The status of Singapore as a global business hub, combined with its thriving economy, extensive global business exposure, and the presence of numerous multinational companies, creates the ideal environment for MBA students to develop a strong professional network and gain practical experience for promising career insights. As a result, after completing an MBA degree from a reputable institute, MBA graduates often command salaries in a five or six-figure range, especially in fields like finance, consulting, and technology. In this article, you will find the current average MBA salary in Singapore for MBA graduates as well as the factors influencing it.
Current Average MBA Salaries In Singapore
Singapore remains a top destination for MBA professionals, offering strong career prospects and excellent growth opportunities across industries. The job market is dynamic, rewarding skilled talent with rapid advancement.
Salary Ranges By Experience Level
The average salary in Singapore for MBA graduates often significantly varies depending on their experience level. Here are the details.
- Entry-level (0–2 years) – According to Glassdoor, the average monthly salary of an entry-level MBA graduate is SGD 5,000 – 8,000 per month.
- Mid-level (3–5 years)- According to Glassdoor, the average MBA salary of a mid-level MBA graduate is between SGD 6,000 – 8,000 per month.
- Senior-level (6+ years) – According to Glassdoor, the average monthly salary of a senior-level MBA graduate is SGD 7,000 – 10,000.
Average Salaries By Industry
- Consulting- Some of the leading consulting companies operating in Singapore are McKinsey, BCG, Bain, EY, Deloitte, PwC, and KPMG. According to Glassdoor, an MBA graduate in these consulting firms in Singapore can have a total compensation (including salary and other perks) of almost SGD 5,000 – 8,000 per month.
- Finance & Banking- Some of the leading finance and banking companies operating in Singapore are MasterCard, American Express, ING, Citibank, JPMorgan Chase, Standard Chartered, HSBC, and DBS. According to Glassdoor, the average monthly salary of an MBA graduate working in a banking and finance company is around SGD 4,000 – 6,000.
- Tech & IT- Some of the best tech and IT companies operating in Singapore are Google, Microsoft, Apple, SAP, Salesforce, ByteDance, Amazon, Cisco, Grab, Sea, etc. The average monthly salary of an MBA graduate working in these Tech and IT companies in Singapore in 2025 can be around SGD 5,000 – 8,000. However, the salary of MBA graduates often depends on factors like specific job roles, company profiles, and experience levels.
- Healthcare – Some of the most prominent global healthcare companies operating in Singapore include Abbott, IHH Healthcare, Raffles Medical Group, Parkway Pantai, Amgen, and Medtronic, among others. The average monthly MBA salary of an MBA graduate operating in the healthcare sector can be around SGD 5,000 – 7,000.
- Logistics & Supply Chain- Some of the leading logistics and supply chain brands operating in Singapore are DB Schenker, DHL, FedEx, Kuehne + Nagel, UPS, Maersk, etc. The average salary of the MBA graduates working in this field is around SGD 2,500 per month.
MBA Salary By Job Role
- Project Manager– As mentioned in Glassdoor, the average MBA salary in Singapore for a project manager in 2025 is around SGD 6,000 – 9,000 per month. It includes both the basic salary and the additional compensation, such as profit sharing or bonuses.
- Business Analyst- A Business Analyst in Singapore with an MBA degree can earn around SGD 4,000 – 6,000 per month. This salary range depends on several factors such as the experience of the professional, the company size, and the specific industry where the business analyst is operating.
- Strategy Consultant- According to Glassdoor, in 2025, the average salary in Singapore for MBA graduates operating as strategy consultants is around SGD 5,000 – 8,000 per month.
- Product Manager – In 2025, as per Glassdoor, a Product Manager in Singapore with an MBA degree can earn approximately SGD 6,000 – 9,000 per month. However, the average monthly salary of these professionals often depends on factors like their experience and the company size.
- Operations Manager – The estimated average salary for an Operations Manager with an MBA degree in Singapore is approximately SGD 4,000 – 7,000 per month.
Also Read: Future Of MBA Education In Singapore
Factors Influencing MBA Salaries In Singapore
Several factors influence the average MBA salary in Singapore. Understanding these factors that affect your earning potential is essential for making informed career decisions and also for long-term planning of MBA career paths and salaries. Some of them are:
- Experience level: Prior work experience before an MBA is one of the factors that has a big influence on an MBA salary. Employers always value the knowledge and practical skills that these experts bring. Therefore, candidates with relevant work experience before pursuing their MBA can get higher salaries.
