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. 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.
Risk Management Institute
rmisec@nus.edu.sg
NUS Risk Management Institute 21 Heng Mui Keng Terrace I3 Building #04-03 Singapore 119613History
The NUS Risk Management Institute (RMI) was established in 2006 as a research institute at NUS dedicated to the area of financial risk management. The establishment of RMI was supported by the Monetary Authority of Singapore (MAS) under its program on Risk Management and Financial Innovation.
Mission
The Risk Management Institute (RMI) aims to be a world-class center in risk management through research, education, and training.
Vision
The Risk Management Institute (RMI) strives to become a locally, regionally and globally recognized knowledge center in financial risk management where scholars, regulators, and industry professionals gather to advance cutting edge knowledge that has immediate relevance to the financial system.
| Commitment | Average Candidature | Maximum Candidature |
|---|---|---|
| Part Time | 2 Years | 3 Years |
Foreign applicants are required to have an employment pass or dependent pass to be eligible for the part-time on-campus program. Foreign applicants are eligible for the full-time on-campus program and distance learning program.
- For those who take the GMAT in Singapore, please select National University of Singapore – MS in Financial Engineering.
- For the GRE, our institution code is 0677 and the department code is 4312.
- For TOEFL, our institution code is 9087 and department code is 99.
- For IELTS, our institution code is 0677.
Please refer to Admission – NUS Risk Management Institute
No specific academic pre-requisites are needed for the programme
Application Fee
S$50.00 (non-refundable)
Deadlines
Applicants can submit the application by the deadlines for all modes of studies: full-time, part-time or via distance learning program. Only completed application with ALL required documents received will be processed.
Admission Results
August 2024 Intake (Regular Application Cycle)
Applicants will be informed of their respective admission results for the August 2024 intake starting from April 2024. All applicants will be informed of their admission status latest by July 2024.
August 2024 Intake (Early Admission Cycle)
Applicants to the early admission cycle for the August 2024 intake will be informed of their admission results on a rolling basis. All applicants will be informed of their admission status latest by October 2023. If early admission applicants do not hear from us by this deadline, please note that your application is automatically rolled over to the regular admission cycle and you do not need to submit an application again.
Early Admission
Early admission for the August 2024 intake will be open from 1 May 2023 to 30 July 2023.
The early admission cycle (which takes place a few months before the regular application cycle) empowers you to make a choice early while regular application cycle has its important practical advantages in the later application deadline (15 March). You will have more time to complete the application components—more time for you to edit and prepare your application package and more time for your referee(s) to write on your behalf. However, if your academic record and accomplishments have been consistently strong over time, early admission may be an attractive option.
- Transcript of undergraduate degree or at least five semesters’ record for current Year 3 undergraduate student
- Degree scroll (if applicable)
- CAP/GPA ranking certificate (if applicable)
- Resume
- At least one referee report (you can provide the referee’s email address and a link will be automatically generated and sent by the application system)
Only online application is required for early admission. Shortlisted candidates will be contacted separately for additional documents required, if any.
Regular Admission
Regular admission cycle for the August 2024 intake will be open from 1 October 2023 to 15 March 2024.
- Transcript of undergraduate degree or at least five semesters’ record for current Year 3 undergraduate student
- Degree scroll (if applicable)
- CAP/GPA ranking certificate (if applicable)
- Resume
- At least one referee report (you can provide the referee’s email address and a link will be automatically generated and sent by the application system)
Important: The University has not engaged any external agencies to undertake student recruitment on its behalf. Candidates interested in our graduate programs are advised to apply directly to the University and not through any agents. Candidates who apply through agents will not have any added advantage in gaining admission and the University reserves the right to reject such applications without giving reasons.
Please refer to Admission – NUS Risk Management Institute for more details.
| Category | Application Window | Application Result Released | |
|---|---|---|---|
Semester 1 Intake (August) | All students of any nationalities | Application Opens: October 1 2025 Application Closes: March 15 2025 | On rolling basis (Applicants will be informed of their respective admission results for the August 2024 intake starting from April 2024. All applicants will be informed of their admission status latest by July 2024.) |