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With an economy exceeding $300 billion, Singapore has proven its great potential as a gateway to Asia-Pacific markets with a global presence, therefore it should come as no surprise that its MIM (Masters in Management) universities rank among the top institutions in the Financial Times ranking. The most sought-after courses in Singapore that open up a wide range of options are the MBA and MIM. For MIM students who want to start their own businesses, it supports a start-up environment that promotes investment and economic activity. Let’s dive into the blog to learn more about MIM in Singapore.
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Why Study MIM In Singapore?
The following are just a few of the many benefits of enrolling in a master’s in management programme in Singapore:
- Students do not need to have any prior work experience or educational requirements to enrol in a MIM programme in Singapore. As students can apply for this degree in Singapore with as little as one year of professional experience, if required by the universities, and can be admitted immediately after graduation.
- An internationally focused curriculum emphasising worldwide experiences and collaboration with the corporate market and networks is provided by the MIM course you can take in Singapore.
- One of the most well-known courses in Singapore is MIM, which combines rigorous theoretical instruction with electives like business ethics or online commerce.
- Students can obtain considerable international exposure in the business world through MIM Singapore courses.
Top MIM Universities in Singapore
Students from abroad who want to enrol in a MIM programme can search for various MIM universities in Singapore. International students are assisted by the MIM programmes in Singapore in overcoming difficulties encountered in the management sector. The following are a few MIM universities in Singapore:
| Universities | QS Ranking 2024 | Tuition Fee |
| National University of Singapore | 8 | USD 45,000 (INR 26 Lakh) yearly |
| PSB Academy | – | USD 17,999 (INR 10 Lakh) |
| Singapore Management University | =545 | USD 48,150 (INR 28 Lakh) |
| SIM University | – | USD 52,933 (INR 30 Lakh) |
| INSEAD | 2 | USD 19,482 (INR 11 Lakh) |
| Nanyang Business School | – | USD 28,381 (INR 16 Lakh) |
Also Read: MOE Tuition Grant Scheme, Singapore
Eligibility Criteria
The MIM programme is intended for recent graduates who are eager to develop their careers and their skill sets. For individuals who do not want to study for an MBA, enrolling in one of Singapore’s top MIM programmes has grown in popularity over the past 10 years. Some of the eligibility criteria are as follows:
- Academic Qualifications- International applicants for the MIM programme in Singapore should have a degree from a reputed institution.
- English Language Proficiency Test Scores- It will be beneficial to achieve a high score on the English Proficiency test for the MIM in Singapore. You must, however, confirm which university accepts the mentioned test results; IELTS (7); TOEFL iBT (100); PTE (72) etc.
- Work Experience- In Singapore, most universities and business schools do not require job experience for MIM.
- Standardised Tests- In Singapore, most universities and business schools do not require job experience for MIM.
- Passport and Visa – After completing all the documentation work students can apply for a passport and visa to get them without any delay.
Documents Required
International students must submit supplementary documentation for the MIM programme in Singapore to be admitted to universities in Singapore.
- Academic Transcripts
- Updated resume
- SOP
- LOR
- Scorecard of the GMAT/GRE (if applicable).
- Financial support documentation
- Scorecard of the TOEFL or IELTS
- Current Photographs (passport size)
Admission Process
A step-by-step strategy for applying to MIM colleges in Singapore is provided below:
- Do some research on the university where you wish to submit your MIM programme application in Singapore.
- Check all qualification and affirmation cycle information on the official college/university website to verify if the college accepts your bachelor’s degree as proof of qualification.
- Upload copies of the various necessary documents (mark sheets, resumes, IELTS/TOEFL, GMAT/GRE scorecards, etc.) that have been evaluated.
- Pay the application money and complete the necessary application process.
- You will need to get ready for a university interview after finishing and presenting your web-based application format.
- You will receive an admission letter from the chosen university after you successfully complete the interview. Your decision is officially confirmed in the letter, at this point you can reserve your spot at the preferred college.
- Pay your entrance fee and concur with the terms and conditions of the college before requesting a student visa for Singapore.
Also Read: Study Masters in Psychology in Singapore
Cost of Studying MIM in Singapore
The cost of doing a MIM course in Singapore varies depending on the lifestyle and college you choose. Tuition and living expenses can be used as additional sub-categories to further separate the expenditures.
Colleges in Singapore offer MIM programmes with a range of fee structures. The type of specialised course you choose will also affect the price. The usual MIM Singapore annual expense ranges from USD12,898 (INR 7.5 Lakh) to USD 38,694 (INR 22 Lakh).
| Universities | Cost (in USD) | Cost (in INR) |
| Public Universities | 38,687 | INR 22 Lakh per year |
| Private Schools | 35,000 | INR 20 Lakh per year |
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Scholarships for MIM in Singapore
The best option to reduce the expense of living and attending MIM institutions in Singapore is through scholarships. Singapore gives scholarships to foreign students, just like other national universities and colleges. In Singapore, students can apply for MIM scholarships. The following
list of scholarships includes some of them:
| Scholarships | Amount Granted |
| Hani Zeini Scholarship | USD 1,000 (INR 58,000) |
| Ritchie-Jennings Memorial Scholarship | USD 10,000 (INR 5.8 Lakh) |
| Harvey Fellowship | USD 16,000 (INR 9.3 Lakh) |
| Jared J. Davis Grant | USD 1,000 (INR 58,000) |
| Golden Key Graduate Scholar Award | USD 2,500 (INR 1.4 Lakh) |
Also Read: Singapore Student Visa
Career Opportunities
You will have many job opportunities in Singapore after receiving your master’s in management. A fulfilling job in a range of industries, such as investment firms, consultancy, change management engineering, fashion technology, and retail, is something you can achieve with a MIM degree. Many of these jobs pay well and provide bright future prospects.
| Job Prospects | Annual Package (in USD) |
| HR manager | 74,785 (INR 43 Lakh) |
| General operation manager | 42,550 (INR 26 Lakh) |
| Training manager | 48,997 (INR 30 Lakh) |
| Sales manager | 46,418 (INR 26 Lakh) |
| Social media manager | 33,524 (INR 19 Lakh) |
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FAQs
Singapore, however, is one of the most reasonably priced nations for overseas students to study MIM. The cost of living in Singapore is greatly influenced by your lifestyle and other decisions, however, it is quite affordable when compared to other nations like the UK or the USA.
A Master in Management (MiM) provides early-career students with the information they need to launch their business careers, whereas an MBA gives the majority of students the foundation for career acceleration or a career transition.
Singapore is consistently ranked as one of the safest nations in the world, and foreign postgraduate students find it to be a haven thanks to its cleanliness and low crime rate. International students pay tuition fees ranging from 5,000 to 40,000 SGD (depending on the topic area) at public universities like NUS and NTU.
After earning their MS in Singapore, students with strong academic records and degrees from reputable institutions can readily find well-paying professions. Singapore offers a minimum income of 2,140 SGD, an average pay of 8,450 SGD, and a maximum salary of 37,700 SGD each month.
The road to success will be opened up by pursuing MIM in Singapore. We addressed every significant area of higher education in Singapore, and we hope that it will be helpful to you. For more information, you can connect with one of our Leverage Edu experts at 1800572000.
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