Singapore MBA Salaries Fifth Highest in Asia (Singapore MBA News: Nov 21 – 27)

My comments are in italics.

Rejected: Foreign MBA Applicants Face Major Hurdles (Fortune) – MBA applicants from Asia have a better chance applying to quality MBA programs in Asia as the majority of students are expected to be from Asia.

“Admission officials say there are many reasons for the discrepancy between the size of the international applicant pool and their portion of enrollment at their schools, from a need to craft more balanced and diverse classes to language difficulties that make some international students less attractive to the job market. No less important, they say, is an inability to meet the expectations of students from China and India to stay in the U.S. and gain visas to work here after graduation.”

Singapore MBA Salaries Fifth Highest in Asia (Asia One)

“The TopMBA.com Jobs and Salary Trends Report said the average salary of MBAs in Singapore was US$82,700 (S$106,691).”

The Benefits of Studying for an MBA in Singapore Over India (Business Because)

“Nanyang alumni also reiterated the idea that when you are studying in Singapore you are studying for an international MBA not a local MBA. The Nanyang MBA has 60 cohorts from 20 different countries and is very diverse.”

Nanyang MBA Deadlines are 31 Dec 2011 for Rd 1, 30 Mar 2012 for Rd 2 (Singapore MBA News: Nov 14 – 20)

My comments are in italics.

Nanyang MBA has updated their admissions deadlines for the class starting in Fall 2002 (Nanyang MBA Website) – although Nanyang encourages you to apply in Round 1, you should apply when you feel you have the strongest application – whether that means a stronger GMAT score, a better recommendation or more distinctive work experience.

“Round 1 is from 1 Oct 2011 to 31 Dec 2011.  Round 2 is from 1 Jan 2012 to 30 Mar 2012. Nanyang encourages you to apply in the first round to enhance your chances of getting admitted into the program.”

Asian MBA Programs Reach Out to the West (Singapore MBA News: Oct 31 – Nov 13)

My comments are in italics.

Asian Schools Reach Out to the West (Wall Street Journal) – Singapore MBA programs are hungry for western applicants.

“For years, Asian business schools have enrolled mostly students from the region, but now they’re aggressively recruiting Western applicants to improve their world-wide reputations and attract a broader swath of corporate recruiters.”

“The lackluster U.S. and Western European job market has already enticed some students with prospects of greener economic pastures in cities like Singapore and Shanghai, while others seek more global experience.”

“But even without additional language skills, schools say students can land jobs in finance and energy in Asia, or with regional companies looking to expand into international market, like the U.S. and Europe.”

“The schools, however, still have a way to go before they reach a critical mass of Americans and other Westerners.  Just 5% to 8% of Nanyang’s students are American citizens, and Indian School of Business, about 5% of the class is international. At CEIBS, about 40% of the student body is international, with one-third of that from the Americas. And at HKUST, which had almost no international students when Mr. DeKrey joined 16 years ago, Americans comprised 14% of the student body this year, second only to Chinese.”

Opening Doors to Success: Top MBAs Shape Asia’s Leaders of Tomorrow (Asian Correspondent) – it’s interesting to hear what MBA programs in the UK, US and Australia are doing to give their students exposure to Asia.  But why not live, study, and work IN Asia to build your knowledge, network and skills?

The link between creativity, freedom, and entrepreneurship (SGEntrepreneurs) – Singapore recently hosted the World Entrepreneurship Forum on Nov. 3. The Singapore government  has done much to encourage entrepreneurship in Singapore (see www.spring.gov.sg as an example).  Ultimately, nurturing innovation requires not only a great start-up support but also a flourishing cultural life.

“This opening up of Singapore society is what Banyan Tree Hotels & Resorts executive chairman Ho Kwon Ping described as the ‘New Normal’ — a term used to describe the changes to the country’s socio-political landscape leading up to and after the recent General Election in May 2011.”

Interview with NUS MBA’s Admissions and Marketing Officer Alan Chua (Singapore MBA News: Oct 18 – Oct 30)

My comments are in italics.

