Singapore MBA Guide 2010
The Master of Business Administration (MBA) is a master’s degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging in the late 19th century as the country industrialized and companies sought out scientific approaches to management. The main objective of the MBA was to introduce students to the various core aspect of business management such as accounting, marketing, human resources, operations management and corporate laws etc.
Today, The MBA degree has been adopted by universities worldwide, and has been adopted and adapted by both developed and developing countries, today the 3 major education systems that offers MBA globally are from US, UK and Australia.
Is an MBA Overrated?
MBA degree is a passport to an international corporate career. Fortune 500 multinational companies typically require managerial candidates to have a MBA degree from a recognized university. If you plan to attract the attention of an employer like UBS, GE or McKinsey, then you would need to have an MBA from a Top-100 business school like Harvard, Wharton, Kellogg or Chicago, City University of New York. In Singapore, the Chicago MBA, INSEAD and City University of New York Executive Masters program are widely accepted and likewise in Hong Kong where Kellogg and NYU offers different MBA or Masters.
For most working professionals, attending a full-time MBA program is not a feasible option due to the opportunity cost and commitments. So the next best alternative is a part-time MBA program or an Executive MBA program which are typically conducted on weekdays evenings or executive weekend blocks.
Before embarking on your search for a MBA , you need to have a clear objective and rationale of your current situation and the pros and cons on embarking on a MBA at this stage of your career. Assess yourself using some of the following questions to shed lights into your true objectives:
- Where do I stand today?
- Where do I want to be in the future?
- What skills are required for getting there?
- Do I possess these skills?
- How can an MBA help me acquire these skills?
MBA END GAME
Clarity in your MBA objectives will help you to choose the MBA program that is most appropriate for you. Two common objectives of embarking on a MBA are
The importance of Singapore is increasing in the world map of education as a hot destination for business studies. The MBA in Singapore is now a popular choice for domestic and international students alike. Not only from Asia, but MBA students from America and Europe to gather in this small island nation to seek admission in its various top business schools.
What makes Singapore a popular choice for MBA?
There is more than one reason, some of these are;
Excellent Strategic Hub for Asia : The strategic geographical location of Singapore has made it a thriving business hub of world business. Moreover, its distance from the Asian countries likes- India, China, and Malaysia; has made it a favorite choice for Asian students.
Unlimited Career Opportunities: Since Singapore is an international business hub, career options for students studying in Universities in Singapore are more compared to some other places. This has made it a favorite choice for many students.
Availability of Part-time MBA Programs: There are at last count over 40 MBA programs in Singapore of which over 70% are available on a part-time mode. The cost of studying MBA in Singapore in universities in Singapore is still moderate compared to some of the top universities of USA and UK and hence a budget choice for Asian students. At the same time some of the business courses offered in business school Singapore are of international standard and therefore offer good return on investment. For a comprehensive listing of the MBA programs in Singapore, visit www.mbasingapore.asia
What is the future of MBA in Singapore in 2010?
The demand for MBA in Singapore would continue to be strong even in 2010. The universities in Singapore would continue to receive both domestic and international students for their executive master programs.
The universities in Singapore have always stayed ahead in incorporating the newest trends in MBA studies in their Master Programs Singapore. They are truly world class in this regard. Hence, enthusiast students can also find courses offered by business school Singapore on organizational psychology (I-O psychology) and counter-terrorism.
Based in report from www.mbasingapore.asia , the employment outlook is rosy with Singapore expected to ride on the ASIA wave. Major MNCs and government agencies are expected to increase their workforce in the coming year. Employees at mid and senior managerial level would continue to top the salary chart. The robust employment trend would encourage more students to participate in the executive master programs Singapore. Institutes favorite with the industries are, therefore, going to be favorites of the students.
Which are the Top MBA in Singapore for 2010?
A recent study conducted by Aventis School of Management, along with Edupoll.org, has published the most comprehensive list of top business universities in Singapore. The study review the business universities in Singapore and the Top 3 MBAs are Chicago , INSEAD and National University of Singapore.
Students interested in MBA in Singapore must invest enough time in researching about the scopes of business studies in Singapore. The metal preparation for studying abroad is therefore going to be crucial for students. Scopes of receiving grants and scholarships are going to important factors in the decision making process since the cost of MBA in Singapore would vary between the universities in Singapore. Visit www.mbasingapore.asia to download a copy of the latest MBA Singapore 2010 Guide FREE.
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