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Top MiM Programs in Singapore & Asia: 2024

Table of Content

660

Avg. GMAT

25

Avg. Age

S$ 80K

Avg. Cost of Study

12-24

Months Duration 

S$ 85K

Avg. Salary

Introduction to MiM in Singapore & Asia

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.

Is it worth pursuing MiM in Singapore or Asia?

An MiM in Singapore or Asia can be a game-changer for your career, but let’s see if it’s the right move for you.

Pros of Pursuing MiM in Singapore or Asia

  • Business Boot Camp: MiM programs equip you with core business knowledge in finance, marketing, operations, and strategy. This prepares recent grads or career switchers for that first management role.
  • Asian Edge: Many MiM programs here focus specifically on doing business in this dynamic region, perfect if you want to work in Asia’s booming economies.
  • Career Launchpad: An MiM degree can boost your resume and make you a stronger candidate for management positions.
  • Global Connections: Top universities in Singapore and Asia attract students and faculty from all over, allowing you to build a valuable international network.
  • Faster Track: Compared to an MBA, MiM programs typically take 1-1.5 years, letting you enter the workforce quicker and potentially see a return on investment sooner.

Things to Consider

  • Cost Factor: Tuition fees for MiM programs in Singapore and Asia can be high. Explore scholarships, financial aid, and potential return on investment (ROI) before diving in.
  • Experience Matters: While some programs welcome recent grads, others might prefer applicants with some work experience under their belt.
  • Specialization Focus: MiM programs may offer less specialization compared to an MBA. If you have a specific career path in mind, an MBA with a focused track might be a better fit.

Make an Informed Decision

  • Career Goals First: Choose a MiM program that aligns with your long-term career aspirations.
  • Experience Check: Evaluate your current experience level and how a MiM program can bridge any gaps in your desired career path.
  • Money Matters: Carefully consider program costs, living expenses, and potential career advancement opportunities for a good ROI analysis.
  • Program Deep Dive: Research specific programs to understand their curriculum, industry connections, and career placement data.

Resources to Help You Decide

The choice of pursuing a MiM in Singapore or Asia is ultimately a personal one based on your unique circumstances and career goals. By carefully weighing the pros and cons, researching programs thoroughly, and understanding your financial situation, you can make an informed decision that propels your career forward.

Types of MiM Offered in Singapore & Asia

General MiM 

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

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.

MiM Eligibility Criteria for Singapore & Asia

Minimum Age RequirementThe 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 RecordA 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 or GRE 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.

Documents Required

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: 

  • Medical certificate
  • Police Clearance Certificate
  • Proof of accommodation
  • Travel medical insurance
  • Proof of Funds

Is GRE or GMAT required for MiM in Singapore & Asia?

GRE and GMAT are standardized tests required by many graduate schools for admission. However, whether it’s required for Masters in Management (MiM) programs in Singapore and other parts of Asia isn’t a straightforward answer. It fluctuates from one institution to another.

While some universities may not require a test score for admission, others may recommend it, especially if you have a non-traditional academic background or if the program you’re applying to is highly competitive.

It’s critical to thoroughly research the admission requirements of each university and specific MiM program you’re considering. This will ensure you gather all necessary materials and are adequately prepared for the application process.

*Tip: Always check the specific requirements of each program you’re interested in to avoid overlooking any critical components.

Top MiM Colleges in Singapore & Asia 2024

1. ESSEC Business School

The ESSEC Business School Master in Management (MIM) program is available in two separate tracks, each specifically designed to meet the individual requirements and ambitions of our students. Throughout your academic pursuits, you will have the opportunity to chart your own professional trajectory, assuming the role of an enterprising individual in charge of your own educational voyage, exploring any of the program’s 50 specialized areas of focus. You have the opportunity to volunteer and actively participate in any of our numerous student associations and alumni clubs that are committed to improving the world.

