGD 150,000 per year
Popular Specializations Finance, Marketing, Business Analytics, Entrepreneurship
Work Opportunities Strong job market with global companies and start-ups
Student Visa Fee
  • SGD 30 (INR 1,912) for application
  • SGD 60 (INR 3,823) for issuance
Visa & PR Benefits Work visa opportunities post-graduation

MBA in Singapore – Overview

Pursuing an MBA in Singapore offers a chance to gain a top-quality business education, build strong industry connections, and access excellent job opportunities. Singapore is home to globally recognized business schools and provides a dynamic learning environment with exposure to diverse markets.

Why Choose Singapore for an MBA?

Following are the reason why Singapore is an ideal destination for studying an MBA,

  • World-class business schools – Singapore is home to some of the top MBA colleges globally, such as INSEAD, NUS Business School, and NTU.
  • Strong networking and career opportunities – The country’s strategic location and business-friendly environment provide excellent job prospects for graduates.
  • Flexible curriculum with practical exposure – Many MBA colleges in Singapore offer industry-relevant courses with internships and global exposure.
  • High ROI and competitive salaries – Singapore’s top MBA colleges offer lucrative job placements, making it an excellent choice for international students, including Indians.
  • Culture in Singapore -  Singapore is a modern, innovative city that preserves its rich traditions. Its linguistic diversity and multicultural food scene, known for affordable, high-quality hawker stalls, create a welcoming environment for international students.

Did You Know? 

  • Singapore has a work-study culture, allowing international students to work up to 16 hours per week while pursuing their MBA!
  •  Singapore ranks as the safest country in Asia, with ultra-low crime rates, making it a stress-free destination for international students!

Types of MBA Programs in Singapore

  • Full-Time MBA – Ideal for students seeking an immersive learning experience at the best universities in Singapore for an MBA.
  • Part-Time MBA – Designed for working professionals who want to upskill while continuing their jobs.
  • Executive MBA – Tailored for senior professionals looking to enhance leadership skills.
  • Online MBA – A flexible option for those who prefer remote learning from top MBA colleges in Singapore.
  • STEM MBA – A specialized program integrating technology and business, popular among those pursuing an MBA in Singapore for Indian students.

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Top MBA Universities in Singapore

Singapore is home to several prestigious universities offering MBA programs recognized globally. Below is a list of top-ranked institutions, their QS Global MBA Rankings for 2025, and their average tuition fees:​

B-School (University Name) QS Global MBA Rank 2025 Tuition Fees
NUS Business School (National University of Singapore - NUS) 25th globally, 1st in Asia

INR 63 Lakhs 

(SGD 99,190)
Nanyang Business School (Nanyang Technological University - NTU) 3rd in Asia

INR 70 Lakhs

 (USD  81,750)
Lee Kong Chian School of Business (Singapore Management University - SMU) 5th in Asia

INR 52 Lakhs 

(SGD 81,750)
INSEAD Business School (INSEAD Asia Campus) =11th globally

INR 96 Lakhs 

(EUR 103,500)
S P Jain School of Global Management (S P Jain School of Global Management) #251+

INR 35 Lakhs 

(USD 41,010)
James Cook University Singapore Top B-Schools

INR 26 Lakhs 

(SGD 41,529)
Management Development Institute of Singapore (MDIS) Top B-Schools

INR 18 Lakhs

 (SGD 27,864)
Curtin Singapore (Curtin University - Australia) Top B-Schools

INR 26 Lakhs 

(SGD 40,548)

​Please note that tuition fees are approximate and subject to change. It's advisable to consult the respective university's official website for the most current information.

Recommended Read: Bachelor's Degree in Abroad

Eligibility Criteria for MBA in Singapore

Getting into a top MBA college in Singapore requires fulfilling specific academic and professional requirements. While criteria may vary by university, most MBA programs in Singapore emphasize academic excellence, relevant work experience, and strong test scores.

Educational Qualifications

  • A bachelor’s degree from a recognized institution is mandatory.
  • Minimum GPA requirements vary but typically range between 3.0–3.5 (on a 4.0 scale) for competitive programs.

Work Experience Requirement

  • Most full-time MBA programs in Singapore prefer candidates with 2-5 years of work experience.
  • Executive MBA programs typically require 8-10 years of professional experience.
  • Some universities accept fresh graduates, but work experience is an advantage.

GMAT/GRE Scores

  • A GMAT score (typically 600–750) is required for admission to top MBA colleges in Singapore.
  • Some universities accept GRE scores as an alternative.
  • Several MBA colleges in Singapore offer GMAT waivers based on academic performance or professional experience.

