Wondering what will be your salary after MBA in Singapore? Worry not. Through the course of this article, we will tell you about the possible job options and salaries you will get after an MBA.
Singapore, one of the world’s top commercial capitals, is home to over 37,000 international companies across several industries. Being one of the fastest-growing tech markets in the world, the country attracts several thousands of students and job applicants every year. The easy visa policy, availability of scholarships, lucrative salary structure etc., are some of the reasons Singapore has become a popular educational and job destination.
Let’s take a detailed look at the reasons why Singapore is considered a great place to work.
Why Singapore is a Great Place to Work?
If you are planning to pursue an MBA and settle abroad, then Singapore is the best possible choice for you. If you are still wondering what makes this country an impeccable place to start your career or relocate, here are some reasons.
- Salaries are lucrative – Singapore has one of the world’s best prospering economies. With a booming economy, the country is always in search of a highly skilled workforce. Besides, it has a low unemployment rate and a business-friendly environment. Hence, if you are highly skilled in your field of work or study, you can earn lucrative salaries by working in Singapore. The median salary for an MBA in Singapore is around 51,000 SGD (~27.9 lakh INR).
- Getting the work permit and residence status is easy – Singapore is a small country with a population of only 5 million. Hence, the country is always interested in welcoming the immigrants and labour force. The process of getting a work/residence permit is easy and could take only one day if you already have a job offer. You’ll also get the residence permits along with your work permit for the same period of time. Besides, if you are an entrepreneur who wishes to build and develop your company there, the process of getting a permit is even simpler.
- The tax system is progressive – The tax system in the country is highly progressive. If you obtain a residence permit, your personal tax would range from 0% (for those who earn less than S$ 22.000 per year) to 20% (for those who earn more than S$ 320,000 in a year). However, you are not required to pay taxes for the earnings you gained overseas and brought to the country.
- The adaptation is easy – Singapore is diverse in culture. The country is a mix of Malay, Chinese, British and Indian cultures and around 42% of the total population are foreigners. For this reason, most companies use English as the common working language. Hence, you won’t experience any language barrier at the working place, and the adaptation process would be much simpler.
Average MBA Salary in Singapore
MBA degree is considered as one of the highest-paid postgraduate qualifications around the world. Besides, countries like Singapore are always interested in welcoming skilled talents from other parts of the world. Hence, if your skills match the company’s requirements, you can grab a high-paying job in this country. The salary for MBA freshers in Singapore is up to 51,000 S$ (~27.9 lakhs) and with experience is up to 111000 S$.
The following table will give you an overview of what your salary would be, in accordance with various job positions.
|Profession||Salary (in Singapore Dollars SGD)|
|Business Development Manager||~102,000|
We hope you found this information on salary after MBA in Singapore useful. If you are an MBA graduate, Singapore is one of the best places to work, as it has a developed commerce-oriented market economy and offers numerous job opportunities with high salary packages. However, before taking a decision, refer to the above information, check if your job profile has a growth opportunity, and decide accordingly.