The Economist ranks MBA Programme at NTU’s Nanyang Business School top in Singapore for the 8th year running (Nanyang MBA Website)

“Nanyang Business School admits about 80 students to its full-time MBA programme every year, and another 40 who take the course on a part-time basis. About 20% of the full-time cohort comes from Europe, 5 to 10% from North America, and the rest, from Singapore and different parts of Asia.”

NUS Business School among world’s best: Princeton Review (Channel News Asia)

“The National University of Singapore (NUS) Business School is one of the world’s best outside the United States, according to The Princeton Review.

The school said in a statement on Saturday that the education services company put its MBA programme among the top 10 from non-US business schools in the new 2012 edition of the book, “The Best 294 Business Schools: 2012 Edition”.

NUS Business School was the only Singapore-based institution to be included in The Princeton Review’s list of Best Business Schools (International).”

Interview of Alan Chua, from NUS MBA’s Admissions and Marketing Department (MBA Crystal Ball)

“MBA Crystal Ball: How easy or difficult is it for NUS students (specifically international students) to get a job in Singapore in the current economy?

Alan: Typically, 60% of our students end up working in Singapore after graduation, with the rest managing to secure jobs in Asia and the rest of the world. For the batch that graduated in 2010, 93% managed to secure jobs within 3 months after graduation.”

Sitting Pretty (Financial Times) – UCLA-NUS EMBA program ranked fifth worldwide by Financial Times

“The UCLA-NUS Global EMBA is based in four locations over a 15-month period. While the programme is taught mainly at the home campuses of the two institutions, students also spend time in Shanghai and Bangalore. The the programme scores well on the Financial Times’ international course experience rank. Based on the percentage of classroom teaching hours outside the country in which a programme is primarily located, UCLA-NUS is ranked fifth overall.”

Jobless in America? Find Work in Asia (FINS Asia Pacific)

“Recruitment firms say the number of resumes they’ve received from Westerners looking for jobs in Asia has surged by between 15% and 35% since the financial crisis hit in 2008.”

NUS MBAs organize CEREBRATION 2011, one of the largest MBA competitions in the world (NUS MBA Website)

SMU, SUTD to cooperate in course, student development (Straits Times) – hopefully SMU MBAs will eventually be able to take more design and technology focused management courses.

Economist Ranks Nanyang MBA 69th and NUS MBA 86th (Singapore MBA News: Oct 11 – 17)

My comments are in italics.

MBA Degree Seekers Can Receive Help Managing Their Online Profile (US News) applicants should start “cleaning” their virtual profiles months before applying.

“MBA degree seekers should pay attention to their online history. highlighted the results of a recent Kaplan Test Prep survey of admissions officers from 265 of the nation’s top MBA programs. According to these findings, 27% of school officials reported that they have looked applicants up on Google, while 22% have logged on to Facebook and other social media websites to search for prospective students. In addition, 14% of admissions officers said that their web-based research turned up information that harmed their business school prospects.”

Internships are the Best Route to a Good Job for MBAs (Financial Times) – one crucial question to ask MBA programs is their internship placement process and results.

“According to data from the 2011 GMAC Corporate Recruiters Survey, internships are one of the best ways for job candidates to prove themselves in their targeted industry. Indeed, the employment of interns as full-time hires was notable in both the consulting and high tech sectors, with a 70 per cent rate of hire for interns.”

The Economist’s MBA Rankings for 2011: Top 30 // Full Rankings (Economist) – no Asian MBA program breaks the Top 30, Nanyang MBA ranked 69 and NUS MBA ranked 86.

“The four categories covered are: opening new career opportunities (35%); personal development/educational experience (35%); increasing salary (20%); and the potential to network (10%). The figures we collate are a mixture of hard data, such as salary and faculty qualifications, and the subjective marks given by the school’s students, such as a rating of their school’s facilities.”

