Although the Southeast Asian city-state is also feeling the effects of the financial crisis, the business schools are recording an increase in demand for their Executive MBA programs. Companies may have cut their budgets for continuing education, but managers nonetheless want to complete the Executive MBA as long as they still have a secure job, Nilanjan Sen, Associate Dean of Executive Education at the tells "The Straits Times" newspaper.
And before the financial crisis, many of them ultimately wouldn't have had time for the program. But now that everything is running slower, many are taking advantage of the extra time to complete a career-accompanying program. The number of applicants has therefore increased by 25 percent.
There is also increasing demand at Insead, which has its own campus in Singapore. The rise is particularly visible with the new, joint Executive MBA with China-based as it has received 50 percent more applicants than the year before.
Applicant numbers have also increased at the National University of Singapore's (NUS) business school, even though the Executive MBA is often viewed more as a "luxury good" since the worldwide financial crisis and many companies have cut their training budgets.