Singapore provides high-quality Economics education with strong links to international finance, policy institutions, and leading research centres. With 6 public + 20+ private higher education institutions and ~75,000 international students enrolled each year, the country provides a rich academic environment for Economics students at every level — from Bachelor’s through to doctoral research.
Whether you are pursuing an undergraduate degree, a specialised Master’s program, or a research PhD, Singapore has options to match your goals and budget. This guide covers the top-ranked universities for Economics in Singapore, admission requirements, tuition fees, career prospects, and everything you need to know before applying.
Quick Facts: Economics in Singapore
| Subject | Economics |
| Country | Singapore |
| Program Duration | 3–4 years (Bachelor’s), 1–2 years (Master’s) |
| Tuition (International) | SGD 8,000 – 15,000/year (subsidised); SGD 15,000 – 40,000/year (non-subsidised) |
| Language of Instruction | English |
| Leading University | National University of Singapore (NUS) |
Top Universities for Economics in Singapore 2026
The following universities in Singapore are consistently recognised for excellence in Economics, attracting students from around the globe:
| # | University | City | Type | World Rank |
|---|---|---|---|---|
| 1 | National University of Singapore (NUS) | Singapore | Public | #8 |
| 2 | Nanyang Technological University (NTU) | Singapore | Public | #15 |
| 3 | Singapore Management University (SMU) | Singapore | Public | #477 |
| 4 | Singapore University of Technology and Design (SUTD) | Singapore | Public | #Top 500 |
| 5 | Singapore Institute of Technology (SIT) | Singapore | Public | #Applied |
Why Study Economics in Singapore?
- NUS and NTU rank in the global top 20 — among the best universities in Asia
- Gateway to Asia’s booming economies: China, Southeast Asia, India
- English is the official medium of instruction at all major universities
- Government tuition grants available for eligible international students (with service bond)
- Safe, connected city-state with a vibrant international student community
Admission Requirements for Economics Programs in Singapore
Entry requirements vary by institution, but most universities in Singapore expect the following for Economics applicants:
- Strong mathematics background (calculus, statistics essential)
- IELTS 6.5+ or TOEFL 90+
- GRE score (for US and top European graduate programs)
- Analytical writing sample (for MSc programs)
- Transcripts showing quantitative strength
Tuition Fees and Cost of Living in Singapore
| Public University Tuition | SGD 8,000 – 15,000/year (subsidised); SGD 15,000 – 40,000/year (non-subsidised) |
| Private University Tuition | SGD 20,000 – 60,000/year |
| Average Living Costs | SGD 1,500 – 2,500/month/month |
| Language of Study | English |
Many universities in Singapore offer scholarships and financial aid specifically for international Economics students. Check each university’s financial aid pages and your home country’s government funding schemes before applying.
Career Prospects After Economics in Singapore
Graduates with a Economics degree from a Singapore university are in high demand both locally and internationally. Common career paths include:
- Economist
- Financial Analyst
- Policy Advisor
- Investment Banker
- Data Analyst
Frequently Asked Questions
What are the best universities for Economics in Singapore?
The leading universities for Economics in Singapore include National University of Singapore (NUS), Nanyang Technological University (NTU), and Singapore Management University (SMU). These institutions offer internationally accredited programs with strong research output and industry connections.
How much does it cost to study Economics in Singapore?
Tuition for Economics programs in Singapore ranges from SGD 8,000 – 15,000/year (subsidised); SGD 15,000 – 40,000/year (non-subsidised) at public universities. Average living costs are approximately SGD 1,500 – 2,500/month. Scholarships are available for international students.
Can I study Economics in Singapore in English?
Singapore’s universities teach entirely in English, making it a straightforward choice for international applicants.
What are the admission requirements for Economics in Singapore?
Most Economics programs in Singapore require: Strong mathematics background (calculus, statistics essential), IELTS 6.5+ or TOEFL 90+, and GRE score (for US and top European graduate programs). Specific requirements vary by university and level of study.
Related Resources
- Best Universities in Singapore 2026 — complete country overview
- Best Universities for Economics Worldwide — global subject rankings
- Study in Singapore — Complete Guide for International Students
- International Scholarships 2026 — funding your studies abroad
- Best Student Cities in the World 2026