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MSc in Financial Engineering

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.

Intakes

Jan Deadline: May
Aug Deadline: Feb

Application Processing Time in Days: 30

Minimum English Language Requirements

English Level Description	IELTS (1.0 -9.0)	TOEFL IBT (0-120)	TOEFL CBT (0-300)	PTE (10-90)
Expert	9	120	297-300	86-90
Very Good	8.5	115-119	280-293	83-86
Very Good	8	110-114	270-280	79-83
Good	7.5	102-109	253-267	73-79
Good	7	94-101	240-253	65-73
Competent	6.5	79-93	213-233	58-65
Competent	6	60-78	170-210	50-58
Modest	5.5	46-59	133-210	43-50
Modest	5	35-45	107-133	36-43
Limited	4	32-34	97-103	30-36
Extremely Limited	< 4	< 31	< 93	< 30

Job Opportunity Potential

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.

PSW Opportunity

The International Students studying in certain institutions in Singapore are allowed to work part time for 16 hours per week as mentioned on the Ministry of Manpower website of Singapore.
Students who have studied in the institutions mentioned on the Ministry of Manpower website of Singapore are allowed to apply for a Long Term Visitor Pass.
They are allowed to look for a job during this time period.This is for 12 months.If the students get a job during this time period, the employer may sponsor for an Employment pass.

Admission Requirement / Eligibility Criteria

Good 4-year undergraduate degree or an honours degree in a discipline with a strong background in Mathematics, Statistics, Computer Science, Engineering, Finance or Economics.
If English was not the medium of instruction in undergraduate studies, applicants must provide one of the following:
- TOEFL (taken before 21 January 2026): Minimum score of 85
- TOEFL (taken on or after 21 January 2026): Minimum score of 4.5
- IELTS: Minimum score of 6.5
GMAT* or GRE* score (optional).
Relevant work experience will be an advantage.

For More Information Please Contact To Our Counselor.

National University of Singapore

Singapore , Singapore ,Singapore