This article is sponsored by the Nanyang Business School at Nanyang Technological University. Learn more about Nanyang’s MBA program.
Middle management can seem like a sort of purgatory. Trapped between the lowest and highest rungs of an organization, middle managers often enact directives while having little influence upon the direction being taken. Looking upward, they see opportunity blocked by what Fortune Magazine once called, ‘the gray ceiling’ – the Baby Boomer generation, which it reckons to be 80 million strong.
Plummeting 401ks and real estate values have kept many of them in place long after it was expected they’d retire. Many Generation X middle managers are now also having their heels nipped by hordes of young, tech savvy Millennials.
Those who feel trapped in middle management often view education as the best escape route. But even with a fresh MBA, climbing the ladder can be easier said than done. That’s part of the reason Curtis Odom advised Fortune readers to pack their passports. International experience, especially in Asia (it’s the Asian Century, after all) can offer a direct route for those seeking that corner office.
One of the prime locations for MBA study in Asia, offering a firmly entrenched business climate with close links to both East and West is the city state of Singapore.
Study in Singapore for a gentle introduction to Asia
While India, China, and the ASEAN nations offer high growth, culture shock can be an issue for students coming from the West. MBA Study in Singapore can be a far gentler introduction to Asia.
In a recent study by ECA International, Singapore ranked as Asia’s most livable cities, beating rival Hong Kong in air quality and topping the list in categories like ease of doing business and transportation. Although sometimes derided for its high cost of living, Singapore’s appeal to the upwardly mobile is by design. When the city-state was founded, English became the primary language taught in schools. This played a key role in forging a distinct national identity within the region; one which was extremely appealing to expats. The island’s low taxes and regulations along with its well-educated workforce were seen as the best way to attract international businesses. The approach seems to have worked.
Today the island boasts one of the highest per capita percentages of millionaires in the world. The Boston Consulting Group’s Global Wealth list reveals that 82 in every 1,000 households in the Singapore boast private wealth in excess of US$1 million.
Of even more interest to aspiring executives hoping to escape middle management perhaps is the fact that many of Singapore’s millionaires are newly rich – more than half earned their fortune in the last decade. Singapore is top-rated for ease of doing business according to The World Bank.
Local universities like Nanyang, of course, play a key part in this. Choose to study in Singapore and you may find unexpected doors opening for you.
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