Singapore’s efforts to become a hub for further education have taken a hit this month, as several campuses plan to relocate out of the country.
The University of Chicago, whose MBA programme was ranked number one by Bloomberg Businessweek last year, said it was relocating its Singapore campus to Hong Kong.
This follows announcements by NYU’s Tisch School of Arts and the University of Nevada, Las Vegas, that they are closing their Singapore campuses over the next two years.
“These campuses face the reality of making ends meet on their own after the reduction or withdrawal of these subsidies,” Peter Waring, Murdoch University’s Singapore principal, told Bloomberg.
However, Singapore still has several highly regarded business schools such as INSEAD, James Cook University, Duke University and SP Jain School of Global Management.
Additionally, Yale University is opening a liberal arts college here next month, marking its first overseas campus.
“It’s probably time for Singapore to reinvigorate its approach to high-quality foreign universities,” Jonathan Galaviz, interim dean of UNLV’s Singapore campus in 2011, told Bloomberg.
“To create big ideas, it must have a locally vibrant university scene that treats non-profit foreign universities just as well as its own local universities.”