If you are still wondering "Is an economics degree competitive enough in the digital and artificial intelligence (AI) era?" or not, then studying business administration in Singapore is probably an option not to be missed.
Singapore has emerged as an ideal "green zone" of international education. It is known as a really short and economical learning path, so what is it really like? Let's find out together right here!
Table of Contents
Why should you study business administration in Singapore?
Corporate governance refers to the overall control of a company's operations. You are the one who establishes rules, policies and operating mechanisms, aiming for sustainable and effective development.
There are many reasons to study business administration in Singapore such as:
Learned many things
This is the most comprehensive and comprehensive sector in the economic sector. You don't just learn deeply about a single skill, but are trained to understand how a business operates from top to bottom: from Human Resources (HR), Finance - Accounting, Marketing, Production Operations to Strategic Management.
The more knowledge you have, the better your ability to solve case studies.
Career opportunities
Studying business administration in Singapore offers a clear advancement path. Whether you start as a business specialist, human resources specialist, or management intern, you can advance to the following positions: Department Head, Division Director, Chief Executive Officer (CEO).
Soft skills are expensive
Leadership, communication, negotiation and conflict resolution skills; Critical thinking and the ability to make decisions under time/data pressure are qualities you will definitely learn when studying business administration in Singapore, helping you not be afraid of being replaced by AI.
Conditions for studying business administration in Singapore
Singapore does not require complicated financial proof and Visa (Student Pass) pass rate. Therefore, the conditions for studying business administration in Singapore will depend on your choice of Public School or Private/International School, and your specific case.
In case you just finished 9th grade or 10th or 11th grade in Vietnam
Route: pre-university study → college → bachelor.
Academic requirements: Completed grade 9, 10 or 11 with a grade point average (GPA) of 6.5 or higher.
English requirements: IELTS from 4.5 - 5.5. If you don't have IELTS, you can go to Singapore to study the school's preparatory English course before entering the main course.
In case you have graduated from high school (12th grade)
Pathway: Study directly at College (equivalent to year 1) → Advanced College (year 2) → Bachelor (final year) to obtain a British/Australian University degree. (The total time is only about 2 - 2.5 years).
Academic requirements: Graduated from high school with a GPA usually from 6.0 - 6.5 or higher.
English requirements: IELTS from 5.5 - 6.0 (no skill below 5.5) or pass the school's English entrance test score.
Cases for obtaining a Master of Business Administration (MBA) degree
Roadmap: Study 12 - 18 months to get a master's degree.
Academic requirements: Graduated from a university in Vietnam (some schools accept all majors, some schools require equivalent majors).
English requirements: IELTS from 6.0 - 6.5.
Work experience: Depends on school. High-quality private schools usually do not require experience, while public schools or high-level MBA programs require 2 – 3 years of experience.
Cost of studying business administration in Singapore
To help you and your family best prepare, below is a breakdown of the specific costs of studying in Singapore to study business administration:
Preparation costs
Below are the necessary amounts to complete the application:
Admission registration fee: 300 SGD - 500 SGD (~ 5.7 - 9.5 million VND). Submit directly to the school for review and system closure, non-refundable.
Student Pass application fee paid to ICA: 120 SGD (~ 2.3 million VND). Includes application processing fee and card issuance fee after arriving in Singapore.
Translation and notarization of documents: About 1 - 2 million VND (depending on the number of documents).
One-way flight ticket (Vietnam to Singapore): About 2 - 4 million VND (depending on the airline and time of booking).
So total preparation cost: About 11 - 18 million VND.
Tuition
Tuition fees for Business Administration vary greatly between Public schools and Private/International schools.
For Public Universities (NUS, NTU, SMU): Tuition to study business administration in Singapore is about 32,000 - 38,000 SGD/year (including the Government's Tuition Grant scholarship) => 4-year study total is about 2.4 - 2.8 billion VND.
For Private & International systems: Full course tuition is:
University Preparation (For students finishing grades 9, 10, 11): 4,000 - 6,000 SGD (~ 76 - 114 million VND)
College (Diploma – Year 1): 10,000 – 14,000 SGD (~190 – 266 million VND)
Bachelor (Bachelor – Year 2 & 3): 22,000 – 32,000 SGD (~418 – 608 million VND)
Master's degree (MBA): 24,000 - 35,000 SGD (~456 - 665 million VND)
Living expenses
Singapore is a country with a high standard of living in Asia, in which rent accounts for the largest proportion of international students' budgets.
