Singapore MBA selection criteria
Singapore MBA selection criteria
An MBA degree is a passport to an international corporate career. If you want an MBA degree which earns you respect from around the world, Singapore is just the prefect place for you. Singapore is turning into an education hub of the world. Singapore boasts of having some of the best institutes not only in the Asia Pacific region but the entire world. An MBA in Singapore provides excellent opportunities to the students in Singapore and other parts of the world. These Business Schools in the country have global accreditation and recognition from around the world which makes students get high paying jobs anywhere in the world.
Thankfully, you can study for a part-time MBA degree in Singapore as there are many part-time MBA programs which cater to busy working executives. Fortune 500 multinational companies typically require managerial candidates to have a MBA degree from a recognized university. If you plan to attract the attention of an employer like Goldman Sachs or McKinsey, then you would need to have an MBA from a Top-20 business school like Harvard, Wharton, Kellogg or Chicago. In Asia-Pacific, the Chicago MBA program is available in Singapore and the Kellogg MBA program is available in Hong Kong.
For most of us who are working executives, attending a full-time MBA program is not a tenable option as there are the inevitable career sacrifices to be made. So the next best alternative is a part-time MBA program or an Executive MBA program.
MBAs in Singapore
In Singapore, there are close to 40 MBA programs available in the marketplace as shown in Edupoll MBA Directory on this website. However, it is important to note that not all MBA programs are created equal. Only a good MBA from a good business school can make a difference to your career and income. Before signing up for your MBA program, you have to be clear about your objectives for wanting to acquire an MBA qualification. Some common objectives include:
1. Boost my CV
2. Social status
3. Enhance my professional credibility
4. Acquire business knowledge
5. Networking with other managers
6. Pre-requisite in my industry eg management consulting
7. My potential employer hires only top MBAs eg Goldman Sachs
8. Sponsorship from current employer
9. Part of my lifelong learning agenda
10. Peer pressure
Your objectives will help you to choose the MBA program that is most appropriate for you. As a rule of thumb, the more prestigious MBA programs tend to cost more as MBA teaching is highly labour intensive. Besides, top professors command higher fees and may have to be flown in from overseas campuses. Additionally, some MBA programs require the students to complete certain courses overseas or to go on overseas study trips. Source: www.Edupoll.org
MBA Accreditation
Students should also look for business schools whose programs are accredited by one of the 3 major accreditation bodies: AACSB, EQUIS and AMBA.
• AACSB stands for the Association to Advance Collegiate Schools of Business. This American institution is widely regarded to be the leading business schools accreditation body in the world. It was founded in 1916. All the top business schools in America are accredited by AACSB. There are only a handful of AACSB Accredited MBA programs in Singapore, they includes Chicago Booth Business School, National University of Singapore-UCLA EMBA , City University of New York and Louisville University.
• EQUIS stands for European Quality Improvement System. Founded in 1997, it is managed by EFMD – the European Foundation for Management Development. Unlike AACSB, the EQUIS accreditation extends beyond business schools and covers all programs offered by an institution from first degree to PhD. In Singapore there are only 5 business schools that are affiliated with EFMD, they include National University of Singapore, Nanyang Technological University, Singapore Management University, Aventis School of Management and U21, an online university that comprises of 21 member universities. EQUIS Accredited MBA programs include Stracylade University, Lancaster University and Manchester Business School.
• AMBA stands for the Association of MBAs. It was founded in 1967 by a group of UK graduates of Wharton and Harvard. AMBA is more UK-centric whereas AACSB is more international. Typically only UK University are AMBA members whilst US Universities pre-dominantly relies on AACSB Accreditation. In a way AACSB Accreditation is more internationally recognized than AMBA accredited ones. AMBA Accredited Universities includes Birmingham University, Hull University and National University of Ireland.
Aventis School of Management is a leading graduate school base in Singapore dedicated to the success of working professionals across Asia. Through its collaboration with internationally renowned universities including City University of New York, Arcadia University and Louisville University, Aventis offers a suite of Executive MBA, Master of Science, Graduate diploma and Executive Education programs tailor specifically for working professionals to sharpen their business acumen and knowledge. Aventis unwavering commitment towards delivering practical driven curriculum ensures that its qualifications are not only recognized academically but also by professional bodies across the world including the Chartered Institute of Marketing (CIM) UK, American Association of Financial Management (AAFM) and Centre for Behavioral Science (CBS). Aventis is also an affiliated member of the European Foundation for Management Development (EFMD) and European Council for Business Education (ECBE), which is connected to over 600 business schools across Europe.
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