Step 2: Preparing To Apply

Financing Your MBA 




Aside from your personal funds and resources, scholarships are available to qualified candidates. Most banks banks also provide educational loans at attractive interest rates, but mainly for local residents and Singapore citizens.

Scholarships | Bank Loans

APEC | ASEAN | LIEN | MBA TOUR | NTU-MBA | NTU ALUMNI | QS Community |
QS Leadership | SPRING Management Development Scholarship


Financing and financial aid options are available to all students, including international students. Educational loans are offered to local and permanent residents. A variety of scholarships and need-based grants are available to all students who are eligible.
APEC Scholarship

Eligibility – Open to nationals from the following APEC member economies (except Singapore) to pursue a full-time MBA programme at NTU: Australia, Brunei Darussalem, Canada, Chile, Chinese Taipei, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, People’s Republic of China, Peru, Philippines, Republic of Korea, Russia, Thailand, United States, Vietnam. Singaporeans and Singapore Permanent Residents and recipients of other scholarships or bursaries are not eligible to apply.

Quantum – Monthly stipend of S$1,400; book allowance of S$500; tuition fees, health insurance, examination fees and other approved fees, allowances and expenses; cost of one overseas Business Study Mission; cost of travel from home country to Singapore on award of the Scholarship; and cost of travel from Singapore to home country on successful completion of the Masters programme. Each scholarship is tenable for a period of four trimesters only.

Application – Open in November and close on 31 December each year. Invitations for applications will be placed in the newspapers in the capital cities of the APEC countries and on the University’s website.

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You can find answers to many admissions questions in our FAQ page [and on the Admissions Blog in near future].

ASEAN Postgraduate Scholarship

Eligibility – Open to nationals of member countries of ASEAN (except Singapore) to pursue a designated full-time Masters degree by coursework at NTU. Singaporeans and Singapore Permanent Residents and recipients of other scholarships or bursaries are not eligible to apply.

Quantum – Monthly stipend of S$1,350; book allowance of S$500; tuition fees, health insurance, examination fees and other approved fees, allowances and expenses; cost of one overseas Business Study Missions; cost of travel from home country to Singapore on award of the Scholarship; and cost of travel from Singapore to home country on successful completion of the Masters programme. Each scholarship is tenable for a period of four trimesters only.

Application – Open in November and close on 31 December each year. Invitations for applications will be placed in the newspapers in the capital cities of the ASEAN countries and on the University’s website.

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Lien Foundation Scholarship for Social Service Leaders

The Lien Scholarship is a postgraduate scholarship open to outstanding staff from voluntary welfare organisations (VWOs) and members of the public. This has been launched by the Lien Foundation in partnership with NCSS.

Eligibility - The scholarship is open to candidates with academic excellence, a notable performance record and the potential to take up leadership positions in VWOs. Scholarship award includes tuition fees, maintenance allowance (for full-time studies), book allowance and any other compulsory fees.

For more information on the scholarship and careers in the social services, do visit the following websites:

Lien Scholarship
Career in Social Services

Contact:
Contact us at NCSS for more information on the scholarship.
Ms May Lee: May_Lee@ncss.gov.sg

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MBA Tour Scholarship [Peter & Alice von Loesecke Scholarship Foundation]

The MBA Tour has established a scholarship foundation called the “Peter and Alice von Loesecke Scholarship Foundation”. The purpose of The Foundation is to award two (20,000 USD) scholarships each year to a candidate who best exemplifies the criteria for the award and continues to demonstrate during their MBA studies an interest in pursuing those objectives for which the scholarship was awarded. Each year The Foundation will announce the criteria for which the scholarship is awarded. The award criteria will be socially motivated to include:

  1. A desire to return to a home country to grow a family business and create employment
  2. A desire to create a socially responsible entrepreneurial venture (e.g. micro lending, basic health care delivery in poverty stricken rural areas)
  3. A desire to work for an international lending organization providing loans for projects in developing countries
  4. A former volunteer or employee of a public service organization (e.g. veteran of the armed forces, peace corps volunteer, or an NGO)

To Apply/ Eligibility:

  1. Applicants are eligible if they attended one of the MBA Tour events after July 2008 and have been accepted to a university they MET at the event.
  2. Applicants must ask the university they plan to attend to nominate them for the scholarship by printing their scholarship ticket through The MBA Tour website and sending it to their university (Login to your MBA Tour profile and select "Request your Scholarship Ticket").
  3. Applicants can only submit their ticket to ONE university and a university can only nominate ONE candidate for the scholarship.
  4. Any university participating in an MBA Tour event is eligible to nominate an applicant for a scholarship. However, the student MUST have attended the event in which the university participated.
  5. Once a school has identified a candidate to nominate who the school thinks best meets the scholarship criteria, the university must then submit to The Foundation the candidate’s name, a resume in English, the scholarship nomination form, and the scholarship ticket submitted by the student.
  6. To qualify for a nomination, the candidate must be already accepted by the school. The Foundation will consider only one candidate per school and one school per candidate. Should two or more schools nominate a candidate; The Foundation will disqualify the candidate. If a student elects to attend a school other than the one from which he or she were nominated, they will no longer be eligible for the scholarship.
  7. After the deadline for nominations, The Foundation will announce semi-finalist candidates who will be asked to complete an application. The Foundation will also notify candidates who were not selected as semi-finalists. The application will ask the candidate to demonstrate their qualifications and interests in the award criteria. After a review team has evaluated the applications from nominees, The Foundation will announce finalists for the scholarship. The Foundation may also ask candidates for an interview before it announces finalists. Finally, The Foundation will award the scholarship directly to the school and may elect to stage award payments based on the recipient’s continued demonstration of the award criteria.

