CILACAP.INFO – Pursuing a master’s degree is a significant decision, both academically and financially. With Singapore emerging as a global education hub, many students consider whether investing a master’s degree in Singapore is worth the cost.
Let’s break down the financial aspects of pursuing a master’s degree in Singapore and the potential values it offers.
What is the General Cost of a Master’s Degree in Singapore?
The cost of a master’s degree in Singapore depends on the institution, programme, and whether you’re a local or international student. Typically, tuition fees range between SGD 18,000 to SGD 20,000. However, specialised programmes like an MBA or engineering courses can cost more, sometimes up to SGD 25,000 in some cases.
What are the Additional Living Expenses in Singapore?
Beyond tuition fees, students must also consider the cost of living in Singapore. As one of the most develop
ed cities in Asia, Singapore has a relatively high cost of living. Monthly expenses can include accommodation, food, transportation and personal needs. Here’s an estimate of typical monthly costs:
- Accommodation: SGD 800 to SGD 2,000, depending on whether you stay in a dormitory, shared apartment, or private rental.
- Food: SGD 300 to SGD 600, based on whether you cook at home or eat out.
- Transportation: SGD 100 to SGD 150, for public transport
- Miscellaneous: SGD 200 to SGD 400, covering entertainment, healthcare, and other personal expenses.
Overall, the monthly cost of living in Singapore can range from SGD 1,400 to SGD 3,000, depending on lifestyle choices. Students should budget at least SGD 15,000 to SGD 30,000, annually for living expenses in addition to their tuition fees.
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