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Ameer Khatri MBA Consultant
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MBA in Singapore and Asia

August 30, 2023

650

Avg. GMAT

28

Avg. Age

$ 73K

Avg. Cost of Study

15

Avg. Months Duration 

$ 65K – 80K

Avg. Salary

Table of Contents

Why Study MBA in Singapore and Asia

MBA programs in Asia, including Singapore, have gained significant prominence over the years due to the region’s rapid economic growth and increasing global influence. Singapore, in particular, has emerged as a top destination for MBA seekers, attracting students from all around the world. Renowned universities and business schools in Singapore offer diverse MBA specializations, cutting-edge curriculum, and a culturally diverse learning environment, making it an attractive choice for both local and international students. The city-state’s strategic location as a hub for business and finance in Southeast Asia provides ample networking opportunities and access to thriving industries, making it an excellent platform for MBA graduates to advance their careers in the region and beyond.

Asia is the fastest-growing region globally, driven by factors like a growing middle class, rising incomes, and urbanization. This growth provides numerous business opportunities, making MBA graduates with knowledge of the Asian market highly sought after. Asian businesses expanding globally seek international talent with the necessary skills and experience. An MBA from a top Asian business school enhances your prospects of securing a job with leading companies in Asia or worldwide Business education in Asia is on par with the best global business schools. Many Asian business schools rank among the top 100 worldwide and offer diverse MBA programs.

Global Economic Hub:

  • Asia is a rapidly growing economic region with emerging markets and business opportunities.
  • Singapore, a strategic location in Asia, serves as a gateway to regional and global markets.

Diverse Business Environment:

  • Asia offers diverse industries and markets, providing rich learning experiences for MBA students.
  • Singapore’s multicultural society and business landscape foster cross-cultural skills and global perspectives.

Leading Business Schools:

  • Top-notch business schools in Asia offer reputable MBA programs, attracting world-class faculty and students.

Networking Opportunities:

  • Asia’s strong business networks create valuable connections for career growth and entrepreneurship.
  • Singapore’s vibrant business ecosystem hosts conferences, events, and networking opportunities for MBA students.

Innovation and Entrepreneurship:

  • Asia’s dynamic environment encourages innovation and entrepreneurial ventures.
  • Singapore’s supportive policies and resources make it an ideal place to launch startups and engage in innovation.

Types of MBA Offered in Singapore and Asia

There are many different types of MBA programs offered in Asia and Singapore. Some of the most common types include:

  • Full-time MBA programs
  • Part-time MBA programs
  • Executive MBA programs
  • Online MBA programs
  • Accelerated MBA programs

In addition to these common types of MBA programs, there are also a number of specialized MBA programs available, such as:

  • Finance MBA programs: 
  • Marketing MBA programs
  • Entrepreneurship MBA programs
  • Data analytics MBA programs

 

Program Costs + Living Expenses : MBA in Singapore and Asia

$60,000 

Avg. Tuition Fee

$12,000

Avg. Living Cost

$500 

Avg. Visa Charges

72,500

Avg. Cost of Study

The cost of an MBA program in Asia varies depending on the program and location. However, the average tuition fees for an MBA program in Asia range from $50,000 to $90,000 USD.

The average living expenses for an international student in Asia range from $10,000 to $15,000 USD per year. This includes rent, food, transportation, and other miscellaneous expenses. The visa charges for an international student in Asia vary depending on the country. However, they typically range from $100 to $500 USD.

In addition to the tuition fees, living expenses, and visa charges, there are a few other factors to consider when budgeting for an MBA program in Asia. These include the cost of textbooks and other course materials, the cost of travel and accommodation for study trips, the cost of health insurance, and the cost of entertainment and socializing.

Eligibility Criteria : MBA in Singapore and Asia

  • Completed Application Form: A filled-out application form provided by the institution.
  • Transcripts: Official transcripts from all colleges/universities attended.
  • Bachelor’s Degree Certificate: Proof of completing a bachelor’s degree from a recognized institution.
  • Resume/CV: A detailed summary of your educational and professional background.
  • Letters of Recommendation: Usually 1-2 letters from professors or employers who can attest to your abilities.
  • Statement of Purpose (SOP): A written statement explaining your motivations, career goals, and reasons for pursuing an MBA.
  • Entrance Exam Scores: GMAT or GRE scores, if required by the program.
  • Language Proficiency Scores: TOEFL or IELTS scores to demonstrate English language proficiency for non-native speakers.
  • Work Experience Documents: Proof of relevant work experience, such as reference letters or employment certificates.
  • Passport-sized Photographs: Typically, recent passport-sized photos for identification.
  • Application Fee: A non-refundable fee to cover the application processing costs.

Please be aware that specific requirements can vary between institutions, so it’s important to check the application guidelines of the MBA programs you’re interested in.

Scholarships Available : MBA in Singapore and Asia

INSEAD Witt Scholarship for South East Asia

Candidates hailing from Southeast Asia (excluding Singapore) with proven financial need and exceptional abilities are eligible for this scholarship. The scholarship will fully cover the tuition fees for the INSEAD MBA programme.

Chulalongkorn University Education and Research Scholarships

Students from across the globe who have secured admission to Chulalongkorn University’s Master of Public Administration (MPA) or Master of Business Administration (MBA) programs can apply for these scholarships. The awards include complete coverage of tuition fees, along with a monthly stipend and a travel allowance.

Seoul National University Exchange Program Scholarships

These scholarships are available to students from partner universities who are participating in the Seoul National University Exchange Program. The scholarships cover the full tuition fees, a monthly stipend, and a travel allowance.

