Avg. Cost of Study
In recent years, there has been a growing trend among applicants worldwide to pursue Master’s in Management (MiM) programs in Asia. Countries like China, India, Singapore, Taiwan, the Philippines, and Japan provide accredited business master’s programs recognized by leading MiM accreditation agencies like AMBA, EQUIS, and AACSB. The increasing recognition of Asian business MSc and MiM programs by prestigious international ranking bodies, including the Financial Times, further highlights the region’s academic prowess.
On the other hand, Singapore, in particular, stands out as a prime destination for pursuing a MiM program. Renowned globally for its commitment to academic excellence, the country boasts a world-class education system and is home to some of the world’s most prestigious and highly-ranked MiM colleges.
Students embarking on a MiM journey in Singapore benefit immensely from its well-established networks, gaining access to a global community of professionals and opportunities. Studying for a MiM in Asia, especially in Singapore, offers a unique blend of diverse cultures, cutting-edge education, and unparalleled networking prospects.
General MiM programs provide an extensive educational curriculum that focuses on management concepts such as finance, marketing, human resources, and operations management. These programs are ideal for students who want to gain a strong foundation in management and develop a wide range of functional skills that are applicable across industries. General MiM programs typically last for one year and can be completed by graduates from any discipline.
Specialized MiM programs provide students with in-depth knowledge and expertise in a particular field of management, such as finance, marketing, or operations management. These programs are ideal for students who have a pre-determined career path in mind and want to gain the skills and knowledge they need to succeed in that field. Specialized MiM programs can last from one to two years, depending on the institution and the program structure.
Minimum Age Requirement – The applicants must meet a minimum age requirement of 21 years to be considered for the Masters in Management program in Singapore and Asia.
Good Academic Record – A prerequisite for admission to the Masters in Management program in Singapore and Asia is a Bachelor’s degree coupled with a minimum GPA of 3.0, reflecting a solid academic record as per the eligibility criteria.
English Language Proficiency-Demonstrating English language proficiency is imperative for applicants seeking entry into the MiM program in Singapore and Asia; this can be achieved by achieving a score of at least IELTS 6.5 or TOEFL iBT 80, per the eligibility criteria.
Standardized Test Score
While a GMAT score is not obligatory, it is advisable for applicants to consider submitting one as part of their application to the MiM program.
Statement of Purpose (SOP)
Crafting a well-structured Statement of Purpose (SOP) is a crucial aspect of the application process. This SOP should comprehensively cover your academic and professional history, motivations for pursuing the MiM degree, and your envisioned career aspirations, aligning with the program’s eligibility criteria.
Letters of Recommendation (LORs) – As part of the eligibility criteria for the MiM program in Singapore and Asia, applicants must submit two Letters of Recommendation (LORs) from either former employers or professors, offering insights into the candidate’s character, capabilities, and potential for success in the program.
Besides the eligibility criteria mentioned above, the applicants are required to submit the following documents as well along with their applications to the MiM program:
Avg. Cost of living
Avg. Living Cost
The average tuition fees for a Master’s in Management in Singapore and Asia range from around S$ 50,000 to S$ 120,000 per year. The cost will vary depending on the school, the program, and the specialization. For example, the tuition fees for a general MiM program at the National University of Singapore (NUS) are S$ 60,000 per year, while the tuition fees for a specialized MiM program in finance at INSEAD are S$ 100,000 per year.
The cost of living in Singapore and Asia is generally lower than in other developed countries. However, living in a major city will still be a significant expense. The average monthly living expenses for a student in Singapore are around S$ 2,000, including rent, food, transportation, and entertainment.
The visa charges for students studying in Singapore and Asia will vary depending on the country of origin. For example, students from India need to pay a visa application fee of S$ 300, while students from the United States need to pay a visa application fee of S$ 160.
The total cost of pursuing a MiM in Singapore and Asia will vary depending on the school, the program, the specialization, and the cost of living.
Government grants present a pivotal avenue of financial support for prospective candidates embarking on their MiM journey in Singapore and Asia. Noteworthy options like the Singapore Government Scholarship and the Malaysian Government Scholarship stand out, providing aspirants with a comprehensive package that covers tuition expenses and the often significant living costs associated with studying abroad. By easing the financial burden, these grants enable students to focus wholeheartedly on their academic pursuits, enriching their overall learning experience and fostering a thriving community of ambitious learners poised to make a meaningful impact in their future careers.
