Average MBA Salary in Singapore Offered to Indian Graduates


Sristy Sharma
Updated on Sep 15, 2022 09:40 AM IST

Today, Singapore is certainly renowned for a stable economy, high standard of living and lucrative salaries. Explore MBA salary in Singapore, how it is better in comparison to other countries, and what makes it so attractive. 

Average MBA Salary in Singapore Offered to Indian Graduates

MBA Salary in Singapore: Singapore is the dream city-statefor lakhs of job-seeking graduates from across the world. The countrys attractiveness is supported by the presence of high-paying jobs paired with a cosmopolitan lifestyle. Additionally, Marina Bay Sands and Ocean Financial Centre are topdestinations for all job seekers, from executives to CEOs. And, as MBA graduates are known to have the highest salaries among all job profiles, their compensation in Singapore is also high.

What makes Singapore so inviting is not just these opportunities for growth but also the salaries they offer. Being among the most expensive cities in the world, employers have to ensure proper compensation to retain the workforce. The majority of workers and employees are paid well to survive the basic necessities and still have enough for entertainment and savings.

MBA salary in Singapore is among the highest in the world and this article proves it with figures and arguments. Explore here the advantages of working in Singapore, top recruiters, ROI comparison with other countries, and possibilities to study MBA in Singapore.

Explore MBA Salary in USA, UK, Canada, etc!

Why Work After MBA in Singapore?

Although a good salary is a major argument for any employee to work in a particular country, city, or organisation, it is not everything. Apart from a good MBA salary in Singapore, employees can also experience a fostering environment and good quality of life.

  • Hub of Corporate Culture: In the current era, there are certain hubs around the world that act as the intersection of all business and market forces, such as New York, Bengaluru, Sydney, and London. Singapore is one of them and probably the most popular one as well. The city has branch offices of all the top MNCs, and in combination with the rich cultural intersection, they are the most profitable of all

  • Reputed MBA Colleges: Singapores MBA colleges are counted among the best b-schools in the world. NUS, SMU, and Nanyang Business School are indigenous b-schools in the country. All three of them have been ranked by the Financial Times among the top 100 MBA colleges in the world. Apart from them, many foreign b-schools have campuses in Singapore, such as London Business School, Insead France, James Cook University, and ESSEC.

  • Diverse Cultural Experience: Singapore, being an intersection of the worlds business and market forces, attracts people from all over the world. Its cultural diversity makes it look like a community centre of the world. The most archaic traditions lose their identity here, but genuine and positive ones flourish, making Singapore the most culturally rich in the world.

  • Peak Urban Experience: The presence of booming corporates, businesses, and market forces ensure an endless flow of income in the city. The graduates earning an MBA salary in Singapore can easily get access to all pleasures and luxuries of urban and high-tech lifestyle, while they compensate for their educational costs and basic necessities.

MBA Salary in Singapore 2022

MBA salary in Singapore is not uniform across all industries and job profiles. Since every job requires a different set of skills and services, the professional remuneration is based on the intensity, stress, and level of the job. Here are the highest paid and most popular job profiles for MBA professionals in Singapore, and their annual salaries:

Job Profiles

Average Annual Salary (INR in Lakhs)

Business Development Manager




Data Processing Manager


Finance Expert


Hospitality Manager


Human Resource Manager


Investment Banker


Marketing Manager


Operations Manager


Sales Analyst


Source: Glassdoor.com

MBA Salary in Singapore VS Other Countries VS India

Even as an MBA salary in Singapore is clearly awarding it does not make it worth. If it is not as good as salaries offered in other countries, then it fails to be a proper remuneration for MBA professionals. Explore here the annual tuition fees of MBA courses and annual salaries of MBA professionals in other countries and India:

Other Study Abroad Destinations

Average Annual MBA Fees (INR in Lakhs)

Average Annual MBA Salary (INR in Lakhs)

























Source: Glassdoor.com

Top MBA Colleges in Singapore 2022

Singapore is not only famous for its own universities and colleges, but it is a favoured city for international campuses of top universities in the UK, USA, Canada, and Australia. Here are some of the top MBA colleges in Singapore along with their annual tuition fees and annual salaries of their MBA graduates:

