MBA in Singapore: Best Universities, Colleges, and Fees in 2023

MBA in Singapore is sought after by students and professionals from across the world. With its world-class universities and colleges, this city-state offers a wide range of business programmes at competitive costs. In 2023, the tuition fees for MBA courses here will range vastly depending on the university or college chosen.

Top MBA colleges in Singapore are designed to provide students with the knowledge and skills required to become successful business leaders. Students can choose from a variety of specializations such as finance, marketing, human resource management, and operations management. The courses also focus on developing leadership skills and critical thinking abilities that are essential for success in today’s global business environment.

Why MBA in Singapore for Indian Students?

The benefits of studying in Singapore MBA colleges are:

  • High ranking on prestigious lists such as the Financial Times Best Business Schools, Forbes Asia’s Best Top 50 MBAs, and the Financial Times Global MBA Rankings.
  • MBA courses in Singapore are renowned for their international recognition and fantastic study and work possibilities.
  • A driver’s seat in the powerful and emergent Asian economy
  • According to the Global Innovation Index, the country is placed fifth. It presents a fantastic chance for people who want to launch their businesses.
  • The city-state serves as a launching pad for companies because of the availability of specializations like business and innovation and programmes that foster new ideas.
  • Close proximity to Asia’s top corporate headquarters and the city’s vibrant international business culture.
  • Singaporean MBA graduates are sought after by some of the world’s most prestigious organizations, including McKinsey & Company and Goldman Sachs.
  • Many multinational corporations have regional offices in the city-state, which in turn provides a wealth of job opportunities.
  • As a part of a global network, Singaporean business graduate students will have access to over 2,000 MBA alumni worldwide.
  • It is among the greatest student cities in the world because of its top-notch education, reasonable cost, security and flexibility offering both full time and part time MBA. A worthwhile multicultural experience is guaranteed by the inclusion of students of over 120 countries.
  • The cost of living here is substantially cheaper than in other cities such as New York City or London
  • Greater career opportunities and job prospects upon completion of a full-time MBA program from here.
  • The opportunity to earn a higher salary with an international background and the opportunity to work for a global organisation
  • Greater networking opportunities with business and community leaders.
  • Close ties between Indian students and local employers provide greater career opportunities within India and abroad.

What is the cost of studying at Singapore MBA Colleges?

Singapore MBA fees can vary depending on the school, but on average, a full-time  programme will cost around $50,000. This cost can be increased if you opt for a specialization, such as entrepreneurship or marketing.

There is a great degree of variety in the courses, but the pricing can also vary. The cost of living in this multicultural city is considered to be high. A student will have to consider the cost of housing, transport, and food.

There are many things that a student will have to consider when deciding whether or not they can afford to live here.  A student will have to consider the cost of housing, transport, and food.

There are many options for a student who is looking for accommodation such as renting a room from a family or renting an apartment with other students. Transport can be costly but there are options such as using public transportation which is cheaper than using taxis on a regular basis.

Below is a table depicting the average cost in USD of MBAs at the various recommended universities:

What are the scholarship options for MBA colleges in Singapore?

Singapore is one of the most sought-after destinations for pursuing an MBA. Singapore MBA colleges are world renowned and offer a range of programmes. While Singapore MBA fees can be expensive, there are several scholarship options available to help students finance their studies. These scholarships come from both government and private sources, and they can provide partial or full funding for tuition fees, living expenses, and other related costs.

Some of the popular scholarships available for some of the top business schools include:

  • Singapore International Graduate Award
  • ADB – Japan Scholarship for Developing Countries
  • Commonwealth Scholarship for Integrated Science
  • Lee Kong Chian Graduate Scholarships
  • ASEAN Foundation Scholarships
  • Singapore Millennium Foundation Scholarships
  • SIA Youth Scholarship
  • GIIS Singapore Global Citizen Scholarship

What are the career opportunities after MBA in Singapore for Indian students?

MBA courses in Singapore offer Indian students the opportunity to gain valuable knowledge and skills that are essential for success in the business world. With a wide range of career opportunities available, a business degree from this superb destination can open up a number of doors for Indian students.

From finance and banking to technology and entrepreneurship, there are plenty of job opportunities available for those who have completed their degree here. With its strong economy and highly developed business environment, it’s a great place to pursue an MBA and build a successful career.

