MBA in Singapore for Indian Students: Top Colleges, Fees & Cost

MBA in Singapore is a popular choice for Indian students, thanks to its physical proximity, high academic standards, high ROI, and multicultural environment. Twenty-five percent of Indian students studying abroad pursue higher education in Singapore. 

The country’s MBA programs are renowned for their emphasis on global business perspectives, innovation, and networking opportunities within Asia's dynamic economy.

So, if you are an Indian student considering an MBA in Singapore, read this blog to learn about the program, leading universities, tuition fees, salary prospect,s and more.

Key Highlights:

• Top MBA programs in Singapore include the National University of Singapore (NUS), Nanyang Technological University (NTU), and Singapore Management University (SMU).
• The tuition fee for MBA programs in Singapore ranges from SGD 45,000 to SGD 80,000 (INR 27 to 48 lakhs) on average.
• MBA graduates in Singapore can expect an average annual ranging from SGD 90,000 to SGD 150,000 (INR 54 to 90 Lakhs).
• To be eligible for an MBA degree in Singapore, Indian students need a recognized bachelor’s degree (minimum CGPA of 2.8), proficiency in English (IELTS 6.5 or TOEFL iBT 85-100), and relevant work experience.
• Some of the affordable MBA programs in Singapore include James Cook University, Curtin University & the Singapore Institute of Management

Singapore is one of the best student cities due to its safe environment, affordability, and educational excellence. There are several reasons to pursue an MBA there.

Key reasons to study MBA in Singapore:

• English as a Mode of Communication: Singapore is one of the best study destinations for international students, with over 20 languages spoken. However, English is the primary language of instruction in business schools and the main mode of communication in daily life. As an India student applying for an MBA in Singapore, you will not face any communication barriers.
• Global and Multicultural Exposure: Networking and interacting with individuals from diverse backgrounds and nationalities help enhance your personality and professional growth. MBA programs in Singapore include exchange programs and international study trips, providing you with valuable global exposure.
• Great Career Prospects:If you pursue an MBA in Singapore at a government-funded institution, you must stay and work for three years after graduation as per policy. The country offers strong job opportunities for international students, and employers actively seek global talent compared to other Asian nations.
• Easy Visa Process: The student visa process in Singapore is simple and streamlined. Your university manages a significant part of the application process on your behalf, making it easier for you to obtain your student visa.

 Dreaming of an MBA in Singapore? Contact Yocket Premium’s consultants today to turn your study abroad dreams into reality. Get expert guidance and make your international education journey seamless!

Some of the top business schools in Singapore, such as the National University of Singapore, NTU, and INSEAD, offer you management education with both an Asian and global outlook, creating plenty of opportunities for your career.

Best Colleges for MBA in Singapore: 

Suggested: Know About the Best Business Schools in Singapore

Singapore offers a diverse range of MBA specialisations, including International Business, Project Management, Human Resources, Sales & Marketing, and Business Analytics, catering to various industries and career goals. Its strategic location and dynamic business environment provide MBA students with opportunities for advanced skills and global exposure.

Top MBA specialisations to pursue in Singapore:

1. MBA in International Business

An MBA in International Business prepares you for global business challenges, focusing on international trade, market expansion, and cross-cultural communication. Graduates are equipped to work in multinational companies, handling global marketing, finance, and strategic management, with opportunities in leadership roles across diverse industries.

Average Salary in Singapore: Approximately SGD 5,000 - 10,000 per month.

Top Colleges to Study MBA in International Business in Singapore:

• INSEAD (Singapore campus)
• Nanyang Technological University (NTU), Nanyang Business School
• Singapore Management University (SMU), Lee Kong Chian School of Business

2. MBA in Project Management

An MBA in Project Management teaches skills to plan, execute, and oversee projects. Graduates manage budgets, resources, and teams, often taking leadership or consultancy roles in various industries.

Average Salary in Singapore: Approximately SGD 5,450 - 7,950 per month 

Top Colleges to Study MBA in Project Management in Singapore:

• Nanyang Technological University (NTU), Nanyang Business School
• Singapore Management University (SMU), Lee Kong Chian School of Business
• PSB Academy, School of Business

3. MBA in Human Resources

This MBA focuses on managing talent, employee relations, and organisational behaviour. Graduates can lead HR departments, optimising workforce performance and driving business success.

Average Salary in Singapore: Approximately SGD 5,200 - 7,000 per month

Top Colleges to Study MBA in Human Resources in Singapore:

• Nanyang Technological University (NTU), Nanyang Business School
• Singapore Management University (SMU), Lee Kong Chian School of Business
• SIM Global Education (University of Wollongong)

4. MBA in Sales & Marketing

An MBA in Sales & Marketing teaches strategies in market analysis, consumer behavior, and digital marketing. Graduates can lead marketing campaigns and drive sales in management or strategy roles.