2. Singapore Management University (SMU)

Singapore Management University (SMU), established in 2000 in Singapore’s city center, is renowned for its unique, rigorous academic programs emphasizing experiential learning and industry engagement. SMU cultivates critical thinking, communication skills, and global perspectives among students. Its interactive classes, strong industry partnerships, and focus on internships equip graduates for professional demands. With its diverse community and plethora of cultural and extracurricular activities, SMU offers a comprehensive and transformative educational experience.

 

3. INSEAD

INSEAD, a globally recognized business school with campuses in France, Singapore, and Abu Dhabi, was established in 1957. Known for its rigorous curriculum, diverse student body, and a focus on cultural intelligence, entrepreneurship, and leadership, it offers a unique, accelerated 10-month MBA program. This prepares graduates to excel in the ever-changing global business landscape. Its extensive alumni network enhances opportunities for graduates, reinforcing INSEAD’s reputation in business education.

 

4. IIM Bangalore

The Indian Institute of Management Bangalore (IIMB) is one of the leading business schools in India and the world. It is known for its rigorous academic programs, world-class faculty, and strong alumni network.

The Master of Management Studies (Public Policy) at IIMB is a one-year postgraduate program that integrates public policy and general management skills into a single program. It was introduced in 2002 by the Centre for Public Policy (CPP), which was established by IIMB with initial support from the Department of Personnel and Training, the Government of India, and the United Nations Development Programme.

5. HKUST

The HKUST MIM is a one-year, pre-experience postgraduate degree for fresh graduates or those with less than two years of work experience who aim for international leadership roles.

Offered by the top-rated and triple-accredited HKUST Business School, the program distinctively focuses on Asia and its global network. It’s delivered by a world-class faculty with extensive experience in international business and offers a global exchange program with CEMS partner schools.

Students can earn a CEMS MIM degree, recognized globally for a successful international career, by completing the HKUST MIM program with CEMS qualification.

6. IQS/FJU/LMU

In our globally connected world, it’s crucial to train professionals for international scenarios. The Master in Global Entrepreneurial Management provides comprehensive training in international business environments. This degree equips you with the skills for executive roles in global companies, emphasizing innovation and entrepreneurial spirit. You will also develop leadership skills for multicultural teams, and negotiation and communication skills. Upon completion, you will be prepared to lead international companies and organizations.

7. SPJIMR

S. P. Jain Institute of Management & Research’s (SPJIMR) Post Graduate Diploma in Management (PGDM) is a two-year MBA equivalent. Accredited by AICTE, NBA, and AMBA, UK, it ranks among India’s top 10 programs. Financial Times ranks SPJIMR’s PGDM program #1 in India and #40 globally, with a top-tier career service. It aims to develop globally-minded, socially sensitive leaders through a blend of classroom learning and immersive experiences.

8. Tsinghua University

The Tsinghua MiM program, the first in China, targets pre-experienced undergraduates, developing their analytical and leadership skills for key roles in various sectors. It offers challenging courses in English and Chinese. In 2011, Tsinghua SEM joined the Global Alliance in Management Education (CEMS), becoming the only mainland China school with full CEMS membership. Successful CEMS curriculum students receive a CEMS diploma, and qualified MiM students can join the Tsinghua SEM-HEC MiM Dual Degree Program.

9. Tongji University

Tongji SEM’s MGM program prepares international graduates for global leadership in business. This two-year, English-taught program offers practical skills, industry exposure, and dual degree options for a well-rounded global education. Focuses on both international management and the Chinese economy.

MiM Duration in Singapore & Asia

The duration of MiM programs in Singapore and Asia can vary depending on the institution and program structure. Here’s a breakdown to give you an idea:

Singapore

  • Typically, MiM programs in Singapore are full-time and designed to be completed in 12 months (1 year).
  • Some institutions might offer accelerated or part-time options that extend the program length.