After completing their course, these students can find jobs in the banking and finance sector, IT industry, hospitality, and tourism sector, healthcare sector, and even the government sector.

Furthermore, they can also explore options such as entrepreneurship or venture capital. With the right qualifications and experience, Indian students can build a successful career after their degree in Singapore.

MBA in Singapore: What are the best Colleges?

Singapore is a great destination for MBA aspirants due to its strong economy, diverse culture, and excellent universities. There are several colleges offering these programs that are recognized globally.

These colleges provide a variety of courses and specializations to cater to the different needs of students. The top MBA colleges in Singapore offer quality education, experienced faculty, good placement opportunities, and global recognition. For those who are looking for a business degree in Singapore, here is a list of some of the best MBA courses in Singapore.

Rank Institution Fees Duration Eligibility
1 National University of Singapore (NUS) $69,058.64 17 months UG Degree, 2 years work experience, GRE/GMAT scores, TOEFL above 100 or IELTS above 6.5
2 SMU (Singapore Management University) $47,022.65 12 months for full-time, 18 for part-time UG Degree, 2 years work experience, SMU admission test or GRE/GMAT results, TOEFL score
3 NTU Nanyang $43,248.84 12 months for full-time, 18 for part-time UG Degree, 2 years work experience, GRE/GMAT scores, TOEFL above 100 or IELTS above 6.5
4 INSEAD $97,728 10 months UG Degree, 2-10 years work experience, GMAT score 70-75th percentile, GRE 80th percentile or above, English proficiency
5 LSBF Singapore $12,556.12 13 months for full-time, 18 months for part-time UG Degree, 2 years work experience, minimum age 21, IELTS 6.0 or equivalent
6 James Cook University Singapore $26,870.09 12 months for full-time, 16 for part-time AQF level 7 UG Degree, 2 years work experience in a managerial role, TOEFL 86, IELTS 6.5
7 ESSEC Asia-Pacific $53,914.57 12 months UG Degree, 3 years work experience, GRE/GMAT score, Advanced English proficiency
8 Rutgers Singapore $54,409.84 14.5 months UG Degree or Diploma, 8-10 years work experience, minimum 28 years of age, English proficiency (IELTS, TOEFL)

1. National University of Singapore (NUS)

The National University of Singapore (NUS) was established on August 8, 1991, as an autonomous university. The university is located in the heart of the city-state, adjacent to the National University of Singapore–NUS Medical School, and within walking distance of the National University of Singapore–NUS Business School.

The university comprises the main campus on Clementi Road and two satellite campuses in Hougang and Kallang. The main campus is home to the faculties of law, business, health sciences, engineering, arts, humanities, sciences, social sciences, and education. The two satellite campuses are home to the faculties of nursing, dentistry,

Why Study MBA here?

NUS MBA graduates are equipped with knowledge in various disciplines such as finance, accounting, and marketing. This means that they are able to work in various industries such as banking, consulting, or retail.

NUS is a leading university in Asia and has been ranked number one in Asia by the QS Ranking. It offers a range of programmes spanning from humanities to engineering and business to law. The programme at NUS is ranked as one of the best in the world by The Economist, Financial Times, and The Wall Street Journal.

A degree from NUS is recognised globally for its high-quality education and its graduates are highly sought after for their excellent job prospects.

Career Prospects

NUS is a prestigious university and it has been ranked as the top university in Asia and the third in the world by QS World University Rankings. It is also ranked first for employability.

The NUS MBA programme provides students with a comprehensive understanding of business, management, and economics. The curriculum is designed to equip students with skills for global leadership, entrepreneurship, innovation and sustainability. The course has a strong international focus, with a large number of faculty from overseas universities.

Eligibility and Fees

The average cost to study at NUS is about$69,058.64. The program requires students to have procured a UG Degree and 2 years of work experience. GRE/GMAT scores are important with a preference for higher scores. As far as English proficiency is concerned, the students need a score of TOEFL above 100 or IELTS above 6.5.

2. SMU (Singapore Management University)

SMU Singapore Management University is a private university. It was founded in 1984 and offers undergraduate and postgraduate programs in business, finance, accounting, marketing, management, and information systems. The university has a campus in the city’s financial district.

Why Study MBA here?

