MBA students in Singapore are offered a co-dependent ecosystem presenting them opportunities to learn in a booming digital economy and spring off into jobs in an interconnected world. Growing rapidly as one of the leading MBA destinations in Asia and across the globe, Singapore is gaining popularity for its MBA courses because of the low-cost investment and lucrative job opportunities.
Singapore is one of the leading destinations for MBA aspirants globally. The country competes with Shanghai and London as one of the fastest-growing global business hubs. Business Schools like the INSEAD, NTU and NUS are ranked among the top 50 business schools in the QS World MBA Rankings. Some of the reasons why students from all over the world travel to Singapore for pursuing the degree include the booming MBA job market as well as the financial aids available to students here. Additionally, it is much cheaper as compared to countries like the USA and the UK.
Business Schools in Singapore have been making it to the QS World MBA rankings and draw people from across the world. Over 37,000 international companies operating in Singapore along with three-unicorn start-ups are together responsible for a quarter of total tech investment in Southeast Asia for 2019. With MBA jobs in Singapore, students can expect to earn an average salary of 51,000 SGD (~27.98 lakhs).
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Top Recruiters for MBA Jobs in Singapore
MBA graduates in Singapore earn some of the highest salaries in comparison to national standards. The top recruiters for MBA Jobs in Singapore are listed below along with salary range they offer:
| Employers | Average Salary/ Year (SGD) |
|---|---|
| DBS | 32,672- 1,38,799 |
| Standard Chartered Bank | 36,011-2,00,189 |
| National University of Singapore | 31,064-1,05,507 |
| Citibank | 34,831-2,21,336 |
| Grab | 48,693-1,39,688 |
| Accenture | 7,000 (average) |
| Novartis | 11,000 (average) |
| Apple Computer, Inc | 5,000 (average) |
| Deloitte | 4,000 (average) |
| HP Inc | 4,000 (average) |
MBA Jobs in Singapore: ROI for Top Universities
Mentioned below is a list of the top 10 MBA programs available in Singapore. Besides providing excellent education, these universities also pride themselves in the salary packages bagged by their graduates at various top organizations across the country.
| University | Annual Salary Package (SGD) |
|---|---|
| National University of Singapore | 140,000 |
| Nanyang Technological University | 126,000 |
| Nanyang Business School | 162,000 |
| Singapore Management University | 91,000 |
| INSEAD - Singapore | 255,000 |
| Singapore Institute of Management | 140,000 |
| Management Development Institute of Singapore | 51,000 |
Please note that the salaries offered are inclusive of perks and many MBA Jobs in Singapore can offer pay scales lesser than what is mentioned above.
MBA Jobs in Singapore in Top Specializations
Pursuing a specialization in MBA can help you learn with your niche and a peer group with similar interests. Some of the top specializations and the MBA Jobs in Singapore in these sectors are discussed below:
MBA Finance Jobs in Singapore
A student specializing in finance for their MBA degree can go on to work in a variety of professions such as accounting, taxation, investment, hedge fund management etc. Mentioned below are the salaries of some of the most common professions after completing an MBA in Finance from Singapore.
| Job Title | Average Salary(SGD) |
|---|---|
| Account Examiner | 51,600 |
| Account Executive | 84,960 |
| Accountant | 63,600 |
| Accounting Assistant | 49,560 |
| Accounting Associate | 51,240 |
MBA Marketing Jobs in Singapore
Marketing MBA specializations train professionals in a variety of subjects such as marketing management, operations management, consumer behavior strategy, etc. MBA jobs in Singapore after opting for marketing as a specialization:
| Job Title | Average Salary(SGD) |
|---|---|
| Account Handler | 77,520 |
| Affiliate Manager | 108,120 |
| Analytics Specialist | 79,080 |
| Assistant Brand Manager | 108,720 |
| Assistant Product Manager | 118,320 |
MBA Operations Jobs in Singapore
Professionals with an MBA degree in Operations work in a variety of business leadership roles. Some of the MBA jobs in Singapore in operations are discussed below:
| Job Title | Average Salary (SGD) |
|---|---|
| Account Coordinator | 89,640 |
| Administration Manager | 103,680 |
| Area Manager | 99,960 |
| Asset Protection Associate | 118,920 |
| Assistant Director | 113,880 |
MBA HR Jobs in Singapore
Students completing their MBA degree with an HR specialization learn the skills of recruiting and managing employees. The average salary for HR employees in Singapore are mentioned below:
| Job Title | Average Salary (SGD) |
|---|---|
| Benefits Administrator | 63,120 |
| Benefits Analyst | 75,360 |
| Benefits Manager | 10,600 |
| Chief People Manager | 13,600 |
| Compensation Analyst | 127,200 |
How to Find MBA Jobs in Singapore
The Singapore government offers generous job opportunities for international students completing their MBA degrees in Singapore. Graduates who have completed their degree may seek suitable employment via online job portals or rely on university-organized employment drives.
Popular Online Job Portals
Online job portals are an effective resource for finding the ideal job after MBA in Singapore for yourself. Here are the names of a few online job portals- some universal while others are Singapore-specific:
- JobsDB: JobsDB may well be called the most popularly used online job portal in Singapore. The website offers thousands of job vacancy listings. Search results can be filtered using location specifications and job titles.
