The Best MBA Programs in Singapore – Head to Head (2023)
Compare the Singapore’s best Full-time MBA programs head-to-head and get the inside scoop from Admissions Directors, MBA alumni and more from Singapore’s best MBA programs. All on one page!
last updated May 2023
Why Singapore for your MBA?
Five reasons to get your MBA in Singapore:
1. Singapore is home to 7000+ MNCs, many of whom have chosen Singapore as their Asia Pacific headquarters. Singapore is perennially ranked as one of the world’s easiest places to conduct business.
2. A highly developed, modern, cosmopolitan city (36% of the population are non-residents), and long-time conduit between East and West, the island city-state benefits from a multi-cultural society of Chinese, Malays, Indians, Eurasians and expatriates. The national language is English, making it a convenient place for foreigners to get situated in Asia.
3. Deloitte ranked Singapore as the world’s 2nd best wealth management centre (2021); Singapore is the 5th largest wealth management centre by international market volume.
4. Singapore has one of the lowest unemployment rates in the world (2.1% for 2022), and is one of the easier countries for foreigners to gain employment.
5. The downside of Singapore’s economic growth is that living costs have also risen, and it is now the most expensive city in the world, along with New York (Economist Intelligence Unit, 2022).
Top Full-Time MBA Programs in Singapore
Insead MBA
- Consistently ranked top 5 worldwide by the Financial Times, Insead has a reputation for being one of the best MBA programs outside the US (along with London Business School). Insead was established in 1957.
- One of world’s most global MBA programs with over 100 nationalities; one of the few MBA programs to place a sizeable percentage of graduates in Europe (48%), Asia (25%), Middle East/Africa (12%), North America (9%) and South America (6%)
- 10-month general management MBA program with 2 intakes (January, August), 3 campuses (France, Singapore, Abu Dhabi) and over 1,000 students/year
- Sends over 50% of graduates into consulting industry & function; hundreds work for McKinsey, Bain and BCG, Insead’s top 3 corporate recruiters
- Insead’s MBA was ranked #2 worldwide by the Financial Times (2023)
NUS MBA
- National University of Singapore (NUS) has the biggest brand for a local Singaporean university, ranking 11th internationally by QS (2023). It is Singapore’s oldest university and is considered one of the best universities in Asia
- 17-month program with 100-120 students/intake
- Specializations in Analytics & Operations, Consulting, Digital Business, Innovation & Entrepreneurship, Finance, Marketing, Real Estate, Strategy & Organization, Healthcare Management
- Strong exchange possibilities with 60+ partners and numerous dual degree linkages with top universities in China, Asia, and France
- Consistently ranked top 25 worldwide by the Financial Times
Nanyang MBA
- Nanyang Technological University (NTU or Nanyang) was ranked 19th internationally by QS (2023), making NUS, Peking U., Tsinghua and NTU the top four ranked universities in Asia. NTU has a strong reputation for engineering and accounting, and also has an outstanding reputation in China
- Recently changed to 12-month format with 6 specialization tracks in Banking & Finance, Strategy & Innovation, Marketing Management, Business Analytics, Sustainability & Innovation and General Management
- At 65,000 SGD and with a 1-year program, it’s the most affordable top MBA in Singapore and focused on graduate ROI
- More project focused: students required to take less courses (9 core, 4 electives) but must complete 1 leadership module, 1 business study mission and 1 live consulting project
- 80-100 students per year, and consistently ranked top 40 worldwide by the Financial Times
SMU MBA
- Singapore Management University (SMU) is a business and management focused university modeled after Wharton that opened in 2000. Located in the city center, it’s known for producing competitive graduates with strong soft skills and has strong ties with Singapore’s business community.
- 15-month general management MBA with 60 students per year (12-month fast-track also available)
- An up & coming university – SMU undergrads are among Singapore’s highest paid, and the university has opened a dazzling amount of business related Masters programs the last few years
- SMU’s MBA program is not even 15 years old, but has ranked as high as #43 in the Financial Times (2019), and the Lee Kong Chian School of Business has already been triple accredited by AACSB, EQUIS and AMBA
Insider Interviews with Singapore MBA Admissions Directors
Listen to our in-depth interviews about what makes each MBA program unique and what you can do to give yourself the best chance of getting in:
Touch MBA’s Admissions Advice
- Singapore MBA programs are looking for diversity – applicants from South East Asia, Europe, the Americas, Africa & Middle East are highly sought
- As NUS, Nanyang and SMU MBA programs have a Asian focus, demonstrating interest in region is key; experience with Singapore or other Asian countries a plus
- Demonstrating international experience and cross-cultural adaptability is essential to gain a spot at Insead
- Demonstrating well-researched and achievable post-MBA career plans is important as Singapore is one of the world’s most open labor markets
Get free school selection help and an expert profile review from Touch MBA
What’s it Really Like at Top Singapore MBA Programs?