The SMU MBA program is a one-year full-time program, with students completing a minimum of six modules and an internship. The modules are designed to help graduates develop leadership and business skills, as well as to prepare them for working in various industries.

SMU is one of the top business schools here. The university was established and has been recognized as one of the best universities in Asia by QS, US News & World Report, and the Financial Times. The university offers a range of MBA programmes for students to choose from Full-time MBA, Executive MBA, One-year MBA, or Two-year MBA.

Career Prospects

The prospects for careers after an MBA from SMU are excellent. The school is one of the most prestigious in the region and has a strong international reputation.

The SMU MBA program is designed to equip graduates with the skills and knowledge to build successful careers in today’s global business environment. Graduates have gone on to work at multinational corporations, as well as start their own businesses.

Eligibility and Fees

The average cost of an MBA at SMU is $47,022.65. The program requires a UG Degree and 2 years of work experience. Students need to write the SMU admission test or GRE/GMAT in order to be eligible to apply. TOEFL and IELTS scores need to be high because there will be a preference for higher scores.

3. NTU Nanyang

NTU Nanyang Technological University (NTU) is one of the world’s leading technological universities with a rich history and tradition. NTU is committed to providing quality education and research opportunities that will help students achieve their potential and contribute to society.

NTU offers a wide range of undergraduate and postgraduate programs in engineering, science, business, humanities and social sciences, and arts and humanities. NTU also has a strong research tradition, with over 400 research centers and institutes.

NTU alumni are leading figures in the fields of business, science, technology, and the arts, and have made significant contributions to society

Why Study MBA here?

Nanyang Technological University (NTU) is a world-class university in Singapore, ranked among the top universities in Asia. NTU has been ranked #1 in Asia by QS World University Rankings and #5 globally by the Times Higher Education World University Rankings.

The Nanyang MBA offers a unique opportunity to pursue this course while living and studying in one of the most vibrant, cosmopolitan cities in the world. The programme offers a high-quality education with a global perspective, interactive learning, and cutting-edge research opportunities.

NTU’s business programme is designed for ambitious professionals who are looking to develop their careers through an international perspective, rigorous academic content, and practical professional experience.
This course will equip students with business management skills that are crucial for success in today’s competitive global economy as well as provide them with key insights into how organizations operate across different cultures and countries.

Career Prospects

The Nanyang MBA is a one-year full-time program. The curriculum is driven by the region’s economic needs and global trends in business. Hence it is both local and global in its outlook toward students looking to enter the workforce. It provides a solid foundation for your career after graduation. You will be equipped with skills that are in demand in the marketplace and you will have access to an extensive network of alumni and industry partners.

Eligibility and Fees

The cost of this course at NTU Nanyang is $43,248.84. This course too requires a UG Degree and 2 years of work experience. GRE/GMAT scores need to be competitive so that they will win out on a preference basis. TOEFL above 100 or IELTS above 6.5 is enough to declare the benchmark for English proficiency.


INSEAD is one of the world’s leading business schools, with campuses in France, Switzerland, and Singapore.

The school was founded in 1975 by a group of French business executives and has since become one of the world’s top business schools. INSEAD offers a range of undergraduate and graduate programs, as well as a range of executive education programs.

INSEAD is known for its strong emphasis on entrepreneurship, internationalization, and creativity. The school has a strong network of alumni, with more than 67,000 people having attended its programs.

Why Study MBA here?

INSEAD Singapore has been ranked as one of the best MBA programs in the world by Forbes magazine for the past few years. The program has an excellent alumni network, which will provide you with connections across many industries and sectors. The school also provides excellent facilities such as an international library, state-of-the-art classrooms and laboratories, and a modern campus located in the city’s central business district.

Career Prospects

The MBA at INSEAD is a top-ranked MBA program in the world with an international network of alumni. Students can enroll in one of two programs – The Global MBA and the Tsinghua Executive MBA.

The Global MBA is a two-year, full-time program that offers students an international experience and prepares them for leadership roles around the world. This program offers three concentrations – Finance, Marketing, and Strategy.
The Tsinghua Executive MBA is a one-year, part-time program that provides students with essential business knowledge and prepares them to take on senior management positions in China or abroad.

Students are expected to have at least five years of work experience before applying for this program.
Both programs offer courses on topics such as finance, marketing, strategy, or operations management. They also offer elective courses on topics such as entrepreneurship or digital marketing strategy so that they can seamlessly specialize and transition into the professional world.