Interested applicants who fit the eligibility criteria, please email mba.admissions@ntu.edu.sg to indicate their wish to be nominated.

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NTU-Alumni Scholarship

Eligibility – Open to alumni of NTU (refer to graduates from NTU/NTI/Nantah/NIE) admitted to the MBA programme on a full-time basis. Recipients of other scholarships or bursaries are not eligible to apply.

Quantum – A lump sum of S$3,000.

Application – Open in early July and close in end July each year. Applications forms are available on the University's website.

For details, visit here

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NTU-MBA Scholarship

Eligibility – Open to all (international students, Singaporeans and Singapore PRs) to pursue a full-time MBA programme at NTU. Recipients of other scholarships or bursaries are not eligible to apply.

Quantum – partial or full programme fees of a full-time programme

Application – Open in October each year and close on end February each year. Please apply for this scholarship by indicating in the “Scholarship” portion of the online application form for the NANYANG MBA. A separate application is not required.

Recipients of other scholarships or bursaries are not eligible to apply for the above scholarships.

For details, visit here

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QS Community Scholarship

These scholarships are designed to identify five QS World MBA Tour and QS World Grad School Tour applicants who demonstrate an exceptional level of socially responsible leadership and an ability to motivate others.

Scholarship value: US$2,000
Number of winners: Five
Criteria:

  1. Attendance at a QS World MBA Tour or QS World Grad School Tour fair and a complete QS Applicant Survey.
  2. Admittance to any top 200 global Masters, PhD or MBA program, participating in the QS World MBA Tour or QS World Grad School Tour. See the QS TopMBA Career Guide for list of schools - copies available at all QS World MBA Tour venues and online at http://www.topmba.com/mba-careers/career-guide-online
  3. Submitted essay on the topic, "Where I have given back my time and talent to my community and how it made a difference" (max. 750 words)

The successful candidates will demonstrate their potential in leadership, motivating others and social responsibility. The winners will be selected by a jury of distinguished alumni from QS Global Workplace working in NGOs and education writers.

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QS Leadership Scholarship

The QS Leadership Scholarships for MBA and Postgraduate Studies is designed to identify a QS World MBA Tour or QS World Grad School Tour participant who demonstrates exceptionally strong leadership potential and innovative thinking.

Scholarship value: US$10,000
Number of winners: Two, one MBA applicant, one postgraduate applicant
Criteria:

  1. Attendance at a QS World MBA Tour or QS World Grad School Tour fair and a complete QS Applicant Survey.
  2. Admittance to any top 200 global Masters, PhD or MBA program, participating in the QS World MBA Tour or QS World Grad School Tour. See the QS TopMBA Career Guide for list of schools - copies available at all QS World MBA Tour venues and online at http://www.topmba.com/mba-careers/career-guide-online
  3. Submitted essay on the topic, "Where I have demonstrated responsible leadership or innovation and how it made a difference (either in my community or in my work)" (max. 750 words)
  4. The successful candidates will demonstrate their proven ability to innovate and lead. The winners are selected by a jury of distinguished alumni from QS Global Workplace and education specialists from QS World MBA Tour media partners.

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SPRING Management Development Scholarship (MDS) - Applicable to Singaporeans and SPRs only

The SPRING Management Development Scholarship, awarded by SPRING Singapore, aims to nurture the next generation of leaders for the trailblazer companies of tomorrow. Through a co-funding scholarship arrangement to pursue renowned graduate business programmes at leading universities in Singapore, MDS brings together the potent combination of promising young executives who have high leadership potential and dynamic, high-growth small-medium enterprises (SMEs).

SPRING MDS flyer (PDF)

The SPRING Management Development Scholarship provides funding at the following levels :

  1. Full-time MBA : SPRING Singapore will provide grant value of up to 50% of expenses which includes tuition fees, basic stipend and other related costs, including monthly allowance for full-time MBA scholars.
  2. Part-time MBA : SPRING Singapore will provide grant value of up to 50% of tuition fees and other related expenses. The SME will bear the full salaries throughout the course of study.

Eligibility -

For SMEs

You can develop existing young managers in your company or attract new talent through the SPRING Management Development Scholarship (MDS) if your company meets the following criteria

  1. at least 30% of your shareholding is local
  2. your company’s group fixed assets are below S$15 million
  3. you have no more than 200 employees (for companies in the services sector)
  4. you have minimum S$10 million annual sales turnover
  5. your company shows good growth potential
  6. your company offers good opportunities for career development and advancement

NOTE: During the application to the MBA course, it is advisable for the company to concurrently send their MDS application to SPRING to allow time to assess the company's eligibility.

For Individuals

You can be a future business leader with a rewarding career in a dynamic, high-growth SME. You can apply for the SPRING Management Development Scholarship if you :

  1. are currently working in an SME or are interested to join one
  2. are a citizen or permanent resident of Singapore
  3. have less than 5 years of working experience
  4. successfully apply for one of the approved MBA programmes

You will need to :

  1. go through a joint selection process by SPRING and the participating SME
  2. serve a 3 month internship in the SME prior to embarking on the approved MBA course. Performance must be deemed satisfactory by the SME
  3. serve a bond of up to 2 years in the SME upon completion of your studies


For more information on government assistance programmes, please contact the EnterpriseOne hotline at Tel : (65) 6898 1800 (65) 6898 1800 or email enterpriseone@spring.gov.sg or visit their website at http://www.spring.gov.sg/mds

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Step 1: Admissions Process

Step 3: Application

 

 
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