Average Salary in Singapore: Approximately SGD 4,500 - 7,000 per month

Top Colleges to Study MBA in Sales & Marketing in Singapore:

• Nanyang Technological University (NTU), Nanyang Business School
• Singapore Management University (SMU), Lee Kong Chian School of Business
• INSEAD (Singapore campus)

5. MBA in Business Analytics

An MBA in Business Analytics focuses on data-driven decision-making. Graduates analyze trends, optimise processes, and use data to drive innovation in roles like data analyst or business consultant.

Average Salary in Singapore: SGD 5,000 - SGD 7,000 per month

Top Colleges to Study MBA in Business Analytics in Singapore:

• INSEAD (Singapore campus)
• Nanyang Technological University (NTU), Nanyang Business School
• Singapore Management University (SMU), Lee Kong Chian School of Business

To pursue an MBA degree in Singapore, you need a bachelor’s degree with a 3.0+ CGPA, English language proficiency tests, and work experience. These criteria ensure that students are adequately prepared for the challenges of an MBA program.

Key requirements you must meet to study MBA in Singapore:

1. Bachelor’s Degree

You must have a bachelor’s degree from a recognized institution or university. The minimum requirement is typically a CGPA of 2.8 or higher.

2. English Language Proficiency Test

Since Indians are Non-native English speakers, you must demonstrate proficiency in English through standardised tests like IELTS and TOEFL.
The common tests and their required scores are:

• IELTS: Minimum score of 6.5
• TOEFL: iBT score of 85-100 or higher

3. Work Experience

Some universities in Singapore require you to have at least two years of work experience for MBA admissions. However, certain universities may offer MBA programs without this requirement, provided you've a strong academic performance and high scores in standardised tests, along with a compelling Statement of Purpose (SOP).

4. Singapore Student Pass (Visa)

You must  obtain a Student Pass (student visa) to study MBA in Singapore. To qualify, you must be enrolled in a full-time course. Part-time courses or those conducted in the evening or on weekends do not qualify for this visa. If you plan to switch institutions after the visa application is approved but before collecting the Student Pass, you must submit a new application.

5. Required Documents

Business schools in Singapore require some documents for your MBA application, such as:

• GMAT/GRE Scores: Depending on the university, applicants may need to submit scores from either the GMAT or GRE.
• Statement of Purpose (SOP): A well-written SOP outlining your motivation for pursuing an MBA.
• Letters of Recommendation: Usually two letters from academic or professional referees.
• Updated Resume: A current CV outlining academic and professional experience.
• Transcripts: Original transcripts from previous academic institutions.
• Passport, Financial Documents, and Loan Documents: These are required to process your application and student pass.

The total cost of studying for an MBA in Singapore, including both tuition fees and living expenses, can range from approximately 45,000 SGD (INR 28.35 Lakhs) to 175,000 SGD (INR 1.10 Crore) per year, depending on the type of program and lifestyle you choose. The cost of studying abroad generally comprises all your expenses, from tuition fees to accommodation expenses. 

Tuition Fee

As an Indian student, you will pay an average tuition fee of around 30,000 SGD (INR 18.90 lakhs) annually for an MBA program in Singapore, depending on the university. The minimum fee could be about 15,000 SGD (INR 9.45 lakhs) annually.

Cost of Living

Along with the MBA tuition fees, the cost of living in Singapore is also prevalent. Singapore has a well-planned housing zone; whether you are searching for a rental house, the costs may vary accordingly. The average rent for a 1-bedroom flat in the city may cost 2,812 SGD/ month. However, living outside the city will cost around 1,912 SGD/ month.

Suggested: Cost of Studying MBA in Singapore

Your student visa for Singapore typically costs around SGD 90 (INR 5,670) if you are an Indian applicant. Additional expenses may include an SGD 30 (INR 1,890) processing fee and an SGD 60 (INR 3,780) issuance fee. Your total cost may vary based on your nationality and specific requirements.

After your MBA in Singapore, you can expect roles like Accounting Manager (43.80 Lakhs INR), Business Consultant (38.90 Lakhs INR), General Manager (105.03 Lakhs INR), and IT Manager (63.00 Lakhs INR), with salaries ranging from 3.75 Lakhs INR to over 100 Lakhs INR, depending on your role.

Job roles and Starting Salary of MBA Graduates in Singapore:

Singapore is a hub for top companies looking to hire MBA graduates, offering diverse career opportunities across industries like consulting, finance, technology, and more. The city’s growing business ecosystem attracts global firms seeking skilled professionals with advanced management expertise.

Here are some top recruiters for MBA graduates in Singapore:

• McKinsey & Company
• Google
• Citi
• Bain & Company
• Amazon
• PwC
• DBS Bank
• Procter & Gamble
• Schneider Electric

After completing your MBA in Singapore, you can apply for a Long-Term Visit Pass (LTVP) to stay in the country and search for a job. This pass grants you a limited time for job hunting, after which you must transition to a Work Permit if you secure employment.

