
Singapore ranks among the top global nations, positioning itself as a premier destination for international students pursuing an MBA. Graduates also get the chance to gain employment within the country after completing their studies. Candidates interested in an MBA in Singapore frequently research the associated expenses while benefiting from a wide selection of available schools and programs. Depending on the institution, the typical MBA tuition in Singapore is roughly 30,000 SGD, with the lowest tuition rates starting around 15,000 SGD. In this article, we provide a comprehensive breakdown of MBA expenses in Singapore to assist you in calculating and budgeting your financial requirements.
Pre- Arrival Cost to Study MBA in Singapore
Pre-Arrival Expenses for Pursuing an MBA in Singapore
Overall study expenses in Singapore encompass all financial requirements from the pre-departure phase through to post-arrival for your MBA. Pre-departure costs refer to payments that a student must clear before traveling to Singapore, whereas post-arrival expenses arise after arriving in the host country.
To understand the preliminary expenses, please review the table provided below:
|
Type of Expenses |
Cost (SGD) |
|
Visa Application Fees |
60 |
|
Application Fee |
100 |
|
IELTS Fees |
252- 259 |
|
GRE Fees |
279- 314 |
|
TOEFL Fees |
218- 341 |
|
GMAT Fees |
341 |
|
Flight Tickets (One- way) |
232- 286 |
Suggested: Learn about the overall cost of studying in Singapore
Post- Arrival Cost to Study MBA in Singapore for International Students
Post-Arrival Costs for International Students Pursuing an MBA in Singapore
Singapore boasts one of the most prominent business environments in Asia, serving as a growing hub of job opportunities for foreign students. Approximately 3,000 Indian students travel to Singapore for academic pursuits every year. Post-arrival MBA expenses in Singapore cover business school tuition, living costs, and medical insurance. Let us examine these expenses in detail:
Tuition Costs at Leading Business Schools in Singapore
The duration of an MBA program varies across universities. Certain business schools feature a 2-year curriculum, whereas others present a 16-month MBA track. For those pursuing an Executive MBA in Singapore, the program length is at least 1 year. Several premier MBA institutions in Singapore along with their fee layouts include:
|
MBA Business School |
MBA Course Duration |
Singapore MBA Fees |
|
S P Jain School of Global Management, Singapore |
12 months |
41,185 SGD |
|
Lee Kong Chian School of Business, Singapore Management University |
15 months |
62,619 SGD |
|
NUS Business School, National University of Singapore, Singapore |
17 months |
65000 SGD |
|
ESSEC Business School, Asia-Pacific, Singapore |
15 months |
74,141 SGD |
|
Management Development Institute of Singapore |
12 months |
23,831 SGD |
|
James Cook University, Singapore |
16 months |
37,878 SGD |
Suggested: Leading Business Schools in Singapore
Cost of Living in Singapore to Study MBA in Singapore
Cost of Living for MBA Students in Singapore
Once you receive your university admission offer for an MBA in Singapore, it is time to secure your living budget for the study period. On average, an international student living in Singapore spends between 750 and 2,000 SGD monthly on living expenses. Nevertheless, this figure can vary depending on personal lifestyle choices and the chosen field of study.
Presented below is a schedule of standard expenses:
|
Average Monthly Expenses |
Cost in SGD |
Cost in INR |
|
Rental (University Halls of Residence) |
210-320 |
11,650-17,690 |
|
Bus Transport (Concessional) |
120 |
6,150 |
|
Public Trains (Concessional Pass) |
120 |
6,150 |
|
Meals (at university hostel) |
150- 800 |
8,000- 41,000 |
Health Insurance for International Students in Singapore
Health Insurance Requirements for Foreign Students in Singapore
International medical insurance offers healthcare coverage within a specific nation, region, or globally, determined by the policy guidelines. Several medical insurance options exist for foreign students enrolled in Singapore:
|
International Health Insurance Plan |
Max. Coverage Limit |
Annual Premium (SGD) |
|
Cigna Silver Plan |
$1 million |
2,183 |
|
MSIG Prestige Healthcare Elite |
$900,000 |
920 |
|
FWD International Health Insurance |
$3 million |
2,336 |
|
Liberty MyHealth International Essential |
$2 million |
3,786 |
Suggested: Cost of Education in Singapore
If you intend to forge an international management career, review our comprehensive guide on the MIM in Singapore to discover top-tier institutions, admission criteria, tuition rates, and employment prospects.
Other Miscellaneous Expenses
Various Additional Expenses
After organizing your housing and travel arrangements, students must also account for several other incidental expenses, such as study materials, doctor consultations, internet services, and similar needs.
|
Particulars |
Average monthly cost in SGD |
Average cost in INR |
|
Books and Stationery |
150 |
6919 |
|
Internet |
40 |
1845 |
|
Haircut |
35 |
1614 |
|
Utilities |
100 |
5584 |
Suggested: Employment Prospects in Singapore
Singapore is regarded as having one of the finest educational frameworks globally, anchored by its prestigious universities. Although certain areas within the nation are quite costly, arbitrary neighborhood choices may prove inefficient. Therefore, if you intend to pursue an MBA in Singapore and wish to understand the tuition details, reach out to our Ashiraj specialists for further guidance on your MBA journey.
Frequently Asked Questions
Is Singapore expensive for Indian students?
<p>Typical monthly living expenditures for studying in Singapore span from 2,000 to 12,000 SGD (1,07,806 to 6,46,838 INR).</p>
Which type of MBA is best for students?
<p>General Management remains consistently favored among students. Those enrolled in general management acquire a diverse set of leadership abilities beneficial to enterprises across any sector.</p>
Do I require work experience for MBA in Singapore?
<p>For admission to an MBA program at certain premier business schools in Singapore, applicants are required to demonstrate at least 2 years of professional work history.</p>
What are the top streams in MBA program?
<p>Some of the prominent MBA specializations comprise: 1) Supply chain management 2) Marketing 3) Human resources 4) Information technology 5) Healthcare management 6) International Business</p>
You Might Also Like
Pharmacy (M.Pharm) Abroad: Fees, Top Universities & Job Scope
Pharmacy is the science and technique of preparing and dispensing drugs. The composition of various courses under Pharmacy are related to manufacturing, monitoring, regulating, developing and testing drugs and pharmaceutical and food products.Pharmacy as a Masters course may be done by people who ha
Read ArticleMasters in Industrial Engineering Abroad: Fees, Top Universities & Job Scope
Industrial Engineering is a branch of engineering dealing with the optimization of complex processes or systems. Its underlying concepts overlap considerably with certain business-oriented disciplines such as Operations Management, but the engineering side tends to emphasize extensive mathematical p
Read ArticleMasters in Financial Engineering Abroad: Fees, Top Universities & Job Scope
Financial Engineering is a multidisciplinary field involving financial theory, engineering methods, tools of Mathematics and Programming. It uses mathematical techniques to solve financial problems and is sometimes referred to as quantitative analysis. Also known as Financial Mathematics, Mathematic
Read Article