Silk-Road Scholarship Program at Seoul National University

Students who have gained admission to the Master of International Management (MIM) program at Seoul National University from countries along the Silk Road are eligible for this scholarship. It encompasses complete tuition fees, a monthly stipend, and a travel allowance.

Sogang Global Scholarship

This scholarship is available to international students who have been admitted to the MBA programme at Sogang University. The scholarship covers the full tuition fees, a monthly stipend, and a travel allowance.

Visa and Stay Prospects : MBA in Singapore and Asia

If you are planning to pursue an MBA in Singapore or any other Asian country as an international student, you will typically need to navigate the visa and stay regulations to ensure a smooth experience during your studies. Here’s a general overview of what you might expect:

Visa Process

Acceptance from University: Before you can apply for a student visa, you need to be accepted by a recognized educational institution in Singapore or the country where you plan to study.

Student Pass/Visa Application: Once you have been accepted into an MBA program, you will need to apply for a student pass or visa, depending on the country’s terminology. For Singapore, this would be the Student Pass.

Documents Required: The required documents usually include a valid passport, admission offer letter from the university, completed visa application form, passport-sized photographs, proof of financial ability to cover tuition and living expenses, and potentially other documents depending on the country.

Health Insurance: Many countries require international students to have health insurance coverage for the duration of their stay.

Application Process: The process and requirements can vary greatly. Some countries might require an in-person interview at the consulate or embassy, while others might offer online application systems.

Stay Regulations

Duration of Stay: Student visas are typically issued for the duration of your academic program. Make sure you understand the validity period of your student pass and plan your travel and studies accordingly.

Part-Time Work: Some countries allow international students to work part-time during their studies. Regulations regarding this can vary, so it’s important to research and understand the local rules.

Post-Graduation Stay: Some countries offer post-study work visas that allow you to stay and work after completing your MBA. Singapore, for example, has the “Graduate Employment Pass” that allows eligible graduates to work in Singapore for up to one year after graduation.

Renewal: If your MBA program extends beyond the validity of your initial student pass, you’ll need to renew your pass before it expires. This usually involves providing proof of continued enrollment and sufficient funds.

Compliance: It’s important to adhere to the terms of your student pass, including attending classes regularly, maintaining the required academic performance, and abiding by local laws.

Career Prospects : MBA in Singapore and Asia

Top companies hiring for MBA students in Asia and Singapore:

Consulting firms: McKinsey & Company, Bain & Company, Boston Consulting Group, and Accenture are some of the most well-known consulting firms in the world. They offer MBA graduates high-paying jobs with the opportunity to work on challenging and strategic projects.

Financial services firms: Banks, investment banks, and asset management firms are also major employers of MBA graduates in Asia. These firms offer a variety of roles in areas such as investment banking, private equity, and asset management.

Technology companies: Technology companies such as Google, Amazon, and Microsoft are rapidly growing in Asia and are always looking for talented MBA graduates to join their teams. These companies offer cutting-edge technology and the opportunity to work on innovative projects.

Multinational corporations: Multinational corporations such as Unilever, HSBC, and Procter & Gamble have a presence in many countries in Asia. They offer MBA graduates the opportunity to work in a global environment and gain exposure to different cultures.

90%

Employed within 3 months of graduation

65- 80K

Avg. Salary

Most Sought-after Jobs

Logistics manager

Marketing manager

           Business operations manager

         Human resources manager

Purchasing manager

Financial analyst

Operation analyst

Investment banker

Management consultant

Chief executive officer (CEO)

Top 5 Colleges for MBA in Singapore and Asia

UniversityDetailsSuggested
Nanyang Technological University

Duration: 12 months

Format: Full-time

Avg. Working experience: 2 years*

Location: Singapore

NTU’s Nanyang MBA Overview

How to Get into NTU’s Nanyang MBA

NTU’s Nanyang MBA Insider Tips

National University of Singapore

Duration: 17 months

Format: Full-time or Part Time

Avg. Working experience: 2 Years*

Location: Singapore

NUS MBA Overview

How to Get into the NUS MBA 

NUS MBA Insider Tips

CEIBS

Duration: 12-16 months

Format: Full-time

Avg. Working experience: 1 – 2 years*

Location: Shanghai, China

CEIBS MBA Overview

CEIBS MBA Sample Essyas

CEIBS MBA LOR

INSEAD Business School

Duration: 10 months

Format: Full-time

Avg. Working experience: 2 – 3 years*

Location:  France and Singapore

INSEAD MBA Overview

How to get into the INSEAD MBA 

INSEAD MBA Insider Tips

HKUST

Duration: 16-24 months

Format: Full-time, Part-time

Avg. Working experience: 0 – 3 years*

Location: Hong Kong

HKUST MBA Overview

HKUST MBA Sample Essays

HKUST MBA Interviews

 

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MBA in Singapore and Asia

Asia has been experiencing rapid economic growth and emerging as a global business hub. Singapore, in particular, offers a strategic location, a diverse and multicultural environment, and strong connections to various industries, making it an attractive destination for MBA studies.

Admission requirements can vary between universities, but generally, you’ll need a bachelor’s degree from a recognized institution, relevant work experience (usually a few years), competitive GMAT/GRE scores, letters of recommendation, a statement of purpose, and sometimes an interview.

Yes, the primary language of instruction for MBA programs in Singapore is English. Singapore is a multicultural city with a strong English-speaking environment.

Completing an MBA in Singapore might provide you with certain advantages when applying for PR, such as demonstrating your commitment to the country’s economy and contributing to its workforce. However, PR approval is not guaranteed and depends on various factors.

Consider factors such as the program’s reputation, accreditation, faculty, specialization options, location, networking opportunities, alumni network, and career services. Research thoroughly and attend information sessions if possible.

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