MBA in Singapore for Indian Students: Top Colleges, Fees & Cost
Introduction
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
Why Study MBA in Singapore?
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!
Top 10 MBA Programs in Singapore
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:
|
MBA University/College in Singapore |
QS Ranking 2025 |
Average Tuition Fees (SGD) |
Average Salary (SGD) |
|---|---|---|---|
|
National University of Singapore (NUS) Business School |
8 |
60,000 - 70,000 per year |
90,000 - 120,000 |
|
INSEAD Singapore |
11 |
100,000 per year |
100,000 - 130,000 |
|
Nanyang Technological University (NTU) Nanyang Business School |
26 |
60,000 - 70,000 per year |
80,000 - 110,000 |
|
Singapore Management University (SMU) Lee Kong Chian School of Business |
545 |
60,000 - 70,000 per year |
80,000 - 110,000 |
|
ESSEC Business School Asia-Pacific |
- |
45,000 per year |
70,000 - 90,000 |
|
SP Jain School of Global Management |
- |
55,000 per year |
70,000 - 90,000 |
|
Kaplan Singapore (Murdoch University) |
- |
30,000 per year |
60,000 - 80,000 |
|
James Cook University Singapore |
- |
35,000 per year |
60,000 - 80,000 |
|
PSB Academy Singapore (University of Newcastle) |
- |
30,000 per year |
60,000 - 80,000 |
|
SIM Global Education (University of Birmingham) |
- |
40,000 per year |
60,000 - 80,000 |
Suggested: Know About the Best Business Schools in Singapore
Popular MBA Specialisations to Pursue 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
MBA in Singapore: Eligibility & Admission Requirements for Indian Students
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.
MBA in Singapore: Tuition Fee & Living Costs for Indian Students
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.
|
Type of MBA Program |
Average Fees (SGD) |
Average Fees (INR) |
|---|---|---|
|
Full-Time MBA |
$35,000 to $75,000 |
INR 19 Lakhs to 45 Lakhs |
|
Part-Time MBA |
$30,000 to $60,000 |
INR 16 Lakhs to 52 Lakhs |
|
Executive MBA (EMBA) |
$60,000 to $100,000 |
INR 32 lakhs to 54 Lakhs |
|
Online MBA |
$20,000 to $40,000 |
INR 10.83 Lakhs to 20.67 Lakhs |
|
Global MBA |
$40,000 to $80,000 |
INR 21.67 Lakhs to 43.34 Lakhs |
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.
|
Expense Category |
Monthly Cost (SGD) |
Monthly Cost (INR) |
|---|---|---|
|
Accommodation |
$800 - $2,500 |
₹43,000 - ₹1,35,000 |
|
Food |
$300 - $600 |
₹16,250 - ₹32,500 |
|
Transportation |
$100 - $150 |
₹5,400 - ₹8,100 |
|
Utilities (Electricity, Water, etc.) |
$100 - $200 |
₹5,400 - ₹10,800 |
|
Internet & Mobile |
$50 - $100 |
₹2,700 - ₹5,400 |
|
Leisure & Entertainment |
$200 - $400 |
₹10,800 - ₹21,500 |
|
Miscellaneous |
$100 - $200 |
₹5,400 - ₹10,800 |
Suggested: Cost of Studying MBA in Singapore
Student Visa Cost for 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.
MBA in Singapore: Salary & Jobs for MBA Graduates
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:
|
Job Title |
Average Annual Salary (SGD) |
Average Annual Salary (INR) |
|---|---|---|
|
Accounting Manager |
73,002 |
43.80 Lakhs |
|
General Manager |
175,058 |
1.05 Crores |
|
Marketing Manager |
70,000 |
42.00 Lakhs |
|
Financial Analyst |
60,000 |
36.00 Lakhs |
|
Operations Manager |
85,000 |
51.00 Lakhs |
|
Human Resources Manager |
82,000 |
49.20 Lakhs |
|
Sales Manager |
90,000 |
54.00 Lakhs |
|
IT Manager |
105,000 |
63.00 Lakhs |
|
Finance (Specialisation) |
117,000 |
74.47 Lakhs |
|
Human Resource Management |
113,000 |
71.91 Lakhs |
|
Marketing and Management |
109,000 |
69.37 Lakhs |
|
Supply Chain Management/Logistics |
89,845 |
57.18 Lakhs |
Top Companies Hiring for 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
- Citi
- Bain & Company
- Amazon
- PwC
- DBS Bank
- Procter & Gamble
- Schneider Electric
Work Permit after Completing MBA in Singapore
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.
MBA Admission Process in Singapore
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.