English Language Proficiency Tests

  • Non-native English speakers must take TOEFL (90–110) or IELTS (6.5–7.5).
  • Students from English-speaking countries or those with prior education in English may receive exemptions.

People Also Read: Documents Required to Study Abroad: A Complete List

Admission Process for MBA in Singapore

Pursuing an MBA in Singapore requires a structured application process. Whether applying to top MBA colleges in Singapore or specialized programs, following these steps will ensure a smooth admission journey.

Step 1: Research and Shortlist Universities

  • Explore MBA colleges in Singapore based on rankings, curriculum, and career prospects.
  • Consider factors like tuition fees, ROI, and networking opportunities.

Step 2: Take GMAT/GRE and English Proficiency Tests

  • Most universities in Singapore for MBA require GMAT or GRE scores.
  • Non-native English speakers must take TOEFL or IELTS to meet language requirements.

Step 3: Prepare Application Documents

Step 4: Submit Online Applications

  • Apply through the official portals of Singapore MBA colleges before the deadlines.

Step 5: Attend Interviews (if required)

  • Some top MBA colleges in Singapore conduct personal or video interviews.

Step 6: Receive Admission Offer and Accept

  • Upon receiving an offer, confirm enrollment and complete necessary formalities.

Recommended Read: Masters in Abroad

Top MBA Specializations in Singapore

Choosing the right specialization is crucial for career growth. An MBA in Singapore offers diverse specializations tailored to industry demands and global business trends. Here are some of the most sought-after fields:

  • Finance – Ideal for careers in investment banking, corporate finance, and asset management.
  • Marketing – Focuses on branding, consumer behavior, and digital marketing strategies.
  • Business Analytics – Equips professionals with data-driven decision-making skills.
  • Entrepreneurship – Designed for aspiring business owners and startup leaders.
  • Information Technology (IT) – Bridges business strategy with technological innovations.
  • Healthcare Management – Prepares leaders for roles in hospital administration and healthcare consulting.

 Study MBA abroad without IELTS under INR 10L! Watch now

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Cost of Studying MBA in Singapore

Understanding the MBA in Singapore fees for Indian students is essential for financial planning. Singapore is a top destination for higher education, offering world-class MBA programs with a strong return on investment. 

This section provides a breakdown of tuition fees, living expenses, and other costs, helping students budget effectively. All figures are listed in INR for better clarity.

Tuition Fees at Top Business Schools

  • Tuition fees at Singapore MBA colleges range from INR 27 Lakhs – 48 Lakhs, depending on the university.
  • Top MBA colleges in Singapore, such as NUS, NTU, and INSEAD, have higher fees but offer excellent career prospects.

Living Expenses

  • Accommodation, food, and transport in Singapore cost approximately INR 10 Lakhs – 18 Lakhs per year.
  • Expenses vary based on lifestyle and choice of housing.

Other Costs

  • Application Fees: INR 5,000 – 15,000 per university.
  • Student Visa Fees: Around INR 5,000 – 10,000.
  • Health Insurance: Costs INR 15,000 – 50,000 annually.

Scholarships and Financial Aid for MBAs in Singapore

Pursuing an MBA in Singapore can be financially demanding, but several scholarships and financial aid options help international students manage costs. Below is a table outlining the top MBA scholarships in Singapore, including their eligibility and benefits.

Scholarship Name Offered By Eligibility Benefits
NUS MBA Scholarships NUS Business School Merit-based Tuition fee waiver, stipend
Nanyang Business School Scholarships Nanyang Technological University (NTU) High academic performance Partial tuition fee waiver
INSEAD Singapore Scholarships INSEAD Asia Campus Merit, need-based, and leadership potential Partial tuition fee waiver
SMU Lee Kong Chian School of Business Scholarships Singapore Management University (SMU) Merit-based Financial aid, tuition coverage
QS Leadership & QS Community Scholarships QS Leadership and social impact Up to USD 10,000 towards tuition

Also Read: Fully Funded Scholarships in Singapore for International Students

Job Opportunities & Salary After MBA in Singapore

An MBA in Singapore opens doors to lucrative job opportunities across various industries. The country’s thriving business environment, strategic location, and strong corporate presence make it an ideal destination for MBA graduates.

