The Master of Science in Financial Engineering (MFE) is a multi-disciplinary program that combines finance, mathematics, and computing with a practical orientation to solve problems in finance. The MFE was launched in 1999 by the Centre for Financial Engineering at NUS, the predecessor to RMI. It aims to equip finance and banking industry professionals and fresh graduates with current knowledge and skills in financial innovations and technology. The domain knowledge includes financial product development, modelling of prices, hedging, investment technology, risk analyses and computational methods.
There are many MFE programs available and the RMI MFE distinguishes itself by striving to shape its students into ‘doers’ – people with the theoretical background necessary to approach complex financial problems and the practical know-how to solve these problems.
RMI is a world leader in advancing innovative solutions to risk management challenges. We offer an environment where new ideas are created and innovative solutions are put to real practice. Our flagship non-profit Credit Research Initiative, launched in July 2009, views credit ratings as a “public good” and approaches the rating methodology development in the spirit of Wikipedia. Today, RMI produces daily updated default forecasts for over 35,000 listed firms in over 100 economies around the world (http://rmicri.org). As an MFE student of RMI, you will have a unique opportunity to hone research skills and contribute towards building a critical part of the world financial infrastructure.
Career opportunities for financial engineers are available worldwide in commercial and investment banks, brokerage and securities firms, treasury and financial planning departments of non-financial corporations, insurance companies, consulting, investment advisories, accounting firms, government financial agencies, hedge funds, pension funds, and financial software and technology businesses. The combination of skills - understanding of complex financial strategies, financial modelling ability, and computational proficiency - is in high demand, and is difficult for employers to find in graduates of traditional MBA or quantitative degrees such as engineering, physics or mathematics.
The MFE degree is awarded by the National University of Singapore and administered by RMI. Its teaching faculty comprises of academic staff from various departments of NUS such as the Departments of Finance, Mathematics, Statistics and Applied Probability, and practitioners from the financial industry. It is a multi-disciplinary program that draws from the established strengths of the various NUS faculties. Some modules are co-taught by senior bankers and industrialists in the relevant field. There are also elective modules that are conducted at an intensive pace over one week that will be conducted overseas. Previous overseas modules were hosted by University of Oxford, Princeton University and the University of Waterloo.
RMI organizes seminars and workshops with guest speakers from renowned universities as well as industry professionals. These events provides have enriched our students and alumni with the opportunity to have a deeper understanding on contemporary issues of financial engineering. For the upcoming events, please click here.
Tel: +65 6516 4595 or +65 6601 1214
Fax: +65 6874 5430
NUS Risk Management Institute
21 Heng Mui Keng Terrace
I3 Building #04-03