MBA Scholarships in Singapore

"Made up your mind of traveling to the happiest place in Asia: Singapore?” - Dan Buettner

It’s surely a brilliant idea to pursue your higher education in the global business hub of Asia: Singapore! With the world’s most spectacular airport, Singapore’s growth is contributed by exponential growth dating back to decades along with other aspects

Tech giants like Google and Facebook have set up their Asia-Pacific headquarters in the country owing to the country being titled Asia’s global business hub. These tremendous investments in the country, in turn, create new employment opportunities for everyone! Singapore’s not just a melting pot, it’s a gourmet buffet for global minds!

The globally competitive education standards in Singapore lead to a high preference of a study experience in the robust country. Indian students are increasingly applying to unconventional countries other than the Big 4 (US, UK, Canada and Australia) to experience diverse cultural experiences, specialised academic programs, and a relatively lower cost of studying and living. Studying in Asia’s global business hub is a dream for many, due to its high-quality education system, globally renowned prestigious institutions and vibrant multicultural environment. But, this dream of many aspiring students’ is shattered on knowing the prohibitive costs involved in the process. From tuition fee to living costs to other expenses, it can total up to be a bomb! Scholarships for Indians seeking to study in Singapore can serve as a lifeline, enabling us to pursue our academic ambitions in a country known for its world-class education system.

How are scholarships a boon to aspiring study abroad students?

Financial assistance in the form of scholarships helps students in making the right choice when it comes to studying abroad, as the costs involved may be an obstacle for them. As Indian students, we lean towards choosing our study destination based on the extent of financial aid provided. Scholarships help in reducing the financial burden of higher education in a foreign land by covering tuition fees, living expenses and other expenses too, and thus, play a vital role in making education accessible beyond borders.

Scholarships available for Indian students for MBA in Singapore

The cost of living in Singapore is comparatively higher than most Asian countries, but offers more economical options for higher education than the other renowned study abroad destinations. To ease the financial burden on international students willing to study in Singapore, the government provides numerous scholarships and other fellowship programs to students to get financial assistance. Some of these scholarships include:

• INSEAD Singapore Scholarship: Offering more than 150 scholarships, INSEAD funds around 40% of the admitted students in the form of need-based, merit-based and spot scholarships.

1. Merit scholarships are awarded based on the applicants’ country of origin, professional background, and leadership skills.

2. Spot scholarships are awarded to outstanding admission profiles without needing a separate application.

3. Need-based scholarships are awarded to international students who contribute to the breadth and depth of diversity at the university.

• Singapore International Graduate Award (SINGA): Funded by the Singapore government, SINGA invites students from all nationalities applying for a postgraduate degree in science or engineering doctorate program at a university in Singapore. Every year 240 scholarships are awarded to qualified candidates, where they receive:

1. Full tuition fee subsidy

2. Settlement allowance

3. Travel allowance to-and-from Singapore

4. Monthly stipend

The entitled students can complete their post graduation from Agency of Science, Technology and Research, National University of Singapore, Singapore University of Technology and Design and Nanyang Technology University.

• QS Leadership Scholarship: Valued at 10,000 USD, the QS Leadership scholarship is awarded to 5 students annually. To stand eligible for this scholarship, one must attend a QS recruitment event and have at least one accepted Impact Report on the QS Impact platform. The eligibility requirement also includes an essay within 500 words describing how your MBA/EMBA and future goals will make a difference in the community along with your acceptance in a B-school offer before the scholarship selection.

• NUS MBA Scholarship: National University of Singapore (NUS) is one of the leading universities in Asia ranked 8th in the world in the QS World University Rankings 2024. To be eligible for the NUS MBA Scholarship, one needs to submit an additional essay and complete their admission application by the Round 2 deadline. Applicants earning the scholarship receive:

1. 20% coverage of the tuition fees

2. 5000 SGD

Students demonstrating exemplary academic performance, and professional and personal achievements, and representing diverse backgrounds have higher chances of receiving this scholarship.

• Lee Kong Chian Graduate Scholarship at NUS: Based on on academic excellence, global awareness, leadership, community impact, impact on Asia, and women in business, the Lee Foundation offers the Lee Kong Chian Scholarship at the National University of Singapore. All nationalities are eligible to apply for this scholarship and undergo an evaluation of interview performance, essay, and leadership skills. Successful applicants are entitled to:

1. Tuition fees

2. University fees

3. Allowance for books

4. Travel allowance

5. Laptop allowance

6. Monthly stipend

The scholarship grant can be utilised for 4 years, provided the scholar has outstanding academic performance.

• Nanyang Business School Scholarship: The Nanyang Business School offers various scholarships including the Nanyang Women in Business Scholarship, Nanyang Sustainability Leader Scholarship, and Nanyang Global Citizen Scholarship. All nationalities can apply for these scholarships, however the evaluation is done based on the academic qualifications as well as the language proficiency scores of the students. Successful applicants are entitled to:

1. Full tuition fee subsidy

2. Allowance for books

3. Living allowance

4. One-time settling-in allowance

5. One-time travel allowance

6. Accommodation allowance

7. Computer Allowance

8. Membership and participation to scholar’s events and outreach programs

• Commonwealth Scholarship for Integrative Sciences and Engineering: The Commonwealth Scholarship Program welcomes all international students from any Commonwealth countries seeking to pursue a postgraduate or doctorate degree in integrative sciences and engineering at the National University of Singapore (NUS) Graduate School. Applicants are required to submit their GRE as well as TOEFL scores to be eligible for this scholarship and receive:

1. Full tuition fee subsidy

2. Allowance for books

3. Computer facilities

4. Conferences

5. Monthly stipend

The Commonwealth Scholarship Program can be utilised for 4 years of post graduation at NUS.

Whether your dream course is about business, technology or design, Singapore has just the right universities catering to all your requirements! At Lorien, we walk with you from counselling sessions that help you determine the right course and university, to tracking your application, to funding your education, to assistance in the visa process and test preparations. So pack your bags, grab your textbooks, and get ready for the adventure of a lifetime. Compete your GPA’s with Singapore’s skyline for greatness! Contact us for a free counselling session over some American burgers and some coffee!