You’re a amount holder and you’re now attractive for a way to get advanced on the accumulated ladder. To advance your administration abilities and widen your able network, you may be because demography an MBA in Singapore. At $33,000 to $134,000, it’s no baby sum. Should you do it? Where can you enrol?
MBA stands for Master of Business Administration, which aboriginal started in the US at the about-face of the automated age. Today, accumulated workers booty MBAs to accession their careers and rub amateur with able aeon from altered fields.
The top MBAs in Singapore are INSEAD Singapore, NUS MBA and NTU MBA. But there are additionally added celebrated ones like ESSEC All-around MBA, SMU MBA and the new SUSS MBA.
How advantageous your MBA will be absolutely depends on your career choices. Don’t apprehend that your bang-up will recognise you aback now that you accept an MBA. You will accept to actively seek out opportunities by either switching to a new role, industry or organisation.
Also, apperceive that the amount of an MBA is not necessarily in the rigour of its curriculum. Rather, it is in the admission to accumulated able networks.
Most times, the authority of the academy affairs added than the degree. There has been anecdotal affirmation that accepting an MBA on the resume can sometimes backlash adjoin a job appellant if it is not from a top-tier school.
So definitely don’t booty an MBA as aloof a adventitious to to adore apprentice activity afresh as you will aloof be crumbling the money and opportunity.
When researching for MBAs, you may accept appear beyond the Graduate Administration Admission Test (GMAT).
GMAT is a specialised assay that you can booty that tests on your analytic skills, reasoning, table analysis, cartoon estimation and so on. What it does is that it sieves out the top botheration solvers from the boilerplate ones.
Top all-around MBAs about crave a GMAT account of at atomic 700 (out of 800), abnormally in the US. In Singapore, the GMAT is a claim for all MBAs. However, MBAs in Singapore about amount alive acquaintance added than a arch GMAT score. You will charge at atomic 2 years of alive acquaintance to apply.
The controlling MBA (EMBA) is sometimes apparent as added above to the MBA, but absolutely the aberration is in the akin of candidates who apply.
EMBA about admits candidates of chief authoritative position with added than 12 years of alive experience. Hence, candidates are evaluated based on the able networks that he can accompany to the table as able-bodied as assignment acquaintance rather than bookish records, which may be anachronous and not a acceptable gauge.
For comparison, enrolling into the NUS MBA requires 2 years of alive acquaintance but the celebrated UCLA-NUS Controlling MBA requires 12-19 years of assignment experience.
Want a amount with all-embracing accumulation but not accessible to booty the attempt and move across for one or two years? The INSEAD MBA offers a blessed medium.
INSEAD (Institut Européen d’Administration des Affaires) is a French alum business academy with campuses in France, Singapore and Abu Dhabi. It receives consistently aerial rankings and is allegedly one of the world’s best full-time MBA courses.
One advantage is that they’ve got an accelerated MBA programme that lasts alone 10 to 12 months, which is absolutely a additional if you’re afraid to jump aback into application anon after. That does mean, though, that the advance will be actual intense.
The additional advantage is that you get the adventitious to accretion all-embracing exposure. You’ll absorb allotment of your amount in Singapore and allotment of it at one of their added campuses, and the apprentice anatomy and adroitness are acutely international. This is absolute if you’re acquisitive to arrangement and acquisition assignment abroad.
As the top MBA in Asia, additional alone to Stanford Alum Academy of Business on The Financial Times All-around MBA Baronial 2018, the authority is reflected in its fees. It is the best big-ticket MBA in Singapore at hardly over $134,000.
INSEAD MBA admissions requirements:
INSEAD MBA Fees: 84,000 euros (SGD $134,131)
ESSEC (École Supérieure de Sciences Economiques et Commerciales) is a French business academy that has set up campuses in Singapore and Morocco. It is advised a celebrated academy in France and their Master of Science in Administration has accustomed actual aerial common rankings.
Like INSEAD’s programme, ESSEC All-around MBA can be completed in one year at its Singapore campus and acceptance will be accustomed the adventitious to abstraction at their French and Moroccan campuses, too. If you ambition to accomplish all-embracing contacts and possibly get a job overseas, you aloof ability get your chance.
So why accept ESSEC over INSEAD? ESSEC has some actual industry-specific majors including agenda business and innovation, affluence cast administration and accommodation management.
And also, it’s cheaper lah.
ESSEC All-around MBA admissions requirements:
ESSEC All-around MBA Fees: $73,700 SGD (Singapore campus)
NUS is acceptable at aggressive up in all-embracing rankings, and the NUS MBA has a appropriate Times baronial aural the world’s top 20. The full-time MBA can completed in 17 months, with acceptance about spending one division adventure an internship and accession on exchange, in accession to accommodating in across trips. They additionally action a part-time MBA.
They’ve absolutely got several permutations of the MBA. Added than the absolutely NUS degree, they additionally action a few double-degree programmes, including collective courses with Peking University, HEC Paris, Yale University and the Lee Kuan Yew Academy of Public Policy.
NUS MBA acceptance reportedly adore some networking contest and application talks, although their career casework are reportedly not as acceptable as SMUs. When it comes to classes themselves, the affection absolutely depends on the professors, some actuality bigger than others.
NUS MBA admissions requirements:
NUS MBA Fees: $66,340 (full-time and part-time)
The NTU MBA can be undertaken on a full-time or part-time basis. It has additionally accustomed aerial all-around rankings, but the NUS MBA is about advised abundant added celebrated than the NTU MBA by bounded employers.
They additionally action full-time bifold degrees with Waseda University, ESSEC and University of St Gallen. The above will booty 14 months to complete, and the added two 24 months. All three will absorb a assignment in Japan, France or Switzerland.
For those who are not adventure bifold amount programmes, the acquaintance will be a bit beneath all-embracing than those of some of the added MBAs on this list. The 12-month programme is acute and does not leave allowance for barter programmes or internships, although acreage trips away ability be organised.
NTU MBA admissions requirements:
NTU MBA Fees: $62,513
As with their bachelor’s amount programmes, SMU’s MBA tends to be actual applied in focus. So apprehend lots of chic accord and accumulation projects, the adventitious to commence on across captivation trips and lots of networking contest and career advising services. About 65% of your adolescent acceptance will be all-embracing students.
The SMU MBA takes 1 year to complete on a full-time base and 18 months allotment time.
SMU MBA admissions requirements:
SMU MBA Fees: $64,724 (full-time), $68,480 (part-time)
SIM University afresh got rebranded as SUSS and the university’s MBA programme takes 18 months to complete. The programme is advised for bodies who appetite to abide to assignment full-time, so there is no charge to abdicate your job.
SUSS MBA can be a acceptable advantage if your capital ambition is to accord your abilities a little accession and apprentice a bit at the aforementioned time while continuing to authority on to your full-time job.
But of course, you should know that the SUSS MBA may not accessible the aforementioned kinds of doors as a top-ranked MBA programme will.
SUSS MBA admissions requirements:
SUSS MBA Fees: $32,956 (Singapore citizens and PRs), $39,547.20 (other residents)
Do you anticipate it is advantageous to get an MBA? Share your angle in the comments.
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The column Top 6 MBAs in Singapore – How Abundant Does An MBA Amount and Is It Account it? appeared aboriginal on the MoneySmart blog.
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