Asian Business Schools’ Popularity Skyrockets and NUS Opens its MBA Application (Singapore MBA News: Oct 3 – Oct 10)

My comments are in italics.

NUS opened its MBA application for the 2012 academic year.  With rolling admissions it’s beneficial to apply early unless you need more time to solidify your work experience, get stronger recommendations or improve your GMAT score.

Full-time MBA: 1 October 2011 – 31 March 2012

Round I:   01 October 2011 – 31 January 2012
Round II:  01 February 2012 – 31 March 2012

Scholarship qualifying period (only applicable to the full time NUS MBA): 01 October 2011 – 31 January 2012

Part-time MBA:1 October 2011 – 15 May 2012

Applicants are reviewed on a rolling basis; hence, applicants are encouraged to submit application requirements early.

Business Degrees Skyrocket in Popularity in Asiathere are still way more Asian applicants to MBA programs in the West than there are Western applicants to MBA programs in Asia.  If you’re not from Asia, it’s a great time to apply to Asian MBA programs.

“In 2010, business schools in Asia received almost 43,000 GMAT score reports from prospective students, more than double the amount in 2006, according to the Graduate Management Admission Council, which administers the test.”

Singapore to Host World Entrepreneurship Forum Nov 2-5

The forum in Singapore is expected to draw 130 entrepreneurship experts and thought leaders from 60 countries.

They will discuss ideas and generate action plans based on the theme, “Entrepreneurship – A Driver for Innovation and Technology”.

Professors Take Academic Road East (Singapore MBA News: Sep 26 – Oct 2)

My comments are in italics.

Professors Take Academic Road East (Financial Times) – Singapore Business Schools are paying top dollar to attract top faculty from all over the world.  Having world-class professors at a lower price tag makes Singapore MBA programs great value for money (especially relative to US MBA programs)

“Financial investment is particularly evident in Singapore, where business schools are paying “telephone number salaries” to lure top professors. “I think we all have the feeling that the governments are very committed to investing in education and in institutions,” says Prof de Meyer, now president at Singapore Management University. “The willingness to invest in research and education is very high.”

“The investment in research means many Asian schools can now compete at the highest levels in the type of rigorous, data-driven study favoured in US business schools, says Prof Thomas, dean of the Lee Kong Chian School of Business at SMU. There are 10 Asian business schools in the 2011 ranking of the top 100 research institutions, compiled by the University of Texas at Dallas, compared with six European schools. (Insead has campuses in Asia and Europe.)”

“A decade ago most aspiring business professors headed west, to the US. These days they are heading in the opposite direction: Asia is becoming the hotspot for the top management thinkers.”

Looking for an Edge (Wall Street Journal) – gives an overview of the growth and effectiveness of the MBA admissions consulting industry.

“It is often said that the hardest part of an M.B.A. program is getting in, which may explain why applicants like Ms. Lo are willing to shell out thousands of dollars for a coach to help them through the nerve-jangling admissions process. Though exact numbers on admissions help aren’t available, there is some indication of how much applicants are leaning on consultants: Twenty percent of respondents in a recent global survey by the Graduate Management Admission Council said they had used an admissions consultant to help them gather information about M.B.A. programs.”

How to Woo the MBA Admissions Committee (Financial Post) – despite what the interviewed admissions officers say, your GMAT score is very important to Singapore MBA programs, as well as your fit and perceived future contribution to the program.

Nanyang Business School Promotes Green Trading (Business Because)

NTU’s Nanyang Business School Gets $3 Million SGD Dollar Gift (Channel News Asia)

Steve Jobs: 4 Lessons for MBA Applicants (Technorati) – impact, passion and leadership are essential to winning MBA applications.

Can MBAs Guarantee You get the Big Bucks? (Independent.ie) – practical, down-to-earth analysis over whether MBAs are worth it.  It’s important that you have realistic expectations over what an MBA can do for your career – unfortunately, it is NOT the career panacea many applicants believe it to be.

