Know About The MBA - A Prestigious Career Choice
Are you planning to pursue an MBA programme? MBA stands for Master of Business Administration. It is a general graduate business degree that embeds students with managerial, technical, and leadership qualities. Earning an MBA degree gives you valuable business acuity, expands your professional network, and creates many new opportunities. Having a 1 year Mba degree from Singapore has a lot of advantages. It helps professionals in:
- Enhancing their career opportunities
- Helps in job promotions
- Increased compensation
The MBA programme helps employees in acquiring management or leadership positions. It also provides the knowledge and the skills required to begin a new business. 1 year MBA coursework involves a broad catalogue of business-related topics. Some of these topics include accounting, statistics, economics, communications, management, and entrepreneurship. Apart from helping students in getting ready to work for financial institutions such as banks, it also prepares them for management positions in other fields or as founders of startup companies.
The Route to be Followed to Earn an MBA Degree in Singapore
- Full-Time Programme
- Part-Time Programme
The full-time MBA programme in Singapore is a general management degree that helps students in giving them a detailed understanding of how any business works and how business leaders rise to meet an ever-changing set of circumstances and challenges.
On the other hand, a part-time MBA programme takes two to three years to finish. Some colleges offer accelerated part-time MBA programmes so that the students have the opportunity to graduate sooner than a traditional part-time MBA programme.
Although both programmes will result in the achievement of an MBA degree, still, there is a trade-off to be considered. A full-time student will find it hard to work for the duration of their 1 year or 2 years at an MBA school on the other hand - no such problem is faced as a part-time student.
When is an MBA Valuable?
MBA requires time, effort, and expense. It is only worthy when the graduate plans to work in a business-related field, in management, or as a company founder. For the graduates working in any industry, unless they are in management or leadership roles, an MBA is of no use for them. However, not all MBA degrees are treated equally. The number of colleges, business schools, and universities offering a Masters' degree in Business Administration is increasing day by day, making the space quite crowded. So, if the degree is not from a respectable college or university, it might not be as valuable as expected. A student earning a degree from a top-tiered business school in Singapore is valued more than the one earning from any lower tier institute.
MBA in Singapore
Doing a 1 year MBA in a Singapore university is 100% worth your money, your time, and your knowledge as well. A part-time MBA programme is not available in Singapore. According to the Singapore government, one is not supposed to work part-time during your education. The costs of an MBA course vary differently across different business schools. Singapore Business Review's channel found that tuition fees in Singapore for completion of a 1 year MBA programme may range from $15,000 to over $100,000. Considering an average, students can expect to pay about $30,000 and above.