Name of University

Annual Tuition Fees (INR in Lakhs)

Annual MBA Salary (INR in Lakhs)

ESSEC Asia-Pacific



Insead, Singapore



James Cook University, Singapore



London School of Business and Finance, Singapore



Nanyang Business School, NTU Singapore



National University of Singapore Business School



Ngee Ann Academy



Singapore Management University: Lee Kong Chian



Source (MBA Salary): Emolument

Popular MBA Specialisations in Singapore for Indian Students

MBA specialisations are many, and if not sure about which one is best for oneself, then a student must refer to popular MBA specialisations of a country. They allow them the best chance at high-paying jobs and qualifying MBA courses. Here are 10 popular MBA specialisations in Singapore, along with a description of what the course study entails:

MBA Specialisation



The branch deals with the concepts for recording the income and expenses of a business. It helps budding managers to understand how they can use the concepts of accounting in favour of their business.

Asian Business

The branch deals with the indigenous and culturally diverse concepts of Asian countries and their business norms. The different communities and their business practices are studied in this specialisation.


The specialisation deals with collaborating the concepts of traditional banking with the business and management concepts of the current era. It deals with merging the liquid market and entrepreneurship.

Business Analytics and Big Data

The 21st century is the century of information and big data. As all storage and data turn digital, it is important how to safeguard the information and use the accessible one in legal ways. The specialisation deals with the study of these aspects.


The science of business management, right from start-up to its success, expansion, exploration of new markets, and sustenance are dealt with by this MBA specialisation. The students have to also study the identification of threats and opportunities, and various techniques to sustain a business.


Any concurrent business acts as a network channel of financial flow. The branch deals with the study of financial flow, how to identify its different aspects, and how to control it in a favourable manner for the business.

General Management

The converging point of all managerial activities of any company is general management. The area deals with the coordination of all the operations and departments of an organisation.

Human Resources

The most important resource of the business is studied in this branch for its management scope. The manner in which human resource acts and reacts is studied to identify proper techniques to control and manage it in favour of the organisation.

International Business

As the indigenous market expansion reaches saturation businesses have to look forward to international expansion, as the market remains unchanged for a few years. The various aspects and nuances of the expansion are considered in this branch of MBA specialisation.

Investment Management

Every organisation has to make short-term and long-term investments to ensure a reliable financial flow in the business. This MBA specialisation deals with how a manager can identify the profitability of an investment, procedures of investing and divesting, and various types of investments available.

ROI on MBA Salary in Singapore vs Other Countries

ROI or Return on Investment shows how much annual income can be generated through investment. An ROI of 1 shows that the annual income covers the cost of investment. In the case of MBA salary in Singapore, ROI refers to the annual income of MBA professionals, which is the annual MBA salary in Singapore. This is compared with the cost of investment which is the annual tuition fee of MBA courses in Singapore.

With an annual MBA salary of INR 72,10,000, and an average annual MBA tuition fee of INR 49,10,000, the ROI of MBA in Singapore is 0.47.

Here is a comparison of Singapores MBA ROI with other countries' MBA ROI, and comments on each comparison analysis:



Comparison with Singapore ROI



Australian MBA graduates are offered better compensation in comparison to Singapores MBA professionals. They are able to cover their educational costs within a period of 3-4 years.



With only a marginal difference, the MBA salary in Canada and Singapore are similarly compensating. Hence, Canadian graduates can expect a period of 7-8 years to cover their educational costs.



MBA salary in France is within the same range as Australia. It is at least 0.75 times higher than Singaporean MBAs.



Significantly higher than the MBA salary in Singapore, German MBA graduates can easily cover their educational costs within 4-5 years.



The comparison fades too much. Although private MBA colleges charge the same fees as Singapores b-schools, market compensation of MBA graduates in India do not earn much in the initial years.



The highest ROI among all countries show how affordable education and professional services compensation can be beneficial to both the economy and graduate.



MBA salary in UK is in the same range as Australia, France, and Germany, with a marginal difference. Though it may take graduates 5-6 years to wholly cover their educational costs, the compensation is respectable.