• Eligibility: Indian students can apply for an LTVP if they have graduated from a recognized Institute of Higher Learning (IHL) in Singapore.
• Validity: The LTVP is non-renewable, and students must secure a job that qualifies them for a Work Permit within a year to stay longer.
• Documents Required: Students need to provide their educational certificates, passport, valid visit pass, and a recent passport-sized photo.
• Application Process: The LTVP application is done online through the e-VP system.
• Fees: Students must pay a processing fee of SGD 30, and if approved, an issuance fee of SGD 60.
• Post-Study Work Permit: Once employed, students can transition to a Work Permit through their employer’s application.

To apply for an MBA in Singapore, you must choose a university, complete the online application, and submit required documents, including transcripts, GMAT/GRE scores, English proficiency scores, resume, letters of recommendation (LORs), and a statement of purpose (SOP). After the interview, confirm your admission, pay the fees, apply for a Student Pass, and plan your travel.

Here's the Application Process for MBA in Singapore

• Step 1: Select Universities: Research and shortlist top MBA universities in Singapore based on program offerings and other factors like fees and rankings.
• Step 2: Online Application: Fill out the online application form available on the university’s website and ensure all details are accurately provided.
• Step 3: Required Documents: Submit necessary documents such as academic transcripts, GMAT/GRE scores, IELTS/TOEFL scores, resume, letters of recommendation (LORs), and statement of purpose (SOP).
• Step 4: Submission: Submit the application and documents before the deadline to avoid any delays.
• Step 5: Interview: If shortlisted, attend the interview (in person or online), where you will be assessed on your academic potential, career goals, and motivation for the program.
• Step 6: Acceptance & Confirmation: If selected, receive an acceptance letter. Confirm your admission and submit the tuition fees.
• Step 7: Apply for Student Pass: Apply for a student visa (Student Pass) to study in Singapore, which is mandatory for international students.
• Step 8: Plan Your Journey: After getting your Student Pass, finalise travel plans, accommodation, and other necessary preparations for your stay in Singapore.

Leading MBA colleges in Singapore, such as INSEAD Singapore, NUS Business School, and Nanyang Business School (NTU), offer Executive MBA programs designed for experienced professionals. These globally recognized programs help you enhance your leadership skills and advance your management career.

Top business schools for an Executive MBA in Singapore

The most affordable MBA programs in Singapore for Indian students are available at James Cook University Singapore (JCUS), PSB Academy, Kaplan Singapore, Curtin University Singapore, and the Singapore Institute of Management (SIM).

Whether you are looking for a full-time, part-time, or executive MBA, Singapore offers quality programs at competitive prices.

Affordable universities offering cheap MBAs in Singapore:

Indian students planning to pursue an MBA in Singapore can explore scholarship options such as the Singapore International Graduate Award (SINGA), the Lee Kong Chian Graduate Scholarship at Singapore Management University, the GIIS Singapore Global Citizen Scholarship, and the ASEAN Foundation Scholarship, which offer financial support for studying in Singapore.

MBA Scholarships in Singapore for Indian Students

You can pursue an MBA in Singapore without work experience by showcasing outstanding academic performance in your undergraduate program, achieving excellent standardized test scores, and submitting a compelling SOP.

Exams Required

• GMAT/GRE: Most universities require GMAT or GRE scores for admission. These exams assess analytical, verbal, and quantitative skills.
• Executive Assessment (EA): Some programs, particularly those designed for professionals, may accept the EA as an alternative to GMAT/GRE.
• English Proficiency Tests: If the undergraduate degree was not in English, TOEFL or IELTS scores may be required to prove language proficiency.
• Waiver for Exceptional Cases: Certain universities may waive exam requirements for candidates with strong academic records or relevant internships.

Top Colleges for MBA in Singapore Without Work Experience

Several prestigious universities in Singapore offer MBA programs that may accept candidates without work experience. Top options include:

• National University of Singapore (NUS) Business School
• INSEAD Asia Campus
• Singapore Management University (SMU) Lee Kong Chian School of Business
• ESSEC Business School Singapore

An MBA in Singapore gives you global exposure, high salaries (60,000–120,000+ SGD), and strong industry connections but comes with higher tuition (33,000–100,000 SGD) and living costs. In India, an MBA provides you with diverse job opportunities and lower costs (5,000–50,000 SGD), with salaries ranging from 17,000–67,000+ SGD, making it a more affordable option.

Here's a detailed comparison of pursuing an MBA in Singapore and India.

Pursuing an MBA in Singapore is a big step, and we understand the journey—because we’ve guided over 10,000 students through it successfully. At Yocket, industry experts with 15+ years of experience offer personalised support to help you make the best decisions for your future. From selecting the right program to preparing your applications, we’re here to make the process seamless. Let us help you take this next step confidently—schedule a FREE 30-minute consultation call with one of our expert counsellor.