Masters in Singapore: 2024 Fees, Top Universities, Scholarships, Job Opportunities

Masters in Singapore: 2024 Fees, Top Universities, Scholarships, Job Opportunitie

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Kriti Anand

| Updated On - Jul 23, 2024

What's New?

  • High-Ranking Universities: According to the 2025 QS World University Rankings, the National University of Singapore (NUS) and Nanyang Technological University (NTU) are ranked 8th and 15th in the world, respectively.
  • Tuition Fee Range: On average, tuition fees for Masters in Singapore for Indian students can range from SGD 30,000 to 60,000 (INR 18.36 - 36.72 lakhs) per year.
  • English Proficiency Test Score: A score of 6.5-7.0 in IELTS or 90-100 in TOEFL-iBT is required for admission to Masters in Singapore.
  • Average Salary: The average salary range after placement is SGD 65,000-70,000 for Masters in Singapore.
  • Proximity to Home: Singapore is only a five-hour flight from India, which makes it closer to home than most other study abroad destinations.

Masters in Singapore takes 1.5 to 2 years, depending on your program and university. Some of the popular masters programs available for Indian students in Singapore include Computer Engineering, Information technology, Master of Business Administration, Information Security and Digital Forensics, Accountancy, Fine Arts, etc.

Studying in Singapore is becoming more accessible to Indian students due to the tuition grant scheme offered by the Singapore government, wherein tuition fee is partially or completely waived off in exchange for work bond.

The average tuition fees for Masters programs at the top universities in Singapore ranges from 30,000 to 70,000 SGD (INR 18.36 - 42.97 lakhs) per year, depending on the program. The admission requirements for masters in Singapore vary as per program and institute. Some general requirements include:

  • Three or four-year bachelor’s degree
  • 3.0 out of 4.0 GPA (85% aggregate)
  • English Proficiency: IELTS 6.5 or equivalent

The top recruiters for masters in Singapore graduates include Deloitte, KPMG, Google, Facebook, DBS bank, Huawei, Ministry of Health, Ministry of Education, etc. Graduates earn an average salary of SGD 60,000 (INR 36.27 lakhs).

Top Universities for Masters in Singapore

Given below are some of the top universities in Singapore offering masters degrees to Indian students, along with popular programs and application deadlines:

QS Ranking 2025 University Program Deadline
#15 National University of Singapore MS. Business Analytics | MS. Economics 31st October 2024
#8 Nanyang Technological University MS. Public Administration | MS. Accountancy 31st July 2024
#=585 Singapore Management University MBA | MSc. Economics

MSc. Economics: 30th Sep 2024

MBA: 15th July 2024 (Round 2) | 31st Oct 2024 (Final round)

#=445 James Cook University Singapore MS. Psychology | MBA Rolling basis in March, July and November
#=440 Singapore University of Technology and Design MS. Architecture | MS. Innovation by Design | MS. Tech & Design 30th September, 2024
#28 Technical University of Munich, Asia MS. Aerospace engineering | MS. Green electronics | MS. Rail, transport, and logistics 1st October, 2024
- SIM University        MSc. Fashion, Design and Luxury management | MS. Accounting and Financial Management Rolling basis from October to March
#8 NUS- Business school MSc. Management | MSc. Finance | MSc. Real Estate 2nd April 2024 (Closed)

Being a high-ranking and prestigious institution, Nanyang Technological University (NTU) is quite popular among Indian students. 

Why Study Masters in Singapore?

Singapore, being cheaper than the US and closer to home, is gaining in popularity as a study abroad destination. The universities in Singapore offer quality education, state-of-the-art infrastructure, and plenty of research opportunities for Indian students.

  • Tuition Grant Scheme: The tuition grant scheme by the Singaporean government is a unique opportunity for Indian students to receive financial support in exchange for future work commitment, and the manageable living costs add to the affordability of Singapore.
  • Top Universities: Singapore is home to high-ranking universities, including the National University of Singapore (NUS) and Nanyang Technological University (NTU), both ranked among the top 20 universities in the world according to QS ranking 2025.

With increasing interest from Indian students in studying in Singapore, the country is emerging as a favorable destination for international education.

Masters in Singapore: Admission Requirements

Students are required to submit an online application form, academic transcripts, a statement of purpose, letters of recommendation, and English language proficiency test scores.

Masters in Singapore: Eligibility Criteria

Entry requirements for Indian students for admission to Masters in Singapore differ from one university to another. Some general requirements include:

Parameter Minimum Score Required
Academic Requirements 3.0 GPA (85%) in a relevant Bachelor’s degree
English Language Proficiency IELTS: 6.5-7.0 | TOEFL: 90-100
Documents Required SOP | 2-3 LORs | CV | Academic Transcripts
Work Experience 2-4 years (for some programs like MBA in Singapore)

Masters in Singapore is gaining popularity, making admissions competitive. The admission requirements for the top 5 universities in Singapore are given below.

University Requirements Minimum IELTS Score
National University of Singapore An honors degree from a recognized institution 6.0
Nanyang Technological University A bachelor’s degree | Two academic references 6.5
Singapore Management University A bachelor’s degree from an accredited institution | Personal Statement 6.5
James Cook University Singapore An honors degree from a recognized institution 7.0
Singapore University of Technology and Design An honors degree from a recognized institution | Experience in programming & Digital fabrication 6.5

Visa Requirements

A student pass is a mandatory requirement to apply for study in Singapore. It usually takes about 2-4 weeks to process. Following is a list of documents that must be submitted to obtain a student visa for Singapore:

  • Passport
  • Offer letter from the Institute of Higher Learning (IHL) in Singapore
  • The notification you must have received from IHL, informing you about how to apply for an online Student Pass.
  • Four passport size color photographs.
  • Residential address and contact details in Singapore.
  • Personal information involving,
    • A list of previously resided countries,
    • Academic records,
    • Employment records
    • Financial support
    • An email ID

The post-study work visa allows for a one-year work opportunity after graduation.

