Singapore is a small country with less than 6 million populations, yet, it enjoys a strong and unique position in the global economic market.
It has even emerged as one of the Asia Financial and Economic hub capable of attracting investors in and around the world.
The country’s strong business stature is reflected in its educational syllabus welcoming local and foreign and talent to nurture.
With Business and Management as one of the most sought-after course programmes, it is the perfect destination to sharpen your skillet in the business world.
So, are you considering to study Business and Management?
The guide below details why you should and where to study Business and Management in the Lion City.
What is Business and Management all about?
Business and Management is a discipline committed to developing solutions for goods and services which includes planning, organizing and analyzing the different areas of business operations.
Business and Management course is made up of different fields of study including:
- Public Administration
- International Business
- Sales Management
- Human Resources
- Event Planning and Hospitality.
If you are unsure of which business specialization to choose from, you can apply for a general business degree as a start.
What is the difference between Business and Management and Business Administration?
The difference between Business and Management and Business Administration is quite subtle.
A Business and Management are more focused on the planning and organizing process whereas business administration is broader focusing on day-to-day operations.
Why Study Business and Management in Singapore?
In a lot of its educational institutions, you will have the opportunity to go overseas for a school term to enhance your degree course as well as gain insights of the different business landscape of different companies or firms.
At Singapore Management University (SMU), you are able to take part in the International Business-IT case competition. It will help you use your knowledge as well introduce you to innovative solutions for real-world problems.
Strong Employment Prospects
With Singapore’s strong economy, graduates will be able to enjoy opportunities in the job market and are even expected to earn more.
According to Talent in Asia report by Employment solutions provider RGF International Recruitment, one in four job seekers choose Singapore as their destination for work compared to other major cities in the Asian region.
It is due to its strong and growing industries and advancement in the technology sector.
Singapore tops as one of the easiest places to do business. Considering its geographical location in the region, it will give you access to the Asian countries, such as China and India.
Plus, Singaporean laws make it easier for individuals or groups to set up their business in just three easy steps that can be completed in one day.
What skills do I need to have?
You need to have strong communication and negotiation skills
Effective communication is a key business management skill. It is the ability to have a clear communication line with the staff and management.
You need to be able to negotiate a good and effective course of action with different people from business suppliers down to the customers. During a bargain, you need to make clear your desired goals and support them with a good reasoning.
You need to be a strong leader
The success of a business relies on a strong leadership. These means knowing how to delegate tasks to different people and how to lead and being able to manage different projects and marketing strategies to help generate sales.
If you are at a senior level, it is your job to oversee and share your experiences with younger colleagues.
You need to have a clear commercial awareness
In order to be competitive in any industry, you need to keep abreast of market trends and current and future developments surrounding your industry.
You should know about consumer needs and demands and how to develop your business model to meet their needs. It includes, knowing about your competitors and create a competitive business strategy to set you apart.
You need to be forward thinking
What sets you apart from other companies is your strong business vision.
As suppose shortsighted generic business leaders, they not only focus on daily tasks and goals but also, set priories for the future. They are open and even encourage change in the organisation.
What are the entry requirements and qualifications?
Prospective Business and Management students require to meet a minimum entry requirements to secure their spot in the school of their choosing.
The requirements below are general therefore, applicants are advised to refer to the websites of educational and university institutions for more details.
- English Proficiency test scores as TOEFL, IELTS or SAT (provided that your previous syllabus was not in the English Language)
- Educational transcripts
- Strong mathematics background
What is the cost of studying Business & Management in Singapore?
Your course fees are solely depending on the institution that you choose to study at. Naturally, it is far more expensive for international students as suppose to regional students.
Find out more by searching up in the respective university website of your choice.
|Level of Study||Fees (MYR)||Fees (EUR)|
|Undergraduate||90,000 - 180,000||19200 - 38500|
|Postgraduate||90,000 - 150,000||19,200 - 32,000|
How long is the duration to study Business & Management in Singapore?
Typically, it takes about three to five years to complete your undergraduate course whereas if you were to continue into your master program, it will take an additional one to three years.
|Level of Study||Duration|
|Undergraduate||3 - 5 years|
|Postgraduate||1 - 3 years|
What are the top institutions for studying Business and Management in Singapore?
Choosing an institution is as important as choosing what to study. Here is a list of the top institutions for studying Aviation in Singapore.
Singapore Management University (SMU)
Singapore Management University (SMU) is the third autonomous university in Singapore’s first established in 2000. It has garnered world-class recognition in its research and learning program.
Its campus hosts about 10,000 undergraduate, graduate and PHD students. SMU Lee Kong Chian School of Business was ranked #6 in the Financial Times Top 25 Business Schools in the Asia Pacific in 2018 rankings.
Previously known as Singapore’s Productivity and Standards Board, PSB Academy is one of the biggest private educational institutions with over 50 years of valued experience on its sleeve. It has an academic pool of 11,000 students.
The academy has earned two consecutive business SBR National Business Awards in 2017/2018.
National University of Singapore (NUS)
The National University of Singapore (NUS) is the first-ever and oldest autonomous research university in Singapore established in 1905.
It is consistently placed as one of the top business schools in both the Asia Pacific region and worldwide.
Nanyang Technological University (NTU)
The Nanyang Technological University (NTU) is the second oldest public autonomous research university in Singapore. It is with over 33,500 student alumni and 10,000 faculty and staff.
Its Business Schools is regarded as the largest and the No.1 business school in Singapore and placed 3rd in the Asia Pacific Region. It has been ranked the best for 13 consecutive years since 2004 with a well-respected faculty.
James Cook University Singapore
James Cook University Singapore is a university branch of James Cook University in Australia. It consistently ranked in the 2% of universities globally.
Graduates of James Cook University obtain 30.9% full-time employment rate compared to 78.4% from three different autonomous universities in Singapore.
What can you do with a Business and Management degree?
Graduates will be able to embark on different and exciting career in the industry itself. Depending on which roles you choose, you will be prepared to take these roles listed:
A business analyst is a professional who use data analytics to help businesses improve their business, products and services,
Every companies have different needs and requirements and it is the task of the business analyst to address individual problems and provide business solution by analyzing data trends or reports.
As the name suggests, a marketing manager is someone who manages the marketing side of a business or product. Marketing managers analyses industrial trends and create a strategy around on how to market a product or services.
These includes, building budgets for marketing campaigns, preparing and negotiating business contracts and reviewing advertising materials across different mediums or channels.
A sales manager is responsible for leading and overseeing a sales team. Their tasks include setting sales goals or quotas, mentoring and developing sales training for its sales representatives.
A stockbroker is a registered individual person or company who buys and sells stocks or other investment orders on your behalf. They even provide financial advice services on the best times and at the best prices for their clients.
An auditor is a professional who is trained to prepare and review financial records and operations to ensure that it is accurate and complies with laws and regulations.