Top Business Schools in Singapore for Executive MBA
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
|
QS MBA Ranking |
Name of the MBA college |
Tuition Fee (SGD) |
Tuition Fee (INR) |
|---|---|---|---|
|
8 |
National Institute of Singapore |
$129,681.25 |
1.08 Crore |
|
15 |
Nanyang Technological University |
$117,688.27 |
98.05 Lakhs |
|
11 |
INSEAD Asia Campus |
$152,406.72 |
1.26 Crores |
|
- |
Rutgers Business School |
$57,988.90 |
48.25 Lakhs |
Cheapest MBA in Singapore for Indian Students
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:
|
Name of the University |
Average Tuition Fees (per year) |
|---|---|
|
James Cook University Singapore (JCUS) |
INR 4L – INR 6L |
|
PSB Academy |
INR 3L – INR 5L |
|
Kaplan Singapore |
INR 4L – INR 6L |
|
Curtin University Singapore |
INR 5L – INR 6L |
|
Singapore Institute of Management (SIM) |
INR 6L – INR 8L |
Scholarships for Indian Students to Study MBA 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
|
Name of the Scholarship |
Eligibility Criteria |
Award |
|---|---|---|
|
Singapore International Graduate Award (SINGA) |
PhD students in biomedical sciences, physical sciences, and engineering |
Full tuition fees, monthly stipend, and research grants |
|
Lee Kong Chian Graduate Scholarship |
International students with strong leadership and academic background |
Tuition fee waiver and living allowance |
|
GIIS Singapore Global Citizen Scholarship |
Indian students who have completed Class 10 |
Covers tuition fees, boarding, and other expenses |
|
ASEAN Foundation Scholarship |
Bright students from ASEAN countries, including India |
Financial support for studying in Singapore |
|
NUS MBA Scholarships |
International students pursuing an MBA at NUS |
Partial or full tuition fee coverage |
|
Commonwealth Scholarship |
Indian students applying to NUS |
Tuition fees, travel allowance, and stipend |
|
SIA Youth Scholarship |
Indian students seeking undergraduate studies in Singapore |
Tuition fees, accommodation, and stipend |
How to Study MBA in Singapore without Work Experience?
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
MBA in Singapore vs India: Which One is a Better Choice?
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.
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Aspect |
MBA in India |
MBA in Singapore |
|---|---|---|
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Job Opportunities |
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Post MBA Salaries |
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Placements |
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Costs |
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Additional Points |
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From the Desk of Yocket
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.
Frequently Asked Questions on MBA in Singapore
Which MBA is best in Singapore?
Some of the best MBA Universities in Singapore are: 1. National University of Singapore 2. INSEAD Business School 3. Nanyang Business School 4. Singapore Management University
How many intakes are there for MBA program in Singapore?
There are 3 admission intakes for MBA in a year: 1. January 2. September 3. October
Is NUS MBA program good?
NUS is one of the top-ranked business schools in Asia. It offers a personalised and highly transformative MBA program.
What is the eligibility for pursuing MBA in Singapore?
MBA in Singapore eligibility for an international student is that they must have a bachelor’s degree in a relevant field with a score of 83% or more. Many universities in Singapore need a GMAT score and work experience of around 3 years as MBA in Singapore eligibility.
How to Pursue MBA in Singapore Without GMAT?
Many universities in Singapore, like EASB Institute of Management, James Cook University, and many others, do not require the GMAT to pursue an MBA. Admission to MBA courses in Singapore is based on a candidate’s academic record.
Is Singapore good for MBA?
Yes, Singapore is an excellent destination for an MBA due to its globally recognized universities, strong economy, and strategic location as a business hub in Asia. The country provides high-quality education, diverse networking opportunities, and access to multinational companies.
Which is the best MBA program in Singapore?
The best MBA programs in Singapore include those offered by: National University of Singapore (NUS) Business School – Consistently ranked among the top in Asia. Nanyang Business School (NTU) – Known for its strong industry connections. Singapore Management University (SMU) – Offers a practical, interactive learning approach.
Can Indian MBA graduates work in Singapore?
Yes, Indian MBA graduates can work in Singapore, but they need a valid work visa, such as an Employment Pass (EP) or an S Pass. The job market is competitive, and securing employment depends on factors like industry demand, work experience, and employer sponsorship.
What is the salary of an MBA graduate in Singapore?
MBA graduates in Singapore earn an average salary of SGD 70,000 to SGD 120,000 per year, depending on factors such as industry, job role, and work experience. Graduates from top business schools often secure higher salaries.
Is GMAT compulsory for MBA in Singapore?
GMAT is not always mandatory for MBA programs in Singapore. Some universities, like NUS and NTU, may require it, while others, like SMU and private institutions, may offer waivers based on work experience or academic performance.
What is the cost of living in Singapore?
The cost of living in Singapore varies based on lifestyle and accommodation choices. On average, students spend around SGD 1,200 to SGD 2,500 per month on housing, food, transport, and other expenses.
What is the cost of an MBA in Singapore?
The cost of an MBA in Singapore ranges from SGD 30,000 to SGD 100,000, depending on the university and program. Top universities like NUS and NTU have tuition fees on the higher end, while private institutions offer more affordable options.