MBA students & alumni share their experience:
Post-MBA Careers in Singapore
- Visas – from NUS: “The duration for international students to remain in Singapore to continue their job search is at the discretion of the Singapore Immigration Authority. The duration may range from a few months, up to a maximum of one year.” MBA graduates can seek an employment pass or apply for an entrepass if electing to work in Singapore.
- Taxes – Residents pay a progressive income tax up to 24%. Non-resident individuals will be taxed at a flat rate of 24%.
- Industry – while Insead sends over 50% of graduates into consulting, the Singapore schools place most grads into financial services, consulting and technology industries
- Geography – Insead places many graduates in Europe and Asia Pacific but also in 60 countries worldwide; Singapore schools (NUS, Nanyang, SMU) have the strongest reputation and placements in Singapore, SouthEast Asia, China and India
- Return on Investment – Insead, Nanyang, NUS, Nanyang and SMU rank 15, 17, 20 and 32, respectively in Financial Times’ value for money rank (2023), reflecting Singapore MBA programs’ great ROI.
Head-to-Head: Insead vs NUS vs Nanyang vs SMU
Comparison table best viewed on desktop or laptop. Last updated May 2023.
Insead | NUS | Nanyang | SMU | |
---|---|---|---|---|
Degrees Offered | MBA MBA+John Hopkins SAIS MA Int’l Affairs MBA+Columbia MA Education Leadership MBA+Yale MA in Advanced Management | The NUS MBA (12 or 17 mo.) NUS-Peking MBA (24 mo.) NUS-HEC MBA (24 mo.) NUS MBA-LKY MPP (24 mo.) NUS MBA - Yale SOM (24 mo.) | The Nanyang MBA (12 or 18 mo.) Nanyang–Essec MBA (24 mo.) Nanyang–St. Gallen MBA (24 mo.) Nanyang–Waseda (14 mo.) | The SMU MBA (10 or 15 mo.) |
Class Size | 1,000 | 100-120 | 80-100 | 60-80 |
GMAT (avg) | 710 | 670 | 670 | 660 |
Age (avg) | 29 | 29 | 28 | 29 |
Work Exp (avg) | 6 | 6 | 6 | 5-7 |
Class Makeup (no. nationalities) | 80+ | 24 | 15 | 15 |
Start Date | January; August | July/August | End July | January |
Length | 10 months | 17 months (with option to fast-track 12 mo.) | 12 months (with option to extend to 18 mo.) | 15 months (with option to fast-track 10 mo.) |
RANKINGS | ||||
Financial Times 2023 (2022, 2021) | 2 (3, 1) | 25 (21, 14) | 38 (39, 37) | 61 (51, 58) |
Bloomberg Businessweek 2022-23 | 2 in Europe | 4 in Asia-Pacific | Not ranked | Not ranked |
ADMISSIONS | ||||
Requirements | Bachelor’s degree GMAT (above 70-75th percentile in verbal & quant rec’d, IR 6 or above rec'd) or GRE (above 80th percentile in verbal & quant rec’d); scores 640+ encouraged Fluent English and Practical knowledge of 1 other language Rec’d min 2 years workexp TOEFL (105), IELTS (7.5), PTS (72) | Bachelor’s Degree GMAT or GRE Min 2 years workexp TOEFL (100), IELTS (7) | Bachelor’s Degree Competitive GMAT or GRE Min 2 years workexp TOEFL (100), IELTS (6.5) | Bachelor’s Degree GMAT or GRE Min 2 years workexp TOEFL, IELTS |
Deadlines | For Jan Intake Rd 1: Mar 7 Rd 2: Apr 18 Rd 3: Jun 27 Rd 4: Aug 8 For Aug Intake Rd 1: Sep 12 Rd 2: Nov 7 Rd 3: Jan 16 Rd 4: Mar 5 | NUS MBA Rd 1: Oct 31 Rd 2: Jan 16 Rd 3: Mar 30 NUS – LKY December 31 NUS – HEC March 31 NUS – Peking April 30 NUS - Yale SOM Coming Soon | Rd 1: Nov 1 Rd 2: Jan 15 Rd 3: Mar 31 | Rd 1: Mar 15 Rd 2: Jul 15 Rd 3: Nov 30 |
Application Fee | 250€ | 100 SGD | 100 SGD | 100 SGD |
Tuition | 97,000 - 98,000€ | 91,090 SGD (includes 8% GST) | 65,000 SGD (excludes 7% GST) | 70,200 SGD (includes GST) |
Est Living Costs | 2,530€/month (France) 3,225€/month (Singapore) | 1200-3000 SGD/month | 1200-1500 SGD/month | Not available |
Application Materials | Online application Resume 4 essays 2 recommendations Academic transcripts GMAT or GRE TOEFL/IELTS/TOEIC/PTE score report (if applicable) | Online application Resume 2 essays 2 recommendations Academic transcripts GMAT or GRE TOEFL/ IELTS score report (if applicable) Financial Support Documents | Online application Resume 4 essays 2 recommendations Academic transcripts GMAT or GRE TOEFL/ IELTS score report (if applicable) Financial Support Documents | Online Application Resume 2 essays 2 recommendations Academic transcripts GMAT or GRE TOEFL/IELTS score report (if applicable) |
Exchange | Wharton, Kellogg, CEIBS | 60 partner schools worldwide in 28 countries | Exchange, whether in the form of a full-term exchange or a summer programme, is possible only after completing the 12-month programme. Nanyang is a member of PIM, comprised of 65 partner schools worldwide | 5 partner schools in 5 countries |
