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Best schools in Singapore to get an MBA

Elena Torrijos

What schools should you consider if you want to get a good master's degree in business administration in Singapore?

According to the Financial Times' Global MBA Rankings 2012, there are four schools in the city-state on the top 100 list.

Graduate school INSEAD's France and Singapore campuses jointly ranked the highest of the four at sixth place, down a couple of notches from its fourth-place ranking the previous year.

Graduates from the school today earn US$144,422 or 97 per cent more than what they used to earn before getting their MBA degrees, according to FT's data.

The National University of Singapore's School of Business retained its 23rd place on the list for the second time in a row, the highest ranking attained by a local institution.

The school did well in several categories. In a statement, NUS said salaries of graduates shot up 185 per cent over their salaries before getting the MBA. Today, the graduates earn about US$98,430.

It also kept its place ninth-place ranking in the world for its graduates' international mobility, reflecting the broad international demand from employers for the school's MBA graduates.

"For many of us, the programme opened our minds to new ideas, new horizons, and the ability to take up new challenges at work," said Michael Teng, president of MBA Alumni-NUS.

Nanyang Business School of Nanyang Technological University ranked 34th on the list, one notch down from the ranking the year before.

In a statement, the school said that its graduates enjoy the highest average salaries among Singapore MBA programs with an average pay of US$102,350 a year, three years after graduation.

It also noted that its MBA programme ranks first in Singapore for career progression opportunities and successful job placements offered to its graduates.

Tomoyuku Suzuki, 35, who graduated from the school in 2008, said the MBA degree has enabled him to successfully switch careers from business development to management consulting, enabling him to expand his responsibilities. His remuneration is 70 per cent higher now compared to the level before obtaining his MBA from the Singapore university.

The fourth school on the top 100 list is SP Jain Center of Management, which has campuses in Dubai and Singapore. FT's list showed graduates from the school earn close to US$79,000 or 146 per cent pre-MBA.

If staying in Singapore isn't an issue, then the top five schools for MBA programmes in the world according to FT are, in order:

Stanford Graduate School of Business
Harvard Business School
University of Pennsylvania: Wharton
London School of Business
Columbia Business School

The Financial Times Global MBA Ranking is based upon data from business schools and their alumni. Three main areas are analysed: alumni career progress, diversity of students and faculty, and ideas generation.

Rankings are heavily weighted on salary and salary increase three years after graduation. Both measures each account for 20 per cent of a school's rank, and are considerably sensitive to the countries the school's alumni were working in before and after the MBA programme.