“A decade ago you could come out of a good programme and get a six-figure salary when you finished,” says Rowan Manahan, managing director of Fortify Services, the career management firm. “But things are different now. Top jobs like that are still around, they are few and far between, so don’t jump into an MBA without thinking.”

“Don’t let timing be a factor; you should do an MBA when you are ready, not when the market is ready,” says the Dean ofInsead Business School in France, Dipak C Jain.

Forbes Ranks NUS MBA Top in Asia (Singapore MBA News: Sep 18-25)

Each week I will share with you interesting news and analysis involving top MBA programs in Singapore.  Demand and rankings for Asian MBA programs are rising, given their proximity to growing Asian markets, and their relatively great value for money. NUS has also launched the NUS PhD-MBA program to encourage technopreneurship – MBA and PhD tuition is free if you qualify.

Forbes Ranks NUS MBA Top in Asia (PRWeb)

“The National University of Singapore (NUS) Business School’s Master of Business Administration (MBA) programme has topped Forbes’ list of MBA rankings for the first time.”

“Among top business schools outside the United States, NUS Business School’s ranked fourth after London Business School in top spot, Manchester Business School and Spain’s IESE Business School. China Europe International Business School (CEIBS) was placed fifth.”

“The Forbes rankings are based on the Return on Investment (ROI) achieved by the MBA class of 2006 through a survey of individual graduates.”

The MBA’s New Dawn (Forbes)

“The balance of world economic power is shifting east, and the potential impact on business education is huge. Though the Graduate Management Admissions Council  reports that candidates from Asia Pacific make up 57% of the applicant pool to U.S. two-year M.B.A. programs, the heavy flow of applicants to schools in Europe and North America may drop off as the East’s brightest and best opt for study closer to home, and case studies about Asian companies become more relevant than those about their Western peers.

Which raises the question whether the balance of world intellectual power may also be shifting. And whether the future business school of choice may not be in Massachusetts, Pennsylvania or Barcelona but in Shanghai, Hyderabd or Singapore.”

“Since 2006 the school [National University of Singapore] has seen a three-fold increase in the number of North American applicants for the M.B.A. programs and more than a four-fold increase in European applicants.”

“With growing concern that the tuition fees at many 2-year programs in the U.S. are reaching unsustainable levels, a select number of schools in Asia make a strong case for an affordable top-tier M.B.A. with an excellent return on investment. Graduates at HKUST this year reported a three-year increase of 142% over their pre-M.B.A. salary, while 98% of recent ISB graduates had found a job within three months of graduating. With tuition and living expenses in these one-year programs at less than half the U.S. equivalent, these schools are opening other career doors, rather than closing them.”

NUS Launches the NUS-PhD MBA (NUS web site)

“The NUS PhD-MBA aims to attract and train talented science and engineering students who have the potential to create and lead technology companies. The programme is jointly hosted by the NUS Graduate School for Integrative Sciences and Engineering (NGS) and the NUS Business School. The programme has three pillars. Students develop their research skills by doing a PhD in a scientific and/or technology discipline. Concurrently students develop business acumen by working on an MBA degree. Internships in technology comnpanies provide practical technology business training, and form the third pillar.

Terms:
– Concurrent PhD and MBA, taking much less time than completing both separately
– Choice of any subject for the PhD, from the life and physical sciences to engineering and IT
– Monthly (12 months per year) tax-free stipend of S$2,600 to S$3,200 (depending on whether or not scholar chooses to work in Singapore upon graduation)
– PhD tuition waiver, full MBA tuition fee waiver”

Welcome to Singapore MBA Consulting

If you need guidance on how to prepare the strongest application for top MBA programs in Singapore, you’ve come to the right place.

My name is Darren and I specialize in providing MBA Admissions Consulting Services for MBA programs in Singapore.  From 2008 – 2011, I oversaw Marketing and Admissions for Singapore Management University’s MBA Program, which gives me an insider’s perspective on how MBA admissions works at Singapore’s autonomous universities – NUS, NTU and SMU.