Scholarship | 36% receive scholarships; average scholarship amount is 21,100€ 150+ scholarships available | 15 categories of scholarships available ranging from 10% to full tuition | 14 Merit-based scholarships available, ranging from 10-20% of tuition, awarded for gender, industry and geographic diversity | 8 categories of scholarships; award amounts range from 5,000-25,000 SGD |
Location | Time to City Centre: 15 min (taxi) 30 min (subway) | Time to City Centre: 20 min (taxi), 40 min (subway/bus) | Time to City Centre: 25 min (taxi), 60 min (subway/bus) | Time to City Centre: 0-5 min |
PROGRAM | ||||
Core Curriculum | CORE (14) Financial Accounting Financial Markets & Valuation Organizational Behavior I Prices & Markets Uncertainty, Data & Judgement Introduction to Strategy Corporate Financial Policy Managing Customer Value Organizational Behavior II Managerial Accounting Process & Operations Management Leadership Communication Foundations Business and Society Macroeconomics in the Global Economy | CORE (9) Corporate Strategy Financial Management Financial Accounting Managerial Economics Marketing Management Managerial Operations & Analytics Leading with Impact EXPERIENTIAL CORE (3): Launch Your Transformation MBA Survival Kit MBA Consulting Project | CORE (9) Accounting Finance Marketing Operations Strategic Management Technology & E-business Economics & Markets Analytics for Decision Making Corporate Governance & Ethics EXPERIENTIAL CORE (3): 1 leadership module 1 business study mission 1 strategy project | CORE (8) Corporate Finance Strategic Management Leading Digital Transformation Financial Accounting Managerial Economics Marketing Operations Management Organizational Behavior & Leadership |
Electives | Choose 11 electives from more than 75 courses | Choose 9 electives from 50 academic and experiential electives | Choose 4 electives from 40 | Choose 10 electives (opt to 14) from 30 |
Concentrations | Analytics & Operations Consulting Digital Business Finance Real Estate Marketing Strategy & Organization Healthcare Management | Banking & Finance Strategy & Innovation Business Analytics Marketing Management Sustainability & Innovation General Management | Sector Focuses in: Family Business and Entrepreneurship Finance Energy Technology |
|
CAREERS (taken from most recent career report available) | Class of 2022 | Class of 2019 | Class of 2021 | Class of 2019 |
Placement w/in 3 months | not available 94% received at least one job offer within 3 months | not available 94% received at least one job offer within 3 months | 93% | not available 80% accepted a job within 6 months |
Average Salary (sign on bonus) | 113,700 USD (26,900) 188,000 USD, 3 years after graduation | 74,000 USD 160,000 USD, 3 years after graduation | Not available 134,000 USD, 3 years after graduation | 98,600 SGD 121,000 USD, 3 years after graduation |
Salary Increase, 3 years after graduation | 96% | 138% | 107% | 115% |
Top Geographies | 63 countries of employment 48% Europe 25% Asia Pacific 12% Africa/Middle East 9% North America 6% South America | Not available | 30% East Asia 27% South Asia 16% Singapore 11% South East Asia 7% Europe 6% Americas | 67% Singapore 8% Japan 5% China 5% Taiwan 5% India 5% South East Asia |
Top Industries | 53% Consulting 22% Technology & Media 12% Corporate Services 12% Financial Services | Not available | 20% Technology, Media & Communications 19% Financial Services & Insurance 13% Consulting & Professional Services 10% Healthcare & Pharma 10% FMCG & E-Commerce | 21% Financial Services 19% Technology 10% Consulting 10% Manufacturing 10% Healthcare 5% Real Estate 5% Accounting |
Top Functions | Not available | Not available | Not available | 26% Marketing & Sales 20% Finance & Accounting 18% Consulting 13% Operations / Supply Chain 10% General Management |
Alumni | 31,000+ MBA alumni with 47 national chapters (173 countries); 63,000 Insead alumni | 40,000 NUS Business School Alumni 2,000 NUS MBA alumni from 40 countries with 10 global chapters | 50,000 Nanyang Business School Alumni in 90+ countries | Roughly 1,000 MBA alumni and 20,000 SMU alumni worldwide |
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