In comparison to fees charged by MBA colleges in USA, MBA salary in USA is extremely low. Except for India, it is the only country compared to has a negative ROI.

Top Recruiters in Singapore

As an economic centre and corporate hub, the organisations offering employment in Singapore are many. Among them, the recruiters paying the highest MBA salaries in Singapore are listed below, along with their average remunerations for MBA professionals:

Name of Recruiter

Annual MBA Salary in Singapore (INR in Lakhs)







Deutsche Bank


Goldman Sachs




Heinemann Asia Pacific


JP Morgan


Marina Bay Sands, Singapore


McKinsey & Co.


Source: Glassdoor.com

International students and job seekers are assured of a promising future in Singapore. The city is rightfully a land of opportunities and growth and students can effectively make the most of them. Apart from aspiring to be a beneficiary of MBA salary in Singapore, students can also opt to finance their own start-ups. Ventures in the country are highly supported by the local government. In fact, due to the international environment, countries like China have separate rules, laws, and even currency in the city-state.

Have a conversation with experts about how MBA in Singapore can be beneficial to you personally. You can also reach out by writing at abroad@collegedekho.com.

Apply for MBA in Singapore!


What is the tuition fee for MBA in Singapore?

The tuition fees for MBA in Singapore range from USD 50,000-80,000. These figures are not representative of all universities and b-schools in Singapore. The amount is only what a student can expect their annual tuition fees to be. The actual amount may be higher or lower than the same depending on the university.

What are the common eligibility criteria for doing MBA in Singapore?

The common eligibility criterion for doing MBA in Singapore is that you must have a bachelor's degree in a relevant field. The majority of top universities would require a GPA equivalent to 83% or above in your bachelor's. Additionally, GMAT scores (or GRE), work experience of at least two years, English proficiency tests (IELTS, TOEFL, PTE Academic, or Duolingo), and application essays are also asked for.

Is GMAT compulsory to do MBA in Singapore?

No, GMAT is not compulsory to do MBA in Singapore. As many b-schools in Singapore are going test blind for the upcoming academic years, you can easily apply for MBA courses without GMAT scores as well. However, many top b-schools are still requiring GMAT scores of 700 or above for admission. Alternatively, you can use GRE scores, equivalent to the GMAT score requirement, to apply if your intended b-school allows.

Is MBA SOP compulsory for admission to MBA colleges in Singapore?

Yes, MBA SOP is compulsory for admission to MBA colleges in Singapore. Even if the b-school you are applying to does not require MBA SOP, you must submit one. It acts as your personal introduction and includes why you chose to do MBA in a particular specialisation, and in Singapore. Your MBA SOP allows you a chance to have a conversation with the selection panel of your b-school.

Which are the common question prompts for application essays for b-schools in Singapore?

The common question prompts for application essays for b-schools in Singapore are motivation, leadership, post-MBA professional goals, cultural shock, application of personal values in the profession, and ethics and business. These application essays are different from MBA SOP, and they provide an insight into the applicant’s thought process and opinions to the admission committee of the business school.

Can I earn an MBA salary in Singapore after studying MBA in India?

Yes, you can earn an MBA salary in Singapore after studying MBA in India. There are many MBA graduates of India who have been able to bag jobs in Singapore. However, you might need to ensure an exemplary record and work experience for this. If you have graduated from IIMs or ISB, it is easier for you to get a job in Singapore in comparison to other MBA colleges.

Is MBA salary in Singapore the highest in the world?

No, MBA salary in Singapore is not the highest in the world. However, it is among the top seven MBA salaries in the world. The average salary easily surpasses that of the USA and India, and additional perquisites are common add-ons. MBA graduates are also offered a hefty signing amount on the confirmation of their employment in Singapore.

What is the average MBA salary in Singapore per month?

The average MBA salary in Singapore per month is INR 2,80,000-4,27,000, which is the average MBA fresher salary. The highest per month salary is INR 8,82,000-13,05,000. These are only representative and your salary may be higher. As an MBA graduate in Singapore, you will earn at least INR 25,56,000 annually (INR 2,13,000 monthly).

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