Job Role Approximate Salary (SGD) Approximate Salary (INR)
Management Consultant SGD 60K - SGD 96K INR 38.2L - INR 61.2L
Investment Banker SGD 1L - SGD 2L INR 63.7L - INR 1.27Cr
Product Manager SGD 72K - SGD 1L INR 45.9L - INR 63.7L
Marketing Manager SGD 60K - SGD 84K INR 38.2L - INR 53.5L
Financial Analyst SGD 48K - SGD 72K INR 30.5L - INR 45.9L
Operations Manager SGD 48K - SGD 84K INR 30.5L - INR 53.5L
Human Resources Manager SGD 60K - SGD 84K INR 38.2L - INR 53.5L
Supply Chain Manager SGD 1.2L - SGD 1.6L INR 76.4L - INR 1.01Cr

Top Industries Hiring MBA Graduates in Singapore

Graduates from top MBA colleges in Singapore find employment in multiple sectors, including:

  • Consulting – McKinsey, BCG, Bain & Company
  • Finance – DBS, JP Morgan, Goldman Sachs
  • Technology – Google, Microsoft, Amazon
  • Healthcare – Novartis, GSK, Johnson & Johnson
  • FMCG – Unilever, P&G, Nestlé

People Also Read about Part time jobs in Singapore 

Work Visa Options Post-MBA

International students who complete an MBA in Singapore can apply for the following work visas:

  • Employment Pass (EP) – For managerial and executive roles with a minimum monthly salary of SGD 5,000 (~INR 3.2L).
  • S Pass – For mid-skilled jobs requiring a monthly salary of SGD 3,150 (~INR 2L).
  • EntrePass – For those starting their own business in Singapore.

More articles about Singapore:

Study in Singapore with upGrad 

Planning to study in Singapore and pursue an MBA in Singapore? upGrad Abroad offers expert guidance to help you choose the right MBA program and university. From personalized consultations to application assistance, we support you at every step of the admission process.

Start your journey towards a world-class MBA in Singapore with upGrad Abroad today!

FAQs

What are the food options for MBA students in Singapore?

Singapore offers diverse food options, from budget-friendly hawker centers to high-end restaurants. Most universities have campus cafeterias with international cuisines.

How feasible is an MBA from Singapore?

An MBA from Singapore is highly feasible due to its globally recognized institutions, shorter course durations (1–1.5 years), and strong industry connections. The country’s business-friendly environment, high employability rates, and strong economy make it a great option for international students, including Indians.

Are there any MBA programs in Singapore that accept GRE scores instead of GMAT?

Yes, many top MBA colleges in Singapore accept GRE scores as an alternative to GMAT. Some of the leading business schools that accept GRE include:

  • NUS Business School (National University of Singapore - NUS)
  • Nanyang Business School (Nanyang Technological University - NTU)
  • Lee Kong Chian School of Business (Singapore Management University - SMU)
  • INSEAD Asia Campus
  • ESSEC Business School (Asia-Pacific Campus)

Can international students work while studying for an MBA in Singapore?

Yes, international students on a Student Pass can work part-time for up to 16 hours per week during the academic term and full-time during vacations.
Common job opportunities include:

  • Research assistants & teaching assistants at universities
  • Internships with companies
  • Freelancing (if permitted by the university)

How can I get financial aid for an MBA in Singapore?

There are several financial aid options available for international students, including:

  • University Scholarships – Offered by NUS, NTU, SMU, and INSEAD
  • Government Grants & Subsidies – Singapore Government Scholarships for international students
  • Private & Corporate Scholarships – QS Leadership Scholarship, Lee Kuan Yew Scholarship
  • Education Loans – Banks in India and Singapore offer study loans with competitive interest rates

What are some daily expenses in Singapore?

On average, a student’s daily expenses in Singapore include:

  • Meals at hawker centers: SGD 5 – SGD 10 (INR 320 – INR 640).
  • Public transport: SGD 2 – SGD 5 (INR 127 – INR 320) per ride.
  • Coffee: SGD 3 – SGD 6 (INR 191 – INR 382).
  • Internet & phone bill: SGD 30 – SGD 50 (INR 1.9K – INR 3.2K) per month.

How can I apply for NUS Singapore from India?

To apply for NUS Business School from India:

  • Step 1: Meet eligibility requirements (Bachelor’s degree, GMAT/GRE, work experience).
  • Step 2: Prepare necessary documents (SOP, LORs, resume, transcripts).
  • Step 3: Take GMAT/GRE and English proficiency tests (TOEFL/IELTS).
  • Step 4: Submit an online application via the official NUS website.
  • Step 5: Attend an interview (if shortlisted).
  • Step 6: Receive an admission decision and accept the offer.

What is the acceptance rate of Nanyang Business School (NTU)?

The acceptance rate at NTU’s Nanyang Business School is approximately 32–40%. It is highly competitive, requiring a strong academic record, GMAT/GRE scores, relevant work experience, and a well-crafted application.

What are the job prospects after completing an MBA from Singapore?

