Singapore has been ranked as the fourth best city in the world to work by global business talent in a survey conducted by Insead, the world’s largest graduate business school.
The United Arab Emirates’ most cosmopolitan city, Dubai, was identified as the most attractive city in the world to live in in terms of professional and private life, according to the Insead Alumni survey.
The news supports the findings of the 2013 Global Talent Competitiveness Index (GTCI), created by Insead, in partnership with Singapore’s Human Capital Leadership Institute and Adecco, which ranked the UAE ahead of other oil-based economies in the Gulf and the Middle East region for attracting and retaining talent, and 19th globally.
The new study, undertaken for the first time by the Insead Alumni Association France, has recorded and assessed the responses of 835 Insead Alumni with international working experience.
It assessed four all-encompassing factors drawn from 30 criteria dealing with professional and private life: economic dynamism (quality of labour, access to funding, etc.), quality of life (sports and cultural facilities, air quality, etc.), cost of living (real estate, dining and entertainment, etc.), and finally, the overall attractiveness of the city (young talent, access to technology, etc.)
Among 15 of the world’s prominent cities, Dubai topped the list for the best place to work, ahead of Amsterdam (2nd), Toronto (3rd), and Singapore (4th), ranking first in economic dynamism, third in overall attractiveness, and receiving the fourth place in quality of life and cost of living.
Miguel Lobo, Associate Professor of Decision Sciences and Director of Insead Campus Abu Dhabi said: “To some it might come as a surprise that Dubai has been ranked as the best place to work globally by the Insead Alumni Association, but for Insead in the region this is not a revelation.
“Today’s business leaders and key decision-makers recognise the dynamism of this country, which leads many to choose to live, work and actively immerse themselves in the regional business landscape.”
Singapore is regularly ranked highly in surveys looking at the best global cities to live and work, as well as for its cost of living.