General
Please refer to our webpage on student profiles for more details on average class size, full-time to part-time ratios and other statistics.
Admission Requirements
Early Admission typically takes place between May to June each year for the following year's intake. For example, for August 2022 intake, the early admission will be open between May to June 2021.
We do not have any restrictions on your academic background. You are welcome to apply.
Since 2019, GMAT and GRE are no longer compulsory to your application. You may choose to provide your GMAT/GRE results if you feel necessary.
You may get a waiver on TOELF/IELTS if the mode of instruction at your university was English. If that is not the case but the language of operation was English at your previous workplace then please write to us at mfe@nus.edu.sg with your application number. Please note that the final decision will be made by the admissions committee.
In certain cases, a phone interview may be required to ascertain the suitability of candidates. Applicants will be given notice before the interview.
We are unable to evaluate your qualifications before you apply. The evaluation process looks at an individual candidate’s entire application, and compares that profile against the larger applicant pool. Therefore, it is not possible for us to tell you in advance your chances of admission.
We welcome applications from candidates with several years of work experience. However, work experience is not a requirement.
Completing Your Application
You may submit an unofficial transcript with your online application and updates us with your official transcript as soon as possible.
We have only one intake in August for each year. The application for the August 2023 intake is open from 1 October 2022 to 15 March 2023. Please visit the application page at Application for more details.
Yes, online application for the MFE program is available and preferred. Please visit the application page at Application for more details. Please read the application guidelines carefully before you proceed.
To submit your application for the NUS MFE program, you need to submit the online applicaiton and upload all the necessary documents as per the checklist into the GDA system. Hardcopy documents to be mailed in only upon receipt of verbal offer.
You may email the additional documents to us at mfe@nus.edu.sg. You do not need to resubmit a new application.
The checklist online is for administrative purposes only and is not updated in real-time. Kindly ignore it. If there is any outstanding document, we will contact you separately by email.
Program Modes
Students opting for distance Learning mode will need to attend the first semester in-person in Singapore. Only students who are working overseas are allowed to convert to part-time distance learning track.
The part-time on-campus mode is open to foreigners with a valid residential status. If you are an international applicant currently based overseas, in order to get a visa to stay in Singapore you will need to apply for the full-time mode under the Student’s Pass.
After Selections Have Been Made
Do note that our admission is conducted on a rolling basis and there are batches of offers to be extended at various points of time. Your admission decision will be emailed to the address provided in your application and all applicants will be notified via email sometime by June.
Please note that the online checklist in the GDA is for administrative purposes only and is not updated in real-time.
We will send out offers earliest in January.
For applications made in November, you should hear from us by January if you are shortlisted in the first round. However, admission is done on a rolling basis in several rounds, it does not mean that you are not selected if you do not hear from us in January. We will be able to give you an official notification by June.
You need to respond in two weeks from the date of offer. If you accept, you will need to pay the acceptance fee of S$12,000 to secure the place. This S$12,000 will be offset from the total tuition fees.
We encourage candidates to apply for the year in which they wish to enroll. We realize, however, that unforeseen circumstances may prevent an admitted candidate from enrolling in that year. If, after being accepted to the MFE program, you have compelling reasons for deferring admission, you may request a deferral by writing to the Program Director. Deferment is granted for up to one year, if approved.
The required core curriculum assumes no prior knowledge of finance. However, the core courses do require a comfort with, and facility for, quantitative concepts as well as basic skills using a computer spreadsheet program. If you do not have a strong quantitative background and basic computer facility, you may wish to take a calculus or statistics course before you enroll. There will usually be a bridging program conducted before Semester 1 begins relating to calculus and programming.
You will have to compete with the rest of the candidates who apply next year on an equal basis.
Tuition Fees, Scholarships and Loans
Foreigners do not need to pay an additional fee as compared to Singaporeans and Singapore permanent residents. Please visit the admission page here for latest updates on tuition fees.
This Masters programme is not subsidized by MOE. The school fees are the same for all nationalities. Please visit the admission page here for latest updates on tuition fees.
Yes, please visit the scholarship and financial aid webpage here for the latest updates. You do not need to apply for scholarship separately. We consider all students’ application packages as part of our scholarship selection process.
We will interview eligible students and offer scholarships to deserving students with all-rounded excellence. The scholarship will be offered along with the admission letter.
Yes. International students are eligible.
Several Singapore based banks have granted education loans to students. Terms and conditions vary among the banks. Please contact the banks for further details. Students who are admitted to our program will not be eligible for the Tuition Fee Loan, a Singapore-government funded education loan scheme.
Classes
Classes are conducted either in lecture style or work groups, depending on the teaching style of the lecturer. Under pandemic situations, the classes are conducted online.
Octave is not a main component to our course, it is a platform for one of our core courses; Programming and Numerical Methods. Most of our courses use Matlab, C++ and Python as the main programming language. C++ will be taught in the C++ in Financial Engineering course, while Python will be used in the Machine Learning course.
Yes. Part-time and full-time students go for the same classes. This creates networking opportunities and students can understand more about the industry through their part-time counterparts. Classes are conducted in the evenings or on Saturdays to accommodate everyone’s schedule.
Currently, all MFE classes are conducted in-person on campus. If there are any exceptions students will be notified separately.
A list of courses are available on our website at https://rmi.nus.edu.sg/mfe-program/curriculum/. There are also cross-faculty courses which are not listed as they are updated on a termly basis.
The MFE programme has a special course overseas at Oxford University in July every year. Our students seeking an overseas experience may sign up for it. This course is currently conducted online due to travel restrictions.
Most full-time students can complete it within 1 year. Those foreign students who wish to return to their home country earlier will complete it within 1 year, while those foreign students who wish to look for a job in Singapore will complete it within 1.5 years or longer.
Employment After Graduation
Our MFE program is well recognized by the finance industry. Our graduates have made a significant impact in this area locally and internationally. Based on recent years' records, the majority of our students can find relevant jobs even before their graduation.
NUS has a dedicated career centre for all NUS graduates called the Centre for Future-ready Graduates (CFG). CFG equips students with skills to enhance their employability and to thrive in their future careers.
In addition, RMI also offers a suite of holistic career services to our MFE students ranging from workshops on interview skills, and networking, to customized one-on-one career consultation and resume writing. Meanwhile, we also explore a lot of internship and full time job opportunities for our MFE students from our network as well as alumni.
Based on our survey results, our MFE graduates’ starting salary belong to the top quartile of all NUS graduates.
Almost 100% of our students have completed an internship before they graduate.
Yes, you may remain in Singapore to look for a job up till the expiration of your Student Pass. About half of our foreign students will remain in Singapore as they have successfully found a job here upon graduation.