Singapore is a global business hub, offering excellent job opportunities for MBA graduates, especially in:

  • Consulting – McKinsey, BCG, Bain, Accenture
  • Finance – Goldman Sachs, J.P. Morgan, DBS Bank
  • Technology – Google, Microsoft, Amazon, Grab
  • Healthcare & Pharma – GSK, Johnson & Johnson, Novartis

MBA graduates in Singapore can expect salaries ranging from SGD 60,000 – SGD 150,000 (INR 38L – INR 95L) per year, depending on the industry and specialization.

Can I get a 100% scholarship for an MBA in Singapore?

Yes, some business schools in Singapore offer full scholarships to outstanding international students. However, these are highly competitive and typically awarded based on academic excellence, leadership potential, and work experience. Some options include:

  • NUS MBA Scholarships (Merit-based)
  • INSEAD Singapore Scholarships
  • Nanyang Business School Scholarships

Does INSEAD Singapore accept Indian students?

Yes, INSEAD Singapore welcomes Indian students and applicants from diverse backgrounds worldwide. INSEAD has a strong Indian alumni network, and many Indian students enroll in its MBA, Executive MBA, and other business programs each year.

References: 

  • QS Ranking 2025 for MBA Colleges
  1. NUS Business School (National University of Singapore - NUS): https://www.topuniversities.com/universities/national-university-singapore-nus/nus-business-school
  2. Nanyang Business School (Nanyang Technological University - NTU): https://www.topuniversities.com/mba-rankings/asia
  3. Lee Kong Chian School of Business (Singapore Management University - SMU):https://www.topuniversities.com/mba-rankings/asia
  4. INSEAD Business School (INSEAD Asia Campus): https://www.topuniversities.com/universities/insead
  5. S P Jain School of Global Management (S P Jain School of Global Management):https://www.topuniversities.com/universities/s-p-jain-school-global-management
  • Average Tuition Fees for top colleges in Singapore 
  1. NUS Business School (National University of Singapore - NUS): https://mba.nus.edu.sg/admissions-and-funding/
  2. Nanyang Business School (Nanyang Technological University - NTU): https://www.ntu.edu.sg/business/admissions/graduate-studies/nanyang-mba/admissions/fees-funding
  3. Lee Kong Chian School of Business (Singapore Management University - SMU): https://masters.smu.edu.sg/programme/master-of-business-administration 
  4. INSEAD Business School (INSEAD Asia Campus): https://www.insead.edu/master-programmes/master-business-administration/financing
  5. S P Jain School of Global Management (S P Jain School of Global Management): https://www.spjain.org/programs/postgraduate/gmba/fees-oct-2025
  6. James Cook University Singapore: https://www.jcu.edu.sg/courses-and-study/fees
  7. Management Development Institute of Singapore (MDIS): https://www.mdis.edu.sg/master-of-business-administration
  8. Curtin Singapore (Curtin University - Australia): https://curtin.edu.sg/courses/postgraduate/master-of-business-administration-mba/mba-business-administration-specialisation/
  • Job Opportunities & Salary After MBA in Singapore
  1. Management Consultant: https://www.glassdoor.co.in/Salaries/singapore-singapore-management-consultant-salary-SRCH_IL.0,19_IM1123_KO20,41.htm
  2. Investment Banker: https://www.glassdoor.co.in/Salaries/singapore-singapore-investment-banking-analyst-salary-SRCH_IL.0,19_IM1123_KO20,46.htm
  3. Product Manager: https://www.glassdoor.co.in/Salaries/singapore-product-manager-salary-SRCH_IL.0,9_IM1123_KO10,25.htm
  4. Marketing Manager: https://www.glassdoor.co.in/Salaries/singapore-singapore-marketing-manager-salary-SRCH_IL.0,19_IM1123_KO20,37.htm
  5. Financial Analyst: https://www.glassdoor.co.in/Salaries/singapore-singapore-financial-analyst-salary-SRCH_IL.0,19_IM1123_KO20,37.htm
  6. Operation Manager: https://www.glassdoor.co.in/Salaries/singapore-singapore-operations-manager-salary-SRCH_IL.0,19_IM1123_KO20,38.htm
  7. Human Resources Manager: https://www.glassdoor.co.in/Salaries/singapore-singapore-hr-manager-salary-SRCH_IL.0,19_IM1123_KO20,30.htm
  8. Supply Chain Manager: https://www.morganmckinley.com/sg/salary-guide/data/supply-chain-manager/singapore

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Bulbul Sharma

Manager- Content @upGrad

Bulbul is a self-driven professional and an expert writer & editor. She has been a part of the ed-tech industry for the past 2 years now and is motivated to provide study abroad aspirants with factually correct and relevant information. Her knack for impactful writing makes her blogs worth a read!

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