Level 600 - 800 SGD: Double room (sharing 2 people) in government apartments (HDB) or private dormitories.
Level 900 - 1,200 SGD: Free single room (Common Room), shared bathroom at HDB or double room in luxury apartment (Condo).
Food and drink: 400 - 600 SGD/month (~ 7.6 - 11.5 million VND). Eating at Singapore's popular Food Court and Hawker Center costs about 5–8 SGD/meal.
Travel (MRT & Bus): 100 - 150 SGD/month (~ 1.9 - 2.8 million VND). Singapore's public transport system is very cheap if you swipe an EZ-Link card.
Other personal expenses (phone, necessities, entertainment): 100–200 SGD/month (~1.9–3.8 million VND).
So total average living expenses: About 1,200 - 1,800 SGD/month (equivalent to 23 - 34 million VND/month, about 270 - 400 million VND/year).
Schools that train business administration in Singapore
When studying business administration in Singapore, you have many school options, because this is a very popular field, loved by many students.
Public school group
NUS (NUS Business School) continuously ranks first in Asia (according to QS World University Rankings).
Outstanding with a global training program that closely follows Asian economic realities, the school also has an alumni network including many CEOs and senior planners.
Students have the opportunity to participate in exchange semesters at Ivy League schools (USA) or top schools in the UK and France when studying business administration in Singapore at NUS.
Nanyang School (NBS) is ranked Top 3 in Asia (after NUS) and achieved prestigious AACSB and EQUIS certifications.
NTU's great strength is the combination of Business Administration and Technological Innovation. Students here learn how to operate businesses in the era of digital transformation, AI and big data (Big Data).
Among the schools studying business management in Singapore, there are few schools with an American-style learning model (designed according to the standards of Wharton School at the University of Pennsylvania) like SMU.
The school applies the Seminar method (small classes under 45 people, round tables, continuous interaction, presentations and debates). SMU students are famous in Singapore for being dynamic, confident and having the most "formidable" communication and negotiation skills.
Private & International school group
Outstanding with the largest and most modern Campus, SIM is affiliated with and grants a regular bachelor's degree in Business Administration equivalent in value to a degree from
University of London (UOL - UK): Top of the oldest and most prestigious schools in England.
RMIT University (Australia): Extremely strong in Economics and practical applications.
Thanks to building a serious academic environment, the ratio of native students is high, creating international Networking opportunities.
As one of the most loved institutes by Vietnamese students, achieving a 4-year EduTrust certification, Kaplan is always among the top private institutes offering the best Business Administration training.
This is an opportunity to study business administration in Singapore, but receive a degree equivalent to Murdoch University (Australia), Northumbria University (UK) or University College Dublin (National University of Ireland - top 1% school in the world).
It only takes you 24 - 26 months of study, optimizing costs. The school is located right in the center of Singapore, very convenient to travel.
JCU's School of Business achieves AACSB accreditation (only 5% of business schools in the world do). Among the fields of study abroad in Singapore, the Business Administration program here helps significantly shorten the time. You will study 3 semesters/year, earning a Bachelor's degree in exactly 2 years.
In addition, students can transfer to James Cook University, Australia to study for 1-2 semesters with tuition fees remaining the same as in Singapore.
How to apply for a visa to study business administration in Singapore
Applying for a visa to study business administration in Singapore is quite simple and can be summarized in the following steps:
Submit documents to the school (including transcripts/transcripts, diploma and English certificate, etc.); Pay admission registration fee; Receive an official admission letter.
Open a SOLAR account; Fill out the online form (eForm 16, V36) and pay the review fee; Receive In-Principle Approval (IPA) letters.
Health check in Singapore; Receive a Student's Pass card.
Conclusion
To become a global leader, studying business administration in Singapore is the door to the future with optimal training time (only 2 - 2.5 years), dynamic international environment, streamlined online Student's Pass visa procedures,... You can choose schools like SIM, James Cook University,...
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