External funding serves as a valuable resource for individuals considering a MiM in Singapore and Asia. Several external organizations, including prominent entities like the Ford Foundation and the Rotary Foundation, extend financial support to MiM applicants. This support often includes scholarships, fellowships, or grants, creating diverse avenues for students to secure the necessary educational resources. By partnering with these external organizations, students gain access to opportunities that alleviate financial burdens and recognize and nurture their potential for contributing positively to their chosen field of study and the broader community.
Student loans emerge as a widely utilized avenue for funding a MiM degree. With numerous government and private lenders specializing in this area, students can access financial assistance that facilitates their educational pursuits. These loans provide a feasible means of covering tuition fees, travelling expenses, living expenses, and other educational costs. They offer a pragmatic solution to those seeking financial support for their MiM journey. Individuals can invest in their education and future prospects by opting for student loans while managing their financial commitments effectively.
Work-study initiatives emerge as an empowering option for students offering them the chance to contribute to their education financially. These programs enable students to earn income while studying, alleviating the financial burden of their academic journey. Typically structured as part-time positions within the campus or local community, work-study arrangements provide students with a valuable blend of hands-on experience and financial support. By engaging in these programs, students can develop practical skills, expand their networks, and bolster their resumes while ensuring a sustainable financial path towards achieving their MiM degree.
University scholarships serve as a significant avenue for financial assistance for individuals considering a MiM in Singapore and Asia. Across the academic landscape, many universities extend scholarships tailored for MiM applicants, presenting them with opportunities to ease the financial burden of their education. These scholarships can encompass a range of benefits, from covering the entirety of tuition fees to addressing living expenses or even combining both aspects.
Here the some of the scholarships that the applicants can explore:
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Masters in Management graduates in Singapore and Asia are in high demand, with many top companies vying to hire them. The strong employment prospects for MIM graduates are due to the region’s high demand for skilled business leaders. Asia is one of the fastest-growing economies in the world, and there are many opportunities for MiM graduates to work in banking, finance, and consulting.
Here are some of the top companies that look for Masters in Management graduates in Singapore and Asia:
If you are an international student who is interested in pursuing a MiM degree in Singapore or Asia, you will need to apply for a visa. The type of visa you need depends on your nationality and the length of your stay. International students need to apply for a student pass in order to pursue their MiM degree.
A student pass is a visa that allows international students to study in Singapore for a period of more than six months. Students who are enrolled in a full-time Master’s in Management program at a recognized university in Singapore are eligible to apply for a student pass.
Moreover, you need to provide the following documents to apply for a student pass:
The application process for a student pass can take several weeks, so it is important to start the process early. You can apply for a student pass online or at the Singapore Immigration and Checkpoints Authority (ICA) office in your home country.
In case your application is approved, you will be issued a student pass. This student pass would allow you to stay in Singapore for the duration of your studies. You will also need to renew your student pass every year.
After you graduate from your MiM program, you may be eligible to stay in Singapore on a post-study work visa; this visa allows you to work in Singapore for up to six months after you graduate. If you find a job willing to sponsor your work visa, you can stay in Singapore longer.
The student pass is a valuable visa for international students who want to study in Singapore. It allows you to live and study in a vibrant and cosmopolitan city and allows you to network with top employers in the region. With careful planning, you can successfully obtain the visa you need to pursue your MiM degree in Singapore or Asia.
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|1||National University of Singapore (NUS)||Master of Management (MM)||SGD$50,000 per year||Full-time||Singapore|
|2||Singapore Management University (SMU)||Master of Management (MM)||SGD$60,000 per year||Full-time||Singapore|
|3||Nanyang Technological University, Singapore (NTU)||Master of Management (MM)||SGD$55,000 per year||Full-time||Singapore|
|4||INSEAD||Master in Management (MiM)||SGD$120,000 per year||Full-time||Singapore, France, Abu Dhabi|
|5||ESSEC Business School||Master in Management (MiM)||SGD$100,000 per year||Full-time||Singapore, France|
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Pursuing a MiM program in Singapore and Asia can provide exposure to dynamic and rapidly growing economies. It can offer networking opportunities, cultural diversity, and connections with regional industries. Singapore, in particular, is known for its vibrant business environment and strong ties to various sectors in Asia
Yes, many MiM programs in Singapore and Asia are taught in English, as English is often the primary language of instruction in the business and academic sectors.
You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).
Graduates of MiM programs can pursue various career paths, including roles in consulting, marketing, finance, operations, and general management. The programs are designed to equip students with the skills needed to excel in entry-level managerial positions.
You can start by researching universities and business schools in Singapore and Asia that offer MiM programs. Look into their program details, admission requirements, faculty profiles, and alumni outcomes. Additionally, attend virtual or physical education fairs, and connect with current students or alumni to gain insights.