Master of Science in Financial Engineering
Singapore, Singapore
DURATION
12 up to 48 Months
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Aug 2025
TUITION FEES
SGD 64,000 *
STUDY FORMAT
Distance Learning, On-Campus
* 64,000 SGD including 9% GST | 58,715.60 SGD excluding GST
Key Summary
Introduction
The National University of Singapore (NUS) Master of Science in Financial Engineering (MFE) is a graduate degree programme offered by the Risk Management Institute (RMI).
Launched in 1999 by the Centre for Financial Engineering at NUS, the predecessor to RMI, MFE is a multi-disciplinary programme that combines finance, mathematics and computing with a practical orientation to solve problems in finance.The combination of competencies that learners will develop over the course of the programme — an 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 Master of Business Administration (MBA) or quantitative (e.g. engineering, physics, mathematics) degree programmes.
Why This Programme?
- Be assured of a quality education from an established programme offered by RMI, a world leader in advancing innovative solutions to risk management challenges.
- Hone practical skills and contribute towards building a critical part of the world's financial infrastructure in an environment where new ideas are created and innovative solutions are put into real practice.
- Study on-campus (part-time or full-time) or via distance learning (same syllabus, materials, assessments and degree as a student who studies on-campus; all students undertaking distance learning are required to attend the first semester in person in Singapore).
Admissions
Scholarships and Funding
The scholarships and financial assistance schemes presented here are examples of the kinds of funding from the University as well as third-party sponsors that might be available to eligible NUS Master's Degree (Coursework) programme students and applicants.
The information provided is subject to change, and warranties cannot be provided as to its completeness or accuracy. Students and applicants are strongly encouraged to conduct their research and refer to the relevant sponsors and/or websites for more detailed and up-to-date information.
ASEAN Scholarship (Master of Science in Financial Engineering)
The ASEAN Scholarship for the NUS Master of Science in Financial Engineering (MFE) programme is offered to support outstanding students from ASEAN member countries (excluding Singapore). Each scholarship will be granted as either a full or a partial tuition fee waiver for the programme. All MFE applicants from the ASEAN region who have accepted the admission offer will be automatically considered for the scholarship and will not be required to submit a separate application.
Risk Management Institute Scholarships
All Master of Science in Financial Engineering (MFE) applicants who have accepted the admission offer will be automatically considered for the Risk Management Institute (RMI) Scholarships. Each scholarship will be granted as either a full (S$64,000.00) or a partial (S$12,000.00) tuition fee waiver for the MFE programme.
Curriculum
Course/Essential Courses
Students are required to complete five core courses and a core financial engineering project. The core financial engineering project is only open to students who have either i) completed the five core courses, or ii) are completing the remaining core courses in the same semester in which they are enrolling for the core financial engineering project.
- Derivatives and Fixed Income
- Risk Analyses and Management
- Financial Engineering Project
- Stochastic Calculus and Quantitative Methods
- Programming and Advanced Numerical Methods
- Financial Econometrics
Elective Courses
In addition to core courses, students are required to take at least four elective courses from the list below. Note that some electives may not be offered every year.
- Equity Products and Exotics
- Corporate Financing and Risk
- Portfolio Theory and Investments
- Graduate Internship in Financial Engineering
- Term Structure and Interest Rate Derivatives
- Research Methods in Finance
- Seminar in Financial Engineering
- Sustainable Finance Risk Management (SFRM)
- Quantitative Macroeconomics and Finance with Python
- Introduction to Quantitative Investing
- Seminar in Financial Product Innovations
- Financial Technology Innovations Seminar
- Seminar in Risk Management and Alternative Investment
- Credit Risk
- Credit Analytics Practicum
- Trading Principles & Fundamentals
- Advanced Derivatives Pricing
- Introduction to Electronic Financial Market
- Current Topics in Applied Risk Management
- Machine Learning and FinTech
- C++ in Financial Engineering
- Commodities: Fundamentals and Modelling
Program Tuition Fee
Program delivery
The NUS MFE programme is offered on the following basis (with the estimated time to complete the programme indicated below):
- Full-time: 12–24 months
- Part-time: 18–48 months
Note: International applicants must be accepted into an approved full-time course in Singapore to apply for a Student’s Pass. For more information, refer to the Singapore Immigration & Checkpoints Authority (ICA) website.
Program Admission Requirements
Demonstrate your commitment and readiness to succeed in business school by taking the GMAT exam – the most widely used exam for admissions that measures your critical thinking and reasoning skills.
Download the GMAT mini quiz to get a flavour of the questions you’ll find in the exam.