Scholarships and Financial Aid

RMI Scholarships

All MFE applicants who have accepted the admissions offer will be automatically considered for the RMI Scholarships. Each scholarship will be granted either a full or a partial tuition waiver of $8,000 for the Program.

Recipients of the scholarship will be chosen on the basis of their previous research experience, ability to work in a team, attitude and likelihood of performing well in their coursework and future careers in the financial industry.

The Financial Specialist Scholarship (FSS) by The Institute of Banking and Finance Singapore (IBF)

The Financial Specialist Scholarship (FSS) (previously known as the Finance Scholarship Programme) is a postgraduate scholarship programme that helps develop specialist leaders in a variety of fields in Singapore's financial services sector.

To find out more information regarding the FSS Programme, please refer to

Financial Aid - Lee Hock Ley Bursary

A former student of Raffles Institution, Singapore, Mr Lee took the diploma in Pharmacy at the University of Malaya in 1951. He made a career switch in his 30s into stock broking where he amassed his wealth. He joined J.M. Sassoon Co. Singapore, Stock and sharebrokers in September 1957 and was eventually made partner of the firm in June 1959. He was one of the Board of directors at POSB from 1981 to 1986. The late Mr Lee Hock Ley was a wine enthusiast. He was the founding member of the Commanderie de Bordeaux Singapore.

Mr. Lee’s namesake bursary was established by his family in 2020 for students in the Master of Science in Financial Engineering (MFE) Program to provide financial support to students from low-income households. Each year, the bursary will support one to two MFE students with full or partial financial support, evaluated based on need.

Who is Eligible?

Full-time MFE students whose monthly per capita household income is not more than S$1,000 (or equivalent in other currencies). Eligibility is dependent on the assessed level of neediness of the applicant.

Important Notes

  • Application must be submitted to NUS RMI along with financial proof documents. Please submit your Bursary application via NUS MFE Financial Aid Application.
  • Recipient must not hold any other scholarships or bursaries or free aid without the prior approval from the University.

Successful recipients are required to:

Submit appreciation letter to donor, with a brief background of themselves and their achievements and maybe required to attend meet-up session with the donor.