- Educational institution: The prestige of the educational institute from which you have pursued an MBA can have a significant impact on your MBA degree salary, especially if you are a fresh MBA graduate. MBA courses pursued at top-ranked educational institutions like NUS or INSEAD will yield higher starting salaries.
- Specialisation: The MBA specialisation you choose can significantly influence your Master of Business Administration salary. For example, graduates entering high-demand industries such as healthcare, technology, or finance often receive a higher average Master of Business Administration salary compared to those in other fields.
- Job role: The industry and role you choose after completing your MBA significantly impact your salary in Singapore. For example, pursuing a career in management or consulting typically leads to higher salaries. Additionally, your earnings tend to grow as you gain more experience, particularly in leadership or specialised roles within your chosen industry.
Future Outlook: MBA Salaries In 2025 And Beyond
The average salary in Singapore for MBA graduates is typically high, ranging between SGD 109,839 and 121,000. However, MBA career paths and salaries can vary significantly across different sectors. Understanding these differences will help you make informed decisions about the right career path.
- Increasing demand in sectors like Finance, Consulting, and Technology- As more and more businesses worldwide now prioritise innovation and agility, the demand for MBA graduates is rising in sectors like finance, consulting, and technology. These sectors are undergoing a digital transformation, resulting in a need for data-savvy and strategic leaders, which will create new job opportunities for MBA graduates.
- Emerging industries and roles – In 2025 and beyond, MBA graduates in Singapore will see job opportunities in various emerging industries, including the Digital Economy, Healthcare, and Fintech, with job roles focusing on analytical skills, strategic leadership, and specialised fields such as cybersecurity and blockchain. Additionally, there will be more job opportunities in fields such as investment banking, consulting, and corporate finance.
- Continuous upskilling and adaptability- While the present trends show positive growth for MBA graduates regarding employment opportunities, continuous upskilling and adaptability are two major factors for maximising their earning potential in the coming years.MBA graduates with specialised skills in areas like digital marketing or data analytics are likely to command a premium Master of Business Administration salary in Singapore’s competitive job market in 2025. Additionally, strong soft skills—such as effective communication and leadership—can further boost their appeal to employers and have a positive impact on their overall MBA pay.
Also Read: How an MBA in Singapore Can Boost Your Career in Consulting?
Conclusion
upGrad helps you select the best MBA specialisation to build a prosperous future in Singapore by offering application assistance (from helping you choose the right university to securing your visa), personalised guidance, and access to the top MBA programs in the country. Additionally, expert consultations help you align your specialisation with your strengths and career goals, maximising your potential to earn a competitive MBA degree salary.
Some online MBA programs that you can explore are:
- MBA from O.P. Jindal Global University
- MBA from Paris School of Business
- Master of Business Administration (Edgewood College)
- Master of Business Administration from Liverpool Business School
- Master of Business Administration (Golden Gate University)
Have questions? Email us at query@upgrad.com or call +65 6232 6730.
FAQs on Average MBA Salaries in Singapore
Q: Which industries offer the highest salaries for MBA graduates in Singapore?
Ans: Healthcare, tech, and finance are a few industries that offer the highest MBA salaries in Singapore to MBA graduates.
Q: How does work experience affect MBA salaries in Singapore?
Ans: Work experience significantly influences MBA degree salary in Singapore, with seasoned professionals typically earning higher packages than fresh graduates.
Q: Do MBA specialisations impact salary levels in Singapore?
Ans: Yes, MBA specialisations can impact your average MBA salary in Singapore. Even though an MBA is a valuable degree, pursuing specialisation in fields like Finance, Consulting, and Tech will result in higher earning potential, mainly in specific industries.
Q: Are salaries for MBA graduates in Singapore expected to rise by 2025?
Ans: Yes, the average salary in Singapore for MBA graduates is expected to rise by 2025. According to a survey, in 2025, the salaries of MBA graduates across Singapore will increase by 4.1%, with the finance and technology sectors experiencing high increases.
Q: Is an MBA a good investment for a career in Singapore?
Ans: Yes, pursuing an MBA is a worthwhile investment for a career in Singapore, especially for people looking to advance their careers in this global business hub. The strong economy and the availability of many multinational corporations offer numerous lucrative career opportunities for MBA graduates in Singapore.