Eligibility and Fees

INSEAD Singapore MBA fees are a little pricey at $97,728. Students need to show proof of a UG Degree and 2-10 years of work experience. The requirement for a GMAT score is above the 70-75th percentile and GRE needs to be above the 80th percentile or above. There is an English proficiency requirement with a preference for those more proficient.

5. LSBF Singapore

The LSBF Singapore offers a range of programs, including undergraduate, graduate, non-degree executive education and executive training programs. The school also offers an program that is taught in English. LSBF Singapore has also partnered with leading institutions like Cambridge University to offer various courses such as their MBA degree.

The school’s main campus is located in the heart of the city’s Central Business District. It also has two other campuses at Novena and Serangoon respectively.
In addition to its main campus, LSBF Singapore also operates four international campuses in China, Hong Kong, Indonesia, and Malaysia respectively.

Why Study MBA here?

Students can get a world-class education in a business environment that is conducive to learning and personal development. LSBF Singapore offers MBA programs that are designed to help students develop their leadership skills and become future business leaders.

This is a two-year, full-time program that provides students with the opportunity to interact with international faculty, guest speakers, and entrepreneurs. Students will be able to choose from six specialized majors – Marketing, Finance, International Business, Operations Management, Entrepreneurship & Innovation or General Management.

Career Prospects

The LSBF MBA programme is designed to equip students with the knowledge, skills, and competencies required of business leaders in today’s globalized world.

Students are able to choose from a wide range of specializations, enabling them to tailor their study experience to suit their career goals. The programme provides a distinctive opportunity for students to pursue their careers with a distinctive degree that will distinguish them in the competitive global labor market.

Eligibility and Fees

The course at LSBF is very reasonably priced at $12,556.12. The students need to have a UG Degree with 2 years of work experience. The minimum age is 21 to apply. English proficiency requires an IELTS score of 6.0 or equivalent

6. James Cook University Singapore

Established in 1991, JCU Singapore is one of the newest and fastest-growing universities for an MBA. With its excellent facilities, strong international partnerships, and highly engaged students, JCU Singapore offers a stimulating and exciting educational experience.

This is a nationally-ranked university and offers a wide range of undergraduate and postgraduate courses in business, engineering, health sciences, law, education, humanities and social sciences.

The students benefit from excellent facilities, including state-of-the-art laboratories and classrooms, and from strong international partnerships that provide opportunities for academic and professional development.

Why Study MBA here?

James Cook University Singapore has a strong reputation for being one of the top universities in Asia. The university has been ranked as the best university in Singapore by QS and Times Higher Education and is also ranked as one of the top 100 universities in Asia.

The MBA program at this university features a curriculum that is based on the latest developments in business management with an emphasis on entrepreneurship, innovation and sustainability. The MBA degree provides students with a well-rounded education that is tailored to meet their career goals, allowing them to gain skills that are relevant across industries such as finance, marketing, or IT.

Career Prospects

The MBA programme at James Cook University Singapore is designed to develop the skills of the next generation of leaders. Students can expect to learn and work in a wide range of fields, from business strategy and marketing to finance and accounting.

Eligibility and Fees

$26,870.09 is the cost at James Cook university. The university also requires an AQF level 7 UG Degree with 2 years of work experience in managerial roles. The English proficiency scores need to be around TOEFL 86 and IELTS 6.5 respectively.

7. ESSEC Asia-Pacific

ESSEC business school Singapore is a branch of the ESSEC business school in France. It was established in 2005 and is located at the city’s Management University.
The ESSEC business school was created in 1907 by a group of French entrepreneurs who wanted to give the best education possible to their children.

Why Study MBA here?

MBA at ESSEC Asia-Pacific is a one-year, full-time MBA program. It is designed for international students who want to gain an in-depth understanding of the business environment in Asia, as well as develop their managerial skills.
The curriculum includes modules on Strategy, Marketing, Finance, and Human Resources. The program also offers a unique opportunity to study in Singapore and in China.

Students can choose from three concentrations: marketing and sales management, international business and entrepreneurship.

Career Prospects

The MBA at ESSEC Asia-Pacific is a one-year full-time program. The course is designed for students who are looking to start their careers in the Asia Pacific region.