- JobStreet: JobStreet is another online job portal which is just as popularly used as JobsDB mentioned above. Thousands of job vacancy listings can be found on this website ranging from small businesses to MNCs. Applicants can easily find job vacancies useful for them by specifying the minimum salary required.
- MyCareersFuture.sg: This job posting website is run by the Singaporean government and aims to connect job applicants with employers offering competitive salaries.
Other online platforms that can be useful for finding MBA jobs in Singapore include Monster.com, LinkedIn Jobs, StartUp Jobs etc.
University Career Placement Programs
Top universities in Singapore that offer MBA degrees such as NUS and INSEAD offer dedicated employment assistance programs to students. Recruitment events, networking events, skills development workshops and corporate sessions are organized to help students gain an introduction into the professional world.
In the year 2020, INSEAD reported an employment rate of 92% of it’s graduating batch within 3 months of leaving college. In NUS 94% of students were placed in full-time employment positions within 3 months of graduation. These graduate employment percentages are representative of great post-study opportunities in Singapore.
MBA Internships in Singapore
Internships are an integral part of the MBA experience. In the traditional 2 year MBA program a summer internship program is usually integrated into the course structure which can range anywhere from a few weeks to around 10 months. Universities offer every assistance to MBA students in finding suitable internship programs. Additionally, students can apply independently to internship positions being offered by a company’s website.
INSEAD: INSEAD offers extensive assistance to MBA students, in finding suitable internship opportunities. In 2019, over 77% of their students completed an internship program or a project.
On average, students earn a salary of 4,700 USD while working in their summer internships/ projects. Students can find internships in the Fintech, IT, Investment Banking, Manufacturing sector and others.
Graduate Internship (MBA) offered by Dell: Dell offers a competitive graduate internship program in product marketing for students currently pursuing an MBA degree at a Singapore institute.
The internship spans a period of 3 months over which the candidate will be placed in a high-impact strategic project in domains such as product management, product marketing, and consumer marketing. Applying candidates are expected to have at least 3 years of prior work experience and talent in inspiring confidence. More information about the internship program can be found at
KPMG-Deal Advisory Infrastructure & Projects (MBA Internship): KPMG offers an MBA internship spinning 2-6 months to students currently pursuing an MBA at an institute in Singapore.
Candidates applying are expected to have at least 2 years of experience in an infrastructure-related sector. Students who have past experience in working on ASEAN-based projects will be given priority over others. Their responsibilities while on the internship would include policy and regulatory advisory, strategic planning, procurement services, etc.
Post Graduation Work Permit for Singapore
Students who wish to stay back and work in Singapore after completing their MBA degrees are required to apply for a work visa. In Singapore, there are 2 main types of work visas available to international workers.
- Skilled and Semi-Skilled Workers: This visa is called an S pass which allows individuals of all nationalities to live and work in Singapore at various skilled and semi-skilled employment positions. In order to be eligible to receive this pass, individuals are required to demonstrate that they earn a minimum of 2,200 SGD.
- Professional Workers: Individuals interested in running their own businesses in Singapore rather than working as an employee are required to apply for the Employment Pass. Individuals who earn a minimum salary of 3,300 SGD and work in an executive position may apply for this visa. Professionals who have worked in Singapore on the Employment Pass also qualify to apply for the Advanced Employment Pass.
The COVID-19 pandemic had halted the normal functioning of the visa granting bodies in Singapore. During this period, the government had halted the process of granting new work permits to international workers and extended the validity of the existing permits. Employers were allowed to request the extension of validity of work permits for the employees online. As of January 2021, most of the visa granting processes have returned to normal.
Singapore has a lucrative job market for MBA professionals from all over the world. Students who complete an MBA degree from the country itself have all the opportunities to avail the benefits of the booming employment options. Besides offering competitive salaries, Singapore is a much more affordable option in terms of living costs as compared to Western countries.
FAQs
Ques. Is it wise to invest in an MBA degree from Singapore?
Ans. Singapore is home to some of the top-ranked business schools in the world, offering quality education as well as excellent job prospects after graduation. Professionals seeking exciting careers at a lower cost than what is required in many western countries should definitely consider the option of completing an MBA degree from Singapore.
Ques. Can I work in Singapore after completing an MBA degree here?
Ans. The Singapore government allows international workers to stay back and work in the country after completion of studies. Graduates are required to apply for either the S Pass or the E Pass to legally work in Singapore.
Ques. What is the cost of pursuing an MBA degree in Singapore?
Ans. The cost of completing an MBA degree in Singapore can range anywhere from 15,000 to 30,000 SGD.
Ques. What jobs will I get after completing an MBA degree in Singapore?
Ans. Graduates who complete an MBA degree from a recognized business school in Singapore should expect to find employment at various executive and management level positions across business sectors ranging from finance to manufacturing & infrastructure.
Ques. Which MBA specialization should I pursue in Singapore?
Ans. Popular MBA specializations in Singapore include Finance, Marketing, Operations, Human Resources etc.
Ques. What is the average salary of an MBA in Singapore?
Ans. On average, professionals holding an MBA degree in Singapore can expect to earn 80,000 to 90,000 USD per year.
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