Asia

Across Asia, program lengths can show slight variations:

  • 10-12 months: This is a common range for full-time MiM programs in countries like Hong Kong (e.g., HKUST MMSc program) and some institutions in India.
  • 15-18 months: Some programs, particularly those with internship components or a more in-depth curriculum, might extend to 1.5 years. An example is Fudan SOM’s MiM program in China, which is 16 months.
  •  

Here are some resources to explore specific program lengths

*Tip: When researching specific programs, always check their official website for the most up-to-date information on program duration and available formats (full-time, part-time, accelerated).

MiM Tuition Fees & Living Expenses in Singapore & Asia

S$ 60,000

Avg. Cost of living

S$ 22,000

Avg. Living Cost

80,000

Avg. Cost of Study

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.

MiM Scholarships in Singapore & Asia

Masters in Management in Singapore & Asia - Ameerkhatri.com - - - Masters in management in asia and singapore

Although, pursuing a MiM in Singapore or Asia seems like a lucrative option, financing your MiM could be daunting. That is why a number of financial aid programs from Government Grants to Work-Study programs are available to help students finance their MiM education:

Government Grants

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

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

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

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.

Scholarships

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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MiM Admission Process in Singapore & Asia

Gaining admission into a Master of Management (MiM) program in Singapore or Asia can be the key to a successful career. Here’s a breakdown of the typical admission process to help guide you through the application journey:

Preparing for Applications:

  • Online Application: Most universities use online portals for application submissions. Make sure to create a strong first impression!
  • Academic Credentials: Have your official transcripts from all your past academic experiences ready.
  • Work Experience (Optional): Any relevant work experience can be highlighted in an updated CV or resume.
  • Standardized Tests (May Be Required):
    • GRE or GMAT: Not all programs require these tests. Some universities in Singapore and other Asian countries (especially India) might recommend or require them for applicants from a non-business background or for highly competitive programs. Check each program’s website for specific requirements.
  • Letters of Recommendation: Strong recommendations from professors, supervisors, or professional contacts can boost your application.
  • Statement of Purpose (SOP): Use this opportunity to share your story – your motivations for pursuing an MiM, your career aspirations, and how the program aligns with your goals.
  • Additional Work Experience (Optional): While not always necessary, relevant work experience can give you an edge, especially in programs targeting professionals. However, recent graduates with strong academic records can still be competitive.

Going Above and Beyond:

  • Interview Preparation: If shortlisted, be ready! Familiarize yourself with the university and program. Practice your interview skills and prepare to discuss your goals, motivations, and why you’re a good fit for the program.
  • English Language Test: If English isn’t your first language, you may need to submit TOEFL or IELTS scores to demonstrate your proficiency.

Top Tips for Success:

  • Research: Each program has its own admission requirements. Check the “Admissions” section on the program’s website for detailed information.
  • Highlight Your Strengths: Your application materials should showcase your academic achievements, any relevant work experience, and transferable skills.
  • Craft a Persuasive SOP: Your statement of purpose is your chance to stand out. Clearly articulate your career goals and how the MiM program will help you achieve them.
  • Interview Preparation: Research and practice! Be ready to discuss your motivations, goals, and why you’re the right fit for the program.

By understanding the admission process, tailoring your application materials, and presenting yourself effectively, you’ll be on your way to securing a spot in an MiM program in Singapore or Asia.

Average Salary after MiM in Singapore & Asia

91%

Employed within 3 months of graduation

85-90K

Avg. Salary

Most Sought After Jobs     

       Business Development Manager

Human Resource Manager

Public Relations Manager

Management Consultant

Development Manager

Social Media Manager

Marketing Manager

Project Manager

Sales Manager

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:

  • Accenture
  • Boston Consulting Group (BCG)
  • McKinsey & Company
  • Morgan Stanley
  • Goldman Sachs
  • JPMorgan Chase
  • DBS Bank
  • Maybank
  • Citibank

Visa & Stay Prospects for MiM in Singapore & 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:

  • A valid passport
  • A letter of admission from your university
  • A financial statement showing that you have enough money to support yourself during your studies
  • A medical certificate
  • A police clearance certificate

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.

FAQs about MiM in Singapore and Asia

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.

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