The MBA at ESSEC Asia-Pacific is an international program with a global perspective, with a focus on Asia Pacific markets and languages. It offers the opportunity to develop skills and work in management, finance, marketing, and entrepreneurship while learning about the region’s history, culture and economy so that it can be applied on an everyday basis.

Eligibility and Fees

The average cost of studying at ESSEC Asia-Pacific is about $53,914.5. The university requires applicants to have a UG Degree and 3 years of work experience as well. They also require a competitive GRE/GMAT score. There is a requirement for Advanced English proficiency which means candidates must take an advanced TOEFL which should be competitive as well.

8. Rutgers Singapore

Rutgers University in Singapore is the first international branch of Rutgers University. The university was founded in collaboration with the National University of Singapore and Yale-NUS College and the first classes began in 2007.
The university is jointly operated by both institutions of higher education, with each institution holding equal stakes. The university provides undergraduate and graduate programs in engineering, science, humanities, social sciences, and business administration as well as a law school located on the Yale-NUS campus.

Rutgers University was founded in 1766 by Samuel Finley III under the name “Queen’s College”, but it was renamed Rutgers College in 1825 when George

Why Study MBA here?

Rutgers Business School is one of the leading business schools in the world. The school has been ranked #1 in Entrepreneurship, #5 in International Business, and #6 in Management for the year 2018 by Financial Times.
The Rutgers MBA Program in Singapore is a fully-accredited program with a flexible and personalized curriculum that allows students to build on their strengths and explore new areas of interest. Students also have access to a wide range of career services, including personal counseling and coaching sessions with an international network of alumni.

Rutgers Business School offers a flexible and personalized curriculum that allows students to build on their strengths and explore new areas of interest. This Rutgers MBA Program here is a fully-accredited program with global reach that provides access to top-tier faculty members from around the world, as well as career services like personal counseling and coaching sessions with alumni from all over the world.

Career Prospects

An MBA from here will help you to develop your skills and knowledge in the core areas of business. This degree will help you to become a well-rounded business professional with the knowledge and skills needed to excel in today’s competitive global economy.
The career opportunities after this course are vast and varied. The degree will provide you with the necessary skills to pursue a variety of careers including but not limited to:

  • Financial Services
  • Consulting
  • Marketing
  • Strategy & Planning
  • Operations Management
  • Retail Management
  • Eligibility and Fees

The average cost of studying at Rutgers Singapore is $54,409.84. The program requires a UG Degree or Diploma. It is also necessary for students to have 8-10 years of work experience. The students are all 28 years of age or more. English proficiency (IELTS, TOEFL) is a requirement at Rutgers.


What is the best MBA in Singapore?

What’s the best MBA in Singapore? It’s a question that has been asked by many. There are many factors to consider when deciding on the best one,  and it is important to know what you want out of your education.
The fact is that the best will not be the same for everyone; it depends on the student’s goals and what they want to achieve. The most important aspect of any degree program is that it should be relevant to your career goals.
There are many factors to consider when choosing a good MBA, such as location, cost, class size, and type of degree offered.
A good place for students who like smaller classes would be NUS Business School as this school only has about 200 students per class so you can get more one-on-one time with your professors.

Is it worth doing an MBA in Singapore?

An ROI of more than 200% is anticipated for study abroad expenses. In that regard, it is reasonable to conclude that earning this degree Singapore is worthwhile. Excellent work prospects are also made more accessible by the existence of regional headquarters for MNCs like Google, Apple, Meta, and others.

Is GMAT necessary for MBA in Singapore?

The GMAT is not a necessary requirement for MBA programs here. However, it can help to increase your chances of getting into a top-ranked graduate program.
The Graduate Management Admission Test (GMAT) is a standardized test that assesses the verbal and quantitative skills that are required for success in an MBA program. It is an important step in the process of applying for an MBA course.
In Singapore, there are several top-ranked graduate programs that do not require applicants to take the GMAT before they apply and some schools will offer exemptions if you have taken other tests such as SAT or GRE.
However, if you want to be considered for the best programs here, you will need to take the GMAT as part of your application process and it can help increase your chances of getting accepted into one of these programs.

What is the average salary of an MBA in Singapore?

Let’s get you into top MBA colleges in Singapore

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