What’s the Average Salary for Singapore MBA Graduates? (Singapore MBA News: Mar 5-18)

In this week’s news, the MBA degree represents the highest paid postgraduate qualification worldwide… average salaries of Singapore MBA graduates revealed… Singapore seen as an attractive MBA study destination for its affordability and improved chances for an international career… this handy checklist summarizes what MBA admissions officers are looking for in MBA programs worldwide.

Singapore MBA Salary Indicators (MBA Singapore)

“There is a growing salary differential between MBAs and non-MBAs in job markets around the world as employers battle to recruit the best young business school talent. Results of a survey of 489 international MBA employers, featured in the QS TopMBA.com International Recruitment Survey and Salary Report, reveal that, compared to the previous year, MBA salaries have increased more rapidly than salaries for non-MBAs with four years work experience, and this is true across most major industry sectors and geographies.”

“The QS TopMBA.com Report confirms that the MBA represents the highest paid postgraduate qualification worldwide, across all major industry sectors.”

“Singapore is one of the most sought after job venues. Each year thousands of graduates pass out from best graduate school in Singapore and many other institutes offering professional course. The main aim for such students is to land up with a lucrative job in their sector. Though the economic recession has hit the job sectors of countries far and wide it has least affected the job scenario in Singapore. The credit goes to the Singapore government and the Universities in Singapore. Taking into consideration the changing job world there are many innovative courses that are offered at these institutes.

As a potential employee, you will have to weigh the benefits of accepting a position with a higher base salary against a position with a lower salary that offers bonuses and other perks. These perks can include annual bonuses, car allowance, tuition reimbursement, relocation costs and more. According to Payscale.com the majority of MBA graduates can expect to earn on average $50,427 in their first year. As your length of time on the job increases, so will your income. Here is a sample of average salaries you can expect as your time on the job increases:

  • Under 1 year – $50,427
  • 1 to 4 years – $56,090
  • 5 to 9 years – $74,053
  • 10 to19 years – $94,038
  • Over 20 years – $103,600

MBA Still Top Choice for Prospective B-school Students (Market Watch)

“The mba.com Prospective Students Survey results for the first time offers insight into the reasons why prospects choose study destinations. Similar to GMAT score sending patterns, the top three preferred destinations were the United States, United Kingdom, and Canada. Reputation of a country’s educational system was the most cited reason for choosing a specific destination. Prospective students intending to study in the U.S. cited better career preparation, whereas improved chances for an international career was cited for non-U.S. destinations. Notably, affordability was cited among respondents selecting Canada, Singapore, and India.”

What Are the Criteria for MBA Admission (MBA Prep School) – this is a very useful checklist for how MBA programs (in general) evaluate your candidacy.

Academic Profile

  • High cumulative GPA and GPA in major
  • Above average performance in quantitative or business-oriented courses
  • GMAT score above the school’s median
  • TOEFL score above the school’s median (if applicable)
  • Undergraduate degree from a school with an excellent academic reputation

Career Progress

  • Extensive evidence of career progress
  • Visible progress made in the direction of career goals
  • Employer is known to have very high standards for hiring
  • Excellent references/recommendation letters
  • Plenty of evidence of managerial potential

Leadership Portfolio

  • Evidence of leadership at work
  • Evidence of leadership outside of work
  • Self-awareness of leadership capabilities and development needs
  • “Servant-Leader” leadership style as opposed to autocratic or self-serving

Career Goals

  • Defined career goals
  • Career goals reflect a sense of purpose: passion, meaning, and significance
  • Admissions committee can connect the dots between prior skills/experiences and post-MBA career goals
  • Convincing motivations for pursuing an MBA
  • Rock solid case for pursuing an MBA from the school(s) you are applying to
  • Career goals reflect a global perspective

Other Qualities

  • Evidence of self-awareness
  • Evidence of maturity/life-experience
  • Dimension (e.g., not too much of a “poet” nor too much of a “suit”)
  • International/cross-cultural experience
  • A great fit with the school’s culture”

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