First place in the World Bank’s Doing Business Report, second place among the most competitive cities in the world according to the Global Competitiveness Report 2014 – we’re talking about Singapore. The city-state of Singapore has developed into one of the most important trade and financial centers in Asia in recent years.
Singapore offers an interesting market for internationally operating companies, invests in the development of future-oriented technologies and has a first-class infrastructure. No wonder that the “tiger state” was chosen as one of the most business-friendly locations in the world. So the advantages of an MBA in Singapore are obvious.
Reasons for an MBA in Singapore
According to topmbadirectory, Singapore has a good education system. The universities receive high government grants, which is reflected in the good and modern equipment, innovative study programs and a high level of service orientation.
In the wake of the ongoing Asian boom, many well-known foreign universities have discovered Singapore for themselves and opened branches. The Singapore MBA programs they offer are popular with international students in several ways:
- They offer a high quality, especially the MBA programs of renowned business schools. The MBA in Singapore regularly scores well in MBA rankings.
- They provide insights into the Asian business world.
- They offer the opportunity to make contact with local companies.
- Due to the high number of international students, it is easier to make intercultural contacts and improve foreign language skills.
MBA in Singapore – structure and process
The MBA in Singapore usually takes one and a half to two years of study to complete. Some universities also offer one-year fast-track study programs – an attractive option to acquire an MBA in Singapore as quickly as possible.
The international universities in particular offer other interesting options. For example, it is possible to spend part of the study time on a university campus abroad, for example in Dubai or Australia. In other courses, practical phases in international business companies are integrated into the course.
Structure of a Masters in Business Administration in Singapore
As usual for MBA programs, the course is extremely practice-oriented. Innovative teaching methods and group work are an integral part of the course. Project-related work and case studies are part of everyday student life. Most MBA programs in Singapore have a global and intercultural perspective, which is complemented by an Asian focus.
MBA courses usually cover the entire range of subjects in the management area. The timetable is made up of subjects such as marketing, accounting and finance, e-business technologies and corporate responsibility. In many cases, students have the opportunity to set their own priorities by taking certain electives. In addition, some universities offer a specialized MBA in Singapore from the outset, for example with a focus on information technology or accounting.
Many universities in Singapore combine their MBA programs with a comprehensive supporting program. This enables students to establish business contacts and at the same time get to know the country and its people.
Requirements for an MBA in Singapore
Since different admission requirements apply depending on the university, it is difficult to make general statements. In general, applicants need a first degree such as a bachelor’s degree, and in some cases several years of professional experience. Sometimes universities also require good results in the General Management Admission Test (GMAT). However, some universities also accept a good bachelor’s degree or carry out their own tests.
For an MBA in Singapore, it is necessary to have a good command of English. These can usually be demonstrated using a minimum number of points in a standardized test such as the TOEFL or IELTS.
MBA programs in Singapore are aimed at experienced professionals from all areas of the economy. You have business knowledge and often aim for management positions. However, an MBA is also of interest to students from other disciplines and offers the opportunity to acquire extensive knowledge in management. Since an MBA in Asia often has an Asian focus, it is attractive, for example, for graduates of humanities courses such as Asian scholars.
Cost of an MBA in Singapore
The tuition fees for an MBA in Singapore depend on the university in question. National universities charge between US $ 12,000 and US $ 20,000. The costs are significantly higher at international business schools. Students should expect a range of approximately US $ 24,000 to US $ 50,000.
Another cost item is the cost of food, accommodation and daily life. The high standard of living in Singapore has an impact on the cost of living. The exact costs vary depending on where you live and how you live. A room in a shared apartment costs between EUR 500 and EUR 600 per month. Daily necessities are cheaper than in Germany, luxury and imported products are more expensive.
Financing an MBA in Singapore
There are several ways to cover the cost of an MBA in Singapore:
- Scholarships from the DAAD or a private foundation for students with particularly good performance
- Scholarships for international students from individual universities in Singapore
- a low-interest education or student loan, for example the Brain Capital: MBA education fund
In addition, during an MBA in Singapore, students are allowed to work up to 16 hours per week during the semester, and more during the lecture-free period.
Visa and entry into Singapore for an MBA
German students need a student visa to take an MBA in Singapore. This can be applied for at the local immigration office after arriving in Singapore. A passport that is valid for at least six months is required to enter the country.
Special vaccinations are not required for Singapore. If you want to travel to the surrounding countries, you should consult an experienced travel doctor before leaving to catch up on any vaccinations.