Cost of Studying Masters in Singapore

The cost of studying masters in Singapore includes the university’s tuition fees and the cost of living in Singapore. Tuition fees can vary greatly depending on course and university, and usually range between 30,000 - 60,000 SGD.

Tuition fees

The tuition fees vary from university to university. The following table shows the total tuition fees for several Singaporean universities to pursue a Masters:

University Total Tuition Fees (SGD) Fees for Indian students (INR)
National University Of Singapore 50,000 30.60 lakhs
Nanyang Technological University 33,000 20.20 lakhs
Singapore Management University 45,360 27.76 lakhs
James Cook University Singapore 69,000 – 75,000 42.22 lakhs- 45.91 lakhs
Singapore University Of Technology And Design 51,000 31.22 lakhs
Technical University Of Munich, Asia 33,000-39,000 20.20 lakhs-23.97 lakhs
SIM University 34,000 – 45,000 20.81 lakhs – 27.54 lakhs
NUS - Business School 54,000 33.05 lakhs

Top universities like NUS, SMU, and NTU offer high-quality education with excellent placement rates and high ROIs. The tuition fees for these popular universities are represented in the chart below.

Tuition Fees for Masters in Singapore

Cost of Living in Singapore

Studying masters in Singapore isn’t cheap, but the availability of part-time job opportunities, such as research positions and teaching, help offset the living expenses.

On average, the cost of living in Singapore for Indian students is around SGD 15,000 to SGD 20,000 (INR 9.18 lakhs-12.24 lakhs) per year. The table shows the average annual expense for the various types of expenses to live in Singapore:

Expense Type Average Annual Expense (SGD) Cost for Indian Students (INR)
Accommodation 24,000 14.74 lakhs
Meals 1,200 73,000
Transportation 1,500 92,173
Health insurance 1,500 92,173
Personal expenses 2,400 1.47 lakhs
Total 30,600 18.80 lakhs

Cost of Living in Singapore

Masters in Singapore Scholarships

The following table shows the list of scholarships in Singapore and their requirements, which are available for International students:

Scholarship Award Value
A*STAR Singapore International Graduate Award Full tuition fee coverage | Monthly stipend of SGD 2,200 (INR 1.35 lakhs)| One-time air travel allowance of 1,500 | One-time settling allowance
NUS international scholarship Tuition fee reduction | Annual living allowance of up to SGD 5,800 (INR 3.56 lakhs) | One-time computer allowance of SGD 1,700 (INR 1.04 lakhs) | Accommodation allowance of up to SGD 3,000 (INR 1.84 lakhs)
NTU graduate scholarship Monthly stipend of SGD 3,100 (INR 1.8 lakhs) | Conference, Book, IT, and Thesis allowance.
The INSEAD Fellowship Tuition fee waiver | Monthly stipend | Health insurance coverage
SMU PG ASEAN Scholarship Tuition fee coverage of SGD 10,000 (INR 6.14 lakhs) annually
Lee Kong Chian Scholars' Programme Tuition fee coverage | SGD 5,000 (INR 3 lakhs) monthly stipend

All the above scholarships are merit-based, i.e., you need a strong academic record to obtain scholarships for masters in Singapore.

Masters in Singapore Placement

Placement after masters in Singapore depends on two factors: field of study and local skill set. In the IT sector, for instance, the competition is immense, but there are many job roles available, making placement accessible. On the other hand, companies are legally required to hire locally before recruiting foreigners, which narrows the job scope for Indian students.

After the successful completion of a Masters in Singapore, graduates can apply for a Singapore work visa and become eligible for various top-level placement opportunities, earning an average annual salary of 60,000 SGD (INR 36.27 lakhs).

Profession Average Salary (SGD) Salary for Indian Student (INR)
Data analysts 52,171 31.93 lakhs
Teachers 44,919 27.49 lakhs
Health policy analysts 44,106 27 lakhs
Civil Engineers 68,000 41.62 lakhs
Financial analysts 56,173 34.38 lakhs
Marketing managers 71,417 43.71 lakhs

Singapore is an underrated destination for international education, offering top-ranked universities and high placement rates. Recently, the country has seen a 25% increase in the number of Indian students, indicating its growing popularity as a study-abroad destination.

FAQs

Ques. What are the eligibility criteria for a Masters program in Singapore?

Ans. To be eligible for a Masters program in Singapore, students must have completed a Bachelor's degree or equivalent from a recognized institution. Most programs also have minimum GPA requirements, with a 3.0 GPA being the common minimum. Additionally, Indian students must also provide English proficiency test scores such as TOEFL or IELTS.

Ques. What is the cost of a Masters program in Singapore for international students?

Ans. The cost of a Masters program in Singapore varies depending on the program and university. Indian students can expect to pay between SGD 30,000 to SGD 50,000 per year for tuition fees. Additional costs such as accommodation, transportation, and food should also be taken into consideration.

Ques. Are scholarships available for international students to study a Masters program in Singapore?

Ans. Yes, there are several scholarships available for Indian students to study a Masters program in Singapore. Scholarships such as the Singapore International Graduate Award (SINGA), NUS Graduate Scholarship for ASEAN Nationals (NUS GSA), A*STAR Graduate Scholarship (AGS), Lee Kong Chian Graduate Scholarship (LKCGS), and NTU President’s Graduate Scholarship (NTU PG) are some examples of scholarships available for Indian students.

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