Best MBA Scholarships in Singapore *Updated 2021*

Undertaking an MBA degree can be a very expensive endeavour - a program in a reputable business school can easily cost prospective students over S$50,000 in tuition fees, and that's not including your books and other school items. 

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Students who take a full time MBA program are most disadvantaged because they lose their regular work income and they'll have to work hard to clear off their student loans after graduation.

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It's most advisable that before enrolling into an MBA program, the student should check to see if they qualify for any form of scholarship offered in the business school - most of the reputable business school have a number of scholarships to offer, and a number of them help to pay for the tuition fees partially and even in full - there are also scholarships that do that without a bond - simply put, it's free education - but only if you are able to perform academically well enough to qualify and compete with the other students vying for it.

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All the Local Universities offer MBA Scholarships

Local universities NUS, NTU and SMU all offer scholarships for their MBA programs. NUS has listed 19 different scholarships that subsidize your tuition fees or pay for it in full - details for their extensive selection of grants and aids can be found here. It's important to take note that a number of their scholarships, such as the Lee Kuan Yew Scholarship, are applicable to postgraduate programs offered by the other local and international universities. These scholarships have varying terms and conditions though, so read them properly. NTU lists a number of scholarships that can be used for their MBA programs - the main one being NTU-MBA scholarship - some of their other scholarships are only available for international students. SMU has 16 scholarships listed, each with varying amounts of grant money - from S$5,000 to S$10,000. All of their 16 scholarships listed are open both to Singaporeans and international students.
Scholarships for International Business Schools and Private Institutions

These are a number of reputable international business schools with physical presence in Singapore - INSEAD, UCLA, S P Jain School of Global Management, ESSEC, and EDHEC. Most of these schools offer scholarships to their students - the extent to which the scholarships are offered and the terms in which they are offered vary widely among the different schools - it's important that you read the details carefully.

Also, a number of Singaporean scholarships offered for local universities MBA programs are available for students in these international institutions - 1) The Lien Foundation Scholarship for Social Service Leaders, 2) Tan Kah Kee Postgraduate Scholarship, and 3) Lee Kuan Yew Scholarship.

INSEAD offers over a 100 different MBA program specific scholarships that are applicable for its Asian students as well as others, find their list here.

S P Jain School of Global Management very selectively offers their scholarships and/or low-interest loans to meritorious and needy participants. Students can only apply for scholarships after they have been offered enrollment in the Global MBA Program. Find out more here.

Most of the scholarships available for your desired MBA institute can be found on the school's website; another way of finding out about aids and grants would